NYSE$IBP

Installed Building Products Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Installed Building Products reported record fourth quarter and fiscal year results.

Installed Building Products announced record results for the fourth quarter ended December 31, 2021, with net revenue increasing 20.9% to $533.7 million and net income increasing 5.5% to $29.4 million.

  • Net revenue increased 20.9% to a record $533.7 million
  • Net income increased 5.5% to $29.4 million
  • Adjusted EBITDA increased 11.5% to $74.8 million
  • Price/mix growth increased by a record 12.9% during the fourth quarter

Headline financials

Total Revenue

$534M

Previous: $441M+20.9%
EPS (adj)

$1.42

Previous: $1.23+15.4%
Consolidated Same Branch Sales Growth

11.8%

Previous: 2.8%+321.4%
Capital Expenditures

$9.08M

Previous: $8.07M+12.5%
Free Cash Flow

$12.8M

Previous: $28.8M-55.8%
Net Income

$29.4M

Previous: $27.8M+5.8%
Operating Income

$48.8M

Previous: $44.9M+8.6%
Gross Profit

$156M

Previous: $135M+15.8%
Cash & Equivalents

$333M

Previous: $232M+44.1%
Total Assets

$1.65B

Previous: $1.19B+39.2%
Stock-Based Comp

$3.52M

Previous: $2.78M+26.9%

Revenue & EPS history

Installed Building Products · Revenue · Quarterly

$534M

Q4 2021+20.9%vs Q4 2020
Beat estimate in 13 of 16 quarters(81%)
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

While new housing construction is expected to remain supportive, inflation and material supply chain issues are likely to persist throughout the year. The company will continue to proactively work with suppliers and customers to offset any potential impact on operations and profitability and remain focused on creating value for customers, employees, communities, and shareholders.

Tailwinds

  • New housing construction expected to remain supportive
  • Proactive work with suppliers and customers to offset potential impact
  • Focus on creating value for customers
  • Focus on creating value for employees
  • Focus on creating value for communities and shareholders

Headwinds

  • Inflation likely to persist throughout the year
  • Material supply chain issues likely to persist throughout the year
  • Purchases outside of typical supply chain channels continued to impact results
  • Supply chain disruptions reduced gross profit by approximately $1.8 million
  • Inflationary pressure contributed to year-over-year margin compression

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 2021

Historical avgQ4 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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