NYSE$IBP

Installed Building Products Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Installed Building Products reported record results and declared regular quarterly cash dividend.

Installed Building Products reported a record second quarter with net revenue increasing by 23.9% to $488.1 million and net income increasing by 46.9% to $37.2 million.

  • Net revenue increased 23.9% to a record $488.1 million.
  • Net income increased 46.9% to a record $37.2 million.
  • Adjusted EBITDA increased 23.7% to a record $78.0 million.
  • On a same branch basis, volume growth was up 17.0%.

Headline financials

Total Revenue

$488M

Previous: $394M+23.9%
EPS (adj)

$1.59

Previous: $1.12+42.0%
Residential Same Branch Sales Growth

16.2%

No prior period
Commercial Same Branch Sales Growth

-5.3%

No prior period
Capital Expenditures

-$20.3M

Previous: -$16.3M-24.1%
Free Cash Flow

$16.9M

Previous: $8.99M+88.3%
Net Income

$37.2M

Previous: $25.3M+46.9%
Operating Income

$53.6M

Previous: $42.3M+26.6%
Gross Profit

$152M

Previous: $127M+19.5%
Cash & Equivalents

$204M

Previous: $252M-19.2%
Total Assets

$1.27B

Previous: $1.13B+12.6%
Stock-Based Comp

$3.5M

Previous: $2.73M+27.9%

Revenue & EPS history

Installed Building Products · Revenue · Quarterly

$488M

Q2 2021+23.9%vs Q2 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

Given positive trends, IBP believes 2021 will be another record year.

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 Q2 2021

Historical avgQ2 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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