| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 660.50 | 3.5% |
| Total Income | 660.50 | 3.5% |
| Expenditure | 602.90 | 2.0% |
| PBT | 47.10 | 23.2% |
| Net Profit | 34.80 | 23.4% |
| OPM | 8.72% | 1.47pp |
| NPM | 5.27% | 1.36pp |
| EPS | 1.30 | 21.2% |
Installed Building Products Reports Q1 2026 Results
07 May 2026 · 7 May, 5:12 pm
Summary
Installed Building Products reported a decrease in net revenue for the first quarter of 2026, falling 3.5% to $660.5 million. Net income also decreased to $34.8 million, or $1.29 per diluted share. Adjusted EBITDA decreased to $92.1 million, representing a 13.9% margin. The company completed several acquisitions during the quarter, adding approximately $28 million of annual revenue. The Board of Directors approved a quarterly cash dividend of $0.39 per share.
Key Highlights
- 1
Net revenue decreased by 3.5% to $660.5 million compared to the prior year period.
- 2
Installation revenue decreased 5.8% to $609.8 million, inclusive of recent acquisitions.
- 3
Net income decreased to $34.8 million, with net income per diluted share decreasing to $1.29.
- 4
Adjusted EBITDA decreased to $92.1 million, representing an adjusted EBITDA margin of 13.9%.
- 5
Net cash flow from operations increased 11.1% to $102.3 million.
- 6
The company repurchased approximately 91 thousand shares of common stock at a total cost of approximately $25.4 million.
- 7
A second quarter regular cash dividend of $0.39 per share was declared, representing more than a 5% increase to the Company's regular dividend in the prior year period.
Management Comments
Jeff Edwards
We delivered solid top-line results amidst challenging regional weather conditions and a macroeconomic backdrop that has raised uncertainty with respect to U.S. consumer sentiment and new home sales activity. Throughout the quarter, we remained focused on meeting customers' needs through maintaining elevated service quality while emphasizing product diversification and prudent expense management. Our commercial end market continued to show strength, delivering double-digit installation sales growth. Heavy commercial sales growth exceeded 20% and the commercial end market also benefited from light commercial acquisition revenue. While we expect near-term challenges within U.S. residential construction to continue, we remain intentional with our pursuit of growth and capital allocation decisions. I also want to thank Darren, who has been a valued member of our team since joining IBP in March 2021. Ryan, as Director of Financial Planning, has played an integral role in our financial planning and analysis function, and he is a natural fit to lead our investor relations efforts. I look forward to his contributions as we continue to execute on our strategy and engage with the investment community and wish Darren the best in his future endeavors.
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