Installed Building Products (IBP) Misses Q4 EPS by 8c, Miss on Revenues

Note: EPS may not be comparable

Installed Building Products (NYSE: IBP) reported Q4 EPS of $0.52, $0.08 worse than the analyst estimate of $0.60. Revenue for the quarter came in at $299.9 million versus the consensus estimate of $301.54 million.

Fourth Quarter 2017 Highlights

• Net revenue increased 28.2% to $299.9 million
• Net income was $10.8 million
• Adjusted EBITDA* increased 21.5% to $36.2 million
• Net income per diluted share was $0.34
• Adjusted net income per diluted share* increased 18.2% to $0.52
• In October 2017, acquired A+ Insulation, LLC, an insulation installer in Kansas City with annual revenues of $3.8 million
• In October 2017, acquired Building Solutions, LLC, an insulation installer in Oklahoma with annual revenues of approximately $2.0 million
• In December 2017, acquired Blind Ambitions, LLC, an installer of window blinds, shades and shutters in multiple locations throughout the Southeast with trailing-twelve month revenue of $9.4 million
• In December 2017, acquired Allpro Insulation Co, an insulation installer in Raleigh with trailing-twelve month revenue of $2.8 million

For earnings history and earnings-related data on Installed Building Products (IBP) click here.

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