INSTALLED BUILDING PRODUCTS Reports Third Quarter FY2023 Earnings with Total Revenue of USD 706.5M, Down 1.8% YoY
November 21, 2023
🌥️Earnings Overview
On November 8 2023, INSTALLED BUILDING PRODUCTS ($NYSE:IBP) announced their earnings results for the third quarter of FY2023, with a revenue of USD 706.5 million, a 1.8% decrease from the same quarter of the previous year. Net income for this period was USD 68.0 million, an 11.5% increase from the same quarter of the previous year.
Analysis
GoodWhale has conducted an analysis of INSTALLED BUILDING PRODUCTS’s financials and found that the company has a high health score of 9/10 with regard to its cashflows and debt. This suggests that the company is capable of weathering any economic crisis without the risk of bankruptcy. According to the Star Chart, we have classified INSTALLED BUILDING PRODUCTS as a ‘gorilla’, a type of company which has achieved sustained and high revenue or earnings growth due to its strong competitive advantage. Investors interested in such companies are likely to be seeking growth, profitability, and medium-term asset value. Additionally, INSTALLED BUILDING PRODUCTS also provides investors with dividends, which further enhances the company’s attractiveness to potential investors. In light of all these factors, it is clear that INSTALLED BUILDING PRODUCTS is an ideal choice for investors seeking a safe and profitable investment. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for IBP. More…
| Total Revenues | Net Income | Net Margin |
| 2.74k | 247.59 | 8.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for IBP. More…
| Operations | Investing | Financing |
| 329.78 | -96.61 | -96.81 |
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 |
| 1.92k | 1.29k | 22.11 |
Key Ratios Snapshot
Some of the financial key ratios for IBP are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 19.4% | 33.1% | 13.7% |
| FCF Margin | ROE | ROA |
| 9.9% | 39.4% | 12.2% |
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
Installed Building Products reported their earnings results for the third quarter of FY2023 on November 8th 2023, which showed a total revenue of USD 706.5 million, a decrease of 1.8% compared to the same period of the previous year. Net income was USD 68.0 million, showing an increase of 11.5% compared to the same period of the previous year. This indicates that investors in Installed Building Products may find good opportunities for growth in the long-term.
The company’s revenue and net income continue to remain competitive, despite the short-term decrease in revenue. This could be a sign of strong financial health and stability for investors, who may consider placing their money in this company.
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