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Installed Building Products Inc (IBP.N)

IBP.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Installed Building Products Announces Acquisition Of Blind Ambitions Llc
Friday, 29 Dec 2017 

Dec 29 (Reuters) - Installed Building Products Inc ::INSTALLED BUILDING PRODUCTS ANNOUNCES THE ACQUISITION OF BLIND AMBITIONS LLC.INSTALLED BUILDING PRODUCTS INC - ‍BLIND AMBITIONS ACQUISITION ADDS $9.4 MILLION OF ANNUAL REVENUE​.INSTALLED BUILDING PRODUCTS INC - ALSO ‍ACQUIRED ALLPRO INSULATION CO​.  Full Article

Installed Building Products Announces Successful Repricing
Friday, 1 Dec 2017 

Dec 1 (Reuters) - Installed Building Products Inc ::INSTALLED BUILDING PRODUCTS INC - ‍COMPANY HAS SUCCESSFULLY REPRICED ITS EXISTING SEVEN-YEAR $299 MILLION TERM LOAN B FACILITY​.INSTALLED BUILDING PRODUCTS INC - ‍ REPRICING WILL BE LEVERAGE NEUTRAL AND ALLOW IBP TO REDUCE ITS ANNUAL INTEREST PAYMENTS BY APPROXIMATELY $1.5 MILLION​.INSTALLED BUILDING PRODUCTS INC - ‍CAPITAL EXPENDITURE COVENANT OF TERM LOAN B FACILITY WAS INCREASED FROM $50 MILLION TO $100 MILLION​.INSTALLED BUILDING PRODUCTS - ‍THE $299 MILLION TERM LOAN B FACILITY MATURES IN 2024, HAS NO FINANCIAL MAINTENANCE COVENANTS​.  Full Article

Installed Building Products announces plans to reprice its existing term loan B facility
Wednesday, 15 Nov 2017 

Nov 15 (Reuters) - Installed Building Products Inc ::Announces plans to reprice its existing term loan B facility.Company is seeking to reprice its existing seven-year $300 million term loan B facility​.Objectives of repricing are to reduce borrowing costs under existing facility and make other changes to existing agreement​.  Full Article

Installed Building Products says Q3 earnings per share $0.38
Friday, 3 Nov 2017 

Nov 3 (Reuters) - Installed Building Products Inc -:Installed Building Products reports record results for third quarter 2017.Q3 adjusted earnings per share $0.57.Q3 earnings per share $0.38.Q3 revenue $295.2 million versus I/B/E/S view $292.8 million.Q3 earnings per share view $0.62 -- Thomson Reuters I/B/E/S.  Full Article

Installed Building announces acquisition of A+ Insulation
Monday, 30 Oct 2017 

Oct 30 (Reuters) - Installed Building Products Inc : :Installed Building Products announces the acquisition of A+ Insulation, LLC.  Full Article

Installed Building acquires Southern Insulators
Monday, 15 Aug 2016 

Installed Building Products Inc : Acquisition adds approximately $5 million of annualized revenue .Installed Building Products announces the acquisition of southern insulators based in Covington, Louisiana.  Full Article

Installed Building Products Q2 earnings per share $0.32
Friday, 5 Aug 2016 

Installed Building Products Inc : Installed Building Products reports results for second quarter 2016 . Q2 earnings per share $0.32 . Q2 adjusted earnings per share $0.34 . Q2 earnings per share view $0.37 -- Thomson Reuters I/B/E/S . Q2 revenue $211.9 million versus I/B/E/S view $213.5 million .Qtrly gross profit improved 34.5 percent to $62.2 million from $46.3 million in prior year quarter.  Full Article

Installed Building Products announces an expanded new $325 million senior secured credit facility
Tuesday, 1 Mar 2016 

Installed Building Products:Has entered into a new five-year, $325 million senior secured credit facility with an accordion feature allowing the Company to increase the borrowing capacity to $400 million.Credit facility consists of a $100 million revolving line of credit, a $100 million term loan, and a $125 million delayed draw term loan facility.  Full Article

Installed Building Products Inc announces acquisition of Marshall Insulation Based in Phoenix
Tuesday, 2 Feb 2016 

Installed Building Products Inc:Announced the acquisition of Marshall Insulation, LLC.  Full Article

BRIEF-Installed Building Products Announces Acquisition Of Rocket Insulation & Coatings

* INSTALLED BUILDING PRODUCTS ANNOUNCES THE ACQUISITION OF ROCKET INSULATION & COATINGS INC. Source text for Eikon: Further company coverage: