February 01, 2015 7:21 PM ET

Household Durables

Company Overview of Installed Building Products, Inc.

Company Overview

Installed Building Products, Inc. and its subsidiaries primarily install insulation, garage doors, rain gutters, shower doors, closet shelving and mirrors, and other products for residential and commercial builders in the continental United States. The company offers a range of insulation materials, including fiberglass insulation, spray foam insulation, and cellulose insulation materials. It also provides installation of insulation and sealant materials in various areas of a structure, such as building envelopes, attics, basement and crawl spaces, and acoustical insulations. The company was formerly known as CCIB Holdco, Inc. Installed Building Products, Inc. was founded in 1977 and is base...

495 South High Street

Suite 50

Columbus, OH 43215

United States

Founded in 1977

3,200 Employees

Phone:

614-221-3399

Fax:

614-221-3389

Key Executives for Installed Building Products, Inc.

Chairman
Age: 50
Total Annual Compensation: $83.1K
Chief Financial Officer
Age: 50
Total Annual Compensation: $201.0K
Chief Operating Officer
Age: 53
Total Annual Compensation: $194.9K
Compensation as of Fiscal Year 2013.

Installed Building Products, Inc. Key Developments

Installed Building Products, Inc. Enters into First Amendment Agreement to the Credit and Security Agreement

On December 10, 2014, Installed Building Products, Inc. entered into a First Amendment Agreement to the Credit and Security Agreement dated as of July 8, 2014, by and among the company, the lenders party thereto, and KeyBank National Association, as lead arranger, sole book runner, administrative agent, swing line lender and issuing lender. The First Amendment, among others things, amends the definition of Consolidated Fixed Charges to exclude certain share repurchase transactions, up to a specified limit, from the calculation of the fixed charge coverage ratio under the Credit and Security Agreement.

Installed Building Products, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Installed Building Products, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company's net revenue was $140.456 million against $115.950 million a year ago. Operating income was $10.810 million against $5.763 million a year ago. Income before income taxes was $9.825 million against $5.010 million a year ago. Net income from continuing operations was $6.196 million against $3.068 million a year ago. Net income attributable to common shareholders was $6.196 million or $0.19 per basic and diluted share compared to $1.389 million or $0.06 per basic and diluted share a year ago. Total adjustments for adjusted net income from continuing operations, net of income taxes $0.147 million. Adjusted net income from continuing operations was $6.343 million or $0.20 per basic and diluted share against $3.068 million or $0.14 per basic and diluted share a year ago. Adjusted EBITDA was $14.581 million against $8.596 million a year ago. For the nine months, the company's net revenue was $372.750 million against $312.599 million a year ago. Operating income was $16.269 million against $8.540 million a year ago. Income before income taxes was $14.386 million against $6.907 million a year ago. Net income from continuing operations was $8.924 million against $4.261 million a year ago. Net loss attributable to common shareholders was $11.021 million or $0.37 per basic and diluted share compared to net earnings of $0.934 million or $0.04 per basic and diluted share a year ago. Net cash provided by operating activities was $14.693 million against $2.617 million a year ago. Purchases of property and equipment was $2.626 million against $2.072 million a year ago. EBITDA was $12,787,000 against $7,544,000 a year ago. Total adjustments for adjusted net income from continuing operations, net of income taxes $0.147 million. Adjusted net income from continuing operations was $9.957 million or $0.34 per basic and diluted share against $4.261 million or $0.19 per basic and diluted share a year ago. Adjusted EBITDA was $28.775 million against $16.140 million a year ago.

Installed Building Mulls Acquisitions

Installed Building Products, Inc. (NYSE:IBP) intends to pursue acquisitions. The company has entered into a new five year, $100 million senior secured credit facility. The company plans to use the funds for acquisitions and general corporate purposes.

Similar Private Companies By Industry

Company Name Region
Travel Chair Company United States
Geoglobal Partners LLC United States
Stylecraft Home Collection, Inc. United States
ICX Global, Inc. United States
Revman International, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
Buyback
December 12, 2014
--
Merger/Acquisition
November 10, 2014
Installed Building Solutions, LLC
Merger/Acquisition
August 12, 2014
Marv's Insulation, Inc.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Bertelsmann AG Europe
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Installed Building Products, Inc., please visit www.installedbuildingproducts.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.