Installed Building Products (IBP) Tops Q1 EPS by 42c
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Installed Building Products Reports Record First Quarter 2022 Results and Declares Regular Quarterly Cash Dividend
May 5, 2022 7:30 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, today announced results for the first quarter ended March 31, 2022.
First Quarter 2022 Highlights (Comparisons are to Prior Year Period)
Net revenue increased 34.4% to a quarterly record $587.5 million Installation revenue increased 30.0% to $561.6 million, driven by strong growth across IBPs residential new construction, repair and remodel, and commercial markets Other revenue, which includes IBPs manufacturing and distribution operations, increased from $5.3 million to $26.7... More