Installed Building Products Reports Results for Second Quarter 2018
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Installed Building Products (IBP) PT Raised to $71 at RBC Capital
August 3, 2018 7:50 AM EDTRBC Capital raised its price target on Installed Building Products (NYSE: IBP) to $71.00 (from $66.00) while maintaining a Outperform rating.
... MoreInstalled Building Products (IBP) Misses Q2 EPS by 3c, Revenues Miss
August 2, 2018 7:25 AM EDTInstalled Building Products (NYSE: IBP) reported Q2 EPS of $0.78, $0.03 worse than the analyst estimate of $0.81. Revenue for the quarter came in at $332.6 million versus the consensus estimate of $334.55 million.
Second Quarter 2018 Highlights
Net revenue increased 17.9% to a record $332.6 millionNet income increased 36.3% to a record $16.3 millionAdjusted EBITDA* increased 16.2% to a record $45.6 millionNet income per diluted share increased 36.8% to $0.52Adjusted net income per diluted share* increased 32.2% to $0.78In June 2018, successfully increased the size of its... More