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INSTALLED BUILDING PRODUCTS, INC. - IBP STOCK NEWS

Welcome to our dedicated page for INSTALLED BUILDING PRODUCTS news (Ticker: IBP), a resource for investors and traders seeking the latest updates and insights on INSTALLED BUILDING PRODUCTS stock.

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.

News

Installed Building Products Announces Ratings Upgrade from Moody’s

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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.
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Installed Building Products Reports Third Quarter 2023 Results; Declares Regular Quarterly Cash Dividend

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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.
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Installed Building Products to Report Third Quarter 2023 Financial Results

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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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Installed Building Products Announces Retirement of Chief Operating Officer and Appointment of Successor

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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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Installed Building Products Publishes 2023 Environmental, Social and Governance Report

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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 Announces the Acquisition of Interior 2000 Products, LLC and R-Pro Select, LLC

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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 Successfully Repriced Term Loan B Facility

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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 Reports Record Second Quarter 2023 Results; Declares Regular Quarterly Cash Dividend

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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 to Report Second Quarter 2023 Financial Results

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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 Announces the Election of Marchelle E. Moore to Its Board of Directors

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FAQ

What is the current stock price of INSTALLED BUILDING PRODUCTS (IBP)?

The current stock price of INSTALLED BUILDING PRODUCTS (IBP) is $217.09 as of November 22, 2024.

What is the market cap of INSTALLED BUILDING PRODUCTS (IBP)?

The market cap of INSTALLED BUILDING PRODUCTS (IBP) is approximately 6.1B.

What is Installed Building Products, Inc.?

Installed Building Products, Inc. (IBP) is the second largest insulation installer in the U.S. residential new construction market, offering a wide range of installation services and products.

Where is Installed Building Products, Inc. headquartered?

Installed Building Products, Inc. is headquartered in Columbus, Ohio.

What types of products does IBP install?

IBP installs a variety of products including insulation, garage doors, siding, gutters, shower doors, mirrors, bath hardware, closets and shelving, door locksets, and fireplaces.

How many locations does Installed Building Products, Inc. have?

Installed Building Products, Inc. has over 125+ locations throughout the United States.

What are the main segments of IBP’s operations?

IBP’s operations are divided into three segments: Installation, Manufacturing, and Distribution.

What types of insulation does IBP offer?

IBP offers fiberglass insulation, spray foam insulation, and cellulose insulation.

How does IBP maintain its customer relationships?

IBP maintains customer relationships through comprehensive training, knowledge of local building codes, strong manufacturer relationships, and excellent service at the local level.

What markets does IBP serve?

IBP serves the residential, multifamily, and commercial building markets.

What recent achievements has IBP accomplished?

Recent achievements of IBP include strategic partnerships and continuous improvement initiatives to enhance their service delivery and industry influence.

How does IBP ensure hassle-free project outcomes?

IBP ensures hassle-free project outcomes through comprehensive training, a deep understanding of local building codes, and strong manufacturer relationships.

Stock IBP logo
INSTALLED BUILDING PRODUCTS, INC.

NYSE:IBP

IBP Rankings

#1172 Ranked by Market Cap
#1950 Ranked by Dividends

IBP Stock Data

6.05B
23.43M
16.71%
95.23%
5.92%
Residential Construction
General Bldg Contractors - Residential Bldgs
Link
United States of America
COLUMBUS