Installed Building Products Q2 Earnings Call Highlights

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Sat, August 8, 2026 astatine 8:04 AM CDT 7 min read

Key Points

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Q2 gross roseate 2% to $778 million, arsenic commercialized installation, manufacturing and organisation maturation offset continued weakness successful caller single-family housing. Consolidated same-branch income declined little than 1%, portion commercialized income accrued 10% and caller residential income fell 6%.
Adjusted EBITDA was $131 million, with a 16.9% margin, but profitability faced unit from higher substance and aesculapian costs and a greater premix of lower-margin businesses. Adjusted gross borderline declined to 33.3% from 34.2% a twelvemonth earlier.
IBP completed acquisitions representing astir $30 cardinal successful yearly income and expects to get astatine slightest $100 cardinal of gross during 2026. The institution besides repurchased $76 cardinal of stock, held a 1.34x net-debt-to-EBITDA ratio and raised its quarterly dividend by much than 5%.

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Installed Building Products (NYSE:IBP) reported second-quarter 2026 gross maturation contempt continued unit successful caller single-family housing, arsenic spot successful commercialized installation, manufacturing and organisation businesses helped offset softer residential activity.

Consolidated nett gross accrued 2% to $778 cardinal from $760 cardinal a twelvemonth earlier. Same-branch income declined little than 1% connected a consolidated basis, portion installation-segment same-branch income fell 2%. A 6% diminution successful caller residential same-branch income was partially offset by a 10% summation successful commercialized same-branch sales.

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Chairman and CEO Jeff Edwards said the institution continued to navigate a challenging lodging situation marked by affordability concerns and little user confidence. He said IBP's much diversified operating level provided aggregate avenues for growth, including commercialized installation, manufacturing and distribution.

Commercial Growth Offsets Residential Weakness

IBP said its commercialized extremity marketplace recorded double-digit installation income maturation for the 5th consecutive quarter. Heavy commercialized income roseate much than 15% during the quarter, with CFO Michael Miller aboriginal describing the concern arsenic a cardinal maturation driver. Heavy commercialized same-branch income roseate astir 16%, though Miller said maturation rates could mean successful the 2nd fractional arsenic comparisons go much difficult.

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