Installed Building Products (IBP): Can It Really Sustain Its Margins Amidst Market Fluctuations? 

Installed Building Products Inc. (IBP) reported a strong third quarter for 2024, displaying record revenue and profitability driven by organic growth and strategic acquisitions. The quarter’s earnings highlighted robust performance across residential and commercial segments, although some challenges persist. On the positive side, IBP achieved a consolidated net revenue increase of 8% year-over-year, reaching $761 million. This growth was supported by a 2.7% increase in price/mix and a 2.6% rise in job volumes, signaling healthy demand across its services. The single-family segment saw notable growth, particularly from sales to national production builders, while the multifamily and commercial segments also posted gains despite challenging market conditions. The same-branch sales in multifamily installations rose by over 2%, demonstrating operational resilience.