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 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.
Installed Building Products, Inc. (IBP) has amended its asset-based lending credit facility, increasing borrowing capacity to $250 million and extending the maturity date to February 17, 2027. This replaces the prior $200 million facility, which was undrawn and maturing on September 26, 2024. The new facility allows for reduced fees linked to sustainability performance. The Administrative Agent for this facility is Bank of America, with additional syndication support from KeyBank and US Bank.
Installed Building Products, Inc. (NYSE: IBP) will release its fourth quarter 2021 financial results on February 24, 2022. A conference call and webcast will follow at 10:00 a.m. (Eastern Time) to discuss the results.
Stakeholders can access the live webcast through the Company's website, with a playback option available until March 24, 2022.
Installed Building Products is a prominent insulation installer in the U.S., providing a range of complementary building products, and operates over 210 branch locations nationwide.
Installed Building Products, Inc. (NYSE: IBP) announced that during its third year, the Installed Building Products Foundation donated
Installed Building Products, Inc. (NYSE: IBP) has successfully closed a new 7-year Term Loan amounting to
Installed Building Products (IBP) has announced its acquisition of AMD Distribution, Inc. for an estimated
Installed Building Products, Inc. (NYSE: IBP) plans to raise a new $500 million Term Loan due 2028 to refinance its existing $200 million Term Loan B due April 2025. The funds will also support acquisitions and general corporate purposes. The loan terms will be revealed post-transaction completion, expected by December 2021. The company manages insulation and related building product installations across the U.S., operating over 190 branches. Forward-looking statements highlight potential risks related to market conditions and the economy.