Installed Building Prod. Inc.

Installed Building Products reported Q2 revenue of $778 million, up 2% year-over-year, driven by double-digit commercial installation growth while new single-family sales fell 6%. Adjusted EBITDA was $131 million with a 16.9% margin; gross margin compressed to 33.3% due to higher fuel, medical costs and a larger mix of lower-margin distribution and manufacturing businesses. Management completed acquisitions adding about $30 million in annual sales, repurchased $76 million of stock, raised the quarterly dividend over 5% and expects at least $100 million of acquisition-driven revenue in 2026. Net debt was 1.34x trailing EBITDA and the company said it could leverage up for larger strategic deals. » Plus sur finance.yahoo.com

Installed Building Products reported adjusted EPS of $2.91 for Q2 2026 (expectation $2.55) and revenue of $777.8 million (expectation $743.96 million). Gross margin fell to 33.3% due to product-mix and cost pressures, while heavy civil construction and the manufacturing/distribution businesses grew significantly. Management emphasized M&A as a priority, expecting acquisition-related revenue of at least $100 million for 2026; however, investors are concerned about margin pressure and a weak single-family housing market, so the stock fell in pre-market trading. » Plus sur de.investing.com

Giverny Capital Asset Management reduced its position in Installed Building Products (IBP) in Q1 2026, mirroring CEO Jeff Edwards' sale of a portion of his holdings following a strong run-up in the share price. Despite the trim, IBP remains a large holding for Giverny and the firm reiterated confidence in management. The note appeared in Giverny’s Q1 investor letter, which also reported the portfolio lagged the S&P 500 for the quarter amid geopolitical and inflation-driven volatility. » Plus sur finance.yahoo.com