Installed Building Products Inc

IBP

Equity

ISIN US45780R1014 / Valor 23365433

New York Stock Exchange, Inc (2024-12-24)

USD 177.24-0.54%

Installed Building Products Inc
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About company

Installed Building Products Inc is a leading installation contractor specializing in insulation services for both residential and commercial builders. With a workforce of over 10,000 employees spread across more than 250 locations nationwide, the company offers a wide range of high-quality insulation solutions to meet the needs of its diverse clientele.

Summarized from source with an LLMView SourceSector: Industrials

Record Revenue Growth

Installed Building Products Inc. reported a record net revenue of $760.6 million for the third quarter of 2024, marking a 7.7% increase compared to the same period in the previous year. This growth was driven by strong performance across all end markets and contributions from recent acquisitions.

Increased Net Income

The company achieved a net income of $68.6 million for the third quarter of 2024, representing a 0.9% increase from the prior year period. This resulted in a net income per diluted share of $2.44, setting a new record for the company.

Adjusted EBITDA Improvement

Installed Building Products Inc. reported an adjusted EBITDA of $132.3 million for the third quarter of 2024, a 1.4% increase from the previous year. This improvement reflects the company's focus on operational efficiency and strategic growth initiatives.

Dividend Declaration

The company's Board of Directors declared a regular quarterly cash dividend of $0.35 per share for the third quarter of 2024, which was paid to shareholders on September 30, 2024. This reflects the company's commitment to returning value to its shareholders.

Positive Outlook

Installed Building Products Inc. remains optimistic about its growth prospects, with a positive outlook for 2025. The company continues to focus on strategic acquisitions and expects to complete more deals by the end of the year, further enhancing its market position.

Summarized from source with an LLMView Source

Key figures

-4.62%1Y

27.5%3Y

150%5Y

Performance

45.2%1Y

45.0%3Y

54.4%5Y

Volatility