Duyuru • Sep 27
IBI Group Inc.(TSX:IBG) dropped from S&P Global BMI Index IBI Group Inc.(TSX:IBG) dropped from S&P Global BMI Index Reported Earnings • Aug 05
Second quarter 2022 earnings: EPS and revenues exceed analyst expectations Second quarter 2022 results: EPS: CA$0.24 (up from CA$0.22 in 2Q 2021). Revenue: CA$161.3m (up 14% from 2Q 2021). Net income: CA$7.63m (up 10% from 2Q 2021). Profit margin: 4.7% (down from 4.9% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.6%. Earnings per share (EPS) also surpassed analyst estimates by 2.1%. Over the next year, revenue is expected to shrink by 17% compared to a 6.1% growth forecast for the industry in Canada. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Jul 30
IBI Group Inc., Annual General Meeting, Sep 16, 2022 IBI Group Inc., Annual General Meeting, Sep 16, 2022. Price Target Changed • Jul 19
Price target increased to CA$19.38 Up from CA$18.06, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of CA$19.27. The company is forecast to post earnings per share of CA$0.86 for next year compared to CA$0.67 last year. Duyuru • Jul 19
Arcadis NV (ENXTAM:ARCAD) entered into an agreement to acquire IBI Group Inc. (TSX:IBG) from IBI Group Management Partnership and others for approximately CAD 730 million. Arcadis NV (ENXTAM:ARCAD) entered into an agreement to acquire IBI Group Inc. (TSX:IBG) from IBI Group Management Partnership and others for approximately CAD 730 million on July 18, 2022. Arcadis to acquire all issued and outstanding shares of IBI Group for CAD 19.50 per share. The acquisition of IBI Group for an aggregate consideration of approximately CAD 873 million. The transaction will be financed with debt. Committed financing was provided by Goldman Sachs together with Bank of America. The arrangement agreement includes customary provisions relating to non-solicitation, subject to customary “fiduciary out” provisions. The transaction is subject to certain customary closing conditions, including (i) IBI Group shareholder approval at a special meeting of IBI Group’s shareholders (the “Special Meeting”) by no less than 66 2/3% of the votes cast at the Special Meeting; (ii) court approval; (iii) applicable regulatory approvals; and (iv) certain other closing conditions customary for a transaction of this nature. Arcadis Supervisory Board unanimously approved the transaction. Transaction unanimously supported by IBI Group’s Board of Directors and IBI Group’s largest shareholder, the IBI Group Management Partnership, which has entered into a voting support agreement to support and vote in favour of the transaction. All directors and senior officers of IBI Group have entered into voting support agreements pursuant to which they have agreed to support and vote in favour of the transaction. IBI Group expects to hold the Special Meeting to consider the transaction in September 2022. The transaction is expected to be completed in the second half of 2022. The transaction is expected to be immediately accretive to Arcadis’ 2022E adjusted earnings per share and operating profit margins. Goldman Sachs served as exclusive financial advisor and Stikeman Elliott LLP as legal counsel to Arcadis. Committed financing was provided by Goldman Sachs together with Bank of America. National Bank Financial served as exclusive financial advisor and Blake, Cassels & Graydon LLP as legal counsel to the Special Committee of IBI Group, and Bennett Jones LLP acted as legal counsel to IBI Group. Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment improved over the past week After last week's 29% share price gain to CA$19.26, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 17x in the Professional Services industry in North America. Total returns to shareholders of 275% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CA$12.82 per share. Duyuru • Jul 08
IBI Group Inc. to Report Q2, 2022 Results on Aug 04, 2022 IBI Group Inc. announced that they will report Q2, 2022 results on Aug 04, 2022 Duyuru • Jun 02
IBI Group Inc. (TSX:IBG) acquired HotSpot Parking Inc. IBI Group Inc. (TSX:IBG) acquired HotSpot Parking Inc. on June 01, 2022. HotSpot’s staff will join IBI.
IBI Group Inc. (TSX:IBG) completed the acquisition of HotSpot Parking Inc. on June 01, 2022. Duyuru • May 20
IBI Group Hires Charles Stokes as Studio Director and Maja Nesdale as Principal for Its Mixed-Use and Buildings Teams IBI Group has hired Charles Stokes as studio director from Aecom, and Maja Nesdale has been appointed as principal for its mixed-use and buildings teams. Duyuru • May 08
IBI Group Inc. Revises Revenue Guidance for the Full Year Ending December 31, 2022 IBI Group Inc. revises revenue guidance for the full year ending December 31, 2022. Revised guidance now reflects a forecast $473 million in net revenue for the year ended December 31, 2022, a 3.5% increase from the prior guidance of $457 million. Reported Earnings • May 06
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: CA$0.21 (up from CA$0.11 in 1Q 2021). Revenue: CA$140.5m (up 5.7% from 1Q 2021). Net income: CA$6.63m (up 85% from 1Q 2021). Profit margin: 4.7% (up from 2.7% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.5%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Over the next year, revenue is expected to shrink by 18% compared to a 6.5% growth forecast for the industry in Canada. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Apr 20
IBI Group Inc. to Report Q1, 2022 Results on May 05, 2022 IBI Group Inc. announced that they will report Q1, 2022 results After-Market on May 05, 2022 Duyuru • Apr 06
IBI Group Inc. (TSX : IBG) acquires Retzsch Lanao Caycedo Architects. IBI Group Inc. (TSX : IBG) acquires Retzsch Lanao Caycedo Architects on April 4, 2022.
IBI Group Inc. (TSX : IBG) completed the acquisition of Retzsch Lanao Caycedo Architects on April 4, 2022. Reported Earnings • Mar 12
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: CA$0.67 (up from CA$0.47 in FY 2020). Revenue: CA$556.5m (up 10% from FY 2020). Net income: CA$21.0m (up 43% from FY 2020). Profit margin: 3.8% (up from 2.9% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 8.3%. Over the next year, revenue is expected to shrink by 18% compared to a 7.5% growth forecast for the industry in Canada. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Mar 05
IBI Group Announces U.S. Leadership Appointments IBI Group announced the appointment of Todd Hoisington to Director, USA, along with the appointment of several other key U.S. regional leaders into new roles. In his new role, Mr. Hoisington is responsible for leading unified growth and integration across IBI’s core technology-driven competencies in the Intelligence, Buildings and Infrastructure sectors, and executing on IBI’s strategic plan to grow its urban environment and infrastructure design presence across the entire U.S. market. In his previous role as Director of Major Projects, U.S. and Michigan Office Lead, Mr. Hoisington led the growth and diversification of IBI’s Michigan practice across all sectors. Other key IBI U.S. leadership moves include: Leslie Young promoted to Director, Managing Principal from Director of Operations for USA West and Managing Director of IBI’s Los Angeles office. In her new role, Ms. Young will help IBI U.S. develop a diversified and strategically aligned portfolio of work that places an emphasis on partnerships and innovation, and which fully leverages collaboration between IBI’s practice sectors and offices. Ari Bose promoted to Director, US Sector Lead, Buildings from Director, Buildings Lead, USA East. In his new position, Mr. Bose will provide leadership and focus to increase the breadth and depth of the IBI portfolio of Buildings projects in the U.S. An architect and sustainable design specialist with nearly 20 years of experience in the field, Mr. Bose has been with IBI since 2017. Susan Christensen promoted to Director, Operations USA from Director, Operations Lead, USA East. With this promotion, Ms. Christensen’s current role will be expanded to all offices across the U.S., where she will work to unify and grow IBI’s operational services and reporting structures across the country. Ms. Christensen has over 20 years of experience in marketing management and communications, operations, business development, and global brand management. Duyuru • Feb 18
IBI Group Inc. to Report Q4, 2021 Results on Mar 10, 2022 IBI Group Inc. announced that they will report Q4, 2021 results After-Market on Mar 10, 2022 Duyuru • Dec 11
IBI Group Inc. (TSX : IBG) acquired Assets of Telenium Inc. from Telenium Inc. IBI Group Inc. (TSX : IBG) acquired Assets of Telenium Inc. from Telenium Inc. on December 10, 2021.
IBI Group Inc. (TSX : IBG) completed the acquisition of Assets of Telenium Inc. from Telenium Inc. on December 10, 2021. Duyuru • Dec 02
IBI Group Inc. (TSX:IBG) acquired Teranis Consulting Ltd. IBI Group Inc. (TSX:IBG) acquired Teranis Consulting Ltd. on December 1, 2021.
IBI Group Inc. (TSX:IBG) completed the acquisition of Teranis Consulting Ltd. on December 1, 2021. Price Target Changed • Nov 09
Price target increased to CA$15.81 Up from CA$14.75, the current price target is an average from 8 analysts. New target price is 20% above last closing price of CA$13.15. Stock is up 94% over the past year. The company is forecast to post earnings per share of CA$0.71 for next year compared to CA$0.47 last year. Reported Earnings • Nov 06
Third quarter 2021 earnings released: EPS CA$0.22 (vs CA$0.17 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CA$136.4m (up 9.6% from 3Q 2020). Net income: CA$6.81m (up 31% from 3Q 2020). Profit margin: 5.0% (up from 4.2% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • Aug 12
Consensus EPS estimates increase to CA$0.70 The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from CA$426.0m to CA$435.8m. EPS estimate increased from CA$0.64 to CA$0.70 per share. Net income forecast to grow 78% next year vs 30% growth forecast for Professional Services industry in Canada. Consensus price target up from CA$14.06 to CA$14.75. Share price rose 5.3% to CA$11.00 over the past week. Reported Earnings • Aug 08
Second quarter 2021 earnings released: EPS CA$0.22 (vs CA$0.18 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CA$141.4m (up 14% from 2Q 2020). Net income: CA$6.92m (up 23% from 2Q 2020). Profit margin: 4.9% (up from 4.5% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Aug 06
Ibi Group Inc. Updates Earnings Guidance for the Year 2021 IBI Group Inc. updated earnings guidance for the year 2021. For the period the company is increasing its forecast total net revenue guidance from approximately $422 million to $435 million for the year ended December 31, 2021. Assuming this target is met, it would represent an increase of approximately 11% over 2020 actuals. Price Target Changed • Jul 15
Price target increased to CA$13.94 Up from CA$12.93, the current price target is an average from 8 analysts. New target price is 35% above last closing price of CA$10.29. Stock is up 102% over the past year. Reported Earnings • May 15
First quarter 2021 earnings released: EPS CA$0.11 (vs CA$0.15 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: CA$132.9m (up 9.7% from 1Q 2020). Net income: CA$3.58m (down 23% from 1Q 2020). Profit margin: 2.7% (down from 3.8% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 14% per year. Duyuru • May 14
IBI Group Inc. Maintains Earnings Guidance for the Year Ending December 31, 2021 IBI Group Inc. maintains earnings guidance for the year ending December 31, 2021. As previously announced on March 11, 2021, the company is maintaining its forecast total net revenue of approximately $422 million for the year ending December 31, 2021, a target that is approximately 7% higher than 2020 actuals. Realizing this forecast net revenue would represent a 6% compound annual growth rate since 2013. Is New 90 Day High Low • Mar 16
New 90-day high: CA$9.94 The company is up 21% from a price of CA$8.24 on 15 December 2020. Outperformed the Canadian market which is up 11% over the last 90 days. Exceeded the Professional Services industry, which is up 8.0% over the same period. Simply Wall St's valuation model estimates the intrinsic value at CA$11.53 per share. Price Target Changed • Mar 16
Price target increased to CA$12.29 Up from CA$10.54, the current price target is an average from 5 analysts. New target price is 24% above last closing price of CA$9.94. Stock is up 150% over the past year. Duyuru • Mar 13
IBI Group Inc., Annual General Meeting, May 14, 2021 IBI Group Inc., Annual General Meeting, May 14, 2021. Reported Earnings • Mar 13
Full year 2020 earnings released: EPS CA$0.47 (vs CA$0.45 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CA$505.1m (up 9.7% from FY 2019). Net income: CA$14.7m (up 5.0% from FY 2019). Profit margin: 2.9% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Analyst Estimate Surprise Post Earnings • Mar 13
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 23%. Over the next year, revenue is expected to shrink by 17% compared to a 3.9% growth forecast for the Professional Services industry in Canada. Duyuru • Feb 24
IBI Group Inc. Appoints Audrey Jacob as Chief Operations Director IBI Group Inc. announce the appointment of Audrey Jacob to Chief Operations Director. In this new Corporate Services role, Ms. Jacob joins the firm’s Executive team, and assumes responsibility for the Marketing & Communications and Human Resources functions globally, as well as the firm’s office leases across its 60+ global offices. She will also take a leadership role in advancing IBI Group’s mandate on Diversity, Inclusion & Belonging. Ms. Jacob previously held roles as Canada East Deputy Regional Director, and Toronto Office Lead, where she was responsible for the financial performance of the firm’s headquarters and largest office. Having joined the firm in 1986, she has a long history and knowledge of IBI Group’s business and people. Duyuru • Feb 18
IBI Group Inc. to Report Q4, 2020 Results on Mar 11, 2021 IBI Group Inc. announced that they will report Q4, 2020 results After-Market on Mar 11, 2021 Duyuru • Feb 10
IBI Group, in Partnership with Gupta Power Infrastructure Ltd. and Envoys Electronics Pvt. Ltd., Wins Tender for Implementation of Unified Adaptive Traffic Signal Control System in the City of Hyderabad, India IBI Group, in partnership with Gupta Power Infrastructure Ltd. and Envoys Electronics Pvt. Ltd., has been awarded the tender for implementation of a Unified Adaptive Traffic Signal Control (ATSC) system in the City of Hyderabad, India. The firm will lead the consortium on its large urban signaling system contract, which includes the design, installation, testing, and commissioning of the ATSC across 480+ intersections, along with their operations and maintenance for a period of three years. The project leverages the traffic management module of IBI’s Smart City Platform. While the win serves to cement IBI’s technology leadership in the region, it will also ensure reduced congestion and carbon emissions, and improved traffic management and safety on roadways across the three Commissionerates of Hyderabad, Cyberabad and Rachakonda. Since 2019, IBI Group has provided enduring analytical and operational support in managing traffic congestion, violation enforcement, and incident response to Hyderabad’s Traffic Police, through its Integrated Traffic Management System (ITMS) solution. Throughout the pandemic, IBI’s ITMS solution further enabled City authorities to effectively enforce lockdown regulations, and proactively engage with citizens. Through the commissioning of the ATSC system, and its integration with the City’s existing ITMS solution, road users will receive a more reliable, safe and efficient travel experience, while ensuring compliance with traffic rules and regulations. Duyuru • Feb 03
IBI Group Inc. (TSX:IBG) acquired Peters Energy Solutions Inc. IBI Group Inc. (TSX:IBG) acquired Peters Energy Solutions Inc. on February 2, 2021.
IBI Group Inc. (TSX:IBG) completed the acquisition of Peters Energy Solutions Inc. on February 2, 2021. Duyuru • Jan 23
IBI Group Announces Appointment of Michael Nobrega as Chair of the Board of Directors IBI Group Inc. announced the appointment of Michael Nobrega as its new Chair of the Board of Directors. Mr. Nobrega has been a Board Member with the firm for three years, and succeeds Dale Richmond, who retires from the Board effective January 22, 2021, and has served as Board Chair since 2014. The Company is currently undergoing a search to replace Mr. Nobrega’s now vacant Board Member position on its Board of Directors. In addition to his new role as Board Chair for IBI, Michael Nobrega also sits on the Board of Toronto Hydro. He formerly held titles as Chair of the Ontario Centre of Innovation (OCI), interim President and CEO of Waterfront Toronto, President and CEO of OMERS, and President and CEO of Borealis Infrastructure. Price Target Changed • Jan 21
Price target raised to CA$10.18 Up from CA$9.25, the current price target is an average from 7 analysts. The new target price is close to the current share price of CA$9.85. As of last close, the stock is up 79% over the past year. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improved over the past week After last week's 16% share price gain to CA$9.73, the stock is trading at a trailing P/E ratio of 17.8x, up from the previous P/E ratio of 15.4x. This compares to an average P/E of 21x in the Professional Services industry in Canada. Total returns to shareholders over the past three years are 8.2%. Is New 90 Day High Low • Jan 08
New 90-day high: CA$8.37 The company is up 31% from its price of CA$6.40 on 09 October 2020. The Canadian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CA$4.87 per share. Is New 90 Day High Low • Dec 04
New 90-day high: CA$7.47 The company is up 18% from its price of CA$6.35 on 04 September 2020. The Canadian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CA$4.29 per share. Duyuru • Dec 02
IBI Group Inc. (TSX:IBG) acquired Assets of Cole Engineering Group Ltd. IBI Group Inc. (TSX:IBG) acquired Assets of Cole Engineering Group Ltd. on December 1, 2020. Through the acquisition, IBI is pleased to welcome 180 Cole staff members to its existing team.
IBI Group Inc. (TSX:IBG) completed the acquisition of Assets of Cole Engineering Group Ltd. on December 1, 2020. Is New 90 Day High Low • Nov 14
New 90-day high: CA$7.34 The company is up 12% from its price of CA$6.57 on 14 August 2020. The Canadian market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CA$3.44 per share. Reported Earnings • Nov 08
Third quarter 2020 earnings released: EPS CA$0.17 The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: CA$124.4m (up 8.3% from 3Q 2019). Net income: CA$5.22m (down 28% from 3Q 2019). Profit margin: 4.2% (down from 6.3% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Nov 08
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Over the next year, revenue is expected to shrink by 14% compared to a 3.8% growth forecast for the Professional Services industry in Canada. Duyuru • Oct 16
IBI Group Inc. to Report Q3, 2020 Results on Nov 05, 2020 IBI Group Inc. announced that they will report Q3, 2020 results at 5:00 PM, Eastern Standard Time on Nov 05, 2020 Duyuru • Oct 05
IBI Income Fund to Report Fiscal Year 2010 Results on 03/17/2010 IBI Income Fund announced that they will report fiscal year 2010 results on 03/17/2010 Duyuru • Oct 01
IBI Group Inc. Wins Airport Ground Transportation Management System Contract by the Port Authority of New York and New Jersey IBI Group Inc. has been awarded a four-year Airport Ground Transportation Management System (GTMS) contract for the Port Authority of New York and New Jersey (PANYNJ). Leveraging IBI Group’s Smart Airport Taxi – Virtual Dispatch System, the cloud-hosted solution will reduce the need for high-volume holding areas for commercial vehicles by automating the dispatch of ground transportation and connecting drivers to ride opportunities via a mobile application. The technology is being implemented at JFK, LaGuardia, and Newark airports, and includes a feature that will provide airport ground transportation operators with data related to the health of drivers and the cleanliness of their vehicles. This contract adds to IBI Group’s Intelligence-sector portfolio and aligns with the firm’s strategic technology-driven direction. The IBI-developed mobile application is a first-to-market innovation, and will soon connect all New York City Yellow Cabs and New Jersey Cabs to PANYNJ’s virtual dispatch system. The app aids airport operators and drivers alike by eliminating the need for large holding areas where drivers typically queue, often for hours at a time, freeing up the space for other uses by the Port Authority. Duyuru • Sep 17
IBI Group Inc. announced that it expects to receive CAD 22.825 million in funding IBI Group Inc. (TSX:IBG) announced a private placement of unsecured debentures at a price of CAD 1,000 per debenture with selected institutional investors of principal for an aggregate gross proceeds of CAD 22,825,000 on September 15, 2020. The debentures will bear interest at a rate of 6.50% per annum, payable semi-annually in arrears on June 30 and December 31 of each year, commencing December 31, 2020. The first payment will include accrued and unpaid interest for the period from closing of the Offering to, but excluding, December 31, 2020. The Debentures will mature on December 31, 2025. The Debentures will not be redeemable by the Company before December 31, 2023. On and after the First Call Date and prior to December 31, 2024, the Debentures will be redeemable, in whole or in part, from time to time at the option at a redemption price equal to 103.25% of the principal amount of the Debentures redeemed plus accrued and unpaid interest, if any, up to but excluding the date set for redemption. On and after December 31, 2024 and prior to the Maturity Date, the Debentures will be redeemable, in whole or in part, from time to time at the Company’s option at par plus accrued and unpaid interest, if any, up to but excluding the date set for redemption. The Company shall provide not more than 60 nor less than 30 days’ prior notice of redemption of the Debentures. The Offering is subject to customary regulatory approvals, including approval of the Toronto Stock Exchange. Duyuru • Aug 24
IBI Group Inc. Provides Update on Earnings Guidance for the Fiscal Year 2020 IBI Group Inc. provided update on earnings guidance for the fiscal year 2020. The company announced that the longer-term impacts of growing public sector debt and reduced private sector cash flows related to COVID-19 have not yet been fully realized nor understood and the future effects on the company cannot be accurately measured at this time. As such, the company is not in a position to reinstate guidance for the fiscal year 2020. Duyuru • Jul 21
IBI Group Inc. to Report Q2, 2020 Results on Aug 06, 2020 IBI Group Inc. announced that they will report Q2, 2020 results at 5:00 PM, Eastern Standard Time on Aug 06, 2020 