Installed Building Products reported second-quarter net revenue of $777.8 million, a record for the period and up 2.3% from $760.3 million a year earlier, but profit and margins declined as residential weakness offset growth in other areas. Net income fell to $64.9 million, or $2.43 per diluted share, from $69.0 million and $2.52 a year ago, while adjusted EBITDA slid 2.3% to $130.9 million, with margin compressing to 16.9% from 17.6%. The company's other revenue, covering manufacturing and distribution, jumped 50.4% to $67.1 million, and commercial same-branch sales grew 10.4%, but residential same-branch installation sales fell 6.1%. Acquisitions, including Diamond Energy Systems, Harkraft, and Builders Hardware of South Carolina, added about $30 million in annual revenue, and the company expects to acquire at least $100 million in revenue for 2026. The board raised the quarterly dividend to $0.39 per share, a more than 5% increase, and the company repurchased about 365,000 shares for $76.2 million, with $398 million remaining under its buyback authorization.
Installed Building Products IncRecord revenue but net income, EPS, and EBITDA margin all declined, with residential weakness offsetting commercial and other-revenue growth.
