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Last $22.57 USD
Change Today +1.16 / 5.42%
Volume 90.5K
As of 8:04 PM 06/2/15 All times are local (Market data is delayed by at least 15 minutes).

installed building products (IBP) Snapshot

Open
$21.26
Previous Close
$21.41
Day High
$22.64
Day Low
$21.26
52 Week High
04/15/15 - $23.75
52 Week Low
07/31/14 - $10.82
Market Cap
707.7M
Average Volume 10 Days
77.1K
EPS TTM
$0.53
Shares Outstanding
31.4M
EX-Date
--
P/E TM
42.3x
Dividend
--
Dividend Yield
--
Current Stock Chart for INSTALLED BUILDING PRODUCTS (IBP)

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installed building products (IBP) Details

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 repair and remodeling contractors. The company was formerly known as CCIB Holdco, Inc. Installed Building Products, Inc. was founded in 1977 and is based in Columbus, Ohio.

3,600 Employees
Last Reported Date: 03/13/15
Founded in 1977

installed building products (IBP) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $600.0K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $218.9K
Chief Operating Officer
Total Annual Compensation: $334.2K
Compensation as of Fiscal Year 2014.

installed building products (IBP) Key Developments

Installed Building Products, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Tax Guidance for 2015

Installed Building Products, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net revenue of $129,948,000 compared to $105,946,000 a year ago. Operating income was $2,988,000 compared to $877,000 a year ago. Income before income taxes was $2,265,000 compared to $751,000 a year ago. Net income from continuing operations was $1,242,000 compared to $401,000 a year ago. Net income was $1,242,000 compared to net loss of $19,524,000 a year ago. Basic and diluted net income per share was $0.04 compared to basic and diluted net loss per share of $0.76 a year ago. Net cash provided by operating activities was $5,985,000 compared to $5,030,000 a year ago. Purchases of property and equipment were $5,666,000 compared to $749,000 a year ago. Adjusted net income from continuing operations was $1,443,000 compared to $142,000 a year ago. Diluted adjusted net income per share from continuing operations was $0.05 compared to $0.01 a year ago. EBITDA was $7,252,000 compared to $4,646,000 a year ago. Adjusted EBITDA was $7,573,000 compared to $4,232,000 a year ago. Annually, the quarterly trend in the effective tax rate will improve with profitability. And would expect a full year effective tax rate of 37% to 38%. For the first quarter of 2015, net revenues increased 22.7% which was mainly driven by an increase in volume in all of end markets and additional benefits from a higher average price per job due primarily to a more favorable customer and product mix than the prior year quarter. And for the first quarter of 2015, adjusted gross margin before depreciation expense expanded 150 basis points to 28.8% from 27.3% in the prior year quarter. This improvement was primarily due to operating efficiencies and a more favorable customer and product mix than the prior year quarter, which was partially offset by some material price inflation. Annually 2015, the quarterly trend in the effective tax rate will improve with profitability. And the company would expect a full year effective tax rate of 37% to 38%.

Installed Building Products, Inc. Announces New $200 Million Senior Secured Credit Facility

Installed Building Products, Inc. announced that it has entered into a new five year $200 million senior secured credit facility with an accordion feature allowing the company to increase the borrowing capacity to $225 million, subject to certain approvals. The credit facility consists of a $100 million revolving line of credit, a $50 million term loan, and a $50 million delayed draw term loan. Borrowings under the senior credit facility will bear interest at a rate of LIBOR plus a spread of 1.25% to 2.25%, depending on IBP’s leverage ratio. The new credit facility will be available for general corporate purposes and growth initiatives. This new credit facility replaces the company’s prior $75 million revolver and $25 million term loan.

Installed Building Products, Inc. to Report Q1, 2015 Results on May 12, 2015

Installed Building Products, Inc. announced that they will report Q1, 2015 results at 9:00 AM, Eastern Standard Time on May 12, 2015

 

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Industry Analysis

IBP

Industry Average

Valuation IBP Industry Range
Price/Earnings 45.5x
Price/Sales 1.2x
Price/Book 7.7x
Price/Cash Flow 37.9x
TEV/Sales 1.1x
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