Installed Building Products Expands Reach With Capital Acquisition

Group 1: Acquisition and Revenue Growth - Installed Building Products, Inc. (IBP) has acquired Capital Insulation, LLC and CBS & Mirror, LLC, adding over $12 million in annual revenues and strengthening its position in the Houston market [1] - IBP has completed acquisitions that contributed to an 8$100 million in annual revenues to date, indicating a strong growth strategy through acquisitions [3] Group 2: Strategic Expansion - The acquisition of Tatum Insulation III, LLC expands IBP's geographic reach and revenue streams, particularly in North Carolina [4] - Acquisitions are central to IBP's capital allocation strategy, enabling geographic expansion and product diversification [6] - IBP anticipates further deals before year-end and has a strong acquisition pipeline for 2025, driven by demand in residential construction [6] Group 3: Market Performance - Shares of IBP declined 1.7% during trading hours but increased 5% in after-hours trading [2] - Over the past year, IBP's shares have gained 9%, compared to the Zacks Building Products – Miscellaneous industry's growth of 21.7% [7]