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Installed Building Products Inc   (IBP)
Other Ticker:  
 
    Sector  Capital Goods    Industry Construction Services
 
Price: $239.2100 $-0.51 -0.213%
Day's High: $242.01 Week Perf: 1.09 %
Day's Low: $ 237.73 30 Day Perf: 12.72 %
Volume (M): 669 52 Wk High: $ 247.98
Volume (M$): $ 160,055 52 Wk Avg: $147.71
Open: $238.29 52 Wk Low: $103.51



 Market Capitalization (Millions $) 6,771
 Shares Outstanding (Millions) 28
 Employees 3,600
 Revenues (TTM) (Millions $) 2,778
 Net Income (TTM) (Millions $) 244
 Cash Flow (TTM) (Millions $) 157
 Capital Exp. (TTM) (Millions $) 62

Installed Building Products Inc

We are the second largest new residential insulation installer in the United States based on our internal estimates, with a national platform consisting of over 100 locations accessing customers in all 48 continental states and the District of Columbia. We believe we have the number one or two market position for new single-family insulation installation in more than half of the markets in which we operate, based on permits issued in those markets. We also install complementary building products, including garage doors, rain gutters, shower doors, closet shelving and mirrors, which provide cross-selling opportunities to supplement our insulation installation business.

We manage all aspects of the installation process for our customers, from our direct purchase and receipt of materials from national manufacturers, to our timely supply of materials to job sites and quality installation. Installation of insulation is a critical phase in the construction process, as certain interior work cannot begin until the insulation phase passes inspection. We benefit from our national scale, long-standing supplier relationships and a broad customer base that includes production and custom homebuilders, multi-family and commercial contractors, and homeowners.


Our business began in 1977 with one location in Columbus, Ohio. In the late 1990s, we began our acquisition strategy with the goal of creating a national platform. Since 1999, we have successfully completed and integrated over 90 acquisitions, which has allowed us to generate significant scale and to diversify our product offering while expanding into some of the most attractive housing markets in the United States. Over the past several years, our net revenue has increased at a faster rate than our operating expenses, resulting in an improved cost structure and a more efficient and scalable operating model to improve our financial performance and returns on invested capital. We believe we are well positioned to continue to grow our business through the ongoing housing recovery, organic growth and acquisitions.

We manage all aspects of the installation process for our customers, from our direct purchase and receipt of materials from national manufacturers, to our timely supply of materials to job sites and quality installation:

In each of our markets, our branch management and staff foster close working relationships with local customers.

Our branch management hires and trains installers with a focus on quality, safety and timely installation.

Our branch sales staff analyzes construction plans, measures the installation jobs to prepare customer proposals that comply with local building codes and energy efficiency standards and meet customer requirements.

Our branches order and receive delivery of materials directly from national manufacturers.

Our branches break bulk and load required materials onto our vehicles for each job, and manage installer schedules to ensure timely installation that meets our customers’ scheduling requirements.

For each phase of product installation, our installers prepare the job site, professionally install the materials to pass inspection, clean-up when the installation is complete and return unused materials to the branch.


Fiberglass Insulation – Fiberglass insulation is made of fibrous glass that is held together by a thermoset resin creating insulating air pockets. It typically contains an average of 50% recycled content. It is primarily available in two forms: batts (also referred to as blankets) and loosefill (also referred to as blown in). Fiberglass is the most widely used residential insulation material in the United States.


Spray Foam Insulation – Spray foam insulation is applied at a job site by mixing two chemical components together in specialized application equipment. It is generally polyurethane foam. While typically having the highest insulating value per inch and sealing effectiveness of all insulation materials that we offer, it is also typically the most expensive on an installed basis.

Cellulose Insulation – Cellulose insulation is made primarily of paper and cardboard and has a very high recycled content. Cellulose is only available in loosefill form and is blown into the structure with specialized equipment.



   Company Address: 495 South High Street Columbus 43215 OH
   Company Phone Number: 221-3399   Stock Exchange / Ticker: NYSE IBP
   


Customers Net Income grew by IBP's Customers Net Profit Margin fell to

4.97 %

18.94 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

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Financing Agreement

Installed Building Products Announces $500 Million Refinancing Plan to Strengthen Financial Position

Published Wed, Mar 13 2024 12:00 PM UTC


COLUMBUS, Ohio - Installed Building Products, Inc. (IBP) has revealed its intention to refinance and extend its existing $490 million Term Loan B facility due in 2028. The industry-leading installer of insulation and other building products aims to secure a new 7-year $500 million term loan, due in 2031, to enhance its financial standing.
The decision comes as IBP e...

Installed Building Products Inc

New Financial Report Shows Mixed Performance for Installed Building Products Inc.

The financial results released by Installed Building Products, Inc. (IBP) for the fourth quarter and fiscal year 2023 showed a mixed bag of performance. While the company experienced an increase in net revenue and installation revenue, there was a decline in income per share and net earnings.
One notable highlight from the results was the record net revenue of $720.7 million achieved in the fourth quarter of 2023, representing a 5.0% increase compared to the previous year. This growth can be attributed to IBP's successful sales strategies and its ability to meet the rising demand for insulation and related building products. The company also reported installation revenue of $669.8 million, a 4.5% increase from the prior year period.
However, there were also some concerning figures in the financial report. The income per share decreased by 5.4% to $2.30, compared to $2.43 in the same period a year before. Net earnings also fell by 5.66% to $64.837 million in the fourth quarter of 2023, compared to $68.724 million in the corresponding period in the previous year.

Dividend

Installed Building Products Smashes Records with Strong Q4 and FY 2023 Results, Gains Momentum in Stock Market

Published Thu, Feb 22 2024 12:30 PM UTC

Installed Building Products Reports Record Fourth Quarter and Fiscal Year 2023 Results
COLUMBUS, Ohio - Installed Building Products, Inc. (IBP), a leading installer of insulation and complementary building products, has announced its impressive financial results for the fourth quarter ended December 31, 2023. The company experienced a significant increase in net revenue ...

Installed Building Products Inc

Installed Building Products Inc. Reports Impressive 12.68% Surge in Revenue, Surpassing Expectations in Q3 2023

Installed Building Products Inc. is a construction services company that experienced a decline in revenue during the July to September 2023 period. However, despite this slump, the company managed to increase its earnings per share by 12.68% to $2.40 per share. The company's income per share grew while revenue declined, which is a positive indicator of the company's efficiency and profitability.
Compared to the construction services sector as a whole, Installed Building Products Inc. experienced a decrease in revenue while the sector as a whole saw revenue improvement. This contrast highlights the company's unique performance and could be attributed to various factors such as market conditions or specific company strategies.

Dividend

Installed Building Products Inc. Reports Decrease in Net Revenue for Q3 2023, Focuses on Multi-Family Sales to Mitigate Impact

Published Wed, Nov 8 2023 12:30 PM UTC

Installed Building Products Reports Decrease in Net Revenue for Third Quarter 2023
COLUMBUS, Ohio (DATE) - Installed Building Products, Inc. (NYSE: IBP), a leading installer of insulation and complementary building products, announced its financial results for the third quarter ended September 30, 2023. Despite a challenging market environment, the company reported a 1.8...






 

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