Question · Q2 2025
Joe Ahlersmeyer, on for Keith Hughes, asked if there were any signs of recovery in the light commercial market. He also sought confirmation on the timing for when the recent uptick in multifamily starts would begin to positively impact financial results, questioning if 2026 was the correct timeframe.
Answer
EVP, CFO & Director Michael Miller provided a direct answer, stating 'no,' the light commercial business continues to be weak and is expected to remain so through 2025. He confirmed that the positive impact from the multifamily recovery is primarily a '2026 story,' although a minor benefit could emerge late in 2025. He reiterated that bidding activity and backlog growth in multifamily are very encouraging.
Ask follow-up questions
Fintool can predict
IBP's earnings beat/miss a week before the call