Installed Building Products (IBP) Tops Q2 EPS by 54c

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Go back to Installed Building Products (IBP) Tops Q2 EPS by 54c

Installed Building Products Reports Record Second Quarter 2022 Results and Declares Regular Quarterly Cash Dividend

August 4, 2022 7:00 AM EDT

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, 2022.

Second Quarter 2022 Highlights (Comparisons are to Prior Year Period)

Net revenue increased 38.7% to a quarterly record of $676.7 million Installation revenue increased 32.1% to $638.0 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 $5.6 million... More