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Installed Building Products (IBP)
NYSE:IBP
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
2.23Last Year’s EPS
2.47Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: 1.98%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance, strategic acquisitions, and shareholder returns, indicating a positive outlook. However, challenges such as decreased gross margins, a soft market environment, and weather-related disruptions present potential headwinds.Company Guidance
During the fiscal 2024 fourth quarter earnings call, Installed Building Products, Inc. provided several key metrics and guidance details for 2025. The company reported a 4% increase in consolidated net revenue for the quarter, reaching a record $750 million, driven by a mix of organic growth and acquisitions. The same-brand sales growth was up 1%, with a 1.2% increase in price mix offsetting a slight decrease in job volumes. The adjusted gross margin stood at 33.6%, while adjusted EBITDA hit a record $132 million, reflecting a margin of 17.6%. For 2025, the board approved a 6% increase in both the regular quarterly cash dividend to $0.37 per share and the annual variable dividend to $1.70 per share. The company expects to continue its M&A strategy with a strong pipeline, aiming for at least $100 million in acquired annual revenue. Additionally, they anticipate a 25% to 27% effective tax rate for the full year 2025 and a first-quarter amortization expense of approximately $10 million.Record Year of Revenue and Profitability
Installed Building Products, Inc. achieved record financial performance in 2024, driven by a nearly 6% consolidated sales growth and approximately 4% same-branch growth.
Capital Allocation and Shareholder Returns
The company invested $87 million in acquisitions and allocated $230 million toward dividends and share repurchases. The Board approved a 6% increase in regular and variable dividends.
Acquisitions and Growth Outlook
During 2024, IBP acquired nine businesses with a combined annual revenue of over $100 million. The outlook for 2025 includes acquiring at least $100 million in annual revenue.
Strong Liquidity and Financial Position
The company generated $340 million in cash flow from operations and refinanced a $500 million Term Loan B facility, which will save over $1 million in annual cash interest expense.
Expansion of Share Repurchase Program
The Board authorized a new stock buyback program, expanding repurchase capacity to $500 million, up from $300 million.
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IBP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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IBP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $169.89 | $167.97 | -1.13% |
| Nov 07, 2024 | $224.51 | $214.24 | -4.57% |
| Aug 01, 2024 | $266.13 | $232.21 | -12.75% |
| May 09, 2024 | $228.02 | $232.72 | +2.06% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Installed Building Products (IBP) report earnings?
Installed Building Products (IBP) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Installed Building Products (IBP) earnings time?
Installed Building Products (IBP) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is IBP EPS forecast?
IBP EPS forecast for the fiscal quarter 2025 (Q1) is 2.23.
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