Installed Building Products: Q4 Earnings Snapshot
By AP News
Published - Feb 22, 2023, 08:06 AM ET
Last Updated - Jun 22, 2023, 08:23 PM EDT
COLUMBUS, Ohio (AP) — COLUMBUS, Ohio (AP) — Installed Building Products Inc. (IBP) on Wednesday reported fourth-quarter earnings of $68.7 million.
On a per-share basis, the Columbus, Ohio-based company said it had net income of $2.42. Earnings, adjusted for one-time gains and costs, came to $2.43 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.27 per share.
The residential insulation installer posted revenue of $686.5 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $682.3 million.
