Installed Building Products (IBP) Misses Q4 EPS by 8c, Miss on Revenues
Note: EPS may not be comparable
Installed Building Products (NYSE: IBP) reported Q4 EPS of $0.52, $0.08 worse than the analyst estimate of $0.60. Revenue for the quarter came in at $299.9 million versus the consensus estimate of $301.54 million.
Fourth Quarter 2017 Highlights
- Net revenue increased 28.2% to $299.9 million
- Net income was $10.8 million
- Adjusted EBITDA* increased 21.5% to $36.2 million
- Net income per diluted share was $0.34
- Adjusted net income per diluted share* increased 18.2% to $0.52
- In October 2017, acquired A+ Insulation, LLC, an insulation installer in Kansas City with annual revenues of $3.8 million
- In October 2017, acquired Building Solutions, LLC, an insulation installer in Oklahoma with annual revenues of approximately $2.0 million
- In December 2017, acquired Blind Ambitions, LLC, an installer of window blinds, shades and shutters in multiple locations throughout the Southeast with trailing-twelve month revenue of $9.4 million
- In December 2017, acquired Allpro Insulation Co, an insulation installer in Raleigh with trailing-twelve month revenue of $2.8 million
For earnings history and earnings-related data on Installed Building Products (IBP) click here.
