Installed Building Products’ (IBP) Aggressive Acquisition Spree Is Reinventing the Installation Industry!

Installed Building Products reported mixed results for the fourth quarter and fiscal year 2024, reflecting both opportunities and challenges in its various segments. During the fiscal year, the company achieved record revenues and profitability, driven by organic growth across its residential markets and a series of acquisitions that expanded its geographic footprint. Positive aspects from the earnings discussion include the robust performance in the residential end markets, particularly in single-family and multifamily installations. Installed Building Products saw a consolidated sales growth of nearly 6% for the year, with same-branch growth contributing about 4%. The company’s strategy of aligning pricing with value offered to customers has benefited its sales. Additionally, the multifamily installation segment saw impressive growth, attributed to operational efficiencies and product diversification. Acquisitions during the year, such as the nine businesses acquired, brought in over $100 million in annual revenue.