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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.
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.
Installed Building Products (IBP) has acquired Statewide Insulation, Inc., operating as Tri-County Insulation and Acoustical Contractors, for an estimated
Installed Building Products (IBP) reported record Q1 2022 results, with net revenue rising 34.4% to $587.5 million. Installation revenue climbed 30.0% to $561.6 million, driven by growth in residential and commercial markets. Net income surged 95.6% to $33.8 million, with adjusted EBITDA up 54.5% to $84.2 million. The company declared a dividend of $0.315 per share for the second quarter, reflecting a 5% increase. IBP maintains a strong cash position with $267.4 million available, and plans to acquire additional revenue-generating firms, anticipating continued growth in 2022.
Installed Building Products (NYSE: IBP) has announced its management's participation in key investor conferences. On May 10, 2022, Michael Miller (CFO), Jeffrey Hire (President of External Affairs), and Darren Hicks (Director of Investor Relations) will attend the BTIG Housing Ecosystem Conference in New York, NY. Following this, from May 11-13, 2022, Jason Niswonger (Chief Admin and Sustainability Officer), Jeffrey Hire, and Darren Hicks will be present at the Goldman Sachs Leveraged Finance and Credit Conference in Rancho Palos Verdes, CA.
Installed Building Products, Inc. (NYSE: IBP) will release its first quarter 2022 financial results on May 5, 2022. A webcast and conference call will follow at 10:00 a.m. (Eastern Time) to discuss the results. The company is a leading installer of insulation and building products across the United States, managing all installation processes through over 210 branch locations. Their services cater to both residential and commercial projects, ensuring quality materials and timely delivery to job sites.
Installed Building Products (NYSE: IBP) has announced its investment in Energi.ai, becoming the first U.S. client to implement the AI-driven platform aimed at reducing greenhouse gas emissions. The platform analyzes energy usage and emissions data to provide actionable insights for sustainability. Energi.ai, co-founded by experts in renewable energy, has a goal of enabling 10 million carbon-negative businesses by 2030. IBP's commitment underlines its strategy to enhance its environmental impact and align with evolving regulations.
Installed Building Products (IBP) has acquired Central Aluminum Supply Corporation, enhancing its revenue by approximately $45 million annually. This acquisition aligns with IBP's growth strategy, following an earlier acquisition in 2022 that added $54 million in revenue. CEO Jeff Edwards emphasized the importance of providing exceptional service while expanding market presence. The company operates over 210 branch locations across the United States, catering to residential and commercial markets.
Installed Building Products, Inc. (NYSE: IBP) has announced the acquisition of Pisgah Insulation and Fireplaces of NC, LLC, which is expected to add approximately
Installed Building Products (IBP) reported record results for Q4 and the fiscal year ended December 31, 2021. Net revenue increased by 20.9% to $533.7 million, with net income rising 5.5% to $29.4 million. Adjusted EBITDA increased 11.5% to $74.8 million. The Board declared a $0.315 per share quarterly dividend and a $0.90 annual variable dividend. Supply chain disruptions impacted profits by $1.8 million. In 2021, IBP completed 12 acquisitions, significantly exceeding their target.
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