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Installed Building Products, Inc. (IBP), headquartered in Columbus, Ohio, stands as a prominent player in the U.S. residential new construction market. As the second largest insulation installer in the country, IBP leverages its extensive network of over 125+ locations across the United States to deliver high-quality installation services. The company specializes in a wide range of products for new and existing residential, multifamily, and commercial building projects. These products include insulation, garage doors, siding, gutters, shower doors, mirrors, bath hardware, closets and shelving, door locksets, and fireplaces.
IBP prides itself on its longstanding relationships with leading builders nationwide, with integrity forming the cornerstone of these partnerships. The company's comprehensive training programs, deep understanding of local building codes, and robust manufacturer relationships ensure smooth, hassle-free project outcomes. This commitment to service excellence at the local level has cultivated a loyal customer base.
In addition to its core insulation services, IBP has diversified its offerings to include products such as waterproofing, fire-stopping and fireproofing, window blinds, and more. The company's insulation options include fiberglass, spray foam, and cellulose insulation, addressing a variety of customer needs.
IBP's operations are categorized into three segments: Installation, Manufacturing, and Distribution. The Installation segment is the primary revenue generator, reflecting the company's expertise and focus in this area.
Recent achievements and current projects highlight IBP's growing influence and commitment to excellence. Through strategic partnerships and continuous improvement initiatives, the company aims to stay at the forefront of the industry, delivering value to both customers and shareholders.
Installed Building Products (NYSE: IBP) will release its second quarter 2021 financial results on August 5, 2021. A conference call and webcast for investors will take place at 10:00 a.m. Eastern Time on the same day to discuss the results. IBP is a major installer of insulation products and offers a range of complementary building services across the United States, operating from over 190 branch locations. The company is known for managing the entire installation process for residential and commercial builders.
Installed Building Products (IBP) announced the acquisition of General Ceiling & Partitions (GCP) and Reliable Glass & Mirror, enhancing their positions in the commercial and residential markets. GCP adds approximately $11.5 million in annual revenue and expands IBP's services in Colorado Springs. The company has achieved about $79 million in total annual revenues through acquisitions in 2021, indicating a robust growth strategy with a strong pipeline of opportunities ahead.
Installed Building Products (IBP) announced the participation of Michael Miller, CFO, and Jeffrey Hire, President of External Affairs, at the virtual KeyBanc Industrials & Basic Materials Conference on June 1, 2021. As one of the largest residential insulation installers in the U.S., IBP offers a range of complementary building products, managing installation for both residential and commercial projects. The company operates over 190 branches nationwide, ensuring timely delivery and quality service.
Installed Building Products, Inc. (IBP) reported a record first quarter 2021 with net revenue reaching $437.1 million, up 10.0% year-over-year. Net income rose 8.1% to $17.3 million, or $0.58 per diluted share. Despite challenges from February's winter storms affecting production and supply chains, gross profit increased to $125.4 million. IBP declared a quarterly dividend of $0.30 per share and has completed three acquisitions in 2021, adding approximately $65 million in annual revenue. The company anticipates continued growth despite ongoing supply constraints.
Installed Building Products (IBP) has declared a quarterly cash dividend of $0.30 per share, set to be paid on June 30, 2021, to shareholders on record as of June 15, 2021. IBP is a prominent installer of insulation and complementary building products across the U.S., operating over 190 branch locations. The company emphasizes its comprehensive installation processes and serves both residential and commercial builders, reflecting its significant role in the construction industry.
Installed Building Products (IBP) has announced its participation in two upcoming investor conferences. On May 17, 2021, CFO Michael Miller and President of External Affairs Jeffrey Hire will attend the Goldman Sachs Leveraged Finance Conference. They will also participate in the J.P. Morgan Homebuilding & Building Products Conference on May 20, 2021. IBP is a leading installer of insulation and complementary building products across the U.S., managing the entire installation process, with over 190 branch locations providing services to both residential and commercial projects.
Installed Building Products, Inc. (NYSE: IBP) will release its first quarter 2021 financial results on May 7, 2021. A conference call and webcast are scheduled for the same day at 10:00 a.m. (ET) to discuss the results. The company is a leading installer of insulation and various building products, operating over 190 branch locations across the continental United States. Its services include installation management from material procurement to quality installation for both residential and commercial projects.
Installed Building Products (IBP) has acquired Alpine Construction Services, a Colorado-based insulation installer, expanding its residential and multifamily services. Alpine, founded in 2015, generated approximately $9.4 million in annual revenue and enhances IBP's reach in the Colorado Springs market. In 2021, IBP has completed acquisitions totaling about $65 million in annual revenues, underscoring its growth strategy focused on expanding geographic presence and service offerings.
Installed Building Products, Inc. (IBP) has acquired Alert Insulation, enhancing its commercial insulation services in California. Founded in 1992, Alert Insulation generates approximately $21 million in annual revenue, which significantly boosts IBP's market presence. Since the start of 2021, IBP has completed acquisitions totaling over $55 million in annual revenues. The company emphasizes that acquisitions are central to its growth strategy, with a robust pipeline of future opportunities.
Installed Building Products, Inc. (NYSE: IBP) announced a significant donation of $1.9 million to nonprofits and individuals via the Installed Building Products Foundation. This includes $820,000 in major grants aimed at assisting home-building and renovation services across various states. The Foundation has notably contributed over $1.4 million to employee assistance programs since its launch in 2019. The Foundation, fueled by contributions from executives and employees, emphasizes community support during challenging times.
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