Installed Building Products (IBP) Declares $0.33 Quarterly Dividend; 1.1% Yield
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Installed Building Products Reports Third Quarter 2023 Results; Declares Regular Quarterly Cash Dividend
November 8, 2023 7:30 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, today announced results for the third quarter ended September 30, 2023.
Third Quarter 2023 Highlights (Comparisons are to Prior Year Period)
Net revenue decreased 1.8% to $706.5 million Installation revenue decreased 1.7% to $661.2 million, as softer single-family sales were partially offset by multi-family and commercial sales growth, including incremental sales from IBP's recent acquisitions Other revenue, which includes IBPs manufacturing and distribution operations, decreased slightly to $45.3... More