Installed Building Products Q2 revenue beats expectations

Installed Building Products,

07/08/2025 12:58

Overview

Installed Building Products Q2 revenue grows 3.1%, beating analyst expectations

Net income for Q2 increased 5.8% year-over-year to $69.0 million

Company repurchased 300,000 shares at a total cost of $49.2 million

Outlook

Company expects housing affordability to remain a challenge in near-term

Company targets $100 mln in annual revenue from acquisitions in 2025

Result Drivers

ACQUISITIONS - Revenue growth partly driven by recent acquisitions, including Pro Foamers, Inc., contributing $4 mln in annual revenue

INSTALLATION REVENUE - Installation revenue increased 2.6% to $715.6 mln, including sales from recent acquisitions

MARKET POSITIONING - Strong financial results attributed to high-value installation services and market positioning, per CEO Jeff Edwards

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$760.30 mln
$710.70 mln (10 Analysts)
Q2 Net Income
$69 mln
Q2 Gross Profit
$259.90 mln
Q2 Operating Income
$101 mln
Q2 Pretax Profit
$93.40 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 7 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the construction & engineering peer group is "buy."

Wall Street's median 12-month price target for Installed Building Products Inc is $183.00, about 15.7% below its August 6 closing price of $211.82

The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release: ID:nBwc9TTqda

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)