Installed Building Products, Inc., together with its subsidiaries, engages in the installation of insulation, waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors, and other products in the continental United States. It offers a range of insulation materials, such as fiberglass and cellulose, and spray foam insulation materials. The company is also involved in the installation of insulation and sealant materials in various areas of a structure, which includes basement and crawl space, building envelope, attic, and acoustical applications. In addition, it installs a range of advanced caulk and sealant products that control air infiltration in residential and commercial buildings, as well as moisture protection systems. It serves homebuilders, multi-family and commercial construction firms, individual homeowners, and repair and remodeling contractors through a network of approximately 190 branch locations. The company was formerly known as CCIB Holdco, Inc. Installed Building Products, Inc. was founded in 1977 and is headquartered in Columbus, Ohio.
IPO Year: 2014
Exchange: NYSE
Website: installedbuildingproducts.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/16/2024 | $238.00 → $206.00 | Outperform → Underperform | Evercore ISI |
| 12/13/2024 | Buy → Neutral | Seaport Research Partners | |
| 11/8/2024 | $203.00 → $197.00 | Sector Perform → Underperform | RBC Capital Mkts |
| 3/5/2024 | $275.00 | Buy | DA Davidson |
| 2/28/2024 | $199.00 → $242.00 | Overweight → Neutral | JP Morgan |
| 1/8/2024 | Hold → Buy | Loop Capital | |
| 1/4/2024 | $160.00 → $200.00 | Buy → Hold | Truist |
| 12/14/2023 | $165.00 → $199.00 | Neutral → Overweight | JP Morgan |
| 11/16/2023 | $146.00 → $178.00 | Neutral → Buy | Goldman |
| 11/9/2023 | $150.00 → $165.00 | In-line → Outperform | Evercore ISI |
Installed Building Products, Inc. (the "Company" or "IBP") (NYSE:IBP), an industry-leading installer of insulation and complimentary building products, today announced that Jay P. Elliott has notified the Company of his decision to retire as Chief Operating Officer, effective December 31, 2023. Following his retirement, Mr. Elliott is expected to serve in an advisory role to the Company on business strategy and development. The Board of Directors of the Company has named Brad A. Wheeler, currently serving as Regional President of the Company, to replace Mr. Elliott as Chief Operating Officer, effective January 1, 2024, to provide sufficient time for transition of Mr. Elliott's responsibil
Installed Building Products, Inc. (the "Company" or "IBP") (NYSE:IBP), an industry-leading installer of insulation and complementary building products, today announced that Robert H. Schottenstein has been appointed as an independent director to the Company's Board of Directors. Mr. Schottenstein previously served on the Board from April 2014 to March 2020. With this appointment, the Board now has nine members. "I am extremely pleased to welcome Bob back to our Board," stated Jeff Edwards, Chairman and Chief Executive Officer of IBP. "Bob brings a wealth of residential construction and corporate management experience at one of the leading publicly traded homebuilders, as well as a strong u
4 - Installed Building Products, Inc. (0001580905) (Issuer)
4 - Installed Building Products, Inc. (0001580905) (Issuer)
4 - Installed Building Products, Inc. (0001580905) (Issuer)
4 - Installed Building Products, Inc. (0001580905) (Issuer)
4 - Installed Building Products, Inc. (0001580905) (Issuer)
4 - Installed Building Products, Inc. (0001580905) (Issuer)
4 - Installed Building Products, Inc. (0001580905) (Issuer)
4 - Installed Building Products, Inc. (0001580905) (Issuer)
4 - Installed Building Products, Inc. (0001580905) (Issuer)
4 - Installed Building Products, Inc. (0001580905) (Issuer)
8-K - Installed Building Products, Inc. (0001580905) (Filer)
8-K - Installed Building Products, Inc. (0001580905) (Filer)
8-K - Installed Building Products, Inc. (0001580905) (Filer)
8-K - Installed Building Products, Inc. (0001580905) (Filer)
10-Q - Installed Building Products, Inc. (0001580905) (Filer)
8-K - Installed Building Products, Inc. (0001580905) (Filer)
8-K - Installed Building Products, Inc. (0001580905) (Filer)
10-Q - Installed Building Products, Inc. (0001580905) (Filer)
8-K - Installed Building Products, Inc. (0001580905) (Filer)
8-K - Installed Building Products, Inc. (0001580905) (Filer)
Evercore ISI downgraded Installed Building Products from Outperform to Underperform and set a new price target of $206.00 from $238.00 previously
Seaport Research Partners downgraded Installed Building Products from Buy to Neutral
RBC Capital Mkts downgraded Installed Building Products from Sector Perform to Underperform and set a new price target of $197.00 from $203.00 previously
DA Davidson initiated coverage of Installed Building Products with a rating of Buy and set a new price target of $275.00
JP Morgan downgraded Installed Building Products from Overweight to Neutral and set a new price target of $242.00 from $199.00 previously
Loop Capital upgraded Installed Building Products from Hold to Buy
Truist downgraded Installed Building Products from Buy to Hold and set a new price target of $200.00 from $160.00 previously
JP Morgan upgraded Installed Building Products from Neutral to Overweight and set a new price target of $199.00 from $165.00 previously
Goldman upgraded Installed Building Products from Neutral to Buy and set a new price target of $178.00 from $146.00 previously
Evercore ISI upgraded Installed Building Products from In-line to Outperform and set a new price target of $165.00 from $150.00 previously
Acquisition Adds Over $12 Million of Annual Revenue Installed Building Products, Inc. (the "Company" or "IBP") (NYSE:IBP), an industry-leading installer of insulation and complementary building products, today announced the acquisition of Capital Insulation, LLC and CBS & Mirror, LLC (collectively "Capital"). Capital is located in Houston, Texas and serves the single-family, multifamily, and commercial end markets. Capital focuses on installation opportunities in new construction projects and primarily installs fiberglass and spray foam insulation. "Capital adds over $12 million of annual revenue to our business, contributing to our existing presence in the greater Houston building prod
Acquisition Adds Over $17 Million of Annual Revenue Installed Building Products, Inc. (the "Company" or "IBP") (NYSE:IBP), an industry-leading installer of insulation and complementary building products, today announced the acquisition of Tatum Insulation III, LLC ("Tatum"). Tatum is headquartered just outside of Wilmington, North Carolina, and serves new residential and new commercial end markets throughout the state. Tatum installs multiple building products including fiberglass insulation, shower doors, shelving, mirrors, and other products installed in the interior of homes and buildings. "Tatum adds over $17 million of annual revenue to our business, giving us increased geographic
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 third quarter ended September 30, 2024. Third Quarter 2024 Highlights (Comparisons are to Prior Year Period) Net revenue increased 7.7% to an all-time record of $760.6 million Installation revenue increased 7.9% to $713.7 million, as growth across all end markets combined with sales from IBP's recent acquisitions Other revenue, net of eliminations, which includes IBP's manufacturing and distribution operations, increased to $46.9 million from $45.3 million Net income increased 0.9% to a third quarte
Installed Building Products, Inc. (the "Company") (NYSE:IBP), an industry-leading installer of insulation and complementary building products, announced today that the Company will release its third quarter 2024 financial results on November 7, 2024. A webcast and conference call will be held that same day at 10:00 a.m. (Eastern Time) to review the Company's results. Webcast: The conference call will be available on the investor relations section of the Company's website at www.installedbuildingproducts.com. To listen to a live webcast, go to the site at least 15 minutes prior to the scheduled start time to register, download and install any necessary audio software. To Participate in th
Acquisition Adds Over $22 Million of Annual Revenue Installed Building Products, Inc. (the "Company" or "IBP") (NYSE:IBP), an industry-leading installer of insulation and complementary building products, today announced the acquisition of Wholesale Insulation Supply, Inc. doing business as Insulation Supplies. Insulation Supplies was established in 1986 and is headquartered in New Hope, Minnesota, near Minneapolis. Insulation Supplies generates over $22 million of annual revenue throughout Minnesota and the upper Midwest. As a specialty distributor focused on residential and commercial end-markets, Insulation Supplies sells fiberglass insulation, spray foam insulation, cellulose insulatio
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 second quarter ended June 30, 2024. Second Quarter 2024 Highlights (Comparisons are to Prior Year Period) Net revenue increased 6.6% to $737.6 million Installation revenue increased 7.0% to $697.3 million, as single-family and multi-family sales growth combined with sales from IBP's recent acquisitions Other revenue, net of eliminations, which includes IBP's manufacturing and distribution operations, increased to $40.3 million from $40.2 million Net income increased 5.8% to a second quarter
Acquisition Adds Approximately $20 Million of Annual Revenue Installed Building Products, Inc. (the "Company" or "IBP") (NYSE:IBP), an industry-leading installer of insulation and complementary building products, today announced the acquisition of Euroview Enterprises, LLC, Contract Mirror and Supply Co., and CLM Solutions, LLC (collectively "Euroview"). Established in 1961, Euroview is headquartered in Elk Grove Village, Illinois, with an additional location in Burnsville, Minnesota. Euroview focuses on new single-family and multi-family construction projects throughout Illinois and Minnesota with a separate, smaller entity that focuses on commercial projects. Shower doors, shelving, and
Installed Building Products, Inc. (the "Company") (NYSE:IBP), an industry-leading installer of insulation and complementary building products, announced today that the Company will release its second quarter 2024 financial results on August 1, 2024. A webcast and conference call will be held that same day at 10:00 a.m. (Eastern Time) to review the Company's results. Webcast: The conference call will be available on the investor relations section of the Company's website at www.installedbuildingproducts.com. To listen to a live webcast, go to the site at least 15 minutes prior to the scheduled start time to register, download and install any necessary audio software. To Participate in
Two Acquisitions Add Approximately $14 Million of Annual Revenue IBP Repurchased $46 million of Common Stock in June Under Its Existing Repurchase Program Installed Building Products, Inc. (the "Company" or "IBP") (NYSE:IBP), an industry-leading installer of insulation and complementary building products, today announced the acquisition of Thrice Energy Solutions, LLC ("Thrice"). Located in Oklahoma City, Oklahoma, Thrice has a new residential and commercial end market presence throughout Oklahoma and Texas primarily installing fiberglass and spray foam insulation. On June 3, IBP completed the acquisition of Gutter Pro Enterprises, Inc. ("Gutter Pro"), a gutter installer based in Plym
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, 2024. First Quarter 2024 Highlights (Comparisons are to Prior Year Period) Net revenue increased 5.1% to $692.9 million Installation revenue increased 5.3% to $655.9 million, as single-family and multi-family sales growth combined with sales from IBP's recent acquisitions Other revenue, which includes IBP's manufacturing and distribution operations, increased to $37.0 million from $36.6 million Net income increased 13.4% to a first quarter record of $55.9 million
Acquisition Adds Over $12 Million of Annual Revenue Installed Building Products, Inc. (the "Company" or "IBP") (NYSE:IBP), an industry-leading installer of insulation and complementary building products, today announced the acquisition of Capital Insulation, LLC and CBS & Mirror, LLC (collectively "Capital"). Capital is located in Houston, Texas and serves the single-family, multifamily, and commercial end markets. Capital focuses on installation opportunities in new construction projects and primarily installs fiberglass and spray foam insulation. "Capital adds over $12 million of annual revenue to our business, contributing to our existing presence in the greater Houston building prod
Installed Building Products, Inc. (the "Company") (NYSE:IBP), an industry-leading installer of insulation and complementary building products, today announced that the Company successfully repriced its $500 million term loan (the "Term Loan"). Also, during the month of November, IBP repurchased 250 thousand shares of its common stock at a total cost of approximately $52 million, including commissions. To date in 2024, the Company has repurchased 565 thousand shares for $118 million with approximately $182 million remaining under the current authorization, expiring March 1, 2025. The Term Loan maturity date of March 28, 2031 is unchanged and bears interest at the adjusted term secured over
Installed Building Products, Inc. (the "Company" or "IBP") (NYSE:IBP), an industry-leading installer of insulation and complementary building products, announced today the release of the Company's 2024 Environmental, Social and Governance ("ESG") report, which highlights important milestones the Company achieved during the past year, as well as the Company's ongoing ESG policies and commitment to the environment, its employees, and its communities by promoting a more sustainable and equitable future. "Earlier this year, IBP celebrated 10 years as a publicly traded company. During those 10 years, we have had a successful track record of executing on our growth strategy, while delivering on
Acquisition Adds Over $17 Million of Annual Revenue Installed Building Products, Inc. (the "Company" or "IBP") (NYSE:IBP), an industry-leading installer of insulation and complementary building products, today announced the acquisition of Tatum Insulation III, LLC ("Tatum"). Tatum is headquartered just outside of Wilmington, North Carolina, and serves new residential and new commercial end markets throughout the state. Tatum installs multiple building products including fiberglass insulation, shower doors, shelving, mirrors, and other products installed in the interior of homes and buildings. "Tatum adds over $17 million of annual revenue to our business, giving us increased geographic
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 third quarter ended September 30, 2024. Third Quarter 2024 Highlights (Comparisons are to Prior Year Period) Net revenue increased 7.7% to an all-time record of $760.6 million Installation revenue increased 7.9% to $713.7 million, as growth across all end markets combined with sales from IBP's recent acquisitions Other revenue, net of eliminations, which includes IBP's manufacturing and distribution operations, increased to $46.9 million from $45.3 million Net income increased 0.9% to a third quarte
Installed Building Products, Inc. (the "Company") (NYSE:IBP), an industry-leading installer of insulation and complementary building products, announced today that the Company will release its third quarter 2024 financial results on November 7, 2024. A webcast and conference call will be held that same day at 10:00 a.m. (Eastern Time) to review the Company's results. Webcast: The conference call will be available on the investor relations section of the Company's website at www.installedbuildingproducts.com. To listen to a live webcast, go to the site at least 15 minutes prior to the scheduled start time to register, download and install any necessary audio software. To Participate in th
Acquisition Adds Over $22 Million of Annual Revenue Installed Building Products, Inc. (the "Company" or "IBP") (NYSE:IBP), an industry-leading installer of insulation and complementary building products, today announced the acquisition of Wholesale Insulation Supply, Inc. doing business as Insulation Supplies. Insulation Supplies was established in 1986 and is headquartered in New Hope, Minnesota, near Minneapolis. Insulation Supplies generates over $22 million of annual revenue throughout Minnesota and the upper Midwest. As a specialty distributor focused on residential and commercial end-markets, Insulation Supplies sells fiberglass insulation, spray foam insulation, cellulose insulatio
Advanced Fiber Technology (AFT), an Installed Building Product's (IBP) (NYSE:IBP) company, has opened the second line of its manufacturing plant in Bucyrus, Ohio. This expansion will increase the production of high-performance, reliable Carbon-Smart™ Loose-Fill Cellulose Insulation and support local economic growth. This $5.5 million project includes a $4.75 million investment in cutting-edge technology, robotics, and automation for the wastepaper conversion industry. It also enhances AFT's ability to meet the growing demand for its products. AFT's Carbon-Smart™ Loose-Fill Cellulose Insulation is an environmentally responsible product made from over 85% recycled content, primarily recycle
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 second quarter ended June 30, 2024. Second Quarter 2024 Highlights (Comparisons are to Prior Year Period) Net revenue increased 6.6% to $737.6 million Installation revenue increased 7.0% to $697.3 million, as single-family and multi-family sales growth combined with sales from IBP's recent acquisitions Other revenue, net of eliminations, which includes IBP's manufacturing and distribution operations, increased to $40.3 million from $40.2 million Net income increased 5.8% to a second quarter
Acquisition Adds Approximately $20 Million of Annual Revenue Installed Building Products, Inc. (the "Company" or "IBP") (NYSE:IBP), an industry-leading installer of insulation and complementary building products, today announced the acquisition of Euroview Enterprises, LLC, Contract Mirror and Supply Co., and CLM Solutions, LLC (collectively "Euroview"). Established in 1961, Euroview is headquartered in Elk Grove Village, Illinois, with an additional location in Burnsville, Minnesota. Euroview focuses on new single-family and multi-family construction projects throughout Illinois and Minnesota with a separate, smaller entity that focuses on commercial projects. Shower doors, shelving, and
SC 13G/A - Installed Building Products, Inc. (0001580905) (Subject)
SC 13G/A - Installed Building Products, Inc. (0001580905) (Subject)
SC 13G/A - Installed Building Products, Inc. (0001580905) (Subject)
SC 13G/A - Installed Building Products, Inc. (0001580905) (Subject)
SC 13G/A - Installed Building Products, Inc. (0001580905) (Subject)
SC 13G/A - Installed Building Products, Inc. (0001580905) (Subject)
SC 13G/A - Installed Building Products, Inc. (0001580905) (Subject)
SC 13G/A - Installed Building Products, Inc. (0001580905) (Subject)
SC 13G - Installed Building Products, Inc. (0001580905) (Subject)
SC 13G/A - Installed Building Products, Inc. (0001580905) (Subject)