Installed Building Products (IBP) came out with quarterly earnings of $3.02 per share, beating the Zacks Consensus Estimate of $2.89 per share. This compares to earnings of $2.62 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 4.50%. A quarter ago, it was expected that this residential insulation installer would post earnings of $2.23 per share when it actually produced earnings of $2.47, delivering a surprise of 10.76%. Over ...

The positive inflation report on Jul 11, 2024, most likely induced bullish sentiments among investors. The Bureau of Labor Statistics revealed that the Consumer Price Index (CPI) for June 2024 increased by 3% yearon-year, the lowest level in over three years. Furthermore, this better-than-expected figure suggests the Federal Reserve may start cutting rates this year, moving closer to the 2% target. While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, ...

Installed Building Products, Inc. (IBP) acquired Thrice Energy Solutions, LLC (Thrice) and Gutter Pro Enterprises, Inc (Gutter Pro). These acquisitions are expected to add approximately $14 million in annual revenues. IBP repurchased $46 million of common stock in June under its existing repurchase program. Focus on Acquisitions Bode Well During first-quarter 2024 and in April, IBP completed the acquisition of a Delaware-based installer specializing in fireplaces for new single-family construction projects, ...

Installed Building Products, Inc. (IBP) reported impressive first-quarter 2024 results. Both earnings and net revenues surpassed the Zacks Consensus Estimate and increased on a year-over-year basis.Installed Building’s shares gained 2.1% during the trading session on May 9, following the earnings release.The first-quarter financial results of IBP showcase enhancements in the single-family end market and sustained robust sales growth in the multi-family end market. Customers demonstrate a strong commitment t ...

0.80x Total Debt Net Debt Net Debt / Adjusted EBITDA 1 Net debt is a non-GAAP financial measure and is calculated by subtracting cash from total debt. 2 Adjusted EBITDA is a non-GAAP financial measure. A reconciliation to the most comparable measure prepared in accordance with GAAP is included in the Appendix. The most recent quarter is a last twelve months figure. Note: Q1 2024 Net Debt / Adjusted EBITDA uses LTM Adjusted EBITDA as of 3/31/2024. FINANCIAL PERFORMANCE 20 Debt Maturities and Credit Ratings 2 ...

Installed Building Products, Inc. (NYSE:IBP) Q1 2024 Earnings Conference Call May 9, 2024 10:00 AM ET Company Participants Darren Hicks – Managing Director-Investor Relations Jeff Edwards – Chairman and Chief Executive Officer Michael Miller – Chief Financial Officer Jason Niswonger – Chief Administrative and Sustainability Officer Conference Call Participants Michael Rehaut – JPMorgan Stephen Kim – Evercore ISI Trey Grooms – Stephens Susan Maklari – Goldman Sachs Ken Zener – Seaport Research Partners Mike ...

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 March 31, 2024 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 (Sta ...

Installed Building Products (IBP) came out with quarterly earnings of $2.47 per share, beating the Zacks Consensus Estimate of $2.23 per share. This compares to earnings of $2.15 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10.76%. A quarter ago, it was expected that this residential insulation installer would post earnings of $2.53 per share when it actually produced earnings of $2.72, delivering a surprise of 7.51%.Over t ...

INSTALLED BUILDING PRODUCTS REPORTS FIRST QUARTER 2024 RESULTS; DECLARES REGULAR QUARTERLY CASH DIVIDEND Columbus, Ohio, May 9, 2024, 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 first quarter ended March 31, 2024. First Quarter 2024 Highlights (Comparisons are to Prior Year Period) Recent Developments "Our first quarter financial results reflect improvements in our sin ...

Installed Building Products, Inc. (IBP) is scheduled to report first-quarter 2024 results on May 9 before the opening bell.In the last reported quarter, the company’s earnings and net revenues topped the Zacks Consensus Estimate by 7.5% and 4.6%, respectively.The company’s earnings surpassed expectations in three of the trailing four quarters and missed on one occasion, the average surprise being 7.4%.The Trend in Estimate RevisionThe Zacks Consensus Estimate for Installed Building’s first-quarter earnings ...