Installed Building Products Q4 revenue slightly beats estimates; $500 mln stock buyback

Reuters02-26
<a href="https://laohu8.com/S/IBP">Installed Building Products</a> Q4 revenue slightly beats estimates; $500 mln stock buyback

Overview

  • Insulation installer Q4 revenue slightly beat analyst expectations

  • Adjusted EPS for Q4 beat analyst expectations

  • Company authorized $500 mln stock repurchase program

Outlook

  • Company expects to acquire at least $100 mln in annual revenue for 2026

  • Company anticipates homebuilding activity to remain challenging in near-term

  • IBP increases regular and variable dividends for 2026

Result Drivers

  • INSTALLATION REVENUE DECLINE - Installation revenue fell 2.2% to $679.7 mln, impacted by reduced job volumes, despite recent acquisitions

  • OTHER REVENUE GROWTH - Other revenue increased 22.8% to $67.8 mln, driven by manufacturing and distribution operations

  • ACQUISITION STRATEGY - IBP completed acquisitions adding $45 mln in annual revenue, supporting growth amid residential market headwinds

Company press release: ID:nBw9VzxwBa

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Revenue

Slight Beat*

$747.50 mln

$741.66 mln (13 Analysts)

Q4 Adjusted EPS

Beat

$3.24

$2.76 (13 Analysts)

Q4 Net Income

$76.60 mln

Q4 Gross Profit

$261.50 mln

Q4 Operating Income

$108.80 mln

Q4 Pretax Profit

$102 mln

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 10 "hold" and 3 "sell" or "strong sell"

  • The average consensus recommendation for the construction & engineering peer group is "buy."

  • Wall Street's median 12-month price target for Installed Building Products Inc is $253.50, about 15.7% below its February 25 closing price of $300.74

  • The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 24 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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