Installed Building Products Reports Record $808.4 Million in Third-Quarter Revenue
The Columbus-based installer completed four acquisitions, added $250 million to a term loan, and approved a quarterly cash dividend.
Installed Building Products, Inc., an installer of insulation and complementary building products based in Columbus, reported record third-quarter net revenue of $808.4 million on Nov. 5, according to a company earnings release and an SEC filing.
The company reported net income of $59.4 million, or $2.24 per diluted share, compared to $74.4 million, or $2.74 per diluted share in the prior-year quarter. In its disclosure, Installed Building Products also identified non-GAAP financial measures, reporting adjusted EBITDA of $128.3 million and adjusted net income of $73.1 million, or $2.76 per diluted share. At the close of the quarter, the company held $415.9 million in cash and cash equivalents.
During the 2026 third quarter, Installed Building Products completed acquisitions that added approximately $22 million of annual revenue. The transactions included Harkraft, Inc.; Builders Hardware of South Carolina, Inc.; Chesapeake Hearth and Stone; and First Oklahoma Insulation, according to the company's report. The announcement did not disclose individual purchase prices for the acquisitions.
In other capital actions, Installed Building Products closed a $250 million loan add-on to its existing Term Loan B. The company's board of directors also approved a regular quarterly cash dividend of $0.39 per share, which is scheduled to be paid Dec. 31 to stockholders of record on Dec. 15.
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Supporting evidence (10)
Installed Building Products, Inc., an installer of insulation and complementary building products based in Columbus, reported record third-quarter net revenue of $808.4 million on Nov. 5, according to a company earnings release and an SEC filing.
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Installed Building Products, Inc. (the "Company" or "IBP") (NYSE: IBP), an industry-leading installer of insulation and complementary building products, today announced results for the third quarter ended September 30, 2026. Third Quarter 2026 Highlights (Comparisons are to Prior Year Period) Net revenue increased 3.9% to a record quarter of $808.4 million
The company reported net income of $59.4 million, or $2.24 per diluted share, compared to $74.4 million, or $2.74 per diluted share in the prior-year quarter.
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Net income was $59.4 million, or $2.24 per diluted share, compared to $74.4 million, or $2.74 per diluted share in the prior year quarter.
In its disclosure, Installed Building Products also identified non-GAAP financial measures, reporting adjusted EBITDA of $128.3 million and adjusted net income of $73.1 million, or $2.76 per diluted share.
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In addition to the financial measures prepared in accordance with U.S. generally accepted accounting principles (“GAAP”), this press release contains the non-GAAP financial measures of EBITDA, Adjusted EBITDA, Adjusted EBITDA margin (i.e., Adjusted EBITDA divided by net revenue), Adjusted Net Income, Adjusted Net Income per diluted share, Adjusted Gross Profit and Adjusted Selling and Administrative expense.
In its disclosure, Installed Building Products also identified non-GAAP financial measures, reporting adjusted EBITDA of $128.3 million and adjusted net income of $73.1 million, or $2.76 per diluted share.
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Adjusted EBITDA* was $128.3 million, an 8.3% decrease from the prior year quarter, representing an adjusted EBITDA margin* of 15.9%.
In its disclosure, Installed Building Products also identified non-GAAP financial measures, reporting adjusted EBITDA of $128.3 million and adjusted net income of $73.1 million, or $2.76 per diluted share.
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Adjusted net income* was $73.1 million, or $2.76 per diluted share, compared to $86.4 million, or $3.18 per diluted share in the prior year quarter.
At the close of the quarter, the company held $415.9 million in cash and cash equivalents.
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At September 30, 2026, IBP had $415.9 million in cash and cash equivalents
During the 2026 third quarter, Installed Building Products completed acquisitions that added approximately $22 million of annual revenue.
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During the 2026 third quarter, IBP completed the following acquisitions, which added approximately $22 million of annual revenue:
The transactions included Harkraft, Inc.; Builders Hardware of South Carolina, Inc.; Chesapeake Hearth and Stone; and First Oklahoma Insulation, according to the company's report.
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Harkraft, Inc. Res. Shower doors, shelving, mirrors, and accessories $7 million Jul. 2026 Builders Hardware of South Carolina, Inc. Res. Door, bath, and fencing hardware $7 million Aug. 2026 Chesapeake Hearth and Stone Res. Fireplaces $4 million Sep. 2026 First Oklahoma Insulation
In other capital actions, Installed Building Products closed a $250 million loan add-on to its existing Term Loan B. The company's board of directors also approved a regular quarterly cash dividend of $0.39 per share, which is scheduled to be paid Dec. 31 to stockholders of record on Dec. 15.
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IBP closed a $250 million Add-On to its existing Term Loan B
In other capital actions, Installed Building Products closed a $250 million loan add-on to its existing Term Loan B. The company's board of directors also approved a regular quarterly cash dividend of $0.39 per share, which is scheduled to be paid Dec. 31 to stockholders of record on Dec. 15.
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IBP’s Board of Directors has approved the Company’s quarterly cash dividend of $0.39 per share, payable on December 31, 2026, to stockholders of record on December 15, 2026.
IBP 8-K Items 2.02/7.01 — Q3 2026 results + $0.39 dividend, filed Nov. 5, 2026
Supporting evidence (1)
Installed Building Products, Inc., an installer of insulation and complementary building products based in Columbus, reported record third-quarter net revenue of $808.4 million on Nov. 5, according to a company earnings release and an SEC filing.
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HQ address updated to 155 E. Broad St., Suite 300, Columbus.