财务业绩 - 2024年第二季度净收入增长6.6%至7.376亿美元，毛利增长8.1%至2.514亿美元[155] - 安装业务单一家庭新建住宅市场收入增长10.4%，多家庭新建住宅市场收入增长6.2%[160] - 安装业务同店销售增长5.2%，其中单一家庭新建住宅同店销售增长7.9%，多家庭新建住宅同店销售增长5.2%[160] - 安装业务价格/组合增长6.4%，但销量下降1.4%[164] - 美国住宅建筑市场总完工量增长11.8%，其中单一家庭增长6.8%，多家庭增长22.2%[166] - 销售费用增加4.9%，管理费用增加11.1%[171,172,173] - 公司对一个非核心产品线的分支机构计提了4.9百万美元的资产减值损失[174] - 2024年上半年单户新建住宅开工数量同比增长16.1%,反映了住宅建筑市场的韧性[185] 成本和费用 - 2024年6月30日三个月期间的摊销费用较2023年有所下降,主要是由于获得的有限使用寿命的无形资产较少[175] - 2024年6月30日六个月期间的利息费用净额较2023年有所增加,主要是由于与再融资相关的利息费用增加,部分被利息收入的增加所抵消[177] - 公司2024年上半年的劳动力成本占收入的比重有所上升,但员工流失率仍优于行业平均水平[188][189] 财务风险管理 - 2024年6月30日三个月和六个月期间,公司分别记录了80万美元的未实现损失和310万美元的未实现收益,与公司三项现金流量套期和两项远期利率掉期相关[180][181] - 公司持有三笔利率掉期合约,用于对冲定期贷款的利率风险[222] - 公司存在一定数量的履约保函和信用证,用于业务开展[225,226] - 公司面临利率上升、通胀和原材料价格上涨等市场风险[230] - 公司面临利率上升导致利息费用增加的市场风险[231,232] - 公司将根据市场情况适时调整销售价格以应对成本上涨[230] - 公司截至2024年6月30日的总浮动利率债务为9,880万美元[231] - 公司有三个现有和两个远期利率掉期合约,用于对冲4亿美元的浮动利率债务现金流[231] - 如果利率上升或下降1个百分点,公司的年利息费用将增加或减少约100万美元[231] - 公司的高级票据以固定利率5.75%计息[231] - 浮动利率债务的利率变化不会影响债务工具的公允价值,但会影响未来的收益和现金流[232] - 公司未进入也不持有任何衍生工具用于交易或投机目的[232] 融资活动 - 公司修订了之前的7年期5亿美元定期贷款协议[211] - 公司将定期贷款利率基准由LIBOR转换为SOFR[212,213] - 公司新增5亿美元定期贷款,用于偿还之前的贷款[214] - 新定期贷款不设财务维护性条款,利率较之前有所下降[214] - 公司修订了资产抵押贷款协议,增加贷款额度并延长期限[216] 流动性 - 截至2024年6月30日,公司拥有3.803亿美元的现金及现金等价物,并可获得2.5亿美元的资产抵押贷款额度,总流动性为6.245亿美元[191] - 公司预计未来12个月内的现金需求可通过经营活动现金流、现金储备和贷款额度得到满足[193][194]

Installed Building Products (IBP) came out with quarterly earnings of $3.02 per share, beating the Zacks Consensus Estimate of $2.89 per share. This compares to earnings of $2.62 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 4.50%. A quarter ago, it was expected that this residential insulation installer would post earnings of $2.23 per share when it actually produced earnings of $2.47, delivering a surprise of 10.76%. Over ...

财务业绩 - 公司第二季度净收入增长6.6%至7.376亿美元[1,2] - 净利润增长5.8%至创纪录的6,520万美元[2] - 调整后EBITDA增长6.3%至创纪录的1.298亿美元[2,16] - 调整后每股收益增长5.5%至创纪录的2.30美元[2,15] - 公司第二季度收入为7.376亿美元，同比增长6.5%[22] - 第二季度毛利率为34.1%，同比提升0.6个百分点[22] - 第二季度营业利润为9,480万美元，同比增长2.7%[22] - 第二季度净利润为6,520万美元，同比增长5.8%[22] - 第二季度每股收益为2.30美元，同比增长5.5%[22] - 上半年收入为14.305亿美元，同比增长5.9%[22] - 上半年毛利率为34.0%，同比提升1.0个百分点[22] - 上半年营业利润为1.827亿美元，同比增长8.0%[22] - 上半年净利润为1.211亿美元，同比增长9.2%[22] - 上半年每股收益为4.27美元，同比增长8.9%[22] - 公司三个月期间总收入为7.376亿美元，同比增长6.5%[29] - 公司三个月期间总毛利为2.648亿美元，毛利率为35.9%[29] - 公司六个月期间总收入为14.305亿美元，同比增长5.9%[29] - 公司六个月期间总毛利为5.122亿美元，毛利率为35.8%[29] - 公司三个月期间营业利润为9,480万美元，同比增长2.7%[34] - 公司六个月期间营业利润为1.827亿美元，同比增长8.0%[34] - 公司三个月期间调整后净利润为8,670万美元，同比增长4.8%[42] - 公司六个月期间调整后净利润为1.631亿美元，同比增长8.6%[42] - 公司三个月和六个月期间的经调整毛利率均为34.0%[54,55] - 公司三个月和六个月期间的经调整销售及管理费用占总收入的比例分别为18.5%和18.7%[58] - 公司三个月和六个月期间的经调整EBITDA分别为136.6百万美元和255.8百万美元[60,61] - 公司三个月和六个月期间的经调整EBITDA利润率分别为18.5%和17.9%[61] - 公司三个月和六个月期间的总收入分别为737.6百万美元和1,430.5百万美元[65] - 公司三个月和六个月期间的总收入扣除单一分支机构收入后分别为740.3百万美元和1,431.0百万美元[65] - 公司三个月和六个月期间的整体销售增长分别为6.6%和5.9%[70] - 公司三个月和六个月期间的整体同店销售增长分别为4.8%和3.9%[70] 业务发展 - 安装收入增长7.0%至6.973亿美元,单一家庭和多户家庭销售增长以及最近收购的贡献[2] - 公司在2024年第二季度和7月完成了3项收购,总计年收入约5,000万美元[7,8,9] - 公司三个业务板块分别为安装、分销和制造,其中分销和制造归类为"其他"类别[32] - 安装板块收入占总收入的95%,其中住宅新建工程占74%,商业工程占15%,维修改造占6%[37] - 公司三个月和六个月期间的安装业务销售增长分别为7.0%和6.2%[71] - 公司三个月和六个月期间的安装业务同店销售增长分别为5.2%和4.2%[71] - 公司三个月和六个月期间的单户家庭销售增长分别为10.4%和7.1%[72] - 公司三个月和六个月期间的多户家庭销售增长分别为6.2%和9.6%[73] - 公司三个月和六个月期间的商业销售增长分别为-4.1%和-0.7%[75] 资本运作 - 公司在第二季度回购了约21.5万股普通股,总成本为4,600万美元[11] - 公司董事会宣布派发第三季度现金股利每股0.35美元,较去年同期增加6%[10] - 公司在2024年第二季度末现金及现金等价物为3.803亿美元[2] - 公司在三个月和六个月期间内对一家非核心业务分支机构进行了资产减值处理[46,51,62] - 公司三个月和六个月期间的净亏损分别为0.7亿美元和10.4亿美元[67] - 公司三个月和六个月期间的调整后EBITDA分别为0.6亿美元亏损和8.7亿美元亏损[67]

Installed Building Products (IBP) shares soared 7.9% in the last trading session to close at $226.86. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 4.6% loss over the past four weeks.The positive inflation report on Jul 11, 2024, most likely induced bullish sentiments among investors. The Bureau of Labor Statistics revealed that the Consumer Price Index (CPI) for June 2024 increased by 3% year-on-year, the lowest level in over ...

Installed Building Products, Inc. (IBP) acquired Thrice Energy Solutions, LLC (Thrice) and Gutter Pro Enterprises, Inc (Gutter Pro). These acquisitions are expected to add approximately $14 million in annual revenues. IBP repurchased $46 million of common stock in June under its existing repurchase program.Thrice Energy Solutions is based in Oklahoma City, OK, and operates in Oklahoma and Texas, focusing on residential and commercial fiberglass and spray foam insulation. This marks IBP's first branch in one ...

Installed Building Products, Inc. (IBP) reported impressive first-quarter 2024 results. Both earnings and net revenues surpassed the Zacks Consensus Estimate and increased on a year-over-year basis.Installed Building’s shares gained 2.1% during the trading session on May 9, following the earnings release.The first-quarter financial results of IBP showcase enhancements in the single-family end market and sustained robust sales growth in the multi-family end market. Customers demonstrate a strong commitment t ...

NYSE: IBP May 9, 2024 STCUDORP GNIDLIUB DELLATSNI 4202 1Q Safe Harbor This presentation contains "forward-looking statements" as defined under U.S. federal securities laws. Forward -looking statements are generally identified by the use of the words "will," "may," "believes," "expects," "forecast," "intends," "anticipates," "projects," "outlook," "target," "plans" and "seeks," and, in each case their negative, and other variations or comparable terminology. ...

Installed Building Products, Inc. (NYSE:IBP) Q1 2024 Earnings Conference Call May 9, 2024 10:00 AM ET Company Participants Darren Hicks – Managing Director-Investor Relations Jeff Edwards – Chairman and Chief Executive Officer Michael Miller – Chief Financial Officer Jason Niswonger – Chief Administrative and Sustainability Officer Conference Call Participants Michael Rehaut – JPMorgan Stephen Kim – Evercore ISI Trey Grooms – Stephens Susan Maklari – Goldman Sachs Ken Zener – Seaport Research Partners Mike ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ☒ EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ☐ EXCHANGE ACT OF 1934 For the Transition Period From _________ To ________ Commission File Number: 001-36307 Installed Building Products, Inc. (Exact name of registrant as specified in its charter) Delaware 45-3707650 (Sta ...

Installed Building Products (IBP) came out with quarterly earnings of $2.47 per share, beating the Zacks Consensus Estimate of $2.23 per share. This compares to earnings of $2.15 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10.76%. A quarter ago, it was expected that this residential insulation installer would post earnings of $2.53 per share when it actually produced earnings of $2.72, delivering a surprise of 7.51%.Over t ...