US45780R1014 - Common Stock
INSTALLED BUILDING PRODUCTS
NYSE:IBP (5/10/2024, 7:04:00 PM)
After market: 233.65 0 (0%)233.65
-3.13 (-1.32%)
Installed Building Products, Inc. engages in the business of installing insulation for the residential new construction market. The company is headquartered in Columbus, Ohio and currently employs 10,300 full-time employees. The company went IPO on 2014-02-13. The firm's building products include waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors, and other products for residential and commercial builders. Its segments include Installation, Distribution and Manufacturing. Its Installation segment is engaged in the installation of various products in the residential new construction, repair and remodel and commercial construction end markets from its national network of branch locations. Its Distribution segment sells insulation, gutters and accessories primarily to installers of these products who operate in multiple end markets. Its Manufacturing segment consists of its cellulose insulation manufacturing operations. The firm operates over 240 branch locations serving all 48 continental states and the District of Columbia.
INSTALLED BUILDING PRODUCTS
495 S High St Ste 50
Columbus OHIO 43215
P: 16142213399
CEO: Jeffrey W. Edwards
Employees: 10300
Big earnings winners and losers continued.
IBP stock results show that Installed Building Prods beat analyst estimates for earnings per share and beat on revenue for the first quarter of 2024.
Is INSTALLED BUILDING PRODUCTS (NYSE:IBP) a Strong Candidate for Quality Investing?
Homebuilder stocks face sharp declines as the SPDR Homebuilders ETF (NYSE:XHB) drops 1.8% in Tuesday’s session, hitting its lowest level since Feb. 26, 2024, amid negative economic data. From the start of the month, this performance gauge has fallen approximately 10%, marking the first market correction since September 2023 after a significant 60% rally in the six months leading up to late March. Tuesday’s worst performers among U.S. homebuilder stocks were Installed Building Products, Inc. (NYS
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