Installed Building Products (IBP) Tops Q3 EPS by 11c, Revenue sBeat
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Installed Building Products Reports Record Third Quarter 2019 Results
November 1, 2019 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 third quarter ended September 30, 2019.
Third Quarter 2019 Highlights (Comparisons are to Prior Year Period)
Net revenue increased 13.6% to a record $396.4 million Revenue from residential non-insulation products increased 14.3% Alphas large commercial construction revenue increased 19.4% Net income increased 36.3% to a record $21.2 million Adjusted EBITDA* increased 27.8% to a record $55.9 million Net income per diluted share increased 42.0% to a... More