Installed Building Products Announces the Acquisition of Tatum Insulation III, LLC
Installed Building Products, Inc. (IBP)
Last installed building products, inc. earnings: 2/27 07:00 am
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US:NYSE Investor Relations:
investors.installedbuildingproducts.com/investor-relations
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Source: Business Wire
Acquisition Adds Over $17 Million of Annual Revenue COLUMBUS, Ohio--(BUSINESS WIRE)--Installed Building Products, Inc. (the “Company” or “IBP”) (NYSE: IBP), an industry-leading installer of insulation and complementary building products, today announced the acquisition of Tatum Insulation III, LLC (“Tatum”). Tatum is headquartered just outside of Wilmington, North Carolina, and serves new residential and new commercial end markets throughout the state. Tatum installs multiple building products including fiberglass insulation, shower doors, shelving, mirrors, and other products installed in the interior of homes and buildings.“Tatum adds over $17 million of annual revenue to our business, giving us increased geographic exposure and the opportunity to deepen our presence with single-family, multi-family, and commercial customers throughout North Carolina,” stated Jeff Edwards, Chairman and Chief Executive Officer. “To date in 2024, we have acquired over $90 million of annual revenue.
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IBP
News
- Installed Building Products, Inc. (NYSE: IBP) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Installed Building Products, Inc. (NYSE: IBP) was downgraded by analysts at Seaport Res Ptn from a "strong-buy" rating to a "hold" rating.MarketBeat
- Installed Building Products Announces the Acquisition of Capital Insulation, LLCBusiness Wire
- Installed Building Products, Inc. (NYSE: IBP) was downgraded by analysts at Evercore ISI from an "outperform" rating to an "underperform" rating. They now have a $206.00 price target on the stock, down previously from $238.00.MarketBeat
- Installed Building Products, Inc. (NYSE: IBP) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
IBP
Earnings
- 11/7/24 - Miss
IBP
Sec Filings
- 12/16/24 - Form 8-K
- 11/29/24 - Form 4
- 11/26/24 - Form 8-K
- IBP's page on the SEC website