Installed Bldg Prods Inc Stock Price, News & Analysis

Installed Building Products, Inc. (NYSE: IBP), a top installer of insulation products, will disclose its Q1 2023 financial results on May 4, 2023. A webcast and conference call are scheduled for 10:00 AM (ET) on the same day to discuss these results in detail. Investors can access the call through the company's website, and a playback will be available until June 4, 2023. The company is a significant player in new residential insulation installation, managing a wide range of building products, including waterproofing and fireproofing, across the United States and the District of Columbia.

Installed Building Products, Inc. (NYSE: IBP) has announced the acquisition of Anchor Insulation Co., Inc., enhancing its operational footprint in the Northeastern United States. Anchor Insulation, established in 1980 and based in Pawtucket, Rhode Island, generates approximately $39 million in annual revenue. This acquisition aligns with IBP's growth strategy, which has already seen it acquire $43 million in annual revenue in 2023 alone. CEO Jeff Edwards emphasized the strategic importance of this acquisition for expanding IBP's market reach across various customer segments, including residential and commercial sectors.