Installed Bldg Prods Inc Stock Price, News & Analysis

Installed Building Products, Inc. (NYSE: IBP) will release its fourth quarter 2022 financial results on February 22, 2023. A conference call and webcast will follow at 10:00 a.m. ET on the same day to discuss the results. Investors can access the call via the Company's website and dial in using the provided numbers. Installed Building Products is a leading installer of insulation products and other complementary building products across the continental United States, with over 220 branch locations serving residential and commercial builders.

Installed Building Products, Inc. (NYSE: IBP) announced the acquisition of ABS Insulating Company, ABS Sprayfoam Insulation, and ABS Coastal Insulating, significantly enhancing its business. The acquisition adds approximately $21 million in annual revenue and solidifies IBP's presence in the Charlotte, NC and Myrtle Beach, SC markets. In 2022, IBP has already secured over $100 million in acquired revenue, exceeding prior expectations. Acquisitions are a vital part of IBP's growth strategy as it looks to expand its market footprint.

Installed Building Products (NYSE: IBP) announced the acquisition of Orr Industries, LLC, enhancing its presence in Pennsylvania with an additional $10 million in annual revenue. The acquisition aligns with IBP's growth strategy, contributing to the $88 million of revenue from acquisitions made in 2022. CEO Jeff Edwards emphasized the importance of acquisitions in expanding IBP's national footprint and service offerings. This move bolsters their market position in the insulation and complementary building products sector.

Installed Building Products (NYSE: IBP) announced the acquisition of Lynch Insulation, adding approximately $5 million to its annual revenue. This strategic move expands IBP's footprint in Montana, following a total of $78 million in acquisitions in 2022. Jeff Edwards, CEO, emphasized the importance of acquisitions in driving growth for the company. The press release also includes forward-looking statements about market conditions and potential risks, particularly related to economic factors and the ongoing impact of COVID-19.

Installed Building Products (IBP), a leader in insulation installation, announced participation in several investor conferences in November and December 2022. Key executives, including CFO Michael Miller and President of External Affairs Jeffrey Hire, will attend the Deutsche Bank Industrials Conference on November 15 in New York, the Stephens Annual Investment Conference on November 16 in Nashville, and the Credit Suisse Global Industrials Conference on December 1 in Manalapan. Additionally, they will participate in the Truist Securities Summit on December 6 in New York.

Installed Building Products (IBP) reported record third-quarter 2022 results with net revenue of $719.1 million, up 41.1% year-over-year. Installation revenue rose 33.5% to $672.9 million, driven by strong residential construction demand. Net income surged 74.8% to $61 million, with adjusted EBITDA increasing 53.8% to $120.2 million. IBP declared a quarterly dividend of $0.315 per share, paid on September 30, 2022. The company completed the acquisition of All Florida Insulation, contributing to its expansion strategy. IBP expects continued demand into 2023 due to strong unit backlog.

Installed Building Products, Inc. (NYSE: IBP) will announce its third quarter 2022 financial results on November 3, 2022. A conference call and webcast will follow at 10:00 a.m. ET to discuss these results. IBP specializes in insulation and complementary building products, managing installations across the U.S. from over 210 branch locations. Investors can access the live event via the company’s website and participate through provided conference call numbers.

Installed Building Products (IBP) has announced participation in several upcoming investor conferences. On September 13, 2022, IBP management will attend the RBC Capital Markets Global Industrials Conference in Las Vegas. Following that, on September 20, IBP executives will participate virtually in the 15th Annual Zelman Housing Summit. Lastly, on September 21, key members will be present in-person at the AllianceBernstein and Columbia Threadneedle Investments Small & Mid-Cap Investor Summit in New York. IBP is a leading installer of insulation and building products across the U.S.