Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 6 highly experienced directors. Independent Director Marchelle Moore was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • May 20
Installed Building Products, Inc. (NYSE:IBP) acquired Diamond Energy Systems, Inc. Installed Building Products, Inc. (NYSE:IBP) acquired Diamond Energy Systems, Inc. on May 19, 2026.
Installed Building Products, Inc. (NYSE:IBP) completed the acquisition of Diamond Energy Systems, Inc. on May 19, 2026. Announcement • May 10
Installed Building Products, Inc. Management Changes Installed Building Products, Inc. announced that Effective May 6, 2026, Ryan Ricketts has been appointed Director of Investor Relations and Financial Planning, succeeding Darren Hicks, who will be departing the Company to pursue another opportunity. Announcement • May 08
Installed Building Products, Inc. announces Quarterly dividend, payable on June 30, 2026 Installed Building Products, Inc. announced Quarterly dividend of USD 0.3900 per share payable on June 30, 2026, ex-date on June 15, 2026 and record date on June 15, 2026. Announcement • Apr 23
Installed Building Products, Inc. to Report Q1, 2026 Results on May 07, 2026 Installed Building Products, Inc. announced that they will report Q1, 2026 results on May 07, 2026 Announcement • Apr 09
Installed Building Products, Inc., Annual General Meeting, May 19, 2026 Installed Building Products, Inc., Annual General Meeting, May 19, 2026. Location: meetnow.global/mqfxvjc, United States Announcement • Feb 12
Installed Building Products, Inc. to Report Q4, 2025 Results on Feb 26, 2026 Installed Building Products, Inc. announced that they will report Q4, 2025 results on Feb 26, 2026 Announcement • Feb 03
Installed Building Products, Inc. (NYSE : IBP) acquired Thermo Tech Mechanical Insulation, Inc. Installed Building Products, Inc. (NYSE : IBP) acquired Thermo Tech Mechanical Insulation, Inc. on February 2, 2026.
Installed Building Products, Inc. (NYSE : IBP) completed the acquisition of Thermo Tech Mechanical Insulation, Inc. on February 2, 2026. Announcement • Oct 30
Installed Building Products, Inc. Declares Regular Cash Dividend for the Fourth Quarter 2025, Payable on December 31, 2025 Installed Building Products, Inc. announced that the Board of Directors has approved the Company’s quarterly cash dividend of $0.37 per share, payable on December 31, 2025, to stockholders of record on December 15, 2025. The fourth quarter regular cash dividend represents a 6% increase from last year’s fourth quarter cash dividend payment. Announcement • Oct 22
Installed Building Products, Inc. to Report Q3, 2025 Results on Nov 05, 2025 Installed Building Products, Inc. announced that they will report Q3, 2025 results on Nov 05, 2025 Announcement • Aug 08
Installed Building Products, Inc. Declares Regular Cash Dividend for the Third Quarter 2025, Payable on September 30, 2025 Installed Building Products, Inc. Board of Directors has approved the Company’s quarterly cash dividend of $0.37 per share, payable on September 30, 2025, to stockholders of record on September 15, 2025. The third quarter regular cash dividend represents a 6% increase from last year’s third quarter cash dividend payment. Announcement • Jul 24
Installed Building Products, Inc. to Report Q2, 2025 Results on Aug 07, 2025 Installed Building Products, Inc. announced that they will report Q2, 2025 results on Aug 07, 2025 Announcement • May 08
Installed Building Products, Inc. Approves Quarterly Cash Dividend, Payable on June 30, 2025 Installed Building Products, Inc.’s Board of Directors has approved the Company’s quarterly cash dividend of $0.37 per share, payable on June 30, 2025, to stockholders of record on June 13, 2025. The second quarter regular cash dividend represents a 6% increase from last year’s second quarter cash dividend payment. Announcement • Apr 24
Installed Building Products, Inc. to Report Q1, 2025 Results on May 08, 2025 Installed Building Products, Inc. announced that they will report Q1, 2025 results on May 08, 2025 Announcement • Apr 09
Installed Building Products, Inc., Annual General Meeting, May 20, 2025 Installed Building Products, Inc., Annual General Meeting, May 20, 2025. Announcement • Feb 13
Installed Building Products, Inc. to Report Q4, 2024 Results on Feb 27, 2025 Installed Building Products, Inc. announced that they will report Q4, 2024 results on Feb 27, 2025 Declared Dividend • Nov 09
Third quarter dividend of US$0.35 announced Shareholders will receive a dividend of US$0.35. Ex-date: 13th December 2024 Payment date: 31st December 2024 Dividend yield will be 1.4%, which is lower than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (15% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 26% per year over the past 4 years and payments have been stable during that time. EPS is expected to grow by 17% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 08
Third quarter 2024 earnings released: EPS: US$2.45 (vs US$2.41 in 3Q 2023) Third quarter 2024 results: EPS: US$2.45 (up from US$2.41 in 3Q 2023). Revenue: US$760.6m (up 7.7% from 3Q 2023). Net income: US$68.6m (flat on 3Q 2023). Profit margin: 9.0% (in line with 3Q 2023). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Announcement • Nov 08
Installed Building Products, Inc. Declares Regular Quarterly Cash Dividend, Payable on December 31, 2024 Installed Building Products, Inc.’s Board of Directors has approved the Company’s quarterly cash dividend of $0.35 per share, payable on December 31, 2024, to stockholders of record on December 15, 2024. The fourth quarter regular cash dividend represents a 6% increase from last year’s fourth quarter cash dividend payment. Announcement • Oct 24
Installed Building Products, Inc. to Report Q3, 2024 Results on Nov 07, 2024 Installed Building Products, Inc. announced that they will report Q3, 2024 results on Nov 07, 2024 Announcement • Oct 08
Installed Building Products, Inc. (NYSE:IBP) acquired Wholesale Insulation Supply, Inc. Installed Building Products, Inc. (NYSE:IBP) acquired Wholesale Insulation Supply, Inc. on October 7, 2024. Insulation Supplies generates over $22 million of annual revenue.
Installed Building Products, Inc. (NYSE:IBP) completed the acquisition of Wholesale Insulation Supply, Inc. on October 7, 2024. Valuation Update With 7 Day Price Move • Sep 18
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €214, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 13x in the Consumer Durables industry in Europe. Total returns to shareholders of 130% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €212 per share. Upcoming Dividend • Sep 06
Upcoming dividend of US$0.35 per share Eligible shareholders must have bought the stock before 13 September 2024. Payment date: 30 September 2024. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (4.1%). Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: US$2.31 (vs US$2.19 in 2Q 2023) Second quarter 2024 results: EPS: US$2.31 (up from US$2.19 in 2Q 2023). Revenue: US$737.6m (up 6.6% from 2Q 2023). Net income: US$65.2m (up 5.8% from 2Q 2023). Profit margin: 8.8% (down from 8.9% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Consumer Durables industry in Europe. Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 28% per year. Announcement • Aug 02
Installed Building Products, Inc. Approves Quarterly Cash Dividend, Payable on September 30, 2024 The Board of Directors of Installed Building Products, Inc. have approved the company’s quarterly cash dividend for third quarter of 2024 of $0.35 per share, payable on September 30, 2024, to stockholders of record on September 15, 2024. The third quarter regular cash dividend represents a 6% increase from last year’s third quarter cash dividend payment. Announcement • Jul 30
Installed Building Products, Inc. (NYSE:IBP) acquired Euroview Enterprises LLC/Contract Mirror and Supply Co/CLM Solutions, LLC. Installed Building Products, Inc. (NYSE:IBP) acquired Euroview Enterprises LLC/Contract Mirror and Supply Co/CLM Solutions, LLC on July 29, 2024.
Installed Building Products, Inc. (NYSE:IBP) completed the acquisition of Euroview Enterprises LLC/Contract Mirror and Supply Co/CLM Solutions, LLC on July 29, 2024. Announcement • Jul 18
Installed Building Products, Inc. to Report Q2, 2024 Results on Aug 01, 2024 Installed Building Products, Inc. announced that they will report Q2, 2024 results on Aug 01, 2024 Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €212, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 15x in the Consumer Durables industry in Europe. Total returns to shareholders of 136% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €220 per share. Upcoming Dividend • Jun 07
Upcoming dividend of US$0.35 per share Eligible shareholders must have bought the stock before 14 June 2024. Payment date: 30 June 2024. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (4.0%). Recent Insider Transactions • May 15
Insider recently sold €1.3m worth of stock On the 13th of May, Jason Niswonger sold around 6k shares on-market at roughly €213 per share. This transaction amounted to 31% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €22m. Insiders have been net sellers, collectively disposing of €39m more than they bought in the last 12 months. Declared Dividend • May 13
First quarter dividend of US$0.35 announced Shareholders will receive a dividend of US$0.35. Ex-date: 14th June 2024 Payment date: 30th June 2024 Dividend yield will be 1.3%, which is lower than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (15% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 36% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 10% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 10
First quarter 2024 earnings released: EPS: US$1.98 (vs US$1.76 in 1Q 2023) First quarter 2024 results: EPS: US$1.98 (up from US$1.76 in 1Q 2023). Revenue: US$692.9m (up 5.1% from 1Q 2023). Net income: US$55.9m (up 13% from 1Q 2023). Profit margin: 8.1% (up from 7.5% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 35% per year whereas the company’s share price has increased by 31% per year. Announcement • Apr 27
Installed Building Products, Inc. to Report Q1, 2024 Results on May 09, 2024 Installed Building Products, Inc. announced that they will report Q1, 2024 results on May 09, 2024 Announcement • Apr 12
Installed Building Products, Inc., Annual General Meeting, May 23, 2024 Installed Building Products, Inc., Annual General Meeting, May 23, 2024, at 10:00 US Eastern Standard Time. Agenda: To consider the election of Margot L. Carter, David R. Meuse and Michael H. Thomas as directors to serve for three-year terms; to consider the ratification of the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for 2024; to consider the approval, on an advisory basis, of the compensation of our named executive officers; and to consider transaction of any other business that may properly come before the meeting or any adjournment thereof. Upcoming Dividend • Mar 07
Upcoming dividend of US$1.95 per share Eligible shareholders must have bought the stock before 14 March 2024. Payment date: 31 March 2024. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (4.2%). Recent Insider Transactions • Mar 07
CFO, Executive VP of Finance & Director recently sold €1.1m worth of stock On the 4th of March, Michael Miller sold around 5k shares on-market at roughly €224 per share. This transaction amounted to 7.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Michael has been a net seller over the last 12 months, reducing personal holdings by €2.0m. Declared Dividend • Feb 25
Fourth quarter dividend of US$0.35 announced Shareholders will receive a dividend of US$0.35. Ex-date: 14th March 2024 Payment date: 31st March 2024 Dividend yield will be 0.6%, which is lower than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (15% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 36% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 27% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 23
Full year 2023 earnings released: EPS: US$8.65 (vs US$7.78 in FY 2022) Full year 2023 results: EPS: US$8.65 (up from US$7.78 in FY 2022). Revenue: US$2.78b (up 4.1% from FY 2022). Net income: US$243.7m (up 9.1% from FY 2022). Profit margin: 8.8% (up from 8.4% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 37% per year whereas the company’s share price has increased by 32% per year. Announcement • Feb 22
Installed Building Products, Inc. Approves Cash Dividend for the First Quarter of 2024, Payable on March 31, 2024 Installed Building Products, Inc.'s Board of Directors has approved the cash dividend of $0.35 per share for the first quarter of 2024, payable on March 31, 2024, to stockholders of record on March 15, 2024. In addition, the company's Board of Directors has approved the Company’s annual variable cash dividend at $1.60 per share, which will also be payable on March 31, 2024, to stockholders of record on March 15, 2024. Announcement • Feb 16
Installed Building Products, Inc. to Report Q4, 2023 Results on Feb 22, 2024 Installed Building Products, Inc. announced that they will report Q4, 2023 results on Feb 22, 2024 Recent Insider Transactions • Dec 14
CFO, Executive VP of Finance & Director recently sold €857k worth of stock On the 13th of December, Michael Miller sold around 6k shares on-market at roughly €150 per share. This transaction amounted to 9.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Michael has been a net seller over the last 12 months, reducing personal holdings by €7.1m. Upcoming Dividend • Dec 07
Upcoming dividend of US$0.33 per share at 1.4% yield Eligible shareholders must have bought the stock before 14 December 2023. Payment date: 31 December 2023. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (5.2%). Lower than average of industry peers (4.7%). Reported Earnings • Nov 09
Third quarter 2023 earnings released: EPS: US$2.41 (vs US$2.14 in 3Q 2022) Third quarter 2023 results: EPS: US$2.41 (up from US$2.14 in 3Q 2022). Revenue: US$706.5m (down 1.8% from 3Q 2022). Net income: US$68.0m (up 12% from 3Q 2022). Profit margin: 9.6% (up from 8.5% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Nov 02
Installed Building Products, Inc. to Report Q3, 2023 Results on Nov 08, 2023 Installed Building Products, Inc. announced that they will report Q3, 2023 results on Nov 08, 2023 Announcement • Sep 29
Installed Building Products, Inc. Announces Executive Changes Installed Building Products, Inc. announced that Jay P. Elliott has notified the Company of his decision to retire as Chief Operating Officer, effective December 31, 2023. Following his retirement, Mr. Elliott is expected to serve in an advisory role to the Company on business strategy and development. The Board of Directors of the Company has named Brad A. Wheeler, currently serving as Regional President of the Company, to replace Mr. Elliott as Chief Operating effective January 1, 2024, to provide sufficient time for transition of Mr. Elliott's responsibilities. Mr. Wheeler has served as one of the Company’s Regional Presidents since January 2015. Since joining the Company in 2010 as a Regional Manager, Mr. Wheeler has been responsible for the management of operations in several states, including Colorado, Texas, Florida and Georgia. In June 2022, Mr. Wheeler assumed additional responsibility for much of IBP’s heavy commercial business and was named President of the Alpha companies. He attended Radford University and has been an active member of Vistage International CEO Organization since 2011. Upcoming Dividend • Sep 07
Upcoming dividend of US$0.33 per share at 1.6% yield Eligible shareholders must have bought the stock before 14 September 2023. Payment date: 30 September 2023. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (5.4%). Announcement • Aug 04
Installed Building Products, Inc. (NYSE:IBP) acquired AGT&L, Inc. Installed Building Products, Inc. (NYSE:IBP) acquired AGT&L, Inc. in June 2023. AGT&L, Inc. has annual revenue of approximately $3 million.
Installed Building Products, Inc. (NYSE:IBP) completed the acquisition of AGT&L, Inc. in June 2023. Reported Earnings • Aug 03
Second quarter 2023 earnings released: EPS: US$2.19 (vs US$2.08 in 2Q 2022) Second quarter 2023 results: EPS: US$2.19 (up from US$2.08 in 2Q 2022). Revenue: US$692.1m (up 2.3% from 2Q 2022). Net income: US$61.6m (up 2.8% from 2Q 2022). Profit margin: 8.9% (in line with 2Q 2022). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Announcement • Jul 28
Installed Building Products, Inc. to Report Q2, 2023 Results on Aug 02, 2023 Installed Building Products, Inc. announced that they will report Q2, 2023 results on Aug 02, 2023 Recent Insider Transactions • Jun 15
Chairman recently sold €13m worth of stock On the 9th of June, Jeffrey Edwards sold around 120k shares on-market at roughly €110 per share. This transaction amounted to 2.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Jeffrey has been a net seller over the last 12 months, reducing personal holdings by €27m. Upcoming Dividend • Jun 07
Upcoming dividend of US$0.33 per share at 1.9% yield Eligible shareholders must have bought the stock before 14 June 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.8%). Announcement • May 31
Installed Building Products, Inc. Announces Board Changes Installed Building Products, Inc. announced that Marchelle E. Moore was elected as an independent director to the Company’s Board of Directors at the Company's 2023 Annual Meeting. After six years of service, Vikas Verma retired from the Board of Directors and did not stand for re-election. The Company's Board of Directors remains at nine members. Ms. Moore, a licensed attorney with the state of Ohio, has more than 20 years of progressive experience across multiple industries and is currently the Senior Vice President, External Affairs, Chief Diversity Officer at Encova Mutual Insurance Group and President of the Encova Foundation of Ohio. Through strategic social responsibility initiatives and increasing her organization’s philanthropic efforts, Marchelle leads innovative efforts to make Encova Insurance a more inclusive and equitable atmosphere. Ms. Moore currently serves on the Governing Committee of The Columbus Foundation and the Independent Review Panel of JobsOhio. Recent Insider Transactions • May 12
Chief Accounting Officer & Treasurer recently sold €52k worth of stock On the 9th of May, Todd Fry sold around 500 shares on-market at roughly €104 per share. This transaction amounted to 7.8% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €14m. Insiders have been net sellers, collectively disposing of €21m more than they bought in the last 12 months. Announcement • May 06
Installed Building Products, Inc. (NYSE:IBP) acquired Insulco Insulation, LLC. Installed Building Products, Inc. (NYSE:IBP) acquired Insulco Insulation, LLC in April, 2023. Insulco has an annual revenue of approximately $3 million.Installed Building Products, Inc. (NYSE:IBP) completed the acquisition of Insulco Insulation, LLC in April, 2023. Announcement • May 05
Installed Building Products, Inc. Declares Regular Quarterly Cash Dividend, Payable on June 30, 2023 Installed Building Products, Inc. approved the quarterly cash dividend of $0.33 per share, payable on June 30, 2023, to stockholders of record on June 15, 2023. The second quarter regular cash dividend represents a 5% increase from last year’s second-quarter cash dividend payment. Reported Earnings • May 05
First quarter 2023 earnings released: EPS: US$1.76 (vs US$1.15 in 1Q 2022) First quarter 2023 results: EPS: US$1.76 (up from US$1.15 in 1Q 2022). Revenue: US$659.3m (up 12% from 1Q 2022). Net income: US$49.3m (up 46% from 1Q 2022). Profit margin: 7.5% (up from 5.8% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Board Change • Apr 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 6 highly experienced directors. Independent Director Bob Schottenstein was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Mar 09
CFO, Executive VP of Finance & Director recently sold €6.2m worth of stock On the 7th of March, Michael Miller sold around 56k shares on-market at roughly €111 per share. This transaction amounted to 45% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Michael's only on-market trade for the last 12 months. Upcoming Dividend • Mar 07
Upcoming dividend of US$1.23 per share at 1.1% yield Eligible shareholders must have bought the stock before 14 March 2023. Payment date: 31 March 2023. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.9%). Reported Earnings • Feb 23
Full year 2022 earnings released: EPS: US$7.78 (vs US$4.04 in FY 2021) Full year 2022 results: EPS: US$7.78 (up from US$4.04 in FY 2021). Revenue: US$2.67b (up 36% from FY 2021). Net income: US$223.4m (up 88% from FY 2021). Profit margin: 8.4% (up from 6.0% in FY 2021). The increase in margin was driven by higher revenue. Revenue is expected to decline by 3.6% p.a. on average during the next 2 years, while revenues in the Consumer Durables industry in Germany are expected to grow by 5.2%. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Announcement • Feb 16
Installed Building Products, Inc. to Report Q4, 2022 Results on Feb 22, 2023 Installed Building Products, Inc. announced that they will report Q4, 2022 results on Feb 22, 2023 Announcement • Dec 21
Installed Building Products, Inc. (NYSE:IBP) acquired ABS Insulating Company, Inc. Installed Building Products, Inc. (NYSE:IBP) acquired ABS Insulating Company, Inc on December 19, 2022.Installed Building Products, Inc. (NYSE:IBP) completed the acquisition of ABS Insulating Company, Inc on December 19, 2022. Upcoming Dividend • Dec 07
Upcoming dividend of US$0.32 per share Eligible shareholders must have bought the stock before 14 December 2022. Payment date: 31 December 2022. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (4.4%). Announcement • Dec 07
Installed Building Products, Inc. (NYSE:IBP) acquired Orr Industries, Llc. Installed Building Products, Inc. (NYSE:IBP) acquired Orr Industries, Llc on December 5, 2022. Orr Industries, Llc had $10 million of annual revenue.Installed Building Products, Inc. (NYSE:IBP) acquired Orr Industries, Llc on December 5, 2022. Announcement • Nov 15
Installed Building Products, Inc. (NYSE:IBP) acquired Surface Purveyors, LLC. Installed Building Products, Inc. (NYSE:IBP) acquired Surface Purveyors, LLC on November 14, 2022. Lynch reported the revenue of $5 million. Lynch team will be joining Installed Building Products.
Installed Building Products, Inc. (NYSE:IBP) completed the acquisition of Surface Purveyors, LLC on November 14, 2022. Reported Earnings • Nov 04
Third quarter 2022 earnings released: EPS: US$2.14 (vs US$1.19 in 3Q 2021) Third quarter 2022 results: EPS: US$2.14 (up from US$1.19 in 3Q 2021). Revenue: US$719.1m (up 41% from 3Q 2021). Net income: US$61.0m (up 75% from 3Q 2021). Profit margin: 8.5% (up from 6.8% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 4.5% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Oct 28
Installed Building Products, Inc. to Report Q3, 2022 Results on Nov 03, 2022 Installed Building Products, Inc. announced that they will report Q3, 2022 results on Nov 03, 2022 Upcoming Dividend • Sep 07
Upcoming dividend of US$0.32 per share Eligible shareholders must have bought the stock before 14 September 2022. Payment date: 30 September 2022. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.8%). Recent Insider Transactions • Aug 11
Independent Director recently sold €246k worth of stock On the 8th of August, Michael Thomas sold around 2k shares on-market at roughly €98.88 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €56m more than they bought in the last 12 months. Buying Opportunity • Aug 06
Now 22% undervalued Over the last 90 days, the stock is up 17%. The fair value is estimated to be €123, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 31%. Revenue is forecast to grow by 13% in 2 years. Earnings is forecast to grow by 13% in the next 2 years. Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: US$2.08 (vs US$1.27 in 2Q 2021) Second quarter 2022 results: EPS: US$2.08 (up from US$1.27 in 2Q 2021). Revenue: US$676.7m (up 39% from 2Q 2021). Net income: US$59.9m (up 61% from 2Q 2021). Profit margin: 8.9% (up from 7.6% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 9.8%, compared to a 3.0% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 27% per year. Announcement • Jul 29
Installed Building Products, Inc. to Report Q2, 2022 Results on Aug 04, 2022 Installed Building Products, Inc. announced that they will report Q2, 2022 results on Aug 04, 2022 Announcement • Jul 19
Installed Building Products, Inc. Announces the Appointment of Robert H. Schottenstein to Its Board of Directors Installed Building Products, Inc. announced that Robert H. Schottenstein has been appointed as an independent director to the Company’s Board of Directors. Mr. Schottenstein previously served on the Board from April 2014 to March 2020. With this appointment, the Board now has nine members. Mr. Schottenstein has more than 40 years of experience in the real estate industry and currently serves as Chairman, Chief Executive Officer and President of M/I Homes, Inc. Mr. Schottenstein joined M/I Homes in 1990, was named President in 1996, Chief Executive Officer in 2004, and elected Chairman in 2004. Mr. Schottenstein serves on the board of The Ohio State University Wexner Medical Center and The Ohio State University Foundation. In addition, Mr. Schottenstein serves on the Executive Committee and as Vice Chair of The Harvard University Joint Center for Housing. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €72.00, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 9x in the Consumer Durables industry in Germany. Total returns to shareholders of 57% over the past three years. Upcoming Dividend • Jun 07
Upcoming dividend of US$0.32 per share Eligible shareholders must have bought the stock before 14 June 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (4.2%). Lower than average of industry peers (3.0%). Announcement • May 24
Installed Building Products, Inc. (NYSE : IBP) acquired Statewide Insulation Inc. Installed Building Products, Inc. (NYSE : IBP) acquired Statewide Insulation Inc. on May 23, 2022. The annual revenues of Statewide Insulation, Inc. was approximately $14 million.
Installed Building Products, Inc. (NYSE : IBP) completed the acquisition of Statewide Insulation Inc. on May 23, 2022. Reported Earnings • May 06
First quarter 2022 earnings released: EPS: US$1.15 (vs US$0.59 in 1Q 2021) First quarter 2022 results: EPS: US$1.15 (up from US$0.59 in 1Q 2021). Revenue: US$587.5m (up 34% from 1Q 2021). Net income: US$33.8m (up 96% from 1Q 2021). Profit margin: 5.8% (up from 4.0% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 18%, compared to a 7.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Announcement • May 06
Installed Building Products, Inc. Declares Quarterly Cash Dividend, Payable on June 30, 2022 Installed Building Products, Inc.'s Board of Directors has approved the Company’s quarterly cash dividend of $0.315 per share, payable on June 30, 2022, to stockholders of record on June 15, 2022. The second quarter regular cash dividend represents a 5% increase from last year’s second quarter cash dividend payment. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 6 highly experienced directors. Independent Director David Meuse was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 15
Installed Building Products, Inc., Annual General Meeting, May 26, 2022 Installed Building Products, Inc., Annual General Meeting, May 26, 2022, at 10:00 US Eastern Standard Time. Agenda: To consider directorate elections; to consider Ratification of the appointment of Deloitte & Touche LLP as its independent registered public accounting firm for 2022; to consider Approval, on an advisory basis, of the compensation of named executive officers; and to consider other matters. Announcement • Apr 12
Installed Building Products, Inc. (NYSE:IBP) acquired Central Aluminum Supply Corp Installed Building Products, Inc. (NYSE:IBP) acquired Central Aluminum Supply Corp on April 11, 2022.
Installed Building Products, Inc. (NYSE:IBP) completed the acquisition of Central Aluminum Supply Corp on April 11, 2022. Upcoming Dividend • Mar 07
Upcoming dividend of US$1.22 per share Eligible shareholders must have bought the stock before 14 March 2022. Payment date: 31 March 2022. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (3.5%). Lower than average of industry peers (2.5%).