IBP Q2 record revenue $737.6M, EPS $2.30; declares $0.35 dividend (6% increase)

Installed Building Products, Inc.

2024-Q2 EPS reported $4.27 revenue$1,430,500,000

Net revenue up 6.6% YoY to $737.6M; installation revenue up 7.0% to $697.3M.
Net income up 5.8% to $65.2M ($2.30 diluted EPS); adjusted EPS $2.84.
Adjusted EBITDA up 6.3% to $129.8M; margin 17.6%.
Board declared Q3 cash dividend of $0.35/share (6% YoY increase) payable Sep 30, 2024.
YTD 2024 acquisitions over $50M annual revenue; repurchased $46M in stock.

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