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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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