Installed Building Products (IBP) Misses Q3 EPS by 7c

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Go back to Installed Building Products (IBP) Misses Q3 EPS by 7c

Installed Building Products Reports Record Results for Third Quarter 2016

November 3, 2016 6:30 AM EDT

COLUMBUS, Ohio--(BUSINESS WIRE)-- Installed Building Products, Inc. (the "Company" or "IBP") (NYSE: IBP), an industry-leading installer of insulation and complementary building products, today announced record results for the third quarter ended September 30, 2016.

Third Quarter 2016 Highlights

Net revenue increased 24.1% to $225.4 million Net income increased 21.8% to $11.5 million Adjusted EBITDA increased 31.6% to $29.5 million Net income per diluted share increased 23.3% to $0.37 Adjusted net income per diluted share increased 18.8% to $0.38 In July 2016, acquired... More