Installed Building Products (IBP) Tops Q1 EPS by 10c

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Go back to Installed Building Products (IBP) Tops Q1 EPS by 10c

Installed Building Products Reports Results for First Quarter 2016

May 5, 2016 7:01 AM EDT

Net Revenue Increased 47.5% to $191.7 Million

Adjusted EBITDA Increased 154.8% to $19.3 Million

Operating Income Increased 254.0% to $10.6 Million

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, 2016.

First Quarter 2016 Highlights

Net revenue increased 47.5% to $191.7 million Adjusted EBITDA increased 154.8% to $19.3 million Operating income improved 254.0% to $10.6 million... More