Installed Building Products (IBP) Misses Q4 EPS by 10c
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Installed Building Products Reports Record Fourth Quarter and Fiscal Year Results
February 24, 2022 7:00 AM ESTIBPs Board of Directors Declares Regular $0.315 Per Share Quarterly Dividend, and $0.90 Per Share Annual Variable Dividend
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 record results for the fourth quarter and fiscal year ended December 31, 2021.
Fourth Quarter 2021 Highlights (Comparisons are to Prior Year Period)
Net revenue increased 20.9% to a record $533.7 million Net income increased 5.5% to $29.4 million Adjusted EBITDA* increased 11.5% to $74.8 million Net income... More