Installed Building Products reports Q2 adjusted EPS $2.95, consensus $2.40

Reports Q2 revenue $760.3M, consensus $711.37M. “IBP continues to deliver strong financial results, demonstrating the high-value installation services we provide our homebuilding customers. Our market positioning and focus on service is especially valuable as many homebuilders rely on relationships with experienced partners to navigate today’s evolving market dynamics. While we expect housing affordability to remain a challenge over the near-term, we are confident in the long-term fundamentals of the U.S. housing industry and the effectiveness of our growth-focused capital allocation strategy,” stated Jeff Edwards, Chairman and Chief Executive Officer.