Installed Building Products (IBP) Tops Q1 EPS by 16c, Revenues Beat
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Installed Building Products Reports Record Results for First Quarter 2020
May 8, 2020 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, today announced results for the first quarter ended March 31, 2020.
First Quarter 2020 Highlights (Comparisons are to Prior Year Period)
Net revenue increased 16.1% to a first quarter record of $397.3 million Net income increased 81.0% to $16.0 million Adjusted EBITDA* increased 37.9% to $49.2 million Net cash provided by operating activities increased 126.0% to $35.9 million Net income per diluted share increased 76.7% to $0.53 Adjusted net income per diluted... More