Installed Building Products (IBP) Misses Q1 EPS by 12c
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Installed Building Products Reports Record First Quarter 2021 Results
May 7, 2021 7:30 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, 2021.
First Quarter 2021 Highlights (Comparisons are to Prior Year Period)
Net revenue increased 10.0% to a first quarter record of $437.1 million Net income increased 8.1% to $17.3 million Adjusted EBITDA* increased 10.8% to $54.5 million Net cash provided by operating activities increased 4.8% to $37.6 million Net income per diluted share increased 9.4% to $0.58 Adjusted net income per diluted share*... More