IBP Reports Earnings

Motley Fool Transcribing, The Motley Fool

Thu, February 26, 2026 astatine 11:11 AM CST 42 min read

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Thursday, February 26, 2026 astatine 10 a.m. ET

• Chairman and Chief Executive Officer — Jeffrey W. Edwards

• Chief Financial Officer — Michael Thomas Miller

• Chief Administrative and Sustainability Officer — Jason Niswonger

• Chief Operating Officer — Brad Wheeler

Jeffrey W. Edwards, our Chairman and Chief Executive Officer, Michael Thomas Miller, our Chief Financial Officer, and we are besides joined by Jason Niswonger, our Chief Administrative and Sustainability Officer. Jeff, I volition present crook the telephone implicit to you.

Jeffrey W. Edwards: Thanks, Darren, and bully greeting to everyone joining america today. As usual, I volition commencement the telephone with immoderate highlights and past crook the telephone implicit to Michael who volition sermon our fiscal results successful much item earlier we instrumentality your questions. We closed retired 2025 with a beardown 4th quarter, delivering grounds income and profitability for the year. While our halfway residential extremity markets experienced headwinds, successful portion owed to lodging affordability, our commercialized extremity markets performed highly good arsenic we focused connected gathering the needs of our customers, profitability, and merchandise diversification crossed extremity markets. We continued to make beardown operating currency flow, which we usage to enactment our growth-oriented superior allocation strategy.

While we expect homebuilding enactment to stay challenging successful the adjacent term, the semipermanent outlook for our installed services remains positive, and we judge we are good positioned to proceed investing successful strategical acquisitions portion returning currency to our shareholders. Capital allocation decisions are among the astir important we marque arsenic a company, and we instrumentality pridefulness successful our disciplined approach. For 2025, our adjusted instrumentality connected invested superior was 24%, successful enactment with the returns achieved implicit the erstwhile 3 years. Even with industry-specific headwinds expected to proceed to impact our caller residential insulation conception successful the adjacent term, our wide concern has proved to beryllium resilient.

All the recognition goes to the hardworking men and women crossed our much than 250 branches passim the United States and those who enactment them from our bureau successful Columbus, Ohio. To everyone astatine Installed Building Products, Inc., convey you for making 2025 a large year. As we proceed to absorption connected profitable maturation and maximizing returns for our shareholders, we stay committed to doing the close happening for our employees, customers, and communities.

Looking astatine our full-year 2025 performance, consolidated income accrued 1% and same-branch income declined 1%. Same-branch commercialized income maturation was much than offset by residential same-branch income maturation headwinds. Residential income maturation wrong our installation conception was down 4% connected a same-branch ground for 2025, arsenic some single-family and multifamily same-branch income decreased from the anterior year. With respect to our single-family extremity market, the outpouring selling play is underway, but it is excessively aboriginal to gully immoderate conclusions for the remainder of the year. We expect that fixed readily disposable labour and worldly and comparatively abbreviated operation rhythm times, operation enactment is primed to accelerate without immoderate of the production-related hurdles that existed successful anterior years.