Installed Building Products (IBP) Declares $0.315 Quarterly Dividend; 1.6% Yield

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Installed Building Products Reports Record Quarterly Results for the Third Quarter 2022 and Declares Regular Quarterly Cash Dividend

November 3, 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 third quarter ended September 30, 2022.

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

Net revenue increased 41.1% to a quarterly record of $719.1 million Installation revenue increased 33.5% to $672.9 million, driven by strong growth across IBPs residential new construction markets Other revenue, which includes IBPs manufacturing and distribution operations, increased from $5.6 million to $46.2 million, driven by strong operating... More