Installed Building Products Reports First 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 first quarter ended March 31, 2024.First Quarter 2024 Highlights (Comparisons are to Prior Year Period)Net revenue increased 5.1% to $692.9 millionInstallation revenue increased 5.3% to $655.9 million, as single-family and multi-family sales growth combined with sales from IBP's recent acquisitionsOther revenue, which includes IBP’s manufacturing and distribution operations, increased to $37.0 million from $36.6 millionNet income increased 13.4% to a first quarter record of $55.9 millionAdjusted EBITDA* increased 11.6% to a first quarter record of $117.3 millionNet income per diluted share increased 13.2% to a first quarter record of $1.97Adjusted net income per diluted share* increased 14.9% to a first quarter record of $2.47At March 31, 2024, IBP had $399.9 million
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News
- Installed Building Products, Inc. (NYSE: IBP) had its price target raised by analysts at Benchmark Co. from $250.00 to $270.00. They now have a "buy" rating on the stock.MarketBeat
- Installed Building Products, Inc. (NYSE: IBP) had its price target lowered by analysts at JPMorgan Chase & Co. from $242.00 to $227.00. They now have a "neutral" rating on the stock.MarketBeat
- Installed Building Products' (NYSE:IBP) Dividend Will Be $0.35 [Yahoo! Finance]Yahoo! Finance
- Installed Building Products, Inc. (NYSE: IBP) had its price target raised by analysts at Loop Capital from $250.00 to $270.00. They now have a "buy" rating on the stock.MarketBeat
- Installed Building (IBP) Tops on Q1 Earnings & Net Revenues [Yahoo! Finance]Yahoo! Finance
IBP
Earnings
- 5/9/24 - Beat
IBP
Sec Filings
- 5/14/24 - Form 4
- 5/9/24 - Form 10-Q
- 5/9/24 - Form 8-K
- IBP's page on the SEC website