Installed Building Products Q2 revenue beats on acquisitions, commercial growth

Installed Building Products

06/08/2026 12:50

Overview
U.S. insulation installer's Q2 revenue rose 2.3%, beating analyst expectations
Adjusted EPS for Q2 beat consensus
Company repurchased $76.2 mln in shares

Outlook
Company expects affordability and consumer confidence to continue to weigh on U.S. residential housing
Installed Building Products continues to expect at least $100 mln in acquired revenue for 2026
Company declares Q3 cash dividend of $0.39 per share, up over 5% from prior year

Result Drivers
ACQUISITIONS AND COMMERCIAL GROWTH - Co said revenue growth was supported by recent acquisitions and growth in heavy and light commercial business
RESIDENTIAL WEAKNESS - Co said residential same branch sales within Installation segment fell 6.1% in Q2
LOWER MARGINS - Gross margin declined due to higher relative mix of manufacturing and distribution operations and increased fuel expense

Company press release: ID:nBw3qMF2Ha

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$777.80 mln
$743.36 mln (12 Analysts)
Q2 Adjusted EPS
Beat
$2.91
$2.55 (12 Analysts)
Q2 Net Income
 
$64.90 mln
 
Q2 Gross Profit
 
$258.90 mln
 
Q2 Operating Income
 
$94.60 mln
 
Q2 Pretax Profit
 
$85.10 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 12 "hold" and no "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 $230.00, about 4.8% below its August 5 closing price of $241.51
The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 25 three months ago

Reuters Recommended Reads
Aug 5 - Owens Corning Q2 revenue and adjusted EPS beat estimates
Aug 5 - Griffon Q3 revenue beats on residential, commercial segment growth
Aug 5 - Construction firm Tutor Perini's Q2 revenue beats estimates, guidance raised

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)