Welcome to our dedicated page for Installed Bldg Prods news (Ticker: IBP), a resource for investors and traders seeking the latest updates and insights on Installed Bldg Prods stock.
Installed Building Products Inc (IBP: NYSE) is a national leader in insulation installation and complementary building product services for residential and commercial construction. This dedicated news hub provides investors and industry professionals with timely updates on corporate developments shaping the building products sector.
Access official press releases, earnings reports, and analysis of strategic initiatives including acquisitions, product launches, and partnership announcements. Our curated collection ensures you stay informed about IBP's expansion in insulation services, garage door installations, and regional market penetration.
Key updates cover operational milestones, leadership changes, and innovations in energy-efficient building solutions. Bookmark this page to monitor IBP's progress in maintaining its position as a trusted installer through code-compliant practices and localized service excellence across 125+ U.S. locations.
Installed Building Products (IBP) has announced the acquisition of Thrice Energy Solutions and Gutter Pro Enterprises. Thrice, based in Oklahoma City, specializes in installing fiberglass and spray foam insulation in both residential and commercial markets across Oklahoma and Texas. Gutter Pro, located in Plymouth, Massachusetts, serves residential and commercial clients in Massachusetts and Rhode Island. These acquisitions collectively add approximately $14 million in annual revenue and expand IBP's geographic and product diversity. Additionally, IBP repurchased roughly 215,000 shares of its common stock for $46 million in June, leaving over $250 million available in its repurchase program as of June 17, 2024.
Installed Building Products, Inc. (IBP) reported Q1 2024 results with net revenue up 5.1% to $692.9 million. The company saw growth in installation revenue and other revenue, with net income up 13.4% to $55.9 million. IBP declared a regular cash dividend and increased its second quarter dividend by 6%. The company acquired Trade Partners, Inc., showing a commitment to profitable growth. IBP aims for continued value creation for stakeholders in 2024.
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