Installed Building Products (IBP) Misses Q3 EPS by 7c
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Installed Building Products Reports Record Revenue for Third Quarter 2018 and Expands Stock Repurchase Program by $100.0 Million
November 1, 2018 7:00 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, announced today results for the third quarter ended September 30, 2018.
Third Quarter 2018 Highlights
Net revenue increased 18.2% to a record $349.0 million Net income increased 29.6% to $15.6 million Adjusted EBITDA* increased 11.2% to $43.8 million Net income per diluted share increased 31.6% to $0.50 Adjusted net income per diluted share* increased 26.3% to $0.72 Purchased 381 thousand shares of common stock... More