Installed Building Products Q3 revenue rises 7.7% to record $760.6 million
Installed Building Products reported third-quarter 2024 net revenue of $760.6 million, up 7.7% from a year earlier, and net income of $68.6 million, up 0.9%. Diluted earnings per share rose 1.7% to $2.44, and the board declared a $0.35 quarterly dividend. Margins narrowed, which the company attributed to a shift toward production builders and higher insurance expense.
Key points
- Net revenue of $760.6 million, up 7.7% from $706.5 million; same branch revenue up 5.2%
- Net income of $68.6 million, or $2.44 per diluted share, versus $68.0 million, or $2.40, a year earlier
- Quarterly cash dividend of $0.35 per share, payable December 31, 2024, to holders of record on December 15, 2024
- In October 2024, the company acquired Insulation Supplies, with annual revenue of over $22 million
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:59 AM ET, from the text of the filing and its press-release exhibits 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 November 07, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.