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Installed Building Products Inc - IBP STOCK NEWS

Welcome to our dedicated news page for Installed Building Products (Ticker: IBP), a resource for investors and traders seeking the latest updates and insights on Installed Building Products.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Installed Building Products's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Installed Building Products's position in the market.

News
Installed Building Products Successfully Closes New Term Loan B Facility
Rhea-AI Summary
Installed Building Products, Inc. (IBP) successfully closed a new 7-year $500 million term loan with favorable financial terms, no maintenance covenants, and high credit ratings. The loan refinanced a prior facility, extending the expiration date by over 2 years, reflecting IBP's strong performance and capital structure.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.57%
Tags
none
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News
Installed Building Products Celebrates Five Years of Community Impact
Rhea-AI Summary
Installed Building Products, Inc. (NYSE: IBP) celebrates its fifth anniversary of community giving initiatives, contributing over $10 million to scholarships and diverse nonprofits. IBP's sustainable impact through trust-based philanthropy and corporate partnerships has enriched educational, housing, and community programs, benefiting countless individuals and organizations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.72%
Tags
none
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News
Installed Building Products Announces Plans to Refinance and Extend its Term Loan B Facility
Rhea-AI Summary
Installed Building Products, Inc. (NYSE: IBP) plans to refinance its $490 million Term Loan B facility with a new 7-year $500 million term loan. The company aims to use the net proceeds for refinancing and paying fees. The terms of the New Term Loan will be disclosed later, subject to market conditions. The lender's presentation will be available on the company's website on March 13, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.67%
Tags
none
News
Installed Building Products Reports Record Fourth Quarter and Fiscal Year 2023 Results
Rhea-AI Summary
Installed Building Products, Inc. (IBP) reported record results for Q4 2023, with net revenue up 5.0% to $720.7 million. The company's net income was $64.9 million, and adjusted EBITDA increased to $128.3 million. IBP's Board declared a 6% increase in the regular cash dividend for Q1 2024. The company also authorized a new stock repurchase program of up to $300 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.12%
Tags
earnings
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News
Installed Building Products to Report Fourth Quarter 2023 Financial Results
Rhea-AI Summary
Installed Building Products, Inc. (IBP) will release its fourth quarter 2023 financial results on February 22, 2024, followed by a webcast and conference call to review the results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.3%
Tags
conferences earnings
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News
Installed Building Products to Celebrate 10th Anniversary of NYSE Listing
Rhea-AI Summary
Installed Building Products, Inc. (IBP) will celebrate its 10th anniversary of being listed on the New York Stock Exchange by ringing The Closing Bell. Since its initial public offering, IBP's market capitalization has grown from approximately $324 million to $5.7 billion. The company has achieved this growth through organic expansion and acquisitions, diversifying its end market presence. The President and CEO, Jeffrey W. Edwards, attributes this success to the hardworking employees and the company's commitment to profitable growth and ethical practices.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.7%
Tags
none
News
Installed Building Products Announces the Acquisition of Combee Insulation of Florida, LLC
Rhea-AI Summary
Installed Building Products, Inc. (IBP) has announced the acquisition of Combee Insulation Company, Inc., Combee Foam Products, Inc. and Air Tight Diagnostics, LLC, adding approximately $16.5 million of annual revenue. Combee, established in 1970 and headquartered in Lakeland, Florida, installs building products such as fiberglass insulation, spray foam insulation, and garage doors primarily in new residential construction projects in Central Florida. IBP has acquired around $75 million of annual revenue in 2023 through acquisitions, with a robust pipeline of opportunities across various geographies, products, and end markets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.56%
Tags
acquisition
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News
Installed Building Products Announces Ratings Upgrade from Moody’s
Rhea-AI Summary
Installed Building Products, Inc. (IBP) (NYSE: IBP) receives an upgrade in its corporate family rating and senior secured first lien term loan rating by Moody's. The company's speculative grade liquidity rating remains SGL-1, with a stable outlook. Moody's expects IBP to continue performing well and maintain low financial leverage, attributing the upgrade to the company's good liquidity profile and commitment to conservative financial policies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.46%
Tags
none
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News
Installed Building Products Reports Third Quarter 2023 Results; Declares Regular Quarterly Cash Dividend
Rhea-AI Summary
IBP: Installed Building Products Announces Q3 2023 Results, Net Revenue Down 1.8% to $706.5M, Net Income Up 11.5% to $68M. Declares $0.33 Dividend. ESG Report Published. Acquisition Update and Q4 Cash Dividend Declared.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.55%
Tags
dividends earnings
News
Installed Building Products to Report Third Quarter 2023 Financial Results
Rhea-AI Summary
Installed Building Products, Inc. (NYSE: IBP) will release its Q3 2023 financial results on November 8, 2023. A webcast and conference call will be held at 10:00 a.m. (Eastern Time) to review the results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.14%
Tags
conferences earnings
Stock IBP logo
Installed Building Products Inc

NYSE:IBP

IBP Rankings

#1049 Ranked by Market Cap
#720 Ranked by Stock Gains
#1958 Ranked by Dividends

IBP Stock Data

6.85B
23.46M
16.59%
86.99%
3.81%
Plumbing, Heating, and Air-Conditioning Contractors
Construction
Link
US
Columbus

About IBP

headquartered in columbus, ohio, installed building products has over 125+ locations throughout the united states. we are the second largest insulation installer in the u.s. residential new construction market. we offer a diverse portfolio of products for new and existing residential, multifamily, and commercial building projects. we specialize in insulation, and install a number of additional products including garage doors, siding, gutters, shower doors, mirrors, bath hardware, closets and shelving, door locksets and fireplaces. ibp prides itself on our longstanding relationships with leading builders in markets nationwide. integrity is the cornerstone of those relationships and our business. our comprehensive training, knowledge of local building codes, and strong manufacturer relationships deliver smooth, hassle free results. and service at the local level is the quality that keeps our customers coming back time after time. we believe in fostering leadership at the local level thro