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Installed Building Products (IBP)
NYSE:IBP
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$2.86Last Year’s EPS
$2.72Same Quarter Last Year
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -21.68%
|Next Earnings Date:Feb 19, 2025
Earnings Call Sentiment|Positive
IBP's earnings call highlighted robust revenue and profitability growth, driven by strategic acquisitions and strong performance in single-family and multifamily sales. However, challenges such as margin pressures from product mix, operational disruptions due to hurricanes, and increased administrative costs were noted. Despite these challenges, the company's strong cash flow and low leverage position reinforce a positive outlook.Company Guidance
During the Installed Building Products (IBP) third quarter 2024 earnings call, the management provided guidance highlighting several key metrics. IBP achieved a record quarterly revenue of $761 million, reflecting an 8% increase compared to the previous year. Same-branch sales grew by approximately 5%, with notable strength in the single-family and commercial end markets. The company reported an adjusted gross margin of 33.8% and an all-time record adjusted EBITDA of $132 million, representing an EBITDA margin of 17.4%. Additionally, IBP completed acquisitions contributing over $73 million in annual revenue, with plans for further acquisitions by year-end. The company maintained a net debt to trailing 12-month adjusted EBITDA leverage ratio of 0.94x, well below their target of 2x. Despite multifamily sales growth slowing, IBP remained focused on geographic expansion and service diversification to drive future growth. The management anticipated a strong acquisition pipeline for 2025 and highlighted the impact of environmental regulations on long-term demand. The call also discussed the influence of external factors like hurricanes and spray foam pricing on quarterly margins.Record-Breaking Revenue and Profitability
IBP delivered record third quarter revenue of $761 million, an 8% increase from the previous year, with strong profitability supported by organic growth across all end markets.
Strong Acquisition Strategy
IBP completed acquisitions worth over $73 million in annual revenue, including an Illinois-based installer and a specialty distributor, with expectations for more deals before year-end.
Growth in Single-Family and Multifamily Sales
Consolidated sales grew nearly 8%, with single-family sales supported by national production builders and multifamily sales showing resilience with over 2% growth.
Record Adjusted EBITDA
Adjusted EBITDA reached an all-time record of $132 million, reflecting a margin of 17.4%.
Solid Cash Flow and Low Leverage
IBP generated $265 million in cash flow from operations, with a net debt to trailing 12-month adjusted EBITDA leverage ratio of 0.94x.
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IBP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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IBP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $227.30 | $216.90 | -4.58% |
| Aug 01, 2024 | $269.44 | $235.10 | -12.74% |
| May 09, 2024 | $230.86 | $235.61 | +2.06% |
| Feb 22, 2024 | $199.93 | $220.16 | +10.12% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Installed Building Products (IBP) report earnings?
Installed Building Products (IBP) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Installed Building Products (IBP) earnings time?
Installed Building Products (IBP) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is IBP EPS forecast?
IBP EPS forecast for the fiscal quarter 2024 (Q4) is $2.86.
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