IBP(US:IBP)2022-05-05 16:27Financial Performance - IBP's revenue has grown at a compound annual growth rate (CAGR) of 19% from 2014 to LTM 3/31/2022[42] - Consolidated sales growth for the three months ended March 31, 2022, was 34.4% compared to 10.0% in 2021[44] - Same branch consolidated sales growth for the three months ended March 31, 2022, was 22.5% compared to 2.2% in 2021[44] - Adjusted EBITDA for LTM 3/31/2022 was $315 million, representing 14.9% of net revenue[48] - The company announced a quarterly dividend of $0.315 per share, a 5% increase from the prior declaration[12] Growth Strategy - The company is targeting >$100 million of acquired revenue annually through acquisitions[10] - New residential accounted for 76% of revenue, while commercial accounted for 17% in the installation segment based on 2021 revenue[21] - The company aims to outpace market completions in organic revenue growth over the long term[9] ESG Initiatives - Over 80% of the company's insulation sales are fiberglass, which comprises an average of 50% recycled material[31] - The company has committed $1.5 million in scholarships to 160 employees and family members through the IBP Foundation[39] - The company has awarded $2.9 million in grants to nonprofit organizations dedicated to building or renovating houses or providing shelter for those in need[39] COVID-19 Impact - Supply chain disruptions due to manufacturer supply shortages reduced gross profit and adjusted EBITDA by approximately $1.4 million each in 1Q22, with an estimated impact of 20 basis points on their respective margins[60]