Installed Building Products Reports First Quarter 2024 Results; Declares Regular Quarterly Cash Dividend [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:
investors.installedbuildingproducts.com/investor-relations
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Source: Yahoo! Finance
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 million Installation revenue increased 5.3% to $655.9 million, as single-family and multi-family sales growth combined with sales from IBP's recent acquisitions Other revenue, which includes IBP's manufacturing and distribution operations, increased to $37.0 million from $36.6 million Net income increased 13.4% to a first quarter record of $55.9 million Adjusted EBITDA* increased 11.6% to a first quarter record of $117.3 million Net income per diluted share increased 13.2% to a first quarter record of $1.97 Adjusted net income per diluted share* increased 14.9% to a first quarter record of $2.47 At March 31, 2024, IBP had $399.9 million in cash and cash equivalents Repriced Term Loan B facility, reducing the borrowing cost and extending the mat
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IBP
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