Installed Building Products FY26 Q2 net income drops 5.94% to $64.9 million; revenue rises 2.3% to $777.8 million
IBP•Second-quarter results
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.
Dividend and outlook commentary
The board declared a third-quarter cash dividend of $0.39 per share.
Jeff Edwards cited a challenging residential housing backdrop and acquisition-led growth.
Profitability and capital return
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.
