Installed Building Products Reports Record Third Quarter 2019 Results
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Installed Building Products (IBP) Tops Q3 EPS by 11c, Revenue sBeat
November 1, 2019 7:08 AM EDTInstalled Building Products (NYSE: IBP) reported Q3 EPS of $0.99, $0.11 better than the analyst estimate of $0.88. Revenue for the quarter came in at $396.4 million versus the consensus estimate of $385.04 million.
Third Quarter 2019 Highlights (Comparisons are to Prior Year Period)
Net revenue increased 13.6% to a record $396.4 millionRevenue from residential non-insulation products increased 14.3%Alphas large commercial construction revenue increased 19.4%Net income increased 36.3% to a record $21.2 millionAdjusted EBITDA* increased 27.8% to a record $55.9 millionNet income per diluted share increased 42.0% to a record $0.71Adjusted net income per diluted share* increased... More