Highest-materiality recent filing
IBP Q2 net income down 6% to $64.9M; adjusted EPS $2.91 vs $2.95; dividend raised 5%
Net revenue $777.8M (+2.3% YoY); installation revenue -0.7%, other revenue +50.4%.
IBP Q1 revenue down 3.5% to $660.5M, adj. EPS $1.79; declares $0.39 dividend (+5%)
Net revenue $660.5M (-3.5% YoY); installation revenue $609.8M (-5.8%) driven by residential weakness.
IBP reports record Q4 net income $76.6M, EPS $2.83; raises dividends and authorizes $500M buyback
Net revenue down 0.4% to $747.5M; adjusted EBITDA up 7.7% to record $142.2M (19.0% margin).
IBP closes $500M 5.625% notes due 2034 and upsizes ABL facility to $375M, extends to 2031
Issued $500M aggregate principal of 5.625% senior notes due Feb 1, 2034; net proceeds ~$490M.
IBP to buy 150K shares from CEO's entity at $250.96 each (3% discount)
150,000 shares repurchased from PJAM IBP Holdings (Beneficially owned by CEO Jeff Edwards) for $37.6M.
Installed Building Products Q3: record revenue $778.2M, EPS $2.74, dividend raised 6%
Record Q3 revenue $778.2M, up 2.3% YoY; net income $74.4M (+8.5%); adjusted EPS $3.18.
IBP acquires Echols Glass & Mirror and Vanderkoy Bros, adding >$16M annual revenue
Acquired Echols Glass & Mirror (Buford, GA) – wholesale glass design/fabrication and retail sales, serving Southeastern U.S. residential customers.
Installed Building Products repurchases 200k shares from CEO's entity for $51.5M at 3% discount
Repurchased 200,000 shares at $257.38/share (3% discount to Aug 18 close of $265.34) for total $51.476 million.
IBP reports record Q2 revenue $760.3M; EPS $2.52 up 9.6%; dividend raised 6%
Net revenue record $760.3M (+3.1% YoY); installation revenue $715.6M (+2.6%).
Installed Building Products Q1 2025 net revenue down 1.2% to $684.8M; diluted EPS $1.64
Net revenue $684.8M (down 1.2% YoY); net income $45.4M ($1.64 diluted EPS) vs $55.9M ($1.97) in prior year.
IBP Q4 revenue record $750.2M (+4.1%), EPS $2.39 (+4.4%); dividend raised 6%
Q4 2024 net revenue $750.2M record (+4.1% YoY); net income $66.9M (+3.1%); diluted EPS $2.39 (+4.4%).
IBP reports record Q3 revenue $760.6M (+7.7% YoY), EPS $2.44; dividend raised 6%
Record net revenue $760.6M, up 7.7% YoY; net income $68.6M (+0.9%), diluted EPS $2.44.
IBP Q2 record revenue $737.6M, EPS $2.30; declares $0.35 dividend (6% increase)
Net revenue up 6.6% YoY to $737.6M; installation revenue up 7.0% to $697.3M.
IBP Q1 record net income $55.9M, EPS $1.97; revenue +5.1% to $692.9M; dividend raised 6%
Net revenue $692.9M (+5.1% YoY); net income $55.9M (+13.4%); diluted EPS $1.97 (+13.2%) - all Q1 records.
IBP closes $500M new term loan refinancing with lower rate and extended maturity to 2031
New $500M term loan matures March 28, 2031; proceeds refinance prior $490M Term Loan B.
IBP Q4 record revenue $720.7M, adj. EPS $2.72; dividend up 6%, $300M buyback authorized
Q4 net revenue $720.7M (+5.0% YoY); net income $64.9M ($2.29 diluted EPS).
IBP acquires Combee Insulation of Florida, adds ~$16.5M annual revenue
Combee installs fiberglass insulation, spray foam, and garage doors in Central Florida residential projects.
IBP posts record Q3 net income $68M ($2.40 EPS); adjusted EPS $2.79; declares $0.33 dividend
Net revenue $706.5M (-1.8% YoY); net income $68.0M (+11.5%); record net income margin 9.6%.
IBP COO Jay P. Elliott retiring Dec 31, 2023; Brad Wheeler named successor effective Jan 1, 2024
Jay P. Elliott to retire as COO effective Dec 31, 2023; will serve as advisor on business strategy post-retirement.
Installed Building Products Q2 revenue record $692.1M; EPS $2.18 vs $2.07 YoY
Net revenue $692.1M (+2.3% YoY); record net income $61.6M (+2.8%).
IBP Q1 record revenue $659M (+12% YoY), EPS $1.74; declares Q2 dividend $0.33
Net revenue record $659.3M, up 12.2% YoY; net income $49.3M, +45.7%.
IBP acquires Anchor Insulation, adding ~$39M annual revenue
Anchor Insulation (Pawtucket, RI) provides residential, mechanical, and industrial insulation across the Northeast.
Q4 net revenue $686.5M (+28.6% YoY); net income $68.7M (+134%); adjusted EPS $2.43 (+71.1%).
Acquisition of ABS Insulating Company, Inc. and affiliates closed December 19, 2022.
Jay P. Elliott has notified the Company of his decision to retire as Chief Operating Officer, effective December 31, 2023.
The Board of Directors of the Company has named Brad A. Wheeler, currently serving as Regional President of the Company, to replace Mr. Elliott as Chief Operating Officer, effective January 1, 2024.
Following the Annual Meeting and in connection with Ms. Moore's election at the Annual Meeting, as described in Item 5.07 below, the Board appointed Marchelle E. Moore to the Compensation and Human Capital Committee and the Nominating and Corporate Governance Committee, effective immediately.
On July 18, 2022, the Board of Directors (the “Board”) of Installed Building Products, Inc. (“IBP” or the “Company”) voted to (i) increase the size of the Board from eight to nine members and (ii) appoint Robert H. Schottenstein to fill the newly created vacancy.
Max materiality 0.85 · Median 0.55 · Most common event earnings