earnings
confidence high
sentiment positive
materiality 0.82
IBP reports record Q3 revenue $760.6M (+7.7% YoY), EPS $2.44; dividend raised 6%
Installed Building Products, Inc.
2024-Q3 EPS reported
$6.71
revenue$2,191,100,000
- Record net revenue $760.6M, up 7.7% YoY; net income $68.6M (+0.9%), diluted EPS $2.44.
- Adjusted EBITDA $132.3M (+1.4%); adjusted net income $80.1M ($2.85/diluted share).
- Same-branch revenue up 5.2%, with residential +5% and commercial +6.1%.
- Board declared Q4 dividend $0.35/share (+6% YoY), payable Dec 31 to holders of record Dec 15.
- Closed two acquisitions in July and Oct 2024: Euroview (~$20M rev) and Insulation Supplies (>$22M rev).