IBP Earnings Prediction
The chart below shows how IBP performed 10 days before and after its earnings report, based on data from the past quarters. Typically, IBP sees a -2.43% change in stock price 10 days leading up to the earnings, and a +1.35% change 10 days following the report. On the earnings day itself, the stock moves by +0.35%. This data can give you a slight idea of what to expect for the next quarter's release.
IBP Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
760.60M
7.66%
3.12%
Gross Margin
32.38%
-1.01%
-0.86%
Operating Margin
13.38%
-7.79%
-1.62%
Net Margin
9.02%
-6.24%
2.04%
EPS
2.44
1.67%
6.09%
No Data Available
IBP Earnings Analysis
INSTALLED BUILDING PRODUCTS, INC. Corporation (IBP.N) Earnings Conference Call
Positive
Record Revenue and Profitability: IBP delivered record third quarter revenue and profitability supported by organic growth across all of our end markets.
Record Quarterly Results: Our record quarterly results highlight the talent, commitment and focus of IBP's employees across the country who provide our customers with reliable, high-quality building product installation services.
Sales Performance Highlights: In our third quarter sales performance, I am encouraged by consolidated sales growth of nearly 8% and same branch growth of 5%.
Residential Sales Increase: Our residential same branch installation sales increased approximately 5% during the third quarter.
Record Adjusted EBITDA Growth: Adjusted EBITDA for the 2024 third quarter increased to an all-time record of $132 million, reflecting an adjusted EBITDA margin of 17.4%.
Negative
Record Revenue Increase: Consolidated net revenue for the third quarter increased 8% to an all-time record of $761 million compared to $707 million for the same period last year.
Gross Margin Decline: The adjusted gross margin for the third quarter decreased to 33.8%, down from 34.3% in the prior-year period, primarily due to a greater proportion of our single-family sales shifting to production builders as well as higher growth in non-insulation products sales relative to a year ago.
Selling and Administrative Expenses: Adjusted selling and administrative expense as a percentage of third quarter sales was 18.5%, due primarily to higher insurance expense, facility and warehouse lease expense and initial start-up costs related to building out our internal accessory sourcing efforts from the prior-year period.
Debt to EBITDA Ratio: The company had a net debt to trailing 12-month adjusted EBITDA leverage ratio of 0.94x compared to 1.1x at September 30, 2023, which is well below our stated target of 2x.
Hurricane Impact on Property: The company experienced significant losses with their home and property due to the hurricanes that hit the Southeast and the Mid-Atlantic regions of the United States.
IBP FAQs
How does IBP typically perform around its earnings report dates?
Is Installed Building Products, Inc. (IBP) Q3 2024 Earnings Call Summary positive or negative?
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IBP Earning Call Sentiment
Installed Building Products, Inc. (IBP) Q3 2024 Earnings Call Transcript
IBP.N
-3.55%Positive
The earnings call shows strong financial performance with 8% revenue growth and increased net income. Positive shareholder returns are evident with a 6% dividend increase and significant stock repurchases. Despite some margin pressures, management's optimistic guidance and strategic focus on acquisitions and operational efficiency support a positive outlook. The Q&A reveals potential challenges in margins but also highlights strong demand, especially from production builders. Overall, the financial health and strategic actions suggest a positive stock price movement.
