Earnings Releases·Nov 5, 2026, 7:31 AM ET

Installed Building Products — Third Quarter 2026 Earnings Summary

Net revenue rose 3.9% year-over-year to $808.4 million, driven by a 2.7% increase in installation revenue and an 18.9% surge in other revenue, though net income and adjusted net income declined to $59.4 million and $73.1 million respectively, with gross profit margins contracting to 31.8% from 34.0%.
The company acquired approximately $67 million in revenue year-to-date against a full-year target of at least $100 million, completing four acquisitions in Q3 that added $22 million in annual revenue, while commercial same branch sales grew 10.3% offsetting a 2.6% decline in residential sales.
Capital allocation included a $0.39 per share quarterly dividend declaration (a >5% increase), $101.7 million in common stock repurchases over the first nine months, and a $250 million term loan add-on to support liquidity, alongside a 9.9% decrease in EBITDA to $120.6 million.
Headwinds from soft single-family construction activity and cost inflation in fuel and aluminum pressured margins, yet the company maintained a strong balance sheet with $415.9 million in cash and emphasized a growth strategy focused on commercial expansion and acquisition integration.