IBP - Installed Building Products Non-GAAP EPS of $2.15 beats by $0.11 revenue of $659.4M misses by $12.83M

2023-05-04 07:41:32 ET

• Installed Building Products press release ( NYSE: IBP ): Q1 Non-GAAP EPS of $2.15 beats by $0.11 .
• Revenue of $659.4M (+12.2% Y/Y) misses by $12.83M .
• Installation revenue increased 10.9% to $622.7 million, driven by growth across both IBP’s residential and commercial new construction markets
• Other revenue, which includes IBP’s manufacturing and distribution operations, increased from $25.9 million to $36.6 million, driven by strong operating results and recent acquisitions

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