Installed Building Products (IBP) Misses Q2 EPS by 3c
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Installed Building Products Reports Results for Second Quarter 2016
August 5, 2016 7:00 AM EDTCOLUMBUS, 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 second quarter ended June 30, 2016.
Second Quarter 2016 Highlights
Net revenue increased 32.7% to $211.9 million Net income increased 53.6% to 10.0 million Adjusted EBITDA increased 48.3% to $26.2 million Net income per diluted share increased 52.4% to $0.32 Adjusted net income per diluted share increased 47.8% to $0.34 In April, 2016, acquired Alpine Insulation based in Sheboygan,... More