IBP(US:IBP)2025-11-05 12:34Revenue Performance - Net revenue for Q3 2025 reached a record $778.2 million, an increase of 2.3% from $760.6 million in Q3 2024[7] - Net revenue for Q3 2025 was $778.2 million, a 2.1% increase from $760.6 million in Q3 2024[22] - Total consolidated net revenue for Q3 2025 reached $778.2 million, compared to $760.6 million in Q3 2024, marking a growth of 2.1%[30] Income and Profitability - Net income increased 8.5% to a record $74.4 million, with net income per diluted share rising 12.3% to $2.74[7][14] - Net income for Q3 2025 was $74.4 million, up from $68.6 million in Q3 2024, resulting in a diluted earnings per share of $2.74[22] - Adjusted net income for Q3 2025 was $86.4 million, compared to $80.1 million in Q3 2024, indicating an increase of 4.1%[40] - Operating income for Q3 2025 was $106.8 million, an increase from $101.3 million in Q3 2024, reflecting a growth of 5.4%[30] - Adjusted EBITDA increased 5.7% to a record $139.9 million, representing an adjusted EBITDA margin of 18.0%[16] - Adjusted EBITDA for the three months ended September 30, 2025, was $139.9 million, compared to $132.3 million in the same period of 2024, reflecting a margin of 18.0%[49] Revenue Segmentation - Installation revenue increased by 1.0% to $721.1 million, while other revenue rose 21.7% to $57.1 million[7] - Installation segment revenue for Q3 2025 was $721.1 million, a slight increase from $713.7 million in Q3 2024, representing a growth of 1.9%[30] - Residential new construction accounted for 70% of the Installation segment revenue in Q3 2025, totaling $540.3 million, slightly down from 72% in Q3 2024[32] Cash Flow and Dividends - Net cash flow from operations increased 22.4% to $124.1 million, with cash and cash equivalents totaling $333.3 million as of September 30, 2025[7] - Cash and cash equivalents increased to $333.3 million as of September 30, 2025, from $327.6 million at the end of 2024[24] - The company declared cash dividends of $0.37 per share in Q3 2025, up from $0.35 per share in Q3 2024[22] - A quarterly cash dividend of $0.37 per share was declared, representing a 6% increase from the previous year[8] Expenses and Liabilities - The company’s operating expenses for Q3 2025 were $157.4 million, compared to $155.5 million in Q3 2024, showing a slight increase of 1.2%[30] - Total liabilities increased to $1,372.5 million as of September 30, 2025, from $1,354.6 million at the end of 2024[24] Sales Growth - Residential same branch sales decreased by 2.8%, while commercial same branch sales increased by 11.7%[10] - The company reported a commercial sales growth of 12.2% for the three months ended September 30, 2025, compared to 7.7% in the same period of 2024[51] - Same branch sales growth for the three months ended September 30, 2025, was 0.4%, a decrease from 5.2% in the same period of 2024[51] - The company experienced a decline in residential sales growth of (1.5)% for the three months ended September 30, 2025, compared to a growth of 7.7% in the same period of 2024[51] Asset Management - Total assets decreased to $2,051.1 million as of September 30, 2025, compared to $2,059.9 million at December 31, 2024[24] - Cash flows from operating activities for the nine months ended September 30, 2025, were $306.5 million, compared to $265.2 million in 2024[26] Share Repurchase - The company repurchased 200,000 shares of common stock at a total cost of $51.5 million during Q3 2025[9] - The company repurchased $134.9 million of common stock during the nine months ended September 30, 2025[28]