Quarterly ResultAug 6, 2026, 07:38 AM
Installed Building Products Q2 Net Revenue $777.8M; Declares $0.39 Dividend
AI Summary
Installed Building Products reported second quarter 2026 financial results, with net revenue increasing 2.3% to a record $777.8 million. However, net income decreased to $64.9 million, and Adjusted EBITDA also saw a 2.3% decline. The company's Board of Directors declared a quarterly cash dividend of $0.39 per share, representing a more than 5% increase from the prior year, and repurchased $76.2 million in common stock. Acquisitions contributed to revenue growth, with $30 million in annual revenue added during Q2 and July 2026.
Key Highlights
- Net revenue increased 2.3% to a record second quarter of $777.8 million.
- Net income was $64.9 million, or $2.43 per diluted share.
- Adjusted EBITDA decreased 2.3% to $130.9 million.
- Board declared a quarterly cash dividend of $0.39 per share, a 5% increase from prior year.
- Repurchased approximately 365 thousand shares for $76.2 million.
- Acquisitions in Q2 and July 2026 added approximately $30 million of annual revenue.
- Cash and cash equivalents stood at $394.5 million at June 30, 2026.
- Consolidated same branch net revenue decreased 0.6%.
Price Impact
More from IBP