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Installed Bldg Prods Inc - IBP STOCK NEWS

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Overview of Installed Building Products Inc (IBP)

Installed Building Products Inc (IBP), headquartered in Columbus, Ohio, is a prominent player in the U.S. construction and building materials industry. The company specializes in the installation of insulation and a wide range of complementary building products for residential, multifamily, and commercial construction projects. With over 125 locations across the United States, IBP has established itself as a key partner for builders and contractors, offering both expertise and operational efficiency.

Core Business and Product Offerings

IBP's primary business revolves around the installation of various insulation types, including fiberglass, spray foam, and cellulose, making it the second-largest insulation installer in the U.S. residential new construction market. Beyond insulation, the company provides a diverse portfolio of building products that cater to new construction and renovation projects. These products include:

  • Garage doors
  • Siding
  • Rain gutters
  • Shower doors
  • Mirrors
  • Bath hardware
  • Closets and shelving
  • Door locksets
  • Fireplaces

By offering a comprehensive range of products, IBP positions itself as a one-stop solution for builders, streamlining project timelines and reducing the complexity of coordinating multiple vendors.

Business Model and Revenue Streams

IBP operates through three primary segments: Installation, Manufacturing, and Distribution. The Installation segment accounts for the majority of the company's revenue, driven by its extensive network of skilled installers and strong relationships with builders. The Manufacturing segment supports the company's operations by producing certain materials in-house, while the Distribution segment ensures a steady supply of high-quality products. This integrated business model enhances IBP's ability to control costs, maintain quality, and deliver consistent service to its clients.

Market Position and Competitive Advantages

IBP's significant market presence is underpinned by its extensive geographic footprint and longstanding relationships with leading builders across the United States. The company's commitment to integrity, local expertise, and adherence to building codes has earned it a reputation for reliability and quality. Additionally, IBP's ability to offer a diverse product portfolio sets it apart from competitors, enabling it to capture a larger share of construction budgets and build deeper client relationships.

Industry Context and Challenges

IBP operates within the highly competitive construction and building materials industry, which is influenced by economic cycles, housing market trends, and regulatory requirements. The company faces competition from both national and regional installers, as well as manufacturers of building materials. However, IBP's focus on operational excellence, comprehensive training programs, and strong supplier relationships allows it to navigate these challenges effectively.

Commitment to Quality and Customer Satisfaction

A cornerstone of IBP's success is its dedication to providing hassle-free, high-quality service at the local level. The company's comprehensive training programs ensure that its installers are well-versed in local building codes and industry best practices. This commitment to quality and customer satisfaction has helped IBP maintain a loyal client base and secure repeat business.

Conclusion

Installed Building Products Inc is a key player in the U.S. construction industry, offering specialized installation services and a diverse range of building products. With its strong market position, integrated business model, and focus on customer satisfaction, IBP continues to be a trusted partner for builders and contractors nationwide.

Rhea-AI Summary

Installed Building Products, Inc. (NYSE: IBP) has announced the acquisition of Pisgah Insulation and Fireplaces of NC, LLC, which is expected to add approximately $8.5 million in annual revenue. Located in Mills River, North Carolina, Pisgah specializes in spray foam insulation and fireplaces for new residential homes in the Asheville market. This acquisition aligns with IBP's growth strategy, enhancing its presence in North Carolina and contributing to its expansion across various markets.

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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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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.

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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.

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Installed Building Products, Inc. (NYSE: IBP) announced that during its third year, the Installed Building Products Foundation donated $1.3 million in 2021 to 29 nonprofit organizations across the United States. Since its inception, total donations have reached $4.6 million. Key beneficiaries include local organizations in Ohio and other states such as Texas and California, focusing on home-building and renovation services for those in need. IBP Foundation President Kelly Clifford Riehl emphasized commitment to community support amid ongoing challenges.

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Installed Building Products, Inc. (NYSE: IBP) has successfully closed a new 7-year Term Loan amounting to $500 million, set to mature on December 13, 2028. The loan, rated BB+ by S&P and Ba2 by Moody's, features a pricing of LIBOR plus 225 basis points. Proceeds will refinance a previous $200 million Term Loan B and support acquisitions and growth initiatives. Moody's upgraded IBP’s Corporate Family Rating to Ba2, reflecting improved financial stability. Royal Bank of Canada is the Term Administrative Agent for this facility.

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Installed Building Products (IBP) has announced its acquisition of AMD Distribution, Inc. for an estimated $71 million in annual revenue. AMD, based in Spring Valley, Minnesota, operates eight locations and specializes in insulation products for various markets. This acquisition is projected to enhance IBP's revenue diversification, geographic reach, and supply chain efficiency. With this deal, IBP has significantly exceeded its acquisition revenue target for 2021, reflecting a robust pipeline for future growth.

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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.

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Installed Building Products, Inc. (NYSE: IBP) will participate in two upcoming investor conferences. On November 29, 2021, Jeffrey Hire and Jason Niswonger will attend the Stephens Annual Investment Conference virtually. Following this, on December 7, 2021, Michael Miller, Jeffrey Hire, and Jason Niswonger will join the Truist Securities Industrials & Services Summit virtually. IBP is a leading installer of insulation and building products, managing over 190 branch locations across the U.S.

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FAQ

What is the current stock price of Installed Bldg Prods (IBP)?

The current stock price of Installed Bldg Prods (IBP) is $162.22 as of March 3, 2025.

What is the market cap of Installed Bldg Prods (IBP)?

The market cap of Installed Bldg Prods (IBP) is approximately 4.7B.

What does Installed Building Products Inc specialize in?

IBP specializes in the installation of insulation and a wide range of complementary building products, including garage doors, siding, and fireplaces.

What are IBP's main revenue streams?

IBP generates most of its revenue from its Installation segment, supported by Manufacturing and Distribution operations.

What types of insulation does IBP install?

IBP installs fiberglass insulation, spray foam insulation, and cellulose insulation for residential, multifamily, and commercial projects.

How does IBP differentiate itself from competitors?

IBP differentiates itself through its extensive geographic footprint, comprehensive product portfolio, and strong relationships with leading builders.

What markets does IBP serve?

IBP serves the residential, multifamily, and commercial construction markets across the United States.

Where is IBP headquartered?

IBP is headquartered in Columbus, Ohio, and operates over 125 locations across the United States.

What additional products does IBP install besides insulation?

In addition to insulation, IBP installs garage doors, siding, rain gutters, shower doors, mirrors, bath hardware, closets, shelving, door locksets, and fireplaces.

What is IBP's approach to customer satisfaction?

IBP focuses on providing high-quality, hassle-free service through comprehensive training, local expertise, and strong supplier relationships.

What industries does IBP operate in?

IBP operates in the construction and building materials industries, focusing on residential, multifamily, and commercial projects.

How does IBP ensure quality in its installations?

IBP ensures quality through comprehensive training programs, adherence to local building codes, and strong manufacturer relationships.
Installed Bldg Prods Inc

NYSE:IBP

IBP Rankings

IBP Stock Data

4.74B
23.46M
16.71%
95.1%
4.88%
Residential Construction
General Bldg Contractors - Residential Bldgs
Link
United States
COLUMBUS