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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.
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3.14%
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Installed Building Products, Inc. announces retirement of COO Jay P. Elliott and appointment of Brad A. Wheeler as replacement.
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0.43%
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Installed Building Products, Inc. releases 2023 ESG report, highlighting milestones and commitment to sustainability.
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Installed Building Products (IBP) acquires Interior 2000 and R-Pro Select, adding $6 million and $2 million of annual revenue respectively. IBP has acquired over $55 million of annual revenue in 2023. Acquisitions are a key part of IBP's growth strategy.
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Installed Building Products, Inc. (IBP) announced the successful completion of the repricing of its approximately $492.5 million Tranche B-1 Term Loans, resulting in significant interest expense cost savings. The Tranche B-1 Term Loans, which mature in December 2028, have no financial maintenance covenants and are rated BB+ by S&P Global Ratings and Ba2 by Moody's Investors Service. The repriced SOFR Rate and alternative base rate are 0.25% below the prior rate, reflecting IBP's current financial standing and a change in loan market conditions since the close of the Term Loan Credit Agreement in December 2021. RBC Capital Markets and Goldman Sachs Bank USA acted as joint lead arrangers and bookrunning managers for the Tranche B-1 Term Loans.
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Installed Building Products, Inc. (IBP) announced a 2.3% increase in net revenue to a record $692.1 million for the second quarter of 2023. The company's net income also increased by 2.8% to a record $61.6 million. IBP declared a $0.33 per share dividend and elected a new independent director. Despite softer volume trends in the single-family end market, IBP's diverse end market mix and strong multifamily business helped offset the decline. The company also acquired two businesses in 2023 and is seeking to reprice its $500 million Term Loan B facility.
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Installed Building Products, Inc. (IBP) Announces Q2 2023 Financial Results Release Date and Conference Call. The industry-leading installer of insulation products will release its financial results on August 2, 2023, followed by a webcast and conference call at 10:00 a.m. (Eastern Time). Investors can access the conference call via the Company’s website or participate in the telephone conference call. Details for both options are provided in the press release.
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Installed Building Products (NYSE: IBP) announced its first-quarter results, reporting a 12.2% increase in net revenue to $659.3 million. Installation revenue increased 10.9% to $622.7 million, driven by growth in residential and commercial new construction markets. Net income increased 45.7% to $49.3 million, and adjusted EBITDA increased 24.7% to $105.0 million. IBP had $218.7 million in cash and cash equivalents at the end of the quarter. The company also declared a first-quarter dividend of $0.33 per share and an annual variable dividend of $0.90 per share. IBP expects to acquire at least $100 million of revenue for the full year.
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INSTALLED BUILDING PRODUCTS, INC.
NYSE:IBP
IBP Rankings
IBP Stock Data
6.96B
23.46M
16.59%
86.99%
3.81%
Plumbing, Heating, and Air-Conditioning Contractors
Construction
United States of America
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