Installed Building Products: Q4 Earnings Snapshot

COLUMBUS, Ohio (AP) — COLUMBUS, Ohio (AP) — Installed Building Products Inc. (IBP) on Thursday reported fourth-quarter earnings of $64.9 million.

The Columbus, Ohio-based company said it had net income of $2.29 per share. Earnings, adjusted for one-time gains and costs, were $2.72 per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.53 per share.

The residential insulation installer posted revenue of $720.7 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $689.3 million.

For the year, the company reported profit of $243.7 million, or $8.61 per share. Revenue was reported as $2.78 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IBP at https://www.zacks.com/ap/IBP