Installed Building Products Q3 revenue up 2.3%, beats estimates

Installed Building Products,

05/11/2025 12:38

Overview

Installed Building Products Q3 revenue rose 2.3%, beating analyst expectations

Adjusted EBITDA for Q3 increased 5.7% to a record $139.9 mln

Company repurchased 200,000 shares for $51.5 mln in Q3

Outlook

Company anticipates some acquisition targets may be delayed to 2026

IBP continues to prioritize growth through acquisitions

Company sees potential impact on 2025 revenue goal due to acquisition delays

Result Drivers

OTHER REVENUE GROWTH - Other revenue, including manufacturing and distribution operations, increased 21.7% to $57.1 mln, driving overall revenue growth

ACQUISITIONS - Recent acquisitions contributed to a 1.0% increase in installation revenue, reaching $721.1 mln

MARKET DYNAMICS - Residential same branch sales declined by 2.8% while commercial sales increased by 11.7%, reflecting varied local market dynamics

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$778.20 mln
$750.91 mln (12 Analysts)
Q3 Net Income
$74.40 mln
Q3 Gross Profit
$264.20 mln
Q3 Operating Income
$106.80 mln
Q3 Pretax Profit
$100.30 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 9 "hold" and 2 "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 $240.00, about 0.8% above its November 4 closing price of $238.02

The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 20 three months ago

Press Release: ID:nBw7Yk711a

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(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.)