Installed Building Products Reports Record Third Quarter 2024 Results; Declares Regular Quarterly Cash Dividend
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
Company Research
Source: Business Wire
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 results for the third quarter ended September 30, 2024.Third Quarter 2024 Highlights (Comparisons are to Prior Year Period)Net revenue increased 7.7% to an all-time record of $760.6 millionInstallation revenue increased 7.9% to $713.7 million, as growth across all end markets combined with sales from IBP's recent acquisitionsOther revenue, net of eliminations, which includes IBP’s manufacturing and distribution operations, increased to $46.9 million from $45.3 millionNet income increased 0.9% to a third quarter record of $68.6 millionAdjusted EBITDA* increased 1.4% to an all-time record of $132.3 millionNet income per diluted share increased 1.7% to an all-time record of $2.44Adjusted net income* increased 1.5% to $80.1 million, or $2.85 per diluted shareAt September 30, 2024, IBP h
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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