Installed Building Products (IBP) Misses Q1 EPS by 15c, Beats on Revenue
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Installed Building Products Reports First Quarter 2025 Results; Declares Regular Quarterly Cash Dividend
May 8, 2025 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, 2025.
First Quarter 2025 Highlights (Comparisons are to Prior Year Period)
Net revenue decreased 1.2% to $684.8 million Installation revenue decreased 1.3% to $647.2 million, including sales from IBP's recent acquisitions Other revenue, net of eliminations, which includes IBPs manufacturing and distribution operations, increased to $37.6 million from $37.0 million Net income decreased to $45.4... More