Installed Building Products FY26 Q2 net income drops 5.94% to $64.9 million; revenue rises 2.3% to $777.8 million
Reuters2026/08/06 11:34- Installed Building Products posted second-quarter net revenue up 2.3% to $777.8 million, driven by other revenue up 50.4% to $67.1 million.
- Net income fell to $64.9 million, with diluted EPS at $2.43.
- Adjusted EBITDA slipped 2.3% to $130.9 million, cutting adjusted EBITDA margin by 0.7 percentage points to 16.9%.
- Cash and cash equivalents totaled $394.5 million at June 30; the company repurchased 365,000 shares for $76.2 million.
- Board declared a third-quarter cash dividend of $0.39 per share; Jeff Edwards cited a challenging residential housing backdrop and acquisition-led growth.
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