NYSE:IBPConsumer Durables
Installed Building Products (IBP) Is Up 6.1% After Record High, $500m Notes Deal And New Acquisitions
Installed Building Products recently gained attention after reaching an all‑time stock high, completing a US$500 million senior unsecured notes offering, and closing acquisitions such as Thermo-Tech Mechanical Insulation that together add over US$22 million in annual revenue.
The combination of sustained multi-year sales growth, fresh acquisition-driven revenue, and an S&P credit rating upgrade appears to be reinforcing investor confidence in the company’s business model and balance sheet...