Installed Building Products Reports Record Results for Fourth Quarter and Fiscal Year 2019
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Installed Building Products (IBP) Tops Q4 EPS by 5c, Revenues Beat
February 27, 2020 7:15 AM ESTInstalled Building Products (NYSE: IBP) reported Q4 EPS of $0.92, $0.05 better than the analyst estimate of $0.87. Revenue for the quarter came in at $401.2 million versus the consensus estimate of $395.4 million.
Fourth Quarter 2019 Highlights (Comparisons are to Prior Year Period)
Net revenue increased 13.6% to a quarterly record of $401.2 millionLarge commercial construction revenue increased 10.2%Net income increased 16.5% to a record $19.2 millionAdjusted EBITDA* increased 27.5% to a fourth quarter record of $55.6 millionNet income per diluted share increased 18.5% to $0.64Adjusted net income per diluted share* increased 27.8% to $0.92In November 2019,... More