NYSE$IBP

Installed Building Products Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Installed Building Products reported record results due to its resilient business model and diversification strategies, overcoming operating challenges such as COVID-19 impacts and winter storms.

Installed Building Products reported a record first quarter with net revenue increasing by 10.0% to $437.1 million and net income increasing by 8.1% to $17.3 million. The company successfully navigated operating challenges, including the COVID-19 crisis and February winter storms, while also completing three acquisitions.

  • Net revenue increased 10.0% to a first quarter record of $437.1 million.
  • Net income increased 8.1% to $17.3 million.
  • Adjusted net income per diluted share increased 15.4% to $0.90.
  • IBP acquired I.W. International Insulation, Inc. during the first quarter

Headline financials

Total Revenue

$437M

Previous: $397M+10.0%
EPS (adj)

$0.90

Previous: $0.78+15.4%
Consolidated Same Branch Sales Growth

2.2%

Previous: 12.1%-81.8%
Capital Expenditures

-$10.8M

Previous: -$9.92M-9.3%
Free Cash Flow

$6.45M

Previous: $6.07M+6.2%
Net Income

$17.3M

Previous: $16M+8.1%
Operating Income

$31.1M

Previous: $29M+7.1%
Gross Profit

$125M

Previous: $116M+7.9%
Cash & Equivalents

$207M

Previous: $187M+10.8%
Total Assets

$1.23B

Previous: $1.09B+13.5%
Stock-Based Comp

$3.2M

Previous: $2.68M+19.2%

Revenue & EPS history

Installed Building Products · Revenue · Quarterly

$437M

Q1 2021+10%vs Q1 2020
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

Despite near-term supply challenges, demand and pricing remains strong, and the company expects trends within its large commercial business will improve later this year, leading to another strong year of sales and earnings growth for IBP in 2021.

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 2021

Historical avgQ1 2021

+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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