Installed Building Products (IBP) Tops Q4 EPS by 4c
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Installed Building Products Reports Record Results for Fourth Quarter and Full Year 2016
February 27, 2017 7:00 AM EST- Record Annual Revenues and Earnings
- Acquisitions Contributed $97 Million to Annual Revenues
- Management Optimistic 2017 Will Be Another Strong Year
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 fourth quarter and full year ended December 31, 2016.
Fourth Quarter 2016 Highlights
Net revenue increased 22.2% to $234 million Net income increased 19.3% to $11 million Adjusted EBITDA* increased 26.9% to $30 million... More