Installed Building Products (IBP) Tops Q2 EPS by 37c
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Installed Building Products Reports Record Second Quarter 2020 Results
August 6, 2020 7:00 AM EDTÂ
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 results for the second quarter ended June 30, 2020.
Second Quarter 2020 Highlights (Comparisons are to Prior Year Period)
Net revenue increased 6.0% to a second quarter record of $393.9 million, despite reduced volume associated with branches temporarily closed during the quarter Residential sales increased 5.6% Large commercial sales increased 7.5% Net income increased 33.9% to a record $25.3 million Adjusted EBITDA* increased 27.1% to a record $63.1... More