IBP Filings — Installed Building Products, Inc. - FilingSpy
IBP
Installed Building Products, Inc.
A national installer of insulation and complementary building products such as garage doors, rain gutters, and shower doors for residential and commercial builders. It began in 1977 as a single-location insulation business in Columbus, Ohio, bought by the father of longtime chief executive Jeff Edwards, who took charge in the mid-1990s and grew the company through hundreds of acquisitions while keeping local names and managers in place. The firm went public in 2014 and now ranks among the largest building-product installers in the country.
Installed Building Products reports Q2 2026 net revenue of $777.8M, up 2.3%
Net income was $64.9 million, or $2.43 per diluted share, compared to $69.0 million, or $2.52 per diluted share in the prior year quarter.
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Net revenue for Q2 2026 was $777.8 million, a 2.3% increase from $760.3 million in Q2 2025.
Adjusted EBITDA was $130.9 million, down 2.3% from $134.0 million in Q2 2025, with adjusted EBITDA margin of 16.9%.
Board declared a quarterly cash dividend of $0.39 per share, payable September 30, 2026, a more than 5% increase from the prior year period.
Company completed acquisitions in Q2 2026 and July 2026 adding approximately $30 million in annual revenue, and expects to acquire at least $100 million in revenue in 2026.
2.02 Results of Operations and Financial Condition · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
Installed Building Products acquires Diamond Energy Systems and updates share repurchases.
IBP completed the acquisition of Diamond Energy Systems, Inc. (DESI), a St. Joseph, MN-based mechanical insulation company, adding approximately $12 million of annual revenue.
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The acquisition expands IBP's mechanical insulation offerings in the Upper Midwest, with DESI's sales mostly from industrial and commercial retrofit work.
In 2026 to date, IBP has acquired approximately $40 million in annual revenue, with acquisitions remaining a key growth strategy.
From May 1-18, 2026, IBP repurchased about 240,000 shares of common stock for $51.2 million, including commissions, under its existing repurchase program.
As of May 19, 2026, approximately $425 million remains available under the stock repurchase program.
The press release was furnished under Item 7.01 Regulation FD Disclosure and is included as Exhibit 99.1.
7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
Installed Building Products closes $500M notes offering and upsizes ABL facility to $375M
On January 21, 2026, Installed Building Products completed a private offering of $500 million aggregate principal amount of 5.625% Senior Notes due 2034.
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Net proceeds of approximately $490 million were used to fund the full redemption of the outstanding 5.75% senior unsecured notes due 2028, which were redeemed on January 22, 2026.
The company amended its ABL revolving credit facility, increasing commitments from $250 million to $375 million and extending the maturity to January 21, 2031.
The ABL Revolver is currently undrawn and includes incremental commitments of up to $105 million, letters of credit up to $100 million, and swingline loans up to $50 million.
The 2034 Notes are guaranteed by the company's domestic subsidiaries and contain customary covenants, including a change of control repurchase obligation at 101% of principal.
1.01 Entry into a Material Definitive Agreement · 1.02 Termination of a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
Installed Building Products prices $500M of 5.625% senior notes due 2034
The offering is expected to close on or about January 21, 2026, subject to customary closing conditions.
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On January 7, 2026, Installed Building Products, Inc. priced $500.0 million aggregate principal amount of 5.625% senior notes due 2034 in a private offering.
Net proceeds will fund the redemption in full of its outstanding 5.75% Senior Notes due 2028, pay related fees and expenses, and be used for general corporate purposes.
The notes were offered only to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S, and are not registered under the Securities Act.
The redemption of the 2028 Notes is conditioned on completion of the 2034 Notes offering and receipt of sufficient net proceeds.
7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits