NYSE$IBP

Installed Building Products Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Installed Building Products reported record results.

Installed Building Products reported a strong first quarter in 2020, achieving record revenue, earnings, and adjusted EBITDA. The company's balance sheet and access to capital remain strong, allowing them to navigate the economic uncertainty caused by the COVID-19 crisis.

  • Net revenue increased 16.1% to a first quarter record of $397.3 million.
  • Net income increased 81.0% to $16.0 million.
  • Adjusted EBITDA increased 37.9% to $49.2 million.
  • Net cash provided by operating activities increased 126.0% to $35.9 million.

Headline financials

Total Revenue

$397M

Previous: $342M+16.1%
EPS (adj)

$0.78

Previous: $0.51+52.9%
Consolidated Same Branch Sales Growth

12.1%

Previous: 7.4%+63.5%
Capital Expenditures

-$9.92M

Previous: -$8.66M-14.6%
Free Cash Flow

$6.07M

Previous: $176K+3348.3%
Net Income

$16M

Previous: $8.83M+81.0%
Operating Income

$29M

Previous: $18M+61.4%
Gross Profit

$116M

Previous: $89.4M+30.0%
Cash & Equivalents

$187M

Previous: $88.1M+112.4%
Total Assets

$1.09B

Previous: $878M+23.9%
Stock-Based Comp

$2.68M

Previous: $2.02M+32.6%

Revenue & EPS history

Installed Building Products · Revenue · Quarterly

$397M

Q1 2020+16.1%vs Q1 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Installed Building Products · $1.32B total across 4 segments · Q3 2023

  • Installation
    $661M
  • Residential new construction
    $518M-2.7%
  • Commercial
    $105M+3.7%
  • Repair and remodel
    $37.8M-3.3%

Forward guidance

Single-family housing units under construction remain robust, which we believe supports over six months of industry backlog. Our strategies to expand our geographic footprint, and end market and product diversification have enhanced our local market presence and allows us to leverage our existing branch footprint during this uncertain time. Additionally, our acquisition pipeline remains strong, but we have temporarily delayed closing acquisitions until the economic environment stabilizes.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+0.4%

Avg return

Earnings day

+0.0%

Avg return

5 days after

+2.2%

Avg return

30 days after

59%

29 / 49 earnings

Positive

+18.5%

Q1 2016

Best reaction

-28.0%

Q1 2026

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-28.0%-32.4%-34.6%
Q4 2025+6.9%+8.3%-12.8%
Q3 2025+2.8%+8.2%+12.7%
Q1 2025-0.6%+4.2%+0.5%
Q4 2024-1.1%-3.4%-0.8%
Q3 2024-7.7%-8.8%-5.9%
Q2 2024-14.3%-17.1%-17.8%
Q1 2024+0.7%-0.2%-9.4%
Q4 2023+15.6%+17.5%+27.4%
Q3 2023-0.3%+2.0%+32.7%
Q2 2023+1.0%+5.5%-1.6%
Q1 2023-4.5%-6.8%-7.2%
Q4 2022+10.7%+12.0%+4.6%
Q3 2022+1.6%-1.1%+10.6%
Q2 2022+1.1%+0.2%-8.6%
Q1 2022+3.4%+0.5%+13.8%
Q4 2021-3.0%+4.7%-9.6%
Q3 2021+0.3%-0.2%-0.6%
Q2 2021+3.6%+4.8%+3.8%
Q1 2021-6.8%-16.0%-13.2%
Q4 2020-12.8%-6.4%-7.9%
Q3 2020-8.2%-8.8%-9.9%
Q2 2020+1.3%+2.2%+4.9%
Q1 2020+1.9%-7.6%+43.4%
Q4 2019-5.2%-5.7%-36.5%
Q3 2019+10.1%+8.4%+9.9%
Q2 2019+3.5%+5.4%+2.7%
Q1 2019+13.5%+13.3%+6.2%
Q4 2018+3.2%+1.7%+6.7%
Q3 2018+15.4%+18.4%+27.2%
Q2 2018-6.4%-0.9%-14.0%
Q1 2018+2.2%+6.0%+6.0%
Q4 2017-18.3%-15.8%-11.7%
Q3 2017-3.5%-10.0%+14.0%
Q2 2017+7.2%+9.3%+6.1%
Q1 2017-9.3%-9.8%-1.9%
Q4 2016+14.8%+21.1%+27.0%
Q3 2016+2.0%+7.7%+28.1%
Q2 2016-10.4%-10.0%+0.3%
Q1 2016+18.5%
Q4 2015+5.0%
Q3 2015-17.4%
Q2 2015+6.1%
Q1 2015-4.1%
Q4 2014+5.1%
Q3 2014+9.9%
Q2 2014-0.5%
Q1 2014+4.6%
Q4 2013+9.8%
Q3 2013
Q2 2013
Q1 2013
Q4 2012
Q3 2012

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