Installed Building Products' Q3 Adjusted Net Income, Revenue Rise

MT Newswires Live11-07

Installed Building Products (IBP) reported Q3 adjusted net income Thursday of $2.85 per diluted share, up from $2.79 a year earlier.

Analysts polled by Capital IQ expected $2.98.

Net revenue for the quarter ended Sept. 30 was $760.6 million, up from $706.5 million a year earlier.

Analysts surveyed by Capital IQ expected $757.2 million.

Additionally, the company said its board maintained its quarterly dividend at $0.35 per share, payable on Dec. 31 to shareholders of record as of Dec. 15.

Shares of the company were down 4.5% in recent Thursday premarket activity.

Price: 217.44, Change: -10.25, Percent Change: -4.50

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