IBP to Benefit From Production Capacity Expansion in Bucyrus [Yahoo! Finance]
Installed Building Products, Inc. (IBP)
Last installed building products, inc. earnings: 2/27 07:00 am
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US:NYSE Investor Relations:
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Source: Yahoo! Finance
Installed Building Products, Inc. 's IBP subsidiary company, Advanced Fiber Technology (“AFT”), has increased its production capacity with the opening of the second line of its manufacturing plant in Bucyrus, OH. This $5.5 million capacity expansion project comprises a $4.75 million investment in leading-edge technology, robotics and automation for the wastepaper conversion industry. Post the announcement, IBP stock rallied 5.3% during the trading hours and 0.4% in the after-hours on Tuesday. IBP's Benefits From the Strategic Move Backed by safe and efficient technology, the new manufacturing line expansion will enable AFT to produce high-performance and reliable Carbon-Smart Loose-Fill Cellulose Insulation and support Bucyrus' economic growth. Furthermore, this move will also help enhance AFT's ability to meet the growing commercial and residential customers' demand for its products by strengthening its operations and ensuring sustainability. Carbon-Smart Loose-Fill Cellul
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News
- Installed Building Products, Inc. (NYSE: IBP) had its price target raised by analysts at JPMorgan Chase & Co. from $236.00 to $241.00. They now have a "neutral" rating on the stock.MarketBeat
- 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 Publishes 2024 Environmental, Social and Governance ReportBusiness Wire
- Installed Building Products Announces the Acquisition of Tatum Insulation III, LLC [Yahoo! Finance]Yahoo! Finance
- Installed Building Products Announces the Acquisition of Tatum Insulation III, LLCBusiness Wire
IBP
Earnings
- 11/7/24 - Miss
IBP
Sec Filings
- 11/13/24 - Form 8-K
- 11/12/24 - Form 8-K
- 11/7/24 - Form 10-Q
- IBP's page on the SEC website