Installed Building Products Reports Record Results for Fourth Quarter and Fiscal Year 2019
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- Wall St tumbles on tech selloff as concerns about hawkish Fed, AI spending mount
- Chip stocks plunge, but bargain-hunters stem losses in other tech names
- Oil drops $1 as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Trump announces nuclear deal with Iran, lifts Hormuz blockade
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- 'Equal and opposite': BTIG's Krinsky sees sharp reversal ahead for chip stocks
Installed Building Products (IBP) Tops Q4 EPS by 5c, Revenues Beat
February 27, 2020 7:15 AM ESTInstalled Building Products (NYSE: IBP) reported Q4 EPS of $0.92, $0.05 better than the analyst estimate of $0.87. Revenue for the quarter came in at $401.2 million versus the consensus estimate of $395.4 million.
Fourth Quarter 2019 Highlights (Comparisons are to Prior Year Period)
Net revenue increased 13.6% to a quarterly record of $401.2 millionLarge commercial construction revenue increased 10.2%Net income increased 16.5% to a record $19.2 millionAdjusted EBITDA* increased 27.5% to a fourth quarter record of $55.6 millionNet income per diluted share increased 18.5% to $0.64Adjusted net income per diluted share* increased 27.8% to $0.92In November 2019,... More