NYSE$IBP

Installed Building Products Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Installed Building Products reported record quarterly results.

Installed Building Products reported a record third quarter with net revenue increasing by 41.1% to $719.1 million and net income increasing by 74.8% to $61.0 million. The company benefited from strong growth across residential end-markets and positive price/mix trends.

  • Net revenue increased 41.1% to a quarterly record of $719.1 million.
  • Net income increased 74.8% to $61.0 million.
  • Adjusted EBITDA increased 53.8% to a record $120.2 million.
  • Price/mix growth increased by a record 27.1% during the third quarter.

Headline financials

Total Revenue

$719M

Previous: $510M+41.1%
EPS (adj)

$2.51

Previous: $1.49+68.5%
Consolidated Same Branch Sales Growth

28.5%

No prior period
Installation Same Branch Sales Growth

28.4%

Previous: 11.2%+153.6%
Capital Expenditures

-$35.2M

Previous: -$27.9M-26.2%
Free Cash Flow

$25.8M

Previous: $6.99M+268.4%
Net Income

$61M

Previous: $34.9M+74.8%
Operating Income

$93.9M

Previous: $54.4M+72.6%
Gross Profit

$221M

Previous: $156M+41.9%
Cash & Equivalents

$203M

Previous: $191M+6.3%
Total Assets

$1.76B

Previous: $1.33B+32.9%
Stock-Based Comp

$3.21M

Previous: $3.54M-9.1%

Revenue & EPS history

Installed Building Products · Revenue · Quarterly

$719M

Q3 2022+41.1%vs Q3 2021
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Revenue by segment

Installed Building Products · $673M total across 3 segments · Q3 2022

  • Residential new construction
    $532M
  • Commercial
    $101M
  • Repair and remodel
    $39.1M

Forward guidance

Despite macroeconomic headwinds, IBP expects the meaningful backlog of residential units and extended construction cycle times to support demand for our installation services throughout the remainder of 2022 and into 2023.

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 Q3 2022

Historical avgQ3 2022

+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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