NYSE$IBP

Installed Building Products Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Installed Building Products reported record results for the fourth quarter 2020.

Installed Building Products announced record results for the fourth quarter and fiscal year ended December 31, 2020. Net revenue increased 10.0% to a quarterly record of $441.5 million and Net income increased 45.0% to $27.8 million.

  • Net revenue increased 10.0% to a quarterly record of $441.5 million
  • Large commercial construction revenue grew 40.4%, and was up 6.4% on a same branch basis
  • Net income increased 45.0% to $27.8 million
  • Net income per diluted share increased 46.9% to $0.94

Headline financials

Total Revenue

$441M

Previous: $401M+10.0%
EPS (adj)

$1.23

Previous: $0.92+33.7%
Consolidated Same Branch Sales Growth

2.8%

Previous: 9.7%-71.1%
Installation Same Branch Sales Growth

5.5%

Previous: 5.5%+0.0%
Capital Expenditures

$8.07M

Previous: $12.9M-37.4%
Free Cash Flow

$28.8M

Previous: $3.65M+689.9%
Net Income

$27.8M

Previous: $19.2M+44.8%
Operating Income

$44.9M

Previous: $34.9M+28.7%
Gross Profit

$135M

Previous: $120M+12.4%
Cash & Equivalents

$232M

Previous: $178M+30.1%
Total Assets

$1.19B

Previous: $1.1B+8.0%
Stock-Based Comp

$2.78M

Previous: $2.29M+21.5%

Revenue & EPS history

Installed Building Products · Revenue · Quarterly

$441M

Q4 2020+10%vs Q4 2019
Beat estimate in 10 of 16 quarters(63%)
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

The company believes most of their markets will remain strong in 2021 and they expect 2021 will be another good year of growth and profitability for IBP, despite the continued effects of the COVID-19 pandemic.

Tailwinds

  • Markets will remain strong in 2021
  • 2021 will be another good year of growth
  • 2021 will be another good year of profitability
  • Executing on acquisition strategy
  • Commitment to create long-term value for shareholders

Headwinds

  • Continued effects of the COVID-19 pandemic
  • Risk of reducing, suspending, or eliminating dividend payments
  • General economic and industry conditions
  • Material price environment
  • Timing of increases in selling prices

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 Q4 2020

Historical avgQ4 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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