Installed Building Products: Q2 Earnings Snapshot

August 4, 2022 GMT

COLUMBUS, Ohio (AP) _ Installed Building Products Inc. (IBP) on Thursday reported second-quarter net income of $59.9 million.

On a per-share basis, the Columbus, Ohio-based company said it had profit of $2.07. Earnings, adjusted for one-time gains and costs, were $2.48 per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.96 per share.

The residential insulation installer posted revenue of $676.7 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $621.3 million.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IBP at https://www.zacks.com/ap/IBP