Installed Building Products, Inc.

Installed Building Products reported Q2 2026 net revenue of $777.8 million, a 2.3% increase year-over-year, but net income decreased by 5.9% to $64.9 million, with diluted EPS at $2.43. For the first half of 2026, net income was $99.7 million, down 12.8%. The company also issued $500.0 million in 2034 Senior Notes, redeemed $308.2 million of 2028 Senior Notes, and expanded its ABL credit facility to $375.0 million, while continuing acquisition activities totaling $47.7 million.

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.

Installed Building Products, Inc. announced the completion of its acquisition of Diamond Energy Systems, Inc. (DESI), a mechanical insulation specialist. This acquisition adds approximately $12 million in annual revenue and expands IBP's offerings in the Upper Midwest. Year-to-date, IBP has acquired approximately $40 million in annual revenue. Additionally, the company repurchased about 240 thousand shares of its common stock for $51.2 million in May, with $425 million remaining in its repurchase program.

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.