News & Events zu Installed Building Products, Inc (IBP)IBPInstalled Building Products, Inc

IBP Reports Q2 Revenue of $777.8M, Beating Expectations

Reports Q2 revenue $777.8M, consensus $743.35M. "Our team continued to execute well during the second quarter, working closely with our customers to navigate a challenging residential housing backdrop, while maintaining the high level of service they expect from IBP. We delivered positive consolidated revenue growth, supported by the contribution from recent acquisitions and growth within our heavy and light commercial business. These results demonstrate the value of our diversified operating platform and the multiple avenues available to support growth across varying market conditions. We also continued to deploy capital in a disciplined manner to support returns to shareholders, while advancing our growth-oriented acquisition strategy. Although we expect affordability and consumer confidence to continue to weigh on the U.S. residential housing market, we remain focused on controlling what we can control, serving our customers, and positioning IBP for continued long-term growth," stated Jeff Edwards, Chairman and Chief Executive Officer.

Installed Building Products Acquires Diamond Energy Systems

Installed Building Products announced the acquisition of Diamond Energy Systems.. With headquarters in St. Joseph, MN, DESI specializes in mechanical insulation with the majority of its sales derived from retrofit work between industrial and commercial applications. "DESI adds approximately $12M of annual revenue and expands our mechanical insulation offerings throughout the Upper Midwest region," stated Jeff Edwards, CEO. "To date in 2026, we have acquired approximately $40M in annual revenue. Acquisitions remain a key component of our growth strategy and we continue to focus on expansion across multiple geographies, products, and end markets. On behalf of everyone at Installed Building Products, I want to welcome DESI onto our team."