Overview

• Insulation installer Q4 revenue slightly beat analyst expectations

• Adjusted EPS for Q4 beat analyst expectations

• Company authorized $500 mln stock repurchase program

Outlook

• Company expects to acquire at least $100 mln in annual revenue for 2026

• Company anticipates homebuilding activity to remain challenging in near-term

• IBP increases regular and variable dividends for 2026

Result Drivers

• INSTALLATION REVENUE DECLINE - Installation revenue fell 2.2% to $679.7 mln, impacted by reduced job volumes, despite recent acquisitions

• OTHER REVENUE GROWTH - Other revenue increased 22.8% to $67.8 mln, driven by manufacturing and distribution operations

• ACQUISITION STRATEGY - IBP completed acquisitions adding $45 mln in annual revenue, supporting growth amid residential market headwinds

Company press release: ID:nBw9VzxwBa

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 10 "hold" and 3 "sell" or "strong sell"

• The average consensus recommendation for the construction & engineering peer group is "buy."

• Wall Street's median 12-month price target for Installed Building Products Inc is $253.50, about 15.7% below its February 25 closing price of $300.74

• The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 24 three months ago

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