Installed Building Products (IBP) Misses Q4 EPS by 5c

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Go back to Installed Building Products (IBP) Misses Q4 EPS by 5c

Installed Building Products Reports Results for First Quarter 2015

May 12, 2015 7:00 AM EDT

Increased Net Revenue 23% to $129.9 Million in First Quarter 2015

Improved Adjusted EBITDA 79% to $7.6 Million in First Quarter 2015

Operating Income More Than Doubled to $3.0 Million in First Quarter 2015

COLUMBUS, Ohio--(BUSINESS WIRE)-- Installed Building Products, Inc. (the Company or IBP) (NYSE: IBP), an industry-leading installer of insulation and complementary building products, announced today results for the first quarter ended March 31, 2015.

First Quarter 2015 Highlights

Net revenue increased 22.7% to $129.9 million compared to first quarter 2014; same branch sales increased 14.0% attributable to higher volume, price gains, and a more favorable customer and... More