Installed Building Products (IBP) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this residential insulation installer have returned +5.8% over the past month versus the Zacks S&P 500 composite's +1.8% change. The Zacks Building Products - Miscellaneous industry, to which Installed Building Products belongs, has gained 1.9% over this period. Now the key ...

The latest trading session saw Installed Building Products (IBP) ending at $255.84, denoting a -0.94% adjustment from its last day's close. The stock's change was less than the S&P 500's daily loss of 0.04%. At the same time, the Dow lost 0.03%, and the tech-heavy Nasdaq gained 0.03%.The residential insulation installer's stock has climbed by 8.58% in the past month, exceeding the Construction sector's gain of 4.37% and the S&P 500's gain of 2.57%.The investment community will be closely monitoring the perf ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________ FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2023 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 c ...

INSTALLED BUILDING PRODUCTS 4Q 2023 Reported February 22, 2024 Forward-looking statements are based on management' s current expectations and involve risks and uncertainties that could cause actual results, performance or achievements to differ significantly from IBP's historical results or those implied in such forwardlooking statements, including, without limitation, general economic and industry conditions, rising home prices, inflation and interest rates; the supply chain and material constraints; the t ...

INSTALLED BUILDING PRODUCTS REPORTS RECORD FOURTH QUARTER AND FISCAL YEAR 2023 RESULTS Columbus, Ohio, February 22, 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 fourth quarter ended December 31, 2023. Fourth Quarter 2023 Highlights (Comparisons are to Prior Year Period) Recent Developments "IBP improved both sales and profitability in the fourth quarter, helping t ...

UNITED STATES ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 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. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Exact name of registrant as specified in its charter) Delaware 45-3707650 ...

Financial Data and Key Metrics Changes - Consolidated net revenue increased to a record $692 million in Q2 2023, compared to $677 million in the same period last year, driven by increases in multi-family and commercial sales, higher price mix, and revenue from recent acquisitions [17][25][30] - Adjusted gross profit margin improved by 160 basis points year-over-year to 33.6% in Q2 2023, reflecting a strategic focus on securing profitable installation jobs [18][31] - Adjusted EBITDA for Q2 2023 reached a record $122 million, with adjusted EBITDA as a percentage of net revenue at 17.7%, slightly above the same period last year [32][31] - Net income per diluted share increased by 5% to $2.18, while adjusted net income per diluted share improved by 6% to $2.62, marking record percentages of 8.9% and 10.7% of revenue respectively [31][32] Business Line Data and Key Metrics Changes - Total installation sales increased by 2% year-over-year, driven by a 41% increase in multi-family sales and a 24% increase in commercial sales, which offset a 10% decline in single-family sales [26][30] - Multi-family sales growth accelerated to 38% on a same-branch basis, up from 30% in the previous year [26] - Same-branch commercial sales increased by 16% during Q2 2023 [30] Market Data and Key Metrics Changes - The residential housing market remains resilient, supported by stable employment and low existing home inventory levels, with publicly traded homebuilders reporting a combined order growth of approximately 18% [27] - The backlog in the multi-family end market remains at historically high levels, with jobs extending beyond one year [15] Company Strategy and Development Direction - The company continues to expand its product offerings and geographic presence through acquisitions, having closed five deals in 2023 with annual revenue exceeding $48 million, aiming for at least $100 million in annual revenue from acquisitions [14][35] - The company is focused on profitability and effective capital allocation, with a strong liquidity position and modest financial leverage [35][34] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the second half of the year, anticipating that the recovery in single-family home construction is underway, despite a challenging environment in the first half [15][44] - The company expects to see higher rates of growth from production builders compared to non-production builders in the latter half of the year [65] - Management noted that the installation industry is well-positioned to benefit from government legislation aimed at improving energy efficiency in residential homes [28] Other Important Information - The company recorded amortization expenses of approximately $11 million related to acquisitions in Q2 2023, with expectations of similar expenses in Q3 and a full-year estimate of $44 million [19] - The effective tax rate for Q2 2023 was approximately 26%, with expectations of 25% to 27% for the full year [53] Q&A Session Summary Question: Comments on overall market and single-family starts - Management feels good about the back half of the year, noting that while starts have been down, trends could lead to flat single-family starts year-over-year [44][45] Question: Update on single-family same-branch sales - Management indicated that the second quarter was likely the weakest for single-family sales, with expectations for improvement in the back half of the year [73][78] Question: Insights on gross margins and sustainability - Management reported strong gross margins in Q2 and expressed confidence in maintaining margins in the 30% to 32% range moving forward [92][93] Question: Impact of Inflation Reduction Act on industry - Management anticipates that any impacts from the FHA requirement related to energy efficiency will not be felt until early 2025 [104][117] Question: Performance of heavy commercial business - Management noted decent growth in the heavy commercial business, which constitutes about 7% of overall revenue, and is being monitored closely due to tightening credit conditions [130][131]

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 June 30, 2023 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 (Stat ...

INSTALLED BUILDING PRODUCTS 1Q 2023 Reported May 4, 2023 DISCLAIMER 2 We believe the Adjusted EBITDA measure is useful to investors and us as a measure of comparative operating performance from period to period as it measures our changes in pricing decisions, cost controls and other factors that impact operating performance, and removes the effect of our capital structure (primarily interest expense), asset base (primarily depreciation and amortization), items outside our control (primarily income taxes) an ...

Financial Data and Key Metrics Changes - Consolidated net revenue increased to a first quarter record of $659 million, compared to $587 million for the same period last year, reflecting a 12% year-over-year improvement [41] - Adjusted gross profit margin improved 250 basis points year-over-year to 31.9% in the first quarter, benefiting from strong price mix growth [10] - Adjusted EBITDA for the first quarter improved 25% to $105 million, with adjusted EBITDA as a percent of net revenue at 15.9%, a 160 basis point improvement from the same period last year [22] Business Line Data and Key Metrics Changes - In the installation segment, same-branch sales increased 4% in residential, with a 38% increase in multifamily same-branch revenue offsetting a 3% decline in single-family same-branch sales [6] - Same-branch installation sales in the commercial business increased 22%, driven by light commercial project strength [18] - Other revenue, including manufacturing and distribution operations, increased from $26 million to $37 million, driven by organic growth and acquisitions [21] Market Data and Key Metrics Changes - Total U.S. residential completions increased 12% during the first quarter, driven by significant year-over-year growth in multifamily completions [6] - The backlog of the multifamily business extends beyond one year, indicating strong future demand [8] Company Strategy and Development Direction - The company continues to prioritize profitability over job volume, aligning with builders who value local market knowledge and job efficiency [7] - The strategy includes focusing on profitable work and maintaining a strong balance sheet to support ongoing acquisitions and shareholder returns [20][44] Management Comments on Operating Environment and Future Outlook - Management expressed optimism about the housing market returning to normal seasonality, supported by strong employment trends and low existing home inventory levels [130] - The company anticipates that the softness in single-family housing will be more concentrated in the second quarter, with recovery expected in the back half of the year [91] Other Important Information - The company completed three acquisitions in the first quarter, contributing to revenue growth and expanding market presence [19] - The effective tax rate for the first quarter was approximately 26.8%, with expectations of 25% to 27% for the full year [22] Q&A Session Summary Question: How should we think about your ability to sustain gross margin improvements amid inflation? - Management noted that the inflationary environment has normalized, and they are focused on maintaining price over volume, which has positively impacted gross margins [25] Question: What are you hearing from private builder customers compared to larger public builders? - Management indicated that regional and local builders have shown higher growth rates, but they expect public builders to gain strength in the latter half of the year due to their strong financial positions [27] Question: Can you quantify the price mix impact? - Management explained that multifamily and light commercial projects contribute positively to the price mix due to higher average job prices, but they do not disclose specific breakdowns [51] Question: How do you view the impact of tighter lending conditions on commercial customers? - Management stated that they have not seen significant delays or cancellations in their backlog, indicating stability in the commercial sector for now [72] Question: What is the outlook for the multifamily backlog? - Management confirmed that the multifamily backlog extends beyond a year, but they are monitoring for potential headwinds in 2024 [60] Question: How do you evaluate the trade-off between price and volume in the current environment? - Management reiterated their commitment to valuing price over volume and noted that they are encouraged by the current market dynamics and backlog trends [53]