Revenue: As of FY2026 Q2, the actual value is USD 777.8 M, beating the estimate of USD 743.35 M.

EPS: As of FY2026 Q2, the actual value is USD 2.43, beating the estimate of USD 2.0637.

EBIT: As of FY2026 Q2, the actual value is USD 95.6 M.

Net Revenue

Installed Building Products, Inc. reported a record second-quarter net revenue of $777.8 million for the three months ended June 30, 2026, an increase of 2.3% compared to $760.3 million in the prior year period. Consolidated net revenue for the six months ended June 30, 2026, was $1,438.3 million, a decrease from $1,445.1 million in the prior year period. Consolidated same branch net revenue decreased 0.6% year-over-year for the three months ended June 30, 2026, and consolidated same branch sales growth for the six months ended June 30, 2026, was -3.1%.

Segment Revenue

Installation segment revenue decreased 0.7% to $710.7 million for the three months ended June 30, 2026. For the six months ended June 30, 2026, Installation segment revenue was $1,320.5 million, down from $1,362.8 million in the prior year period. Other revenue, net of eliminations (including manufacturing and distribution operations), increased 50.4% to $67.1 million for the three months ended June 30, 2026. Other revenue for the six months ended June 30, 2026, was $158.6 million, up from $100.6 million in the prior year period.

Revenue by End Market (Installation Segment)

For the three months ended June 30, 2026, residential new construction revenue was $522.6 million, representing 67% of total net revenue. Repair and remodel revenue was $47.1 million (6% of total net revenue), and commercial revenue was $141.0 million (18% of total net revenue). Residential same branch sales within the Installation segment were down 6.1% in the second quarter of 2026 compared to the prior year quarter, while commercial same branch sales were up 10.4% from the prior year quarter.

Net Income

Net income for the three months ended June 30, 2026, was $64.9 million, compared to $69.0 million in the prior year quarter. The net profit margin for the second quarter of 2026 was 8.3%, down from 9.1% in the prior year quarter. Adjusted net income was $77.8 million for the three months ended June 30, 2026, compared to $80.8 million in the prior year quarter, with an adjusted net profit margin of 10.0% compared to 10.6% in the prior year quarter. For the six months ended June 30, 2026, net income was $99.7 million, compared to $114.4 million in the prior year period, and adjusted net income was $126.2 million, compared to $138.4 million in the prior year period.

Gross Profit and Margin

Gross profit decreased 0.4% to $258.9 million in the second quarter of 2026 from $259.9 million in the prior year quarter. Gross profit margin was 33.3% for the three months ended June 30, 2026, compared to 34.2% in the same period last year. Adjusted gross profit was $259.2 million for the three months ended June 30, 2026, compared to $260.2 million in the prior year period, with an adjusted gross profit margin of 33.3% compared to 34.2%. The Installation segment gross margin was 36.5% and the Other segment gross margin was 24.7% for the three months ended June 30, 2026. For the six months ended June 30, 2026, gross profit was $471.2 million, compared to $483.6 million in the prior year period.

Operating Profit

Operating income for the three months ended June 30, 2026, was $94.6 million, compared to $101.0 million in the prior year quarter. For the six months ended June 30, 2026, operating income was $152.2 million, compared to $170.8 million in the prior year period.

Operating Costs

Selling and administrative expense, as a percent of total revenue, was 19.8% in the second quarter of 2026, compared to 19.6% in the prior year period. Adjusted selling and administrative expense, as a percent of net revenue, was 18.9% for the three months ended June 30, 2026, compared to 18.8% in the prior year quarter. Selling expense for the three months ended June 30, 2026, was $36.6 million, and administrative expense was $117.2 million. For the six months ended June 30, 2026, selling expense was $70.6 million, and administrative expense was $227.4 million.

EBITDA and Adjusted EBITDA

EBITDA for the three months ended June 30, 2026, was $124.0 million, a 3.3% decrease from $128.2 million in the prior year quarter. Adjusted EBITDA was $130.9 million for the three months ended June 30, 2026, a 2.3% decrease from $134.0 million in the prior year quarter, with an adjusted EBITDA margin of 16.9% compared to 17.6%. For the six months ended June 30, 2026, EBITDA was $209.4 million, compared to $224.2 million in the prior year period, and adjusted EBITDA was $223.0 million, compared to $236.4 million in the prior year period.

Cash and Cash Equivalents

As of June 30, 2026, Installed Building Products, Inc. had $394.5 million in cash and cash equivalents. Cash and cash equivalents increased from $321.9 million at the beginning of the six-month period ended June 30, 2026, to $394.5 million by the end of the period.

Cash Flows (Six months ended June 30, 2026 vs 2025)

Net cash provided by operating activities was $171.1 million, compared to $182.5 million in the prior year period. Net cash used in investing activities was - $82.8 million, compared to - $43.2 million in the prior year period. Net cash used in financing activities was - $15.7 million, compared to - $161.7 million in the prior year period.

Share Repurchases

During the three months ended June 30, 2026, Installed Building Products, Inc. repurchased approximately 365 thousand shares of common stock at a total cost of approximately $76.2 million. As of June 30, 2026, the Company had $398 million available under its stock repurchase program, expiring March 1, 2027. For the six months ended June 30, 2026, repurchases of common stock totaled - $101.7 million, compared to - $83.5 million in the prior year period.

Dividends

Installed Building Products, Inc. declared a second quarter dividend of $0.39 per share, which was paid on June 30, 2026. The Board of Directors declared a third quarter regular cash dividend of $0.39 per share, representing more than a 5% increase to the Company’s regular dividend in the prior year period. For the six months ended June 30, 2026, dividends paid totaled - $69.8 million, compared to - $67.7 million in the prior year period. Additionally, a quarterly cash dividend of $0.39 per share is scheduled to be paid on September 30, 2026, to stockholders of record on September 15, 2026.

Acquisitions

During the second quarter and July 2026, Installed Building Products, Inc. completed three acquisitions and two bolt-ons, which collectively added approximately $30 million of annual revenue. Year-to-date, the Company has acquired approximately $59 million in revenue.

Outlook / Guidance

Installed Building Products, Inc. anticipates that affordability and consumer confidence will continue to impact the U.S. residential housing market. The Company is focused on managing internal factors, serving customers, and positioning for sustained long-term growth. Installed Building Products, Inc. expects to acquire at least $100 million in revenue in 2026.