Articles from Installed Building Products, Inc.

Installed Building Products, Inc. (the “Company” or “IBP”) (NYSEIBP), an industry-leading installer of insulation and complementary building products, today announced the acquisition of Capital Insulation, LLC and CBS & Mirror, LLC (collectively “Capital”). Capital is located in Houston, Texas and serves the single-family, multifamily, and commercial end markets. Capital focuses on installation opportunities in new construction projects and primarily installs fiberglass and spray foam insulation.

Installed Building Products, Inc. (the “Company”) (NYSEIBP), an industry-leading installer of insulation and complementary building products, today announced that the Company successfully repriced its $500 million term loan (the “Term Loan”). Also, during the month of November, IBP repurchased 250 thousand shares of its common stock at a total cost of approximately $52 million, including commissions. To date in 2024, the Company has repurchased 565 thousand shares for $118 million with approximately $182 million remaining under the current authorization, expiring March 1, 2025.

Installed Building Products, Inc. (the “Company” or “IBP”) (NYSEIBP), an industry-leading installer of insulation and complementary building products, announced today the release of the Company’s 2024 Environmental, Social and Governance (“ESG”) report, which highlights important milestones the Company achieved during the past year, as well as the Company’s ongoing ESG policies and commitment to the environment, its employees, and its communities by promoting a more sustainable and equitable future.

Installed Building Products, Inc. (the “Company” or “IBP”) (NYSEIBP), an industry-leading installer of insulation and complementary building products, today announced the acquisition of Tatum Insulation III, LLC (“Tatum”). Tatum is headquartered just outside of Wilmington, North Carolina, and serves new residential and new commercial end markets throughout the state. Tatum installs multiple building products including fiberglass insulation, shower doors, shelving, mirrors, and other products installed in the interior of homes and buildings.

Installed Building Products, Inc. (the "Company" or "IBP") (NYSEIBP), an industry-leading installer of insulation and complementary building products, today announced results for the third quarter ended September 30, 2024.

Installed Building Products, Inc. (the “Company”) (NYSEIBP), an industry-leading installer of insulation and complementary building products, announced today that the Company will release its third quarter 2024 financial results on November 7, 2024. A webcast and conference call will be held that same day at 10:00 a.m. (Eastern Time) to review the Company’s results.

Installed Building Products, Inc. (the “Company” or “IBP”) (NYSEIBP), an industry-leading installer of insulation and complementary building products, today announced the acquisition of Wholesale Insulation Supply, Inc. doing business as Insulation Supplies.

Advanced Fiber Technology (AFT), an Installed Building Product’s (IBP) (NYSEIBP) company, has opened the second line of its manufacturing plant in Bucyrus, Ohio. This expansion will increase the production of high-performance, reliable Carbon-Smart™ Loose-Fill Cellulose Insulation and support local economic growth.

Installed Building Products, Inc. (the "Company" or "IBP") (NYSEIBP), an industry-leading installer of insulation and complementary building products, today announced results for the second quarter ended June 30, 2024.

Installed Building Products, Inc. (the “Company” or “IBP”) (NYSEIBP), an industry-leading installer of insulation and complementary building products, today announced the acquisition of Euroview Enterprises, LLC, Contract Mirror and Supply Co., and CLM Solutions, LLC (collectively “Euroview”). Established in 1961, Euroview is headquartered in Elk Grove Village, Illinois, with an additional location in Burnsville, Minnesota. Euroview focuses on new single-family and multi-family construction projects throughout Illinois and Minnesota with a separate, smaller entity that focuses on commercial projects. Shower doors, shelving, and mirrors make up the vast majority of Euroview’s revenue.

Installed Building Products, Inc. (the “Company”) (NYSEIBP), an industry-leading installer of insulation and complementary building products, announced today that the Company will release its second quarter 2024 financial results on August 1, 2024. A webcast and conference call will be held that same day at 10:00 a.m. (Eastern Time) to review the Company’s results.

Installed Building Products, Inc. (the “Company” or “IBP”) (NYSEIBP) earned the National Preferred Partner Award from David Weekley Homes’ 20th annual National Preferred Partner Survey. The award recognizes field and manufacturing partners who have consistently operated at world-class levels, as determined by the home builder’s supplier evaluation platform.

Installed Building Products, Inc. (the “Company” or “IBP”) (NYSEIBP), an industry-leading installer of insulation and complementary building products, today announced the acquisition of Thrice Energy Solutions, LLC (“Thrice”). Located in Oklahoma City, Oklahoma, Thrice has a new residential and commercial end market presence throughout Oklahoma and Texas primarily installing fiberglass and spray foam insulation.

Installed Building Products, Inc. (the "Company" or "IBP") (NYSEIBP), an industry-leading installer of insulation and complementary building products, today announced results for the first quarter ended March 31, 2024.

Installed Building Products, Inc. (the “Company”) (NYSEIBP), an industry-leading installer of insulation and complementary building products, announced today that the Company will release its first quarter 2024 financial results on May 9, 2024. A webcast and conference call will be held that same day at 10:00 a.m. (Eastern Time) to review the Company’s results.

Installed Building Products, Inc. (the “Company” or “IBP”) (NYSEIBP), an industry-leading installer of insulation and complementary building products, today announced that the Company has successfully closed its previously announced new 7-year $500 million term loan (the “New Term Loan”).

Installed Building Products, Inc. (NYSEIBP), an industry-leading installer of insulation and complementary building products, is proud to celebrate the fifth anniversary of its community giving initiatives, which have significantly contributed over $10 million in educational scholarships and support to diverse nonprofits.

Installed Building Products, Inc. (the “Company” or “IBP”) (NYSEIBP), an industry-leading installer of insulation and complementary building products, today announced that the Company is seeking to refinance and extend its existing $490 million Term Loan B facility due 2028 with a new 7-year $500 million term loan (the “New Term Loan”) due 2031. Net proceeds of the New Term Loan will be used to refinance the existing term loan and pay fees.

Installed Building Products, Inc. (the "Company" or "IBP") (NYSEIBP), an industry-leading installer of insulation and complementary building products, today announced results for the fourth quarter ended December 31, 2023.

Installed Building Products, Inc. (the “Company”) (NYSEIBP), an industry-leading installer of insulation and complementary building products, announced today that the Company will release its fourth quarter 2023 financial results on February 22, 2024. A webcast and conference call will be held that same day at 10:00 a.m. (Eastern Time) to review the Company’s results.

Installed Building Products, Inc. (the “Company” or “IBP”) (NYSEIBP), an industry-leading installer of insulation and complementary building products, today announced it will celebrate the 10th anniversary of its listing on the New York Stock Exchange (NYSE) by ringing The Closing Bell at 4:00 p.m. ET on Monday, February 12, 2024.

Installed Building Products, Inc. (the “Company” or “IBP”) (NYSEIBP), an industry-leading installer of insulation and complementary building products, today announced the acquisition of Combee Insulation Company, Inc., Combee Foam Products, Inc. and Air Tight Diagnostics, LLC (collectively “Combee”). Established in 1970, Combee is headquartered in Lakeland, Florida and installs a diverse mix of building products including, fiberglass insulation, spray foam insulation, and garage doors, primarily into new residential construction projects throughout the greater Central Florida area.

Installed Building Products, Inc. (the “Company” or “IBP”) (NYSEIBP), an industry-leading installer of insulation and complementary building products, today announced that Moody's Investors Service, Inc. ("Moody's") has upgraded IBP’s corporate family rating to Ba1 from Ba2, probability of default rating to Ba1-PD from Ba2-PD. Moody's also upgraded the rating on the Company's existing senior secured first lien term loan due 2028 to Ba1 from Ba2 and senior unsecured notes due 2028 to Ba2 from B1. The Company's speculative grade liquidity rating remains SGL-1. The outlook is maintained at stable.

Installed Building Products, Inc. (the "Company" or "IBP") (NYSEIBP), an industry-leading installer of insulation and complementary building products, today announced results for the third quarter ended September 30, 2023.

Installed Building Products, Inc. (the “Company”) (NYSEIBP), an industry-leading installer of insulation and complementary building products, announced today that the Company will release its third quarter 2023 financial results on November 8, 2023. A webcast and conference call will be held that same day at 10:00 a.m. (Eastern Time) to review the Company’s results.

Installed Building Products, Inc. (the “Company” or “IBP”) (NYSEIBP), an industry-leading installer of insulation and complimentary building products, today announced that Jay P. Elliott has notified the Company of his decision to retire as Chief Operating Officer, effective December 31, 2023. Following his retirement, Mr. Elliott is expected to serve in an advisory role to the Company on business strategy and development.

Installed Building Products, Inc. (the “Company” or “IBP”) (NYSEIBP), an industry-leading installer of insulation and complementary building products, announced today the release of the Company’s 2023 Environmental, Social and Governance (“ESG”) report, which highlights important milestones the Company achieved during the past year as well as the Company’s ongoing ESG policies and commitment to the environment, its employees, and its communities by promoting a more sustainable and equitable future.

Installed Building Products, Inc. (the “Company” or “IBP”) (NYSEIBP), an industry-leading installer of insulation and complementary building products, today announced the acquisition of Interior 2000 Products, LLC (“Interior 2000”). Established in 1999, Interior 2000 installs shower, shelving, and mirror products, as well as fireplaces into new and existing residential and commercial construction projects throughout the greater Richmond, Virginia market.

Installed Building Products, Inc. (the “Company” or “IBP”) (NYSEIBP), an industry-leading installer of insulation and complementary building products, today announced that the Company has successfully completed the repricing of the Company's approximately $492.5 million of existing term loans (the “Tranche B-1 Term Loans”).

Installed Building Products, Inc. (the "Company" or "IBP") (NYSEIBP), an industry-leading installer of insulation and complementary building products, today announced results for the second quarter ended June 30, 2023.

Installed Building Products, Inc. (the “Company”) (NYSEIBP), an industry-leading installer of insulation products, announced today that the Company will release its second quarter 2023 financial results on August 2, 2023. A webcast and conference call will be held that same day at 10:00 a.m. (Eastern Time) to review the Company’s results.

Installed Building Products, Inc. (the “Company” or “IBP”) (NYSEIBP), an industry-leading installer of insulation and complementary building products, today announced that Marchelle E. Moore was elected as an independent director to the Company’s Board of Directors at the Company's 2023 Annual Meeting. After six years of service, Vikas Verma retired from the Board of Directors and did not stand for re-election. The Company's Board of Directors remains at nine members.

Installed Building Products, Inc. (the "Company" or "IBP") (NYSEIBP), an industry-leading installer of insulation and complementary building products, today announced results for the first quarter ended March 31, 2023.

Installed Building Products, Inc. (the “Company”) (NYSEIBP), an industry-leading installer of insulation products, announced today that the Company will release its first quarter 2023 financial results on May 4, 2023. A webcast and conference call will be held that same day at 10:00 a.m. (Eastern Time) to review the Company’s results.

Installed Building Products, Inc. (the “Company” or “IBP”) (NYSEIBP), an industry-leading installer of insulation and complementary building products, today announced the acquisition of Anchor Insulation Co., Inc. (“Anchor Insulation”). Established in 1980, Anchor Insulation is headquartered in Pawtucket, Rhode Island and primarily installs residential, mechanical and industrial insulation. Anchor Insulation serves residential, commercial and industrial customers across the Northeast from branches in Rhode Island, Connecticut, and Massachusetts.

Installed Building Products, Inc. (the "Company" or "IBP") (NYSEIBP), an industry-leading installer of insulation and complementary building products, today announced results for the fourth quarter ended December 31, 2022.

Installed Building Products, Inc. (the “Company”) (NYSEIBP), an industry-leading installer of insulation products, announced today that the Company will release its fourth quarter 2022 financial results on February 22, 2023. A webcast and conference call will be held that same day at 10:00 a.m. (Eastern Time) to review the Company’s results.

Installed Building Products, Inc. (the “Company” or “IBP”) (NYSEIBP), an industry-leading installer of insulation and complementary building products, today announced the acquisition of ABS Insulating Company, Inc., ABS Sprayfoam Insulation, Inc., and ABS Coastal Insulating Company, LLC (collectively “ABS”). Established in 1991, ABS serves the greater Charlotte, NC and Myrtle Beach, SC markets, installing fiberglass insulation, spray foam insulation, and gutters into new residential projects.

Installed Building Products, Inc. (the “Company” or “IBP”) (NYSEIBP), an industry-leading installer of insulation and complementary building products, today announced the acquisition of Orr Industries, LLC (“Orr”). Established in 2012, Orr has locations near Scranton, PA with services in Pennsylvania and New York. Orr primarily installs spray foam and fiberglass insulation in residential and commercial projects and offers fireproofing and waterproofing services for commercial structures as well.

Installed Building Products, Inc. (the “Company” or “IBP”) (NYSEIBP), an industry-leading installer of insulation and complementary building products, today announced the acquisition of Surface Purveyors, LLC doing business as Lynch Insulation (“Lynch”). Established in 1979, Lynch has locations in Missoula, MT and Hamilton, MT. Lynch primarily installs fiberglass and spray foam insulation into multifamily, residential, and commercial projects in Montana.

Installed Building Products, Inc. (the “Company” or “IBP”) (NYSEIBP), an industry-leading installer of insulation and complementary building products, today announced that members of management will participate in the following investor conferences:

Installed Building Products, Inc. (the "Company" or "IBP") (NYSEIBP), an industry-leading installer of insulation and complementary building products, today announced results for the third quarter ended September 30, 2022.

Installed Building Products, Inc. (the “Company”) (NYSEIBP), an industry-leading installer of insulation products, announced today that the Company will release its third quarter 2022 financial results on November 3, 2022. A webcast and conference call will be held that same day at 10:00 a.m. (Eastern Time) to review the Company’s results.

Installed Building Products, Inc. (the “Company” or “IBP”) (NYSEIBP) earned The Little Red Hen Award from Lennar, a top national home builder, for the second year in a row. The Little Red Hen Awards recognize partners in the industry that reflect Lennar’s core values and culture and go above and beyond to be a good partner in the community.

Installed Building Products, Inc. (the “Company” or “IBP”) (NYSEIBP), an industry-leading installer of insulation and complementary building products, today announced that members of management will participate in the following investor conferences:

Installed Building Products, Inc. (the “Company” or “IBP”) (NYSEIBP), an industry-leading installer of insulation and complementary building products, announced today the release of the Company’s 2022 Environmental, Social and Governance (“ESG”) report, which has been posted on the Company’s website (www.installedbuildingproducts.com) under the Sustainability section. The report details the Company’s dedication to its ESG policies and emphasizes IBP’s positive impact on the environment, its employees, and its communities by promoting a more sustainable and equitable future.

Installed Building Products, Inc. (the "Company" or "IBP") (NYSEIBP), an industry-leading installer of insulation and complementary building products, today announced results for the second quarter ended June 30, 2022.

Installed Building Products, Inc. (the “Company”) (NYSEIBP), an industry-leading installer of insulation products, announced today that the Company will release its second quarter 2022 financial results on August 4, 2022. A webcast and conference call will be held that same day at 10:00 a.m. (Eastern Time) to review the Company’s results.

Installed Building Products, Inc. (the “Company” or “IBP”) (NYSEIBP), an industry-leading installer of insulation and complementary building products, today announced that Robert H. Schottenstein has been appointed as an independent director to the Company’s Board of Directors. Mr. Schottenstein previously served on the Board from April 2014 to March 2020. With this appointment, the Board now has nine members.

Installed Building Products, Inc. (the “Company” or “IBP”) (NYSEIBP) earned the National Preferred Partner Award from David Weekley Homes’ 18th annual National Preferred Partner Survey. The award recognizes field and manufacturing partners that have consistently operated at world-class levels for quality and customer service, as determined by the home builder’s supplier evaluation platform.

Installed Building Products, Inc. (the “Company” or “IBP”) (NYSEIBP), an industry-leading installer of insulation and complementary building products, today announced that members of management will participate in the following investor conferences:

Installed Building Products, Inc. (the “Company” or “IBP”) (NYSEIBP), an industry-leading installer of insulation and complementary building products, announced today the acquisition of Statewide Insulation, Inc. doing business as Tri-County Insulation and Acoustical Contractors (“Tri-County”). Established in 1974, Tri-County is headquartered in Santa Clara, California, with two additional California locations in Santa Cruz and Santa Maria. Tri-County primarily installs fiberglass insulation, spray foam insulation, and acoustical ceiling insulation into new residential, multifamily, and commercial projects in California.

Installed Building Products, Inc. (the "Company" or "IBP") (NYSEIBP), an industry-leading installer of insulation and complementary building products, today announced results for the first quarter ended March 31, 2022.

Installed Building Products, Inc. (the “Company” or “IBP”) (NYSEIBP), an industry-leading installer of insulation and complementary building products, today announced that members of management will participate in the following investor conferences:

Installed Building Products, Inc. (the “Company”) (NYSEIBP), an industry-leading installer of insulation products, announced today that the Company will release its first quarter 2022 financial results on May 5, 2022. A webcast and conference call will be held that same day at 10:00 a.m. (Eastern Time) to review the Company’s results.

Installed Building Products, Inc. (the “Company” or “IBP”) (NYSEIBP), an industry-leading installer of insulation and complementary building products, today announced that it has invested in Energi.ai, a unified data driven, artificial intelligence (“AI”), and machine learning platform for climate action. IBP will become the first U.S. client to utilize the Energi.ai platform.

Installed Building Products, Inc. (the “Company” or “IBP”) (NYSEIBP), an industry-leading installer of insulation and complementary building products, announced today the acquisition of Central Aluminum Supply Corporation and Central Aluminum Supply of North Jersey, LLC (“CAS”). Established in 2004, CAS is headquartered in Trenton, New Jersey and is a distributor of gutter supplies and accessories to residential, multifamily and commercial markets, primarily in existing or retrofit construction projects across the U.S. Northeast and Mid-Atlantic.

Installed Building Products, Inc. (the "Company" or "IBP") (NYSEIBP), an industry-leading installer of insulation and complementary building products, today announced record results for the fourth quarter and fiscal year ended December 31, 2021.

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Installed Building Products, Inc. (the “Company” or “IBP”) (NYSEIBP), an industry-leading installer of insulation and complementary building products, today announced that the Company has amended its asset-based lending credit facility (“New ABL Revolver”), which now provides up to $250 million in asset-based borrowing capacity and extends the maturity date to February 17, 2027. The New ABL Revolver terms amend the terms of the prior $200 million asset-based lending credit facility terms, which was undrawn and set to mature on September 26, 2024. There is nothing currently drawn on the New ABL Revolver.

Installed Building Products, Inc. (the “Company”) (NYSEIBP), an industry-leading installer of insulation products, announced today that the Company will release its fourth quarter 2021 financial results on February 24, 2022. A webcast and conference call will be held that same day at 10:00 a.m. (Eastern Time) to review the Company’s results.

During its third year, the Installed Building Products Foundation – established by Installed Building Products, Inc. (NYSEIBP), an industry-leading installer of insulation and building products – donated $1.3 million in 2021 in grants to nonprofits.

Installed Building Products, Inc. (the “Company”) (NYSEIBP), an industry-leading installer of insulation and complementary building products, announced today that the Company has successfully closed its previously announced new 7-year $500 million Term Loan (the “New Term Loan”).

Installed Building Products, Inc. (the “Company” or “IBP”) (NYSEIBP), an industry-leading installer of insulation and complementary building products, announced today the acquisition of AMD Distribution, Inc. (“AMD”) headquartered in Spring Valley, Minnesota.

Installed Building Products, Inc. (the “Company”) (NYSEIBP), an industry-leading installer of insulation and complementary building products, announced today that the Company is seeking to raise a new 7-year $500 million Term Loan (the “New Term Loan”) due 2028. Net proceeds of the New Term Loan will be used to refinance its existing $200 million Term Loan B facility due April 2025 as well as for acquisitions, other growth initiatives and general corporate purposes.

Installed Building Products, Inc. (the “Company” or “IBP”) (NYSEIBP), an industry-leading installer of insulation and complementary building products, today announced that members of management will participate virtually in the following investor conferences:

Installed Building Products, Inc. (the “Company” or “IBP”) (NYSEIBP), an industry-leading installer of insulation and complementary building products, announced today the acquisition of CFI Insulation, Inc. (“CFI”). Established in 2003, CFI is headquartered in Knoxville, Tennessee and primarily installs fiberglass and spray foam insulation into new residential, multifamily and commercial construction projects.

Installed Building Products, Inc. (the "Company" or "IBP") (NYSEIBP), an industry-leading installer of insulation and complementary building products, today announced results for the third quarter ended September 30, 2021, and also announced that its Board of Directors has approved the Company’s fourth quarter cash dividend.

Installed Building Products, Inc. (the “Company” or “IBP”) (NYSEIBP), an industry-leading installer of insulation and complementary building products, announced today the acquisition of Denison Glass and Mirror, Inc. (“Denison”) and an affiliated entity, DGM Glass, LLC (“DG” and collectively with Denison, “DGM”). Established in 1947, Denison is located in Denison, Texas and primarily serves the Dallas/Fort Worth area. Denison primarily installs glass, frames, curtainwall, and related products into new commercial construction projects. DG primarily installs shower doors and windows in new and existing residential projects.

Installed Building Products, Inc. (the “Company”) (NYSEIBP), an industry-leading installer of insulation products, announced today that the Company will release its third quarter 2021 financial results on November 4, 2021. A webcast and conference call will be held that same day at 10:00 a.m. (Eastern Time) to review the Company’s results.

Installed Building Products, Inc. (the “Company” or “IBP”) (NYSEIBP), an industry-leading installer of insulation and complementary building products, announced today the release of the Company’s inaugural Environmental, Social and Governance (“ESG”) report, which has been posted on the Company’s website (www.installedbuildingproducts.com) under the Who We Are – Sustainability section. The report details the Company’s ideals and endeavors regarding important ESG policies and highlights the actions IBP is pursuing to create a more sustainable future.

Installed Building Products, Inc. (the “Company” or “IBP”) (NYSEIBP), an industry-leading installer of insulation and complementary building products, announced today the acquisition of Five Star Building Products, LLC and Five Star Building Products of Southern Utah, LLC (“Five Star”). Founded in 2013, Five Star is located in Orem and St. George, Utah serving the Salt Lake City, Provo, and Southern Utah areas. Five Star primarily installs fiberglass insulation and garage doors to residential and multifamily customers. IBP also announced today the acquisition of MT Insulation, LLC, a Hummelstown, Pennsylvania based installer of insulation and gutters to residential and commercial customers in the greater Harrisburg, Pennsylvania area.

Installed Building Products, Inc. (the “Company” or “IBP”) (NYSEIBP) earned the National Preferred Partner Award from David Weekley Homes’ 17th annual National Preferred Partner Survey. The award recognizes field and manufacturing partners that have consistently operated at world-class levels, as determined by the home builder’s supplier evaluation platform. Installed Building Products is honored in the field partner category. The comprehensive process evaluates companies in the areas of quality and customer service.

Installed Building Products, Inc. (the “Company” or “IBP”) (NYSEIBP), an industry-leading installer of insulation and complementary building products, today announced that members of management will participate virtually in the following investor conferences:

Installed Building Products, Inc. (the "Company" or "IBP") (NYSEIBP), an industry-leading installer of insulation and complementary building products, today announced results for the second quarter ended June 30, 2021, and announced that IBP’s Board of Directors has approved the Company’s third quarter cash dividend.