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.
Installed Building Products, Inc. (NYSE: IBP) will announce its third quarter 2022 financial results on November 3, 2022. A conference call and webcast will follow at 10:00 a.m. ET to discuss these results. IBP specializes in insulation and complementary building products, managing installations across the U.S. from over 210 branch locations. Investors can access the live event via the company’s website and participate through provided conference call numbers.
Installed Building Products (IBP) has announced participation in several upcoming investor conferences. On September 13, 2022, IBP management will attend the RBC Capital Markets Global Industrials Conference in Las Vegas. Following that, on September 20, IBP executives will participate virtually in the 15th Annual Zelman Housing Summit. Lastly, on September 21, key members will be present in-person at the AllianceBernstein and Columbia Threadneedle Investments Small & Mid-Cap Investor Summit in New York. IBP is a leading installer of insulation and building products across the U.S.
Installed Building Products (IBP) has released its 2022 Environmental, Social, and Governance (ESG) report, accessible on its website. The report highlights IBP's commitment to sustainability, including a goal of a 50% reduction in greenhouse gas emissions by 2030. The Company emphasizes initiatives aimed at supporting employees and local communities, pledging to contribute 1% of EBITDA annually to community projects. IBP aims to enhance energy efficiency in construction, and its CEO, Jeff Edwards, expresses pride in the Company's ESG progress and ongoing commitment to corporate responsibility.
Installed Building Products, Inc. (IBP) reported a record net revenue of $676.7 million for Q2 2022, a 38.7% increase year-over-year. Installation revenue rose 32.1% to $638.0 million, boosted by growth in residential, repair, and commercial sectors. Net income surged 61% to $59.9 million, with adjusted EBITDA up 53.1% to $119.5 million. The company declared a quarterly dividend of $0.315 per share and returned $59.3 million to shareholders via dividends and share buybacks during Q2. IBP aims for continued growth through strategic acquisitions.
Installed Building Products (NYSE: IBP) will release its second quarter 2022 financial results on August 4, 2022, followed by a conference call at 10:00 a.m. Eastern Time. Investors can access the call via the Company’s website, with options for both domestic and international participants. As a leading installer of insulation and building products in the U.S., Installed Building Products operates over 210 branch locations, providing services for residential and commercial construction across all 48 continental states.
Installed Building Products, Inc. (NYSE: IBP) has appointed Robert H. Schottenstein as an independent director on its Board of Directors, expanding the board to nine members. Schottenstein previously served from April 2014 to March 2020 and brings over 40 years of real estate experience, currently leading M/I Homes, Inc. (NYSE: MHO) as Chairman and CEO. His familiarity with the residential construction sector and previous tenure at IBP is expected to contribute positively to the company’s strategic direction.
Installed Building Products (NYSE: IBP) has received the National Preferred Partner Award from David Weekley Homes for the second consecutive year. This award honors partners excelling in quality and customer service, with only 12 companies earning this distinction out of 138 evaluated. The award reflects IBP's commitment to high standards and customer satisfaction, particularly in navigating challenges like supply chain disruptions during the pandemic. The company plays a critical role in supporting home builders in delivering exceptional service.
The NACD North Texas Chapter announced new officers and board members for the 2022-2023 term, effective July 1, 2022. Margot Carter, president of Living Mountain Capital, assumes the role of board chair, leading a team including Ray Hemmig as vice chair, Todd Murray as secretary, and Bill Buechele as treasurer. New board members include notable leaders such as Beth Garvey, CEO of BGSF, and Shane Goodwin, finance professor at Southern Methodist University. The board aims to enhance governance practices and elevate board performance in the Dallas-Fort Worth area.
Installed Building Products, Inc. (NYSE: IBP), a leader in insulation installation, will participate in two investor conferences. On June 1, 2022, management, including Jason Niswonger and Darren Hicks, will attend the KeyBanc Capital Markets Industrial & Basic Materials Conference in Boston, MA. On June 2, 2022, CFO Michael Miller and others will join the Loop Capital Markets 2022 Investor Conference in New York, NY. The Company specializes in installing insulation and complementary products across the U.S. from over 210 locations.
FAQ
What is the current stock price of INSTALLED BUILDING PRODUCTS (IBP)?
What is the market cap of INSTALLED BUILDING PRODUCTS (IBP)?
What is Installed Building Products, Inc.?
Where is Installed Building Products, Inc. headquartered?
What types of products does IBP install?
How many locations does Installed Building Products, Inc. have?
What are the main segments of IBP’s operations?
What types of insulation does IBP offer?
How does IBP maintain its customer relationships?
What markets does IBP serve?
What recent achievements has IBP accomplished?
How does IBP ensure hassle-free project outcomes?
