Installed Building Products, Inc.

IBP 10-Q · Q1 2026

IBP Q1 2026 request

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Income Statement

Income Statement
Metric Q1 2026 Q1 2025 YoY
Revenue 660.5 684.8 -3.5%
Show Product Lines breakouts
Fireproofing/firestopping 29.5 20.5 +43.9%
Garage doors 38.2 42.4 -9.9%
Insulation 376.5 414.5 -9.2%
Net revenue, Installation 609.8 647.2 -5.8%
Other building products 38.6 40.9 -5.6%
Product And Service Other 50.7 37.6 +34.8%
Rain gutters 25.1 26.5 -5.3%
Shower doors, shelving and mirrors 47.5 51.1 -7.0%
Waterproofing 38.3 34 +12.6%
Window blinds 16.1 17.3 -6.9%
Show Business Segments breakouts
All Other Segments · Operating Segments 68.4 43.9 +55.8%
Installation 609.8 647.2 -5.8%
Installation · Operating Segments 609.8 647.2 -5.8%
Show Consolidation Items breakouts
Intersegment Elimination -17.7 -6.3 -181.0%
Operating Segments 660.5 684.8 -3.5%
Show Major Customers breakouts
Commercial 125.4 110.4 +13.6%
Net revenue, Installation 609.8 647.2 -5.8%
Other 50.7 37.6 +34.8%
Repair and remodel 41.1 42.4 -3.1%
Residential new construction 443.3 494.4 -10.3%
Show Related Party Transactions By Related Party breakouts
Related Party 5.1 4.9 +4.1%
Cost of Revenue 448.2 461.1 -2.8%
Gross Profit 212.3 223.7 -5.1%
Selling Expense 34 35.4 -4.0%
General & Administrative 110.2 108.4 +1.7%
Amortization Of Intangible Assets 10.5 10.1 +4.0%
Show Business Acquisition breakouts
Series Of Individually Immaterial Business Acquisitions 0.2 1.1 -81.8%
Operating Income 57.6 69.8 -17.5%
Interest Expense 10.3 8.3 +24.1%
Other Non-Operating Income (Expense) 0.2 0.2 0.0%
Income Before Taxes 47.1 61.3 -23.2%
Income Tax Expense (Benefit) 12.3 15.9 -22.6%
Show Business Acquisition breakouts
Series Of Individually Immaterial Business Acquisitions -0.1 0.4 -125.0%
Net Income 34.8 45.4 -23.3%
Show Equity Components breakouts
Retained Earnings 34.8 45.4 -23.3%
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax 0.3 -5.3 +105.7%
Show Equity Components breakouts
Accumulated Other Comprehensive Income 0.3 -5.3 +105.7%
Comprehensive Income 35.1 40.1 -12.5%
EPS (Basic) 1.3 1.65 -21.2%
EPS (Diluted) 1.29 1.64 -21.3%
Wtd Avg Shares (Basic) 26,798,598 27,517,419 -2.6%
Wtd Avg Shares (Diluted) 26,965,335 27,695,912 -2.6%
Common Stock Dividends Per Share Declared 2.19 2.07 +5.8%
Show Dividends breakouts
O 2026 Q1 Dividends 0.39
S 2026 A Dividends 1.8
Operating Expenses 154.7 153.9 +0.5%

Balance Sheet

Balance Sheet
Metric Q1 2026 Q1 2025 YoY
Current Assets
Cash & Cash Equivalents 474.3 298.7 +58.8%
Accounts Receivable 426.4 419.4 +1.7%
Show Related Party Transactions By Related Party breakouts
Affiliated Entity 1.4 1.4 0.0%
Related Party 1.5 1.5 0.0%
Inventory 205.7 198.4 +3.7%
Prepaid Expenses & Other Current Assets 63.7 78.2 -18.5%
Total Current Assets 1,170.1 994.7 +17.6%
Non-Current Assets
Operating Lease Right-of-Use Assets 99.2 96.9 +2.4%
Goodwill 460.8
Show Business Segments breakouts
Installation 350.1
Other 110.7
Show Business Acquisition breakouts
2026 Acquisitions 10.4
Other 3.3 2.8 +17.9%
Thermo-Tech 7.1
Intangible Assets 266.5 266.9 -0.1%
Show Finite Lived Intangible Assets By Major Class breakouts
Customer Relationships 175.1 176.2 -0.6%
Noncompete Agreements 5.3 6.8 -22.1%
Order Or Production Backlog 0.8 0.2 +300.0%
Other Intangible Assets 91.4 90.7 +0.8%
Trademarks And Trade Names 85.3 83.7 +1.9%
Other Non-Current Assets 42.2 28.8 +46.5%
Total Assets 2,229.8 1,999.3 +11.5%
Other Assets
Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization 191 176.4 +8.3%
Current Liabilities
Current Portion of Long-Term Debt 35.6 32.6 +9.2%
Operating Lease Liability Current 38.1 34.7 +9.8%
Finance Lease Liability Current 3.6 2.8 +28.6%
Accounts Payable 124.9 142.3 -12.2%
Employee Related Liabilities Current 55 53.8 +2.2%
Show Retirement Plan Type breakouts
Defined Benefit Postretirement Health Coverage 5 5.4 -7.4%
Other Liabilities Current 92.6 78.5 +18.0%
Total Current Liabilities 349.8 344.7 +1.5%
Non-Current Liabilities
Long-Term Debt 1,035.4 839.8 +23.3%
Operating Lease Liabilities 60.9 61.8 -1.5%
Finance Lease Liability Noncurrent 7 4.8 +45.8%
Deferred Tax Liabilities 24.5 24.4 +0.4%
Other Non-Current Liabilities 84.7 62.9 +34.7%
Total Liabilities 1,562.3 1,338.4 +16.7%
Long-Term Debt 1,071 872.4 +22.8%
Show Debt Instrument breakouts
5.625% Senior Notes due 2034 · Senior Notes 492.6
Term Loan Agreement · Medium Term Notes 487 491.4 -0.9%
Vehicle and Equipment · Notes Payable Other Payables 90.2 80.9 +11.5%
Show Long-Term Debt Type breakouts
Notes Payable Other Payables 1.2 1.8 -33.3%
Stockholders' Equity
Common Stock Value Outstanding 0.3 0.3 0.0%
Additional Paid In Capital Common Stock 291.3 268.4 +8.5%
Retained Earnings 1,019 853.6 +19.4%
Treasury Stock Common Value -665.5 -491.1 -35.5%
Accumulated Other Comprehensive Income 22.4 29.7 -24.6%
Total Stockholders' Equity 667.5 660.9 +1.0%
Show Equity Components breakouts
Accumulated Gain Loss Net Cash Flow Hedge Parent 22.4 29.7 -24.6%
Accumulated Other Comprehensive Income 22.4 29.7 -24.6%
Additional Paid In Capital 291.3 268.4 +8.5%
Common Stock 0.3 0.3 0.0%
Retained Earnings 1,019 853.6 +19.4%
Treasury Stock Common -665.5 -491.1 -35.5%
Total Liabilities & Equity 2,229.8 1,999.3 +11.5%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q1 2026 YTD Q1 2025 YoY
Operating Activities
Net Income 34.8 45.4 -23.3%
Depreciation And Amortization 17.5 16.3 +7.4%
Operating Lease Right Of Use Asset Amortization Expense 9.7 8.8 +10.2%
Amortization Of Financing Costs And Discounts 0.5 0.4 +25.0%
Provision For Doubtful Accounts 1.7 2.1 -19.0%
Write Off Of Deferred Debt Issuance Cost 1.2
Gain Loss On Disposition Of Assets -0.3 -0.2 -50.0%
Stock-Based Compensation 5.7 5.9 -3.4%
Other Non-Cash Items -1.7 -2.4 +29.2%
Change in Accounts Receivable 19.4 12.4 +56.5%
Change in Inventory -2.1 -3.4 +38.2%
Increase Decrease In Other Operating Assets 2.7 11.4 -76.3%
Change in Accounts Payable 4.1 -1.6 +356.2%
Increase Decrease In Income Taxes 12.9 11.6 +11.2%
Increase Decrease In Other Operating Liabilities -14.3 -24.7 +42.1%
Net Cash from Operations 102.3 92.1 +11.1%
Depreciation & Amortization 16.3 15.2 +7.2%
Investing Activities
Capital Expenditures -16.6 -20.2 +17.8%
Payments To Acquire Businesses Net Of Cash Acquired -28.8 -8.3 -247.0%
Proceeds From Sale Of Property Plant And Equipment 0.5 0.4 +25.0%
Other Investing Activities -0.4 -1.4 +71.4%
Net Cash from Investing -45.3 -26.1 -73.6%
Right Of Use Asset Obtained In Exchange For Operating Lease Liability 10.2 10.2 0.0%
Finance Lease Obligations Incurred 5 0.2 +2400.0%
Business Combination Consideration Transferred Liabilities Incurred 3 0.6 +400.0%
Financing Activities
Proceeds From Issuance Of Senior Long Term Debt 500
Repayments Of Senior Debt -300
Repayments Of Medium Term Notes -1.3 -1.3 0.0%
Debt Issuance Costs -9
Repayments Of Other Long Term Debt -8.3 -7.2 -15.3%
Finance Lease Principal Payments -1.1 -0.7 -57.1%
Payments Of Dividends -58.7 -56.8 -3.3%
Show Dividends breakouts
O 2026 Q1 Dividends -10.4
S 2026 A Dividends -48.3
Payments Of Merger Related Costs Financing Activities -0.7 -0.4 -75.0%
Share Repurchases -25.4 -34.3 +25.9%
Payments For Repurchase Of Other Equity -0.1
Net Cash from Financing 95.4 -94.9 +200.5%
Supplemental
Interest Paid 16.4 14.7 +11.6%
Income Taxes Paid -0.6 0.7 -185.7%
Unpaid Capital Expenditures 2.3 3 -23.3%
Other Cash Flow
Net Change in Cash 152.4 -28.9 +627.3%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 474.3 298.7 +58.8%

Values in millions USD. Source: SEC EDGAR 10-Q filing.

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