Investors interested in Building Products - Miscellaneous stocks are likely familiar with Arcosa (ACA) and Installed Building Products (IBP) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisi ...

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Core Insights - The company reported a 2% increase in consolidated sales for the third quarter, reaching a record $778 million, with same-branch sales remaining roughly flat [12]. - The heavy commercial end market was a significant driver of sales growth, with a 12% increase in commercial same-branch sales, while residential same-branch sales declined by 3% [12][5]. - The company has been actively acquiring businesses to enhance its product offerings and market presence, including a North Carolina manufacturer with annual revenue of $20 million [6] and several other acquisitions totaling approximately $19 million in annual sales [7]. Sales Performance - Same-branch new single-family installation sales decreased by 2%, while multifamily installation sales fell by 7% [1]. - Despite the challenges in the residential market, the company has seen growth in complementary product sales by double digits compared to the previous year [1]. - The heavy commercial segment continues to show strong performance, with expectations for sustained sales and profitability beyond 2025 [5]. Financial Highlights - The company returned nearly $213 million to shareholders through dividends and stock repurchases during the nine months ended September 30, 2025 [2]. - Adjusted EBITDA for the third quarter reached a record $140 million, reflecting an adjusted EBITDA margin of 18% [14]. - Cash flow from operating activities increased by 16% to $307 million, primarily due to improvements in working capital management [15]. Market Outlook - The outlook for new residential construction in 2026 is expected to be flat compared to 2025, influenced by consumer confidence and housing affordability challenges [8]. - The company anticipates that multifamily housing will continue to meet the needs of growing markets, particularly for individuals facing housing affordability concerns [8][9]. - The company remains optimistic about the long-term fundamentals of the US housing construction industry, despite current market challenges [3][10]. Operational Efficiency - The company has maintained a disciplined approach to managing selling and administrative expenses, which decreased as a percentage of sales [14]. - The adjusted gross margin for the third quarter improved to 34%, up from 33.8% in the prior year, attributed to a favorable shift in customer, product, and geographic mix [13]. - The company is focused on capital allocation to achieve attractive returns while distributing excess cash to shareholders [16]. Regional Performance - The Midwest and Northeast regions showed low single-digit sales growth, while the South remained flat and the West experienced a slight decline [31]. - The company has benefited from its strong market share in the Midwest and Northeast, which have performed better relative to other regions [31][32]. - The performance of the heavy commercial business has helped offset weaknesses in the light commercial segment [23]. Acquisition Strategy - The company is actively seeking well-run businesses that align with its strategic goals and support attractive returns on invested capital [6]. - The residential installation market remains fragmented, presenting considerable opportunities for consolidation [6]. - The company has a robust pipeline for potential acquisitions, particularly in the heavy commercial sector, which is expected to drive future growth [78].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From _________ To ________ Commission File Number: 001-36307 Installed Building Products, Inc. (Exact name of registrant as specified in its charter) Delaware 45-3707650 ...

Financial Data and Key Metrics Changes - Consolidated net revenue for Q3 2025 increased 2% to a record $778 million compared to $761 million for the same period last year [16] - Adjusted EBITDA for Q3 2025 increased to a record $140 million, reflecting an adjusted EBITDA margin of 18% [18] - Adjusted net income increased to $86 million or $3.18 per diluted share [18] - Cash flow from operating activities increased 16% to $307 million for the nine months ended September 30, 2025 [10][18] - Adjusted gross margin for Q3 2025 was 34%, up from 33.8% in the prior year period [17] Business Line Data and Key Metrics Changes - Same branch sales for the installation segment were flat for Q3, with a 12% increase in commercial same branch sales offset by a 3% decline in residential same branch sales [16] - Third quarter installation sales in the multifamily end market were down 7% on a same branch basis [9] - Heavy commercial same branch sales growth exceeded 30% during Q3 2025 [17] - Same branch new single-family installation sales were down 2% [9] Market Data and Key Metrics Changes - Single-family starts year-to-date through August 2025 decreased by 5% from the prior year, while multifamily starts decreased by 15% for the same period [12] - The South region, which represents about 45% of residential sales, was essentially flat in the quarter, while the West region, accounting for roughly 20% of residential sales, was down very low single digits [42] Company Strategy and Development Direction - The company remains focused on growing earnings and cash flow while diligently deploying capital to shareholders, having returned nearly $213 million to shareholders through dividends and stock repurchases [8] - The company is pursuing acquisitions in well-run businesses that support attractive returns on invested capital, particularly in the fragmented residential installation market [11] - The company is optimistic about the long-term fundamentals of the U.S. housing construction industry despite current challenges [8][13] Management's Comments on Operating Environment and Future Outlook - Management expects residential housing starts to be flat compared to 2025, influenced by consumer confidence and buyer activity during the spring home selling season [13] - The company believes it operates from a position of strength and is flexible in navigating potential near-term challenges [14] - Management noted that while there are headwinds in the multifamily market, they are strategically gaining market share [25] Other Important Information - The company published its 2025 ESG report, highlighting efforts in environmental sustainability and community engagement [8] - The company has a net debt to trailing twelve-month adjusted EBITDA leverage ratio of 1.09 times, well below the target of 2 times [19] - The fourth quarter dividend of $0.37 per share represents a 6% increase over the prior year period [20] Q&A Session Summary Question: What is the outlook for multifamily and commercial backlogs? - Management indicated that while there are continued headwinds in the multifamily market, they are seeing building of backlogs and gaining share in new markets [24][25] Question: Are there any delays in the commercial side? - Management noted that while there are no widespread project delays, some select markets are experiencing delays, particularly influenced by the trades that come before them [32] Question: How is the company performing relative to competitors? - Management stated that they have outperformed the market opportunity, particularly with regional and local builders, despite headwinds in the entry-level market [50][51] Question: What are the expectations for pricing and gross margins? - Management expects continued pricing pressure in the entry-level market but is confident in maintaining margins through effective service and value provided to builders [129] Question: What is the growth outlook for the heavy commercial segment? - Management expressed confidence in the heavy commercial business continuing to deliver strong results, with significant opportunities for organic growth [115][120]

INVESTOR PRESENTATION INSTALLED BUILDING PRODUCTS Q3 2025 NYSE: IBP NOV 5, 2025 Safe Harbor This presentation contains "forward-looking statements" as defined under U.S. federal securities laws. Forward -looking statements are generally identified by the use of the words "will," "may," "believes," "expects," "forecast," "intends," "anticipates," "projects," "outlook," "target," "plans" and "seeks," and, in each case their negative, and other variations or comparable terminology. Forward-looking statements a ...

Core Insights - Installed Building Products (IBP) reported quarterly earnings of $3.18 per share, exceeding the Zacks Consensus Estimate of $2.69 per share, and up from $2.85 per share a year ago, representing an earnings surprise of +18.22% [1] - The company achieved revenues of $778.2 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 4.67% and increasing from $760.6 million year-over-year [2] - IBP's stock has increased by approximately 35.8% since the beginning of the year, outperforming the S&P 500's gain of 15.1% [3] Earnings Outlook - The future performance of IBP's stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [4] - The current consensus EPS estimate for the upcoming quarter is $2.45 on revenues of $693.73 million, and for the current fiscal year, it is $10.16 on revenues of $2.88 billion [7] Industry Context - The Zacks Industry Rank indicates that the Building Products - Miscellaneous sector is currently in the bottom 35% of over 250 Zacks industries, which may negatively impact stock performance [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

INSTALLED BUILDING PRODUCTS REPORTS RECORD THIRD QUARTER 2025 RESULTS Columbus, Ohio, November 5, 2025, Installed Building Products, Inc. (the "Company" or "IBP") (NYSE: IBP), an industry-leading installer of insulation and complementary building products, today announced results for the third quarter ended September 30, 2025. Third Quarter 2025 Highlights (Comparisons are to Prior Year Period) Recent Developments "With another quarter of record financial performance, so far, 2025 has been an encouraging ye ...

Core Insights - Installed Building Products (NYSE: IBP) has experienced a 40% pullback from its 2024 highs, making its shares appealing at current multiples [1] Group 1: Company Overview - Installed Building Products is positioned as a leader in the industry, providing opportunities for investors to capitalize on significant corporate events such as IPOs, mergers & acquisitions, and earnings reports [1] Group 2: Investment Opportunities - The investment group "Value In Corporate Events" focuses on identifying the best opportunities in the market, covering 10 major events each month [1]

Core Insights - Installed Building Products, Inc. (IBP) has accelerated its growth through strategic acquisitions of Echols Glass & Mirror, Inc. and Vanderkoy Bros, LLC, leading to a 2.1% increase in shares after hours [1] Expanding Product Portfolio - The acquisition of Echols enhances IBP's capabilities in wholesale glass design and fabrication, particularly in the Southeastern United States, adding higher-margin decorative interior products to its portfolio [2] - Vanderkoy's expertise in drywall and metal stud framing installation strengthens IBP's presence in the Midwest and introduces new structural installation capabilities [3] Strengthening Regional & End-Market Diversification - The combined acquisitions expand IBP's reach in both residential and commercial markets, aligning with its strategy to diversify service offerings and strengthen revenue [4] Financial Impact of Acquisitions - The acquisitions are expected to add over $16 million in annual revenues, contributing to IBP's ongoing strategy that has already seen approximately $55 million in annual revenues from recent buyouts [5][9] Inorganic Growth Strategy - Strategic mergers and acquisitions (M&A) are a key component of IBP's growth strategy, allowing for expansion into new markets and product categories while maintaining a disciplined approach to target well-managed businesses [6] Integration and Future Growth - IBP has successfully integrated several acquisitions, including a recent one that added approximately $4 million in annual revenues, positioning the company for sustained margin expansion and growth [7][8] Stock Performance - IBP's stock has increased by 38.9% year-to-date, significantly outperforming the Zacks Building Products - Miscellaneous industry's decline of 0.8%, supported by a disciplined capital allocation strategy [10]