Installed Building Products (IBP) Misses Q3 EPS by 6c, Slight Beat on Revenues

Installed Building Products (NYSE: IBP) reported Q3 EPS of $0.57, $0.06 worse than the analyst estimate of $0.63. Revenue for the quarter came in at $295.2 million versus the consensus estimate of $294.31 million.

Third Quarter 2017 Highlights

• Net revenue increased 31.0% to $295.2 million
• Net income increased 4.0% to $12.0 million
• Adjusted EBITDA* increased 33.2% to $39.3 million
• Net income per diluted share increased 3.0% to $0.38
• Adjusted net income per diluted share* increased 29.5% to $0.57
• In July 2017, acquired Energy Savers an insulation installer in Kentucky and annual revenues of $2.0 million
• In September 2017, acquired Red Rock Insulation, an insulation installer with locations in Nevada and Utah and annual revenues of $6.0 million
• In September 2017, acquired Astro Insulation, an insulation installer with locations in Illinois and annual revenues of $7.0 million
• In September 2017, acquired Protective Coating, an installer of level rock floors in Wisconsin with $1.5 million in annual revenues

For earnings history and earnings-related data on Installed Building Products (IBP) click here.

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