Installed Building Products (IBP) Tops Q3 EPS by 3c
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Installed Building Products Reports Record Third Quarter 2020 Results
November 5, 2020 7:00 AM ESTCOLUMBUS, 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, 2020.
Third Quarter 2020 Highlights (Comparisons are to Prior Year Period)
Net revenue increased 6.1% to a record $420.5 million Residential sales increased 6.2% Large commercial sales increased 2.0% Net income increased 32.4% to a record $28.1 million Adjusted EBITDA* increased 18.4% to a record $66.2 million Net income per diluted share increased 33.8% to $0.95 Adjusted net income per diluted share* increased... More