Flash FinanceUS
Pre-market S&P 5007,376.86+0.31% Nasdaq24,579.42+1.09% Dow 3051,285.73-0.46% Russell 20002,754.11+0.89% Nasdaq-10026,989.99+1.35% MidCap 4003,602.50+0.56% SmallCap 6001,673.98+0.05% VIX25.64-9.01% 10Y Yield4.86+0.45% Close of Nov 06, 2026
AI brief of an SEC Form 8-K · Installed Building Products (IBP)

Installed Building Products Q2 revenue rises 6.6% to $737.6 million; net income up 5.8%

Positive Impact 3 of 5 earnings Written later

Installed Building Products reported second-quarter 2024 net revenue of $737.6 million, up 6.6%, and net income of $65.2 million, up 5.8%, both reported as second-quarter records. The company declared a $0.35 per share quarterly dividend and said it repurchased $46 million of stock in the quarter. Results include a $4.9 million asset impairment from winding down one commercial branch, and management said its 2024 outlook remains positive without giving new figures.

Key points

  • Net revenue rose 6.6% to $737.6 million; net income rose 5.8% to $65.2 million, or $2.30 per diluted share.
  • Adjusted EBITDA rose 6.3% to $129.8 million, a second-quarter record.
  • Quarterly dividend of $0.35 per share is payable September 30, 2024, to holders of record on September 15, 2024.
  • Repurchased about 215 thousand shares for $46 million; a $4.9 million asset impairment tied to closing one branch was recorded.

The filing

CompanyInstalled Building Products (IBP)
Form8-K, current report
Filed with the SECAug 1, 2024, 7:33 AM ET
Accession number0001580905-24-000034

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 01, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.