Installed Building Products Reports Record Results for Fourth Quarter and Fiscal Year 2018
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Installed Building Products (IBP) Tops Q4 EPS by 8c, Revenue Beat
February 28, 2019 7:17 AM ESTInstalled Building Products (NYSE: IBP) reported Q4 EPS of $0.72, $0.08 better than the analyst estimate of $0.64. Revenue for the quarter came in at $353.1 million versus the consensus estimate of $346.46 million.
Net revenue increased 17.8% to a record $353.1 millionNet income increased 52.6% to a record $16.5 millionAdjusted EBITDA* increased 20.5% to $43.6 millionNet income per diluted share increased 58.8% to $0.54 per diluted shareAdjusted net income per diluted share increased 38.5% to $0.72 per diluted share*In October 2018, acquired Advanced Fiber Technology, a manufacturer of cellulose insulation and industrial fibers in Bucyrus, Ohio with annual revenues of approximately... More