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August 03, 2015 12:00 PM ET

Household Durables

Company Overview of Installed Building Products, Inc.

Company Overview

Installed Building Products, Inc., together with its wholly owned subsidiaries, primarily engages in the installation of insulation, garage doors, rain gutters, shower doors, closet shelving and mirrors, and other products in the continental United States. It offers a range of insulation materials, such as fiberglass insulation, spray foam insulation, and cellulose insulation materials. The company is also involved in the installation of insulation and sealant materials in various areas of a structure, which includes basement and crawl spaces, building envelopes, attics, and acoustical insulations. It serves homebuilders, multi-family and commercial builders, individual homeowners, and repai...

495 South High Street

Suite 50

Columbus, OH 43215

United States

Founded in 1977

3,600 Employees

Phone:

614-221-3399

Fax:

614-221-3389

Key Executives for Installed Building Products, Inc.

Chairman, Chief Executive Officer and President
Age: 51
Total Annual Compensation: $600.0K
Chief Financial Officer, Executive Vice President of Finance and Director
Age: 51
Total Annual Compensation: $218.9K
Chief Operating Officer
Age: 54
Total Annual Compensation: $334.2K
Compensation as of Fiscal Year 2014.

Installed Building Products, Inc. Key Developments

Installed Building Products Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Effective Tax Rate Guidance for the Full Year 2015

Installed Building Products announced earnings results for the second quarter and six months ended June 30, 2015. For the second quarter of 2015, adjusted net income from continuing operations was $7.2 million or $0.23 per diluted share compared to $3.5 million or $0.11 per diluted share in the prior year. On a GAAP basis for the second quarter of 2015, net income was $6.5 million or $0.21 per diluted share compared to $2.3 million or $0.07 per diluted share. Revenue increased 26.4% to $159.7 million compared to $126 million last year, mainly driven by an increase in revenue in all of end markets and additional benefits from a higher average price per job due primarily to price gains and a more favorable customer and product mix in the prior year quarter. Higher revenues and prudent expense management helped to grow adjusted EBITDA to $18 million, an increase of 77% compared to a year ago. For the six months, the company generated $15.4 million in cash flow from operations, an increase of $7.8 million, more than 100% from the prior year period. Capital expenditures for the first half of 2015 were $11.5 million. The company continues to expect a 2015 full year effective tax rate of 37% to 38%.

Installed Building Products, Inc. to Report Q2, 2015 Results on Jul 29, 2015

Installed Building Products, Inc. announced that they will report Q2, 2015 results at 9:00 AM, Eastern Standard Time on Jul 29, 2015

Installed Building Products, Inc., Q2 2015 Earnings Call, Jul 29, 2015

Installed Building Products, Inc., Q2 2015 Earnings Call, Jul 29, 2015

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 1, 2015
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Merger/Acquisition
June 1, 2015
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April 6, 2015
C.Q. Insulation Inc.
 

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