INSTALLED BUILDING PRODUCTS Achieves Record Q2 Revenue of USD 692.1 Million for 2023
August 24, 2023
🌥️Earnings Overview
For their fiscal year 2023 second quarter (Q2), ending on August 2 2023, INSTALLED BUILDING PRODUCTS ($NYSE:IBP) reported total revenue of USD 692.1 million and net income of USD 61.6 million, representing a 2.3% and 2.8% year-over-year increase respectively from June 30 2023.
Market Price
This impressive achievement has been largely attributed to the company’s investment in technology, hire of personnel, and strategic acquisitions over the past year. According to the company’s Chief Financial Officer, the increase in revenue is a direct result of their continued focus on product innovation and customer satisfaction. This recent growth has also enabled them to expand their reach further into the global market, providing them with an opportunity to capture a larger share of the international building products market.
As the company continues to invest in new technologies and make strategic acquisitions, it is likely that their revenue will continue to rise for years to come. With their stock prices maintaining an upward trajectory, investors should be confident in the long-term prospects of INSTALLED BUILDING PRODUCTS. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for IBP. More…
| Total Revenues | Net Income | Net Margin |
| 2.76k | 240.57 | 8.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for IBP. More…
| Operations | Investing | Financing |
| 316.54 | -20.28 | -110.97 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for IBP. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.84k | 1.28k | 19.73 |
Key Ratios Snapshot
Some of the financial key ratios for IBP are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 20.2% | 34.5% | 13.3% |
| FCF Margin | ROE | ROA |
| 9.7% | 42.9% | 12.5% |
Analysis
At GoodWhale, we have conducted a financial analysis on INSTALLED BUILDING PRODUCTS, providing insight into the business’s health and risk profile. After studying the company’s financials, our Risk Rating for this investment is “Medium”, indicating a balanced risk-return profile. During our assessment, we detected one risk warning in the company’s balance sheet. If you’d like to view the assessment in full detail, register on goodwhale.com to access our platform. We provide insights on financial and business aspects, helping you make better decisions when it comes to your investments. More…
Peers
– GMS Inc ($NYSE:GMS)
GMS Inc is a publicly traded company with a market capitalization of $1.89 billion as of 2022. The company has a return on equity of 26.33%. GMS Inc is engaged in the business of marketing and distributing acoustical and construction products. The company operates in three segments: North American Operations, European Operations, and Asia-Pacific Operations.
– BlueLinx Holdings Inc ($NYSE:BXC)
BlueLinx Holdings Inc is a leading provider of building products and services in North America. The company has a market cap of 573.84M as of 2022 and a return on equity of 58.79%. BlueLinx offers a broad range of products and services that meet the needs of its customers. The company’s products include lumber, engineered wood, windows, doors, decking, siding, and more. BlueLinx also provides services such as installation, delivery, and financing.
– Beacon Roofing Supply Inc ($NASDAQ:BECN)
Beacon Roofing Supply Inc is a distributor of roofing materials and complementary building products, serving contractors, remodelers and homebuilders in the United States. As of 2022, it had a market cap of 3.56 billion and a return on equity of 11.71%. The company supplies a range of roofing products, including asphalt shingles, metal roofing, slate roofing, tile roofing, commercial roofing and residential roofing. It also offers complementary building products, such as decking, siding, windows, doors, millwork and drywall.
Summary
Investors should take note of the positive financial performance of Installed Building Products for Q2 2023. The company reported total revenue of USD 692.1 million with year-over-year growth of 2.3%, as well as a net income of USD 61.6 million with a year-over-year growth of 2.8%. This strong performance in the face of a global pandemic is indicative of the company’s ability to weather any economic storm. Therefore, Installed Building Products is a sound investment for those looking for long-term growth potential in a stable sector.
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