Installed Building Products (IBP) Company Report

Installed Building Products, Inc. (IBP) entered into a share repurchase agreement on November 24, 2025, to buy back 150,000 shares of its common stock from PJAM IBP Holdings, Inc., an entity beneficially owned by CEO Jeff Edwards.
The repurchase price is $250.96 per share, which was determined by taking the last reported sales price on November 21, 2025, and applying a 3% discount.
The total purchase price for the shares is $37,643,760, to be funded from the Company's cash on hand. This transaction, part of a previously announced stock buyback program, was approved by IBP's Board of Directors and Audit Committee.

Nov 24, 2025, 9:31 PM

8-K

IBP Reports Q3 2025 Financial Performance and Capital Allocation

IBP

Earnings

Dividends

Share Buyback

For the LTM period ending September 30, 2025, IBP reported $2,973.5 million in net revenue and $508.3 million in Adjusted EBITDA, with an Adjusted EBITDA margin of 17.1%.
The company generated $304.4 million in free cash flow for the LTM period ending September 30, 2025, contributing to over $1 billion in free cash flow over five years.
IBP maintains a conservative capital structure with a Net Debt / Adjusted EBITDA ratio of 1.09x as of September 30, 2025, which is below its target of less than 2.00x.
Capital allocation priorities include acquisitions, a quarterly dividend of $0.37 per share, and share repurchases under a $500 million authorization expiring March 1, 2026.
The long-term outlook targets include mid-teens Adjusted EPS growth and 20-25% organic incremental margin for Adjusted EBITDA growth, with an assumption to target >$100 million of acquired revenue annually.

Nov 5, 2025, 3:00 PM

Presentation

IBP Reports Record Q3 2025 Sales and Profitability

IBP

Earnings

M&A

Guidance Update

IBP reported record consolidated net revenue of $778 million, adjusted EBITDA of $140 million, and adjusted net income of $86 million or $3.18 per diluted share for Q3 2025.
The company returned nearly $213 million to shareholders through $78 million in cash dividends and $135 million in share repurchases during the nine months ended September 30, 2025.
Consolidated sales increased 2% in Q3 2025, driven by a 12% increase in commercial same branch sales (with heavy commercial exceeding 30% growth) and double-digit growth in complementary product sales, offsetting a 3% decline in residential same branch sales.
IBP acquired a manufacturer with $20 million in annual revenue during Q3 2025 and several other businesses totaling approximately $19 million in annual sales in October and November.
Looking ahead, residential housing starts are expected to be flat in 2026 compared to 2025, with a multifamily rebound weighted towards the back half of 2026, while heavy commercial sales and profitability are anticipated to remain healthy beyond 2025.

Nov 5, 2025, 3:00 PM

Transcript

Installed Building Products, Inc. Reports Record Third Quarter 2025 Results

IBP

Earnings

Dividends

Share Buyback

Installed Building Products, Inc. reported record net revenue of $778.2 million for Q3 2025, a 2.3% increase from the prior year, alongside an 8.5% rise in net income to $74.4 million and a 12.3% increase in diluted net income per share to $2.74.
Adjusted EBITDA reached a record $139.9 million in Q3 2025, up 5.7% compared to the prior year period.
The company repurchased 200,000 shares of common stock for $51.5 million during Q3 2025 and declared a fourth quarter cash dividend of $0.37 per share, marking a 6% increase from the prior year's fourth quarter dividend.
IBP has acquired over $58 million in annual revenue to date in 2025, though it expects total acquired revenue for the year to be below its $100 million goal due to anticipated delays.

Nov 5, 2025, 12:34 PM

8-K

Installed Building Products Reports Record Third Quarter 2025 Results

IBP

Earnings

Dividends

Share Buyback

Installed Building Products reported record net revenue of $778.2 million, a 2.3% increase, and record net income of $74.4 million, up 8.5%, for the third quarter ended September 30, 2025.
Diluted earnings per share increased 12.3% to $2.74, and Adjusted EBITDA grew 5.7% to a record $139.9 million for the quarter.
The company generated $124.1 million in net cash flow from operations, an increase of 22.4%, and held $333.3 million in cash and cash equivalents as of September 30, 2025.
IBP repurchased 200,000 shares of common stock at a total cost of $51.5 million during the third quarter of 2025 and declared a $0.37 per share cash dividend for the fourth quarter.
To date in 2025, IBP has acquired over $58 million of annual revenue, though the total acquired revenue for 2025 is anticipated to be less than the annual goal of at least $100 million due to potential delays.

Nov 5, 2025, 12:30 PM

Press Release

Installed Building Products Announces Acquisitions

IBP

M&A

New Projects/Investments

Installed Building Products, Inc. (IBP) announced the acquisition of Echols Glass & Mirror, Inc. and Vanderkoy Bros, LLC on October 13, 2025.
These acquisitions are expected to add over $16 million of annual revenue.
To date in 2025, IBP has acquired approximately $55 million in annual revenue through various acquisitions.
The acquisitions expand IBP's geographic presence and diversify its revenue and cash flows in attractive building product categories.

Oct 14, 2025, 11:07 AM

8-K

Installed Building Products Acquires Echols Glass & Mirror and Vanderkoy Bros

IBP

M&A

New Projects/Investments

Revenue Acceleration/Inflection

Installed Building Products, Inc. (IBP) has acquired Echols Glass & Mirror, Inc. and Vanderkoy Bros, LLC, which are expected to add over $16 million in annual revenue.
These acquisitions are a central component of IBP's growth strategy, contributing to $55 million in acquired revenue for 2025, and enhance its geographic reach and product diversification in the U.S. building products sector.
Following the announcement, IBP's stock showed positive movement, closing at $240.32 with a 0.47% increase and trading higher in after-hours at $245.29, up 2.07%.
Analysts rate IBP a 'Buy' with a price target of $266.00, and TipRanks’ AI Analyst Spark considers it an 'Outperform'.

Oct 13, 2025, 9:42 PM

Morningstar

Installed Building Products Acquires Echols Glass & Mirror and Vanderkoy Bros

IBP

M&A

New Projects/Investments

Installed Building Products (IBP) announced the acquisition of Echols Glass & Mirror, Inc. and Vanderkoy Bros, LLC.
These two acquisitions are expected to add over $16 million of annual revenue to IBP.
Echols Glass & Mirror, Inc. expands IBP's offerings in specialty glass, mirrors, and other interior home products primarily to residential customers in the Southeastern U.S., while Vanderkoy Bros, LLC focuses on drywall and metal stud framing installations across commercial and residential markets in Wisconsin.
To date in 2025, IBP has acquired approximately $55 million in annual revenue through acquisitions, which remain a key component of its growth strategy.

Oct 13, 2025, 8:30 PM

Press Release

Earnings Transcripts

Quarterly earnings call transcripts for Installed Building Products.

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