Quarterly ResultMay 7, 2026, 07:42 AM
Installed Building Products Q1 Revenue $660.5M; Net Income $34.8M; Dividend $0.39
AI Summary
Installed Building Products reported Q1 2026 net revenue of $660.5 million, a 3.5% decrease year-over-year, and net income of $34.8 million, down from $45.4 million in the prior year. Diluted EPS was $1.29, compared to $1.64. Despite challenging weather and macroeconomic uncertainty, the company's commercial end market showed strength with double-digit installation sales growth. The Board declared a quarterly cash dividend of $0.39 per share, representing more than a 5% increase from the prior year. The company also completed four acquisitions adding $28 million in annual revenue and repurchased $25.4 million in common stock. Ryan Ricketts was appointed Director of Investor Relations and Financial Planning.
Key Highlights
- Net revenue decreased 3.5% to $660.5 million in Q1 2026.
- Net income decreased to $34.8 million, with diluted EPS at $1.29.
- Adjusted EBITDA decreased 10.1% to $92.1 million.
- The Board declared a quarterly cash dividend of $0.39 per share, a 5% increase year-over-year.
- Net cash flow from operations increased 11.1% to $102.3 million.
- The company repurchased approximately 91 thousand shares for $25.4 million.
- Four acquisitions were completed in Q1 2026, adding approximately $28 million in annual revenue.
- Installation revenue decreased 5.8% to $609.8 million, while Other revenue increased 34.8% to $50.7 million.
- Commercial same branch sales within the Installation segment increased 10.7%.