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Installed Building (IBP) acquires Thrice Energy Solutions and Gutter Pro, strengthening regional footprints.
COLUMBUS, Ohio--(BUSINESS WIRE)--Installed Building Products, Inc. (the “Company” or “IBP”) (NYSE: IBP), an industry-leading installer of insulation and complementary building products, today announced the acquisition of Thrice Energy Solutions, LLC (“Thrice”). Located in Oklahoma City, Oklahoma, Thrice has a new residential and commercial end market presence throughout Oklahoma and Texas primarily installing fiberglass and spray foam insulation. On June 3, IBP completed the acquisition of Gutt.
Installed Building's (IBP) first-quarter results reflect improvements in the single-family end market and healthy sales in the multi-family end markets.
Installed Building Products (IBP) came out with quarterly earnings of $2.47 per share, beating the Zacks Consensus Estimate of $2.23 per share. This compares to earnings of $2.15 per share a year ago.
Installed Building's (IBP) first-quarter 2024 results are likely to reflect solid sales in multi-family residential and commercial end markets, along with the effective implementation of operational excellence.
Zacks.com users have recently been watching Installed Building Products (IBP) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Zacks.com users have recently been watching Installed Building Products (IBP) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
In the most recent trading session, Installed Building Products (IBP) closed at $255.84, indicating a -0.94% shift from the previous trading day.
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Installed Building Products (IBP) possesses solid growth attributes, which could help it handily outperform the market.