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 ...

Installed Building Products (IBP) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this residential insulation installer have returned -14.2%, compared to the Zacks S&P 500 composite's -4% change. During this period, the Zacks Building Products - Miscellaneous industry, which Installed Building Products falls in, has lost 7.2%. The key question now ...

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 ...