Profile
Sector:
Consumer CyclicalIndustry:
Residential ConstructionCountry:
United StatesIPO:
13 February 2014Next earnings report:
08 November 2024Last dividends:
13 September 2024Next dividends:
N/APrice
after hours | Fri, 01 Nov 2024 21:47:36 GMTAnalysts recommendations
Institutional Ownership
IBP Latest News
Installed Building Products (IBP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Installed Building Products' stock price jumped 145% last year but has been stuck in a sideways pattern since March 2024, with more institutional investors turning cautious. The company relies heavily on new single-family home construction, which grew strongly in late 2023 and early 2024, driving solid revenue and profit increases. Valuation looks high but reasonable compared to competitors, especially given the company's solid cash flow and industry growth potential.
IBP expands its footprint across Minnesota and the upper Midwest with the acquisition of Insulation Supplies.
Installed Building expands its production capacity with the opening of a second manufacturing plant in Bucyrus, OH, under its subsidiary AFT.
I downgraded my rating from buy to hold. IBP reported 7% revenue growth, with strong single-family sales offset by declining commercial sales. Housing starts trend supports bullish outlook for IBP, but multi-family volume growth may pose a y/y growth headwind.
Installed Building Products, Inc. (NYSE:IBP ) Q2 2024 Earnings Conference Call August 1, 2024 10:00 AM ET Company Participants Darren Hicks - MD-IR Jeff Edwards - Chairman and CEO Michael Miller - CFO Jason Niswonger - Chief Administrative and Sustainability Officer Conference Call Participants Stephen Kim - Evercore ISI Adam Baumgarten - Zelman & Associates Michael Rehaut - JPMorgan Mike Dahl - RBC Capital Markets Reuben Garner - Benchmark Company Ken Zener - Seaport Research Partners Philip Ng - Jefferies Susan Maklari - Goldman Sachs Keith Hughes - Truist Securities Operator Greetings, and welcome to Installed Building Products Fiscal 2024 Second Quarter Financial Results Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.
Installed Building Products (IBP) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Installed Building (IBP) acquires Thrice Energy Solutions and Gutter Pro, strengthening regional footprints.
Zacks.com users have been closely following Installed Building Products (IBP) recently, making it important to understand the factors that could impact the stock's future.
In the most recent trading session, Installed Building Products (IBP) closed at $255.84, indicating a -0.94% shift from the previous trading day.
What type of business is Installed Building Products?
Installed Building Products, Inc. is a large company specializing in insulation, waterproofing, fire protection, and providing other products for residential and commercial builders in the United States. The company was founded in 1977 and is based in Columbus, Ohio. Installed Building Products provides thermal insulation materials for residential homes, including fiberglass and cellulose insulation, as well as spray foam insulation. The company also offers waterproofing solutions. The company's portfolio includes services for designing and installing doors of various complexity in shower stalls, closet shelving, standard and custom-designed mirrors, as well as steel, aluminum, wood, and vinyl garage doors, and opening systems.
What sector is Installed Building Products in?
Installed Building Products is in the Consumer Cyclical sector
What industry is Installed Building Products in?
Installed Building Products is in the Residential Construction industry
What country is Installed Building Products from?
Installed Building Products is headquartered in United States
When did Installed Building Products go public?
Installed Building Products initial public offering (IPO) was on 13 February 2014
What is Installed Building Products website?
https://www.installedbuildingproducts.com
Is Installed Building Products in the S&P 500?
No, Installed Building Products is not included in the S&P 500 index
Is Installed Building Products in the NASDAQ 100?
No, Installed Building Products is not included in the NASDAQ 100 index
Is Installed Building Products in the Dow Jones?
No, Installed Building Products is not included in the Dow Jones index
When was Installed Building Products the previous earnings report?
No data
When does Installed Building Products earnings report?
The next expected earnings date for Installed Building Products is 08 November 2024