Installed Building Products Management

Management criteria checks 3/4

Installed Building Products' CEO is Jeff Edwards, appointed in Jan 2004, has a tenure of 20.33 years. total yearly compensation is $5.93M, comprised of 14% salary and 86% bonuses, including company stock and options. directly owns 15.7% of the company’s shares, worth €986.13M. The average tenure of the management team and the board of directors is 9.6 years and 10.3 years respectively.

Key information

Jeff Edwards

Chief executive officer

US$5.9m

Total compensation

CEO salary percentage	14.0%
CEO tenure	20.3yrs
CEO ownership	15.7%
Management average tenure	9.6yrs
Board average tenure	10.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jeff Edwards's remuneration changed compared to Installed Building Products's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$6m	US$829k	US$244m
Sep 30 2023	n/a	n/a	US$248m
Jun 30 2023	n/a	n/a	US$241m
Mar 31 2023	n/a	n/a	US$239m
Dec 31 2022	US$5m	US$787k	US$223m
Sep 30 2022	n/a	n/a	US$184m
Jun 30 2022	n/a	n/a	US$158m
Mar 31 2022	n/a	n/a	US$135m
Dec 31 2021	US$4m	US$742k	US$119m
Sep 30 2021	n/a	n/a	US$117m
Jun 30 2021	n/a	n/a	US$110m
Mar 31 2021	n/a	n/a	US$99m
Dec 31 2020	US$4m	US$721k	US$97m
Sep 30 2020	n/a	n/a	US$89m
Jun 30 2020	n/a	n/a	US$82m
Mar 31 2020	n/a	n/a	US$75m
Dec 31 2019	US$3m	US$674k	US$68m
Sep 30 2019	n/a	n/a	US$65m
Jun 30 2019	n/a	n/a	US$60m
Mar 31 2019	n/a	n/a	US$57m
Dec 31 2018	US$3m	US$660k	US$55m
Sep 30 2018	n/a	n/a	US$49m
Jun 30 2018	n/a	n/a	US$46m
Mar 31 2018	n/a	n/a	US$41m
Dec 31 2017	US$5m	US$660k	US$41m

Compensation vs Market: Jeff's total compensation ($USD5.93M) is above average for companies of similar size in the German market ($USD3.34M).

Compensation vs Earnings: Jeff's compensation has been consistent with company performance over the past year.

CEO

Jeff Edwards (59 yo)

20.3yrs

Tenure

US$5,932,174

Compensation

Mr. Jeffrey W. Edwards, also known as Jeff, has been the Chairman and Director of Installed Building Products, Inc. since 1999 and has been its Chief Executive Officer 2004 and has been its President since...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jeffrey Edwards	Chairman	20.3yrs	US$5.93m	15.7% $ 986.1m
Michael Miller	CFO, Executive VP of Finance & Director	10.8yrs	US$2.16m	0.19% $ 12.2m
Jason Niswonger	Chief Administrative & Sustainability Officer	2.2yrs	US$1.16m	0.067% $ 4.2m
Jay Elliott	Executive Vice President of Business Strategy and Development	less than a year	US$2.13m	0.11% $ 7.1m
William Hire	President of External Affairs	10.4yrs	US$926.15k	0.16% $ 9.7m
Vikas Verma	President of Commercial Development	5.3yrs	US$611.68k	0.086% $ 5.4m
Brad Wheeler	Regional President & COO	less than a year	no data	0.023% $ 1.5m
Todd Fry	Chief Accounting Officer & Treasurer	10.1yrs	US$460.71k	0.023% $ 1.4m
Martin Luffy	Chief Information Officer	2.3yrs	no data	no data
Shelley McBride	General Counsel & Secretary	19.3yrs	no data	no data
R. Jenkins	Regional President	17.6yrs	no data	no data
William Jenkins	Senior Vice President of Purchasing & Supply Chain	9.2yrs	no data	no data

9.6yrs

Average Tenure

62.5yo

Average Age

Experienced Management: 2IL's management team is seasoned and experienced (9.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Jeffrey Edwards	Chairman	25.3yrs	US$5.93m	15.7% $ 986.1m
Michael Miller	CFO, Executive VP of Finance & Director	20.2yrs	US$2.16m	0.19% $ 12.2m
Lawrence Hilsheimer	Independent Non-Executive Director	10.3yrs	US$202.50k	0.093% $ 5.9m
Margot Carter	Presiding Independent Director	10.3yrs	US$220.00k	0.028% $ 1.8m
Robert Schottenstein	Independent Director	1.8yrs	US$175.00k	0.0067% $ 421.0k
David Meuse	Independent Director	4.2yrs	US$185.00k	0.015% $ 966.3k
Michael Thomas	Independent Director	10.3yrs	US$191.00k	0.032% $ 2.0m
Janet Jackson	Independent Non Executive Director	10.3yrs	US$200.00k	0.032% $ 2.0m
Marchelle Moore	Independent Director	less than a year	US$132.53k	0.0033% $ 206.1k

10.3yrs

Average Tenure

65yo

Average Age

Experienced Board: 2IL's board of directors are seasoned and experienced ( 10.3 years average tenure).

Installed Building Products Management

Management criteria checks 3/4

Key information

Recent management updates

Installed Building Products, Inc., Annual General Meeting, May 23, 2024

CFO, Executive VP of Finance & Director recently sold €1.1m worth of stock

CFO, Executive VP of Finance & Director recently sold €857k worth of stock

Installed Building Products, Inc. Announces Executive Changes

Chairman recently sold €13m worth of stock

Installed Building Products, Inc. Announces Board Changes

Recent updates

Installed Building Products, Inc. to Report Q1, 2024 Results on May 09, 2024

Installed Building Products, Inc., Annual General Meeting, May 23, 2024

Upcoming dividend of US$1.95 per share

CFO, Executive VP of Finance & Director recently sold €1.1m worth of stock

Fourth quarter dividend of US$0.35 announced

Full year 2023 earnings released: EPS: US$8.65 (vs US$7.78 in FY 2022)

Installed Building Products, Inc. Approves Cash Dividend for the First Quarter of 2024, Payable on March 31, 2024

Installed Building Products, Inc. to Report Q4, 2023 Results on Feb 22, 2024

CFO, Executive VP of Finance & Director recently sold €857k worth of stock

Upcoming dividend of US$0.33 per share at 1.4% yield

Third quarter 2023 earnings released: EPS: US$2.41 (vs US$2.14 in 3Q 2022)

Installed Building Products, Inc. (NYSE:IBP) acquired Interstate Spray Foam, LLC.

Installed Building Products, Inc. to Report Q3, 2023 Results on Nov 08, 2023

Installed Building Products, Inc. Announces Executive Changes

Upcoming dividend of US$0.33 per share at 1.6% yield

Installed Building Products, Inc. (NYSE:IBP) acquired R-Pro Select, LLC.

Installed Building Products, Inc. (NYSE:IBP) acquired AGT&L, Inc.

Second quarter 2023 earnings released: EPS: US$2.19 (vs US$2.08 in 2Q 2022)

Installed Building Products, Inc. (NYSE:IBP) acquired AGT&L, Inc.

Installed Building Products, Inc. to Report Q2, 2023 Results on Aug 02, 2023

Chairman recently sold €13m worth of stock

Upcoming dividend of US$0.33 per share at 1.9% yield

Installed Building Products, Inc. Announces Board Changes

Chief Accounting Officer & Treasurer recently sold €52k worth of stock

Installed Building Products, Inc. (NYSE:IBP) acquired Insulco Insulation, LLC.

Installed Building Products, Inc. Declares Regular Quarterly Cash Dividend, Payable on June 30, 2023

First quarter 2023 earnings released: EPS: US$1.76 (vs US$1.15 in 1Q 2022)

Insufficient new directors

CFO, Executive VP of Finance & Director recently sold €6.2m worth of stock

Upcoming dividend of US$1.23 per share at 1.1% yield

Full year 2022 earnings released: EPS: US$7.78 (vs US$4.04 in FY 2021)

Installed Building Products, Inc. to Report Q4, 2022 Results on Feb 22, 2023

Installed Building Products, Inc. (NYSE:IBP) acquired ABS Insulating Company, Inc.

Upcoming dividend of US$0.32 per share

Installed Building Products, Inc. (NYSE:IBP) acquired Orr Industries, Llc.

Installed Building Products, Inc. (NYSE:IBP) acquired Surface Purveyors, LLC.

Third quarter 2022 earnings released: EPS: US$2.14 (vs US$1.19 in 3Q 2021)

Installed Building Products, Inc. (NYSE:IBP) acquired All Florida Insulation, LLC.

Installed Building Products, Inc. to Report Q3, 2022 Results on Nov 03, 2022

Upcoming dividend of US$0.32 per share

Independent Director recently sold €246k worth of stock

Now 22% undervalued

Second quarter 2022 earnings released: EPS: US$2.08 (vs US$1.27 in 2Q 2021)

Installed Building Products, Inc. (NYSE:IBP) acquired Ozark's Modern Insulation.

Installed Building Products, Inc. to Report Q2, 2022 Results on Aug 04, 2022

Installed Building Products, Inc. Announces the Appointment of Robert H. Schottenstein to Its Board of Directors

Investor sentiment deteriorated over the past week

Upcoming dividend of US$0.32 per share

Installed Building Products, Inc. (NYSE : IBP) acquired Statewide Insulation Inc.

First quarter 2022 earnings released: EPS: US$1.15 (vs US$0.59 in 1Q 2021)

Installed Building Products, Inc. Declares Quarterly Cash Dividend, Payable on June 30, 2022

Insufficient new directors

Installed Building Products, Inc., Annual General Meeting, May 26, 2022

Installed Building Products, Inc. (NYSE:IBP) acquired Central Aluminum Supply Corp

Upcoming dividend of US$1.22 per share

Installed Building Products, Inc. (NYSE:IBP) acquired Pisgah Insulation & Fireplaces of N.C., LLC.

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Installed Building Products, Inc. Approves First Annual Variable Cash Dividend, Payable on March 31, 2022

Installed Building Products, Inc. to Report Q4, 2021 Results on Feb 24, 2022

Installed Building Products, Inc. (NYSE : IBP) acquired AMD Distribution, Inc.

Upcoming dividend of US$0.30 per share

Chief Accounting Officer & Treasurer recently sold €61k worth of stock

Installed Building Products, Inc. (NYSE:IBP) acquired Cfi Insulation, Inc.

Independent Non Executive Director recently sold €230k worth of stock

Third quarter 2021 earnings released: EPS US$1.19 (vs US$0.95 in 3Q 2020)

Installed Building Products, Inc. (NYSE:IBP) acquired Five Star Building Products, LLC and MT Insulation, LLC.

Upcoming dividend of US$0.30 per share

Chairman recently sold €32m worth of stock

Second quarter 2021 earnings released: EPS US$1.27 (vs US$0.86 in 2Q 2020)