What is the revenue and EPS growth rate for Installed Building year over year?

What is Installed Building's latest dividend and current dividend yield?

What were the key takeaways from Installed Building’s earnings call?

What is the market's earnings forecast for Installed Building next quarter?

What is Installed Building's gross profit margin?

What were the key takeaways from Installed Building's earnings call?

What factors drove the changes in Installed Building's revenue and profit?

What does Installed Building do and what are its main business segments?

- **Topline Growth**: Q3 revenue $778M (+2% YOY), driven by 12% commercial sales growth and double-digit complementary product expansion.
- **Margin Strength**: Adjusted gross margin 34%, up 20bps YOY, despite headwinds from lower-margin product mix.
- **Cash Flow Excellence**: $307M operating cash flow (+16%), supporting $135M buybacks and 6% dividend increase.
- **Strategic Moves**: 4 Q3 acquisitions expand into insulation, glass, and drywall, with $39M annualized sales.

**【CEO Summary Section】**
- **Record Sales and Profitability**: Q3 2025 revenue reached $778 million, up 2% year-over-year, driven by strong commercial sales and complementary product growth.
- **Housing Market Dynamics**: Single-family starts decreased 5% YTD, while multifamily starts rose 15%. Management expects 2026 residential housing starts to remain flat due to affordability challenges.
- **Capital Allocation**: Returned $213 million to shareholders through dividends and buybacks, with $365 million remaining under the repurchase program.
- **Acquisitions**: Added 4 businesses in Q3, expanding into insulation, glass fabrication, and drywall installation, with total annual sales of ~$39 million.

**【CFO Financial Commentary】**
- **Gross Margin Expansion**: Adjusted gross margin improved to 34% (vs. 33.8% Q3 2024), driven by heavy commercial growth and complementary product margin gains.
- **Cost Control**: Adjusted EBITDA rose 16% to $140 million, with operating cash flow up 16% to $307 million.
- **Liquidity**: Maintained a net debt/EBITDA ratio of 1.09x, well below the 2x target, with $330 million in working capital.

**【Q&A Highlights】**
- **Multifamily Outlook**: Backlogs stabilizing in select markets; expect multifamily revenue growth to lag starts by 6-12 months due to construction timelines.
- **Commercial Performance**: Heavy commercial sales grew >30% Q3, offsetting light commercial weakness. Management sees sustained heavy commercial strength.
- **Gross Margin Drivers**: Complementary products (glass, drywall) grew double-digits, but lower-margin mix weighed on overall gross margin.
- **M&A Strategy**: Focused on small, accretive acquisitions in insulation and adjacent markets; no plans for large-scale commercial roofing expansion.

IBP

IBP fundamentals

You can ask Aime