Installed Building Products Announces the Acquisition of Capital Insulation, LLC
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 Announces Successful Repricing of Term Loan B Facility and a Share Repurchase Update
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 Publishes 2024 Environmental, Social and Governance Report
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. (NYSE: IBP) is a Stock Spotlight on 3/14Installed Building Products, Inc. (
NYSEIBP) is the focus of IBN’s latest stock spotlight. The company’s shares have moved -0.94% on the day to $238.22.
Installed Building Products Announces the Acquisition of Tatum Insulation III, LLC
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 Reports Record Third Quarter 2024 Results; Declares Regular Quarterly Cash Dividend
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 to Report Third Quarter 2024 Financial Results
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 Announces the Acquisition of Wholesale Insulation Supply, Inc. DBA Insulation Supplies
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.
Top 3 Homebuilder Stocks to Watch as Rates DropHomebuilder stocks have rallied this year in anticipation of a rate cut; now that the Fed has initiated its first trim, a few firms stand out from the pack.
IBP’s Advanced Fiber Technology Opens Second Production Line in Bucyrus
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 Reports Record Second Quarter 2024 Results; Declares Regular Quarterly Cash Dividend
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 Announces the Acquisition of Euroview Enterprises, LLC
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 to Report Second Quarter 2024 Financial Results
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 Awarded With “National Preferred Partner” Distinction for Fourth Year in a Row
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 Announces the Acquisition of Thrice Energy Solutions, LLC, Gutter Pro Enterprises, Inc., and a Share Repurchase Update
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 Reports First Quarter 2024 Results; Declares Regular Quarterly Cash Dividend
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 to Report First Quarter 2024 Financial Results
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 Successfully Closes New Term Loan B Facility
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 Celebrates Five Years of Community Impact
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 Announces Plans to Refinance and Extend its Term Loan B Facility
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 Reports Record Fourth Quarter and Fiscal Year 2023 Results
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 to Report Fourth Quarter 2023 Financial Results
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 to Celebrate 10th Anniversary of NYSE Listing
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 Announces the Acquisition of Combee Insulation of Florida, LLC
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 Announces Ratings Upgrade from Moody’s
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.
