Installed Building Products (IBP) Declares $0.35 Quarterly Dividend; 0.6% Yield

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Go back to Installed Building Products (IBP) Declares $0.35 Quarterly Dividend; 0.6% Yield

Installed Building Products Reports First Quarter 2024 Results; Declares Regular Quarterly Cash Dividend

May 9, 2024 7:30 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 first quarter ended March 31, 2024.

First Quarter 2024 Highlights (Comparisons are to Prior Year Period)

Net revenue increased 5.1% to $692.9 million Installation revenue increased 5.3% to $655.9 million, as single-family and multi-family sales growth combined with sales from IBP's recent acquisitions Other revenue, which includes IBPs manufacturing and distribution operations, increased to $37.0 million from $36.6 million Net income... More