COLUMBUS, Ohio–(BUSINESS WIRE)–Installed Building Products, Inc. (the “Company” or “IBP”) (NYSE: IBP), an industry-leading installer of insulation and complementary building products, today announced results for the third quarter ended September 30, 2022.\n<\/p>\n
<\/a><\/p>\n \nThird Quarter 2022 Highlights (Comparisons are to Prior Year Period)\n<\/p>\n Net revenue increased 41.1% to a quarterly record of $719.1 million<\/p>\n Installation revenue increased 33.5% to $672.9 million, driven by strong growth across IBP\u2019s residential new construction markets<\/p>\n Other revenue, which includes IBP\u2019s manufacturing and distribution operations, increased from $5.6 million to $46.2 million, driven by strong operating results and recent acquisitions<\/p>\n Net income increased 74.8% to $61.0 million<\/p>\n Adjusted EBITDA* increased 53.8% to a record $120.2 million<\/p>\n Net income per diluted share increased 80.5% to $2.13<\/p>\n Adjusted net income per diluted share* increased 68.5% to $2.51<\/p>\n Price\/mix growth increased by a record 27.1% during the third quarter<\/p>\n At September 30, 2022, IBP had $228.4 million in cash, cash equivalents and investments<\/p>\n Published annual 2022 Environmental, Social and Governance (“ESG”) report highlighting the positive impact the Company is making for all stakeholders<\/p>\n Declared third quarter dividend of $0.315 per share which was paid to shareholders on September 30, 2022<\/p>\n Returned $21.5 million to shareholders in the third quarter through dividends and share repurchases<\/p>\n \nRecent Developments\n<\/p>\n IBP\u2019s Board of Directors declared the fourth quarter regular cash dividend of $0.315 per share<\/p>\n \n\u201cIBP achieved another quarter of record net revenue, net income, and adjusted EBITDA, which was led by continued strength across our residential end-markets, a favorable pricing environment, and the hard work of our team members,\u201d stated Jeff Edwards, Chairman and Chief Executive Officer. \u201cDuring the third quarter, residential housing unit completion growth accelerated and our business was supported by a robust backlog of units under construction. In addition, we continue to benefit from positive price\/mix trends, which increased 27.1% in the third quarter and drove further growth in incremental margins and earnings.\u201d\n<\/p>\n \nMr. Edwards continued, \u201cRecord cash flow through the 2022 first nine months has allowed us to allocate a growing amount of capital across our proven acquisition strategy, dividend policy and share repurchase program. Year-to-date, we have acquired $73 million of annual revenue across numerous geographic regions. In addition, for the first nine months of 2022, we have returned a total of $166.0 million to shareholders through dividend payments and share repurchases, up from $26.4 million in the same period last year.\u201d\n<\/p>\n \n\u201cAs we outlined in our second annual ESG report, IBP is focused on promoting positive corporate responsibility and creating lasting value for all of its stakeholders. I am extremely proud of our team’s ESG progress as well as the record financial results we continue to produce. Despite macroeconomic headwinds, we expect the meaningful backlog of residential units and extended construction cycle times to support demand for our installation services throughout the remainder of 2022 and into 2023,\u201d concluded Mr. Edwards.\n<\/p>\n \nAcquisition Update\n<\/p>\n \nIBP continues to prioritize profitable growth through its proven strategy of acquiring well-run installers of insulation and complementary building products. To date in 2022, IBP has acquired over $73 million of annual revenue and expects to acquire at least $100 million of revenue for the full year.\n<\/p>\n \nDuring the 2022 third quarter, IBP completed the following acquisition:\n<\/p>\n In September 2022, IBP acquired All Florida Insulation, LLC, a Longwood, Florida based installer of spray foam and fiberglass insulation to residential, multifamily, and commercial customers with annual revenue of approximately $2.4 million.<\/p>\n \nCash Dividend and Share Repurchases\n<\/p>\n \nIBP\u2019s Board of Directors has approved the Company\u2019s quarterly cash dividend of $0.315 per share, payable on December 31, 2022, to stockholders of record on December 15, 2022.\n<\/p>\n \nDuring the 2022 nine month period, IBP has repurchased over 1.2 million shares of its common stock at a total cost of $112.2 million, including commissions. At September 30, 2022, the Company had $187.5 million of availability remaining under its stock repurchase program.\n<\/p>\n \nThird Quarter 2022 Results Overview\n<\/p>\n \nFor the third quarter of 2022, net revenue was a quarterly record of $719.1 million, an increase of 41.1% from $509.8 million for the third quarter of 2021. On a consolidated same branch basis, net revenue improved 28.5% from the prior year quarter, which was attributable to a 7.5% increase in the volume of jobs completed and a 27.1% increase in price\/mix during the third quarter relative to the same period last year. Residential sales growth within our Installation segment was 34.9% on a same branch basis in the quarter. Commercial sales growth of 16.0% was largely driven by recent acquisitions with same branch sales up 2.8% from the prior year quarter.\n<\/p>\n \nGross profit improved 41.9% to $221.3 million from $155.9 million in the prior year quarter. Adjusted gross profit* as a percent of total revenue was 30.8%, which adjusts for the Company\u2019s share-based compensation expense, as well as expenses directly related to COVID-19, compared to 30.7% for the same period last year. The recently acquired distribution companies disclosed in the Other operating segment have lower gross margins than our Installation operating segment. During the 2022 third quarter, the Other operating segment had a gross margin of 21.1% as compared to 33.1% for the Installation operating segment. Our Other segment includes our more recent acquisitions in the distribution businesses, which had an impact on our consolidated gross profit margin of about 80 basis points. The distribution businesses did not have an impact on the prior year third quarter as they had not been acquired at that time.\n<\/p>\n \nSelling and administrative expense, as a percent of net revenue, was 16.1% compared to 18.1% in the prior year quarter. Adjusted selling and administrative expense*, as a percent of net revenue, was 15.7% compared to 17.5% in the prior year quarter.\n<\/p>\n \nNet income was $61.0 million, or $2.13 per diluted share, compared to $34.9 million, or $1.18 per diluted share in the prior year quarter. Adjusted net income* was $71.7 million, or $2.51 per diluted share, compared to $44.0 million, or $1.49 per diluted share in the prior year quarter. Adjusted net income accounts for the impact of non-core items in both periods, including an addback for non-cash amortization expense related to acquisitions.\n<\/p>\n \nAdjusted EBITDA* was $120.2 million, a 53.8% increase from $78.1 million in the prior year quarter, largely due to strong sales growth and lower selling and administrative expenses as a percent of net revenue compared to the prior year quarter.\n<\/p>\n \nConference Call and Webcast\n<\/p>\n \nThe Company will host a conference call and webcast on November 3, 2022 at 10:00 a.m. Eastern Time to discuss these results. To participate in the call, please dial 877-407-0792 (domestic) or 201-689-8263 (international). The live webcast will be available at www.installedbuildingproducts.com<\/a> in the investor relations section. A replay of the conference call will be available through December 3, 2022, by dialing 844-512-2921 (domestic) or 412-317-6671 (international) and entering the passcode 13732584.\n<\/p>\n \nAbout Installed Building Products\n<\/p>\n \nInstalled Building Products, Inc. is one of the nation’s largest new residential insulation installers and is a diversified installer of complementary building products, including waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors and other products for residential and commercial builders located in the continental United States. The Company manages all aspects of the installation process for its customers, from direct purchase and receipt of materials from national manufacturers to its timely supply of materials to job sites and quality installation. The Company offers its portfolio of services for new and existing single-family and multi-family residential and commercial building projects in all 48 continental states and the District of Columbia from its national network of over 220 branch locations.\n<\/p>\n \nForward-Looking Statements\n<\/p>\n \nThis press release contains forward-looking statements within the meaning of the federal securities laws, including with respect to the housing market and the commercial market, our operations, our ESG initiatives, industry conditions, our financial and business model, payment of dividends, the demand for our services and product offerings, the impact of the COVID-19 crisis on our business and end markets, supply chain and material constraints, expansion of our national footprint and end markets, diversification of our products, our ability to grow and strengthen our market position, our ability to pursue and integrate value-enhancing acquisitions and the expected amount of acquired revenue, our ability to improve sales and profitability, the impact of the COVID-19 crisis on our financial results, and expectations for demand for our services and our earnings. Forward-looking statements may generally be identified by the use of words such as “anticipate,” “believe,” “expect,” “intends,” “plan,” and “will” or, in each case, their negative, or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Any forward-looking statements that we make herein and in any future reports and statements are not guarantees of future performance, and actual results may differ materially from those expressed in or suggested by such forward-looking statements as a result of various factors, including, without limitation, the duration, effect and severity of the COVID-19 crisis; the adverse impact of the COVID-19 crisis on our business and financial results, our supply chain, the economy and the markets we serve; general economic and industry conditions; increases in mortgage interest rates and rising home prices; inflation and interest rates; the material price and supply environment; the timing of increases in our selling prices; the risk that the Company may reduce, suspend or eliminate dividend payments in the future; and the factors discussed in the \u201cRisk Factors\u201d section of the Company\u2019s Annual Report on Form 10-K for the year ended December 31, 2021, as the same may be updated from time to time in our subsequent filings with the Securities and Exchange Commission. In addition, any future declaration of dividends will be subject to the final determination of our Board of Directors. Any forward-looking statement made by the Company in this press release speaks only as of the date hereof. New risks and uncertainties arise from time to time, and it is impossible for the Company to predict these events or how they may affect it. The Company has no obligation, and does not intend, to update any forward-looking statements after the date hereof, except as required by federal securities laws.\n<\/p>\n \n*Use of Non-GAAP Financial Measures\n<\/p>\n \nIn addition to the financial measures prepared in accordance with U.S. generally accepted accounting principles (\u201cGAAP\u201d), this press release contains the non-GAAP financial measures of Adjusted EBITDA, Adjusted EBITDA margin (i.e., Adjusted EBITDA divided by net revenue), Adjusted Net Income, Adjusted Net Income per diluted share, Adjusted Gross Profit and Adjusted Selling and Administrative expense. The reasons for the use of these measures, reconciliations of Adjusted EBITDA, Adjusted Net Income, Adjusted Net Income per diluted share, Adjusted Gross Profit, and Adjusted Selling and Administrative expense to the most directly comparable GAAP measures and other information relating to these measures are included below following the unaudited condensed consolidated financial statements. Non-GAAP financial measures have limitations as analytical tools and should not be considered in isolation or as a substitute for IBP\u2019s financial results prepared in accordance with GAAP.\n<\/p>\n \nINSTALLED BUILDING PRODUCTS, INC.\n<\/p>\n \nCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME\n<\/p>\n \n(unaudited, in thousands, except share and per share amounts)\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \nThree months ended\n<\/p>\n \nSeptember 30,\n<\/p>\n \n\u00a0\n<\/p>\n \nNine months ended\n<\/p>\n \nSeptember 30,\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n2022\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n2021\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n2022\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n2021\n<\/p>\n \n\u00a0\n<\/p>\n \nNet revenue\n<\/p>\n \n$\n<\/p>\n \n719,114\n<\/p>\n \n\u00a0\n<\/p>\n \n$\n<\/p>\n \n509,763\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n$\n<\/p>\n \n1,983,355\n<\/p>\n \n\u00a0\n<\/p>\n \n$\n<\/p>\n \n1,434,927\n<\/p>\n \n\u00a0\n<\/p>\n \nCost of sales\n<\/p>\n \n\u00a0\n<\/p>\n \n497,837\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n353,879\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n1,372,966\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n1,001,730\n<\/p>\n \n\u00a0\n<\/p>\n \nGross profit\n<\/p>\n \n\u00a0\n<\/p>\n \n221,277\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n155,884\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n610,389\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n433,197\n<\/p>\n \n\u00a0\n<\/p>\n \nOperating expenses\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \nSelling\n<\/p>\n \n\u00a0\n<\/p>\n \n31,651\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n24,188\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n86,214\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n67,677\n<\/p>\n \n\u00a0\n<\/p>\n \nAdministrative\n<\/p>\n \n\u00a0\n<\/p>\n \n84,345\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n68,056\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n247,519\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n199,607\n<\/p>\n \n\u00a0\n<\/p>\n \nAmortization\n<\/p>\n \n\u00a0\n<\/p>\n \n11,370\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n9,224\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n33,728\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n26,798\n<\/p>\n \n\u00a0\n<\/p>\n \nOperating income\n<\/p>\n \n\u00a0\n<\/p>\n \n93,911\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n54,416\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n242,928\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n139,115\n<\/p>\n \n\u00a0\n<\/p>\n \nOther expense, net\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \nInterest expense, net\n<\/p>\n \n\u00a0\n<\/p>\n \n10,668\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n7,687\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n31,669\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n22,781\n<\/p>\n \n\u00a0\n<\/p>\n \nOther expense (income)\n<\/p>\n \n\u00a0\n<\/p>\n \n185\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n(483\n<\/p>\n \n)\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n698\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n(494\n<\/p>\n \n)\n<\/p>\n \nIncome before income taxes\n<\/p>\n \n\u00a0\n<\/p>\n \n83,058\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n47,212\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n210,561\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n116,828\n<\/p>\n \n\u00a0\n<\/p>\n \nIncome tax provision\n<\/p>\n \n\u00a0\n<\/p>\n \n22,080\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n12,320\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n55,857\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n27,432\n<\/p>\n \n\u00a0\n<\/p>\n \nNet income\n<\/p>\n \n$\n<\/p>\n \n60,978\n<\/p>\n \n\u00a0\n<\/p>\n \n$\n<\/p>\n \n34,892\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n$\n<\/p>\n \n154,704\n<\/p>\n \n\u00a0\n<\/p>\n \n$\n<\/p>\n \n89,396\n<\/p>\n \n\u00a0\n<\/p>\n \nOther comprehensive income (loss), net of tax:\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \nNet change on cash flow hedges, net of tax (provision) benefit of $(5,105) and $(454) for the three months ended September 30, 2022 and 2021, respectively, and $(15,138) and $(2,638) for the nine months ended September 30, 2022 and 2021, respectively\n<\/p>\n \n\u00a0\n<\/p>\n \n14,379\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n1,292\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n42,640\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n7,762\n<\/p>\n \n\u00a0\n<\/p>\n \nComprehensive income\n<\/p>\n \n$\n<\/p>\n \n75,357\n<\/p>\n \n\u00a0\n<\/p>\n \n$\n<\/p>\n \n36,184\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n$\n<\/p>\n \n197,344\n<\/p>\n \n\u00a0\n<\/p>\n \n$\n<\/p>\n \n97,158\n<\/p>\n \n\u00a0\n<\/p>\n \nEarnings Per Share:\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \nBasic\n<\/p>\n \n$\n<\/p>\n \n2.14\n<\/p>\n \n\u00a0\n<\/p>\n \n$\n<\/p>\n \n1.19\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n$\n<\/p>\n \n5.36\n<\/p>\n \n\u00a0\n<\/p>\n \n$\n<\/p>\n \n3.05\n<\/p>\n \n\u00a0\n<\/p>\n \nDiluted\n<\/p>\n \n$\n<\/p>\n \n2.13\n<\/p>\n \n\u00a0\n<\/p>\n \n$\n<\/p>\n \n1.18\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n$\n<\/p>\n \n5.33\n<\/p>\n \n\u00a0\n<\/p>\n \n$\n<\/p>\n \n3.02\n<\/p>\n \n\u00a0\n<\/p>\n \nWeighted average shares outstanding:\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \nBasic\n<\/p>\n \n\u00a0\n<\/p>\n \n28,478,954\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n29,404,257\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n28,851,389\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n29,355,538\n<\/p>\n \n\u00a0\n<\/p>\n \nDiluted\n<\/p>\n \n\u00a0\n<\/p>\n \n28,595,707\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n29,620,748\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n29,020,509\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n29,615,162\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \nCash dividends declared per share\n<\/p>\n \n$\n<\/p>\n \n0.32\n<\/p>\n \n\u00a0\n<\/p>\n \n$\n<\/p>\n \n0.30\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n$\n<\/p>\n \n1.85\n<\/p>\n \n\u00a0\n<\/p>\n \n$\n<\/p>\n \n0.90\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \nINSTALLED BUILDING PRODUCTS, INC.\n<\/p>\n \nCONDENSED CONSOLIDATED BALANCE SHEETS\n<\/p>\n \n(unaudited, in thousands, except share and per share amounts)\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \nSeptember 30,\n<\/p>\n \n\u00a0\n<\/p>\n \nDecember 31,\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n2022\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n2021\n<\/p>\n \n\u00a0\n<\/p>\n \nASSETS\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \nCurrent assets\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \nCash and cash equivalents\n<\/p>\n \n$\n<\/p>\n \n203,402\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n$\n<\/p>\n \n333,485\n<\/p>\n \n\u00a0\n<\/p>\n \nInvestments\n<\/p>\n \n\u00a0\n<\/p>\n \n24,996\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u2014\n<\/p>\n \n\u00a0\n<\/p>\n \nAccounts receivable (less allowance for credit losses of $9,083 and $8,717 at September 30, 2022 and December 31, 2021, respectively)\n<\/p>\n \n\u00a0\n<\/p>\n \n415,657\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n312,767\n<\/p>\n \n\u00a0\n<\/p>\n \nInventories\n<\/p>\n \n\u00a0\n<\/p>\n \n182,176\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n143,039\n<\/p>\n \n\u00a0\n<\/p>\n \nPrepaid expenses and other current assets\n<\/p>\n \n\u00a0\n<\/p>\n \n71,790\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n70,025\n<\/p>\n \n\u00a0\n<\/p>\n \nTotal current assets\n<\/p>\n \n\u00a0\n<\/p>\n \n898,021\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n859,316\n<\/p>\n \n\u00a0\n<\/p>\n \nProperty and equipment, net\n<\/p>\n \n\u00a0\n<\/p>\n \n115,479\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n105,933\n<\/p>\n \n\u00a0\n<\/p>\n \nOperating lease right-of-use assets\n<\/p>\n \n\u00a0\n<\/p>\n \n72,226\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n69,871\n<\/p>\n \n\u00a0\n<\/p>\n \nGoodwill\n<\/p>\n \n\u00a0\n<\/p>\n \n356,612\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n322,517\n<\/p>\n \n\u00a0\n<\/p>\n \nCustomer relationships, net\n<\/p>\n \n\u00a0\n<\/p>\n \n184,225\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n178,264\n<\/p>\n \n\u00a0\n<\/p>\n \nOther intangibles, net\n<\/p>\n \n\u00a0\n<\/p>\n \n91,613\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n86,157\n<\/p>\n \n\u00a0\n<\/p>\n \nOther non-current assets\n<\/p>\n \n\u00a0\n<\/p>\n \n45,675\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n31,144\n<\/p>\n \n\u00a0\n<\/p>\n \nTotal assets\n<\/p>\n \n$\n<\/p>\n \n1,763,851\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n$\n<\/p>\n \n1,653,202\n<\/p>\n \n\u00a0\n<\/p>\n \nLIABILITIES AND STOCKHOLDER’S EQUITY\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \nCurrent liabilities\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \nCurrent maturities of long-term debt\n<\/p>\n \n$\n<\/p>\n \n30,494\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n$\n<\/p>\n \n30,839\n<\/p>\n \n\u00a0\n<\/p>\n \nCurrent maturities of operating lease obligations\n<\/p>\n \n\u00a0\n<\/p>\n \n25,414\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n23,224\n<\/p>\n \n\u00a0\n<\/p>\n \nCurrent maturities of finance lease obligations\n<\/p>\n \n\u00a0\n<\/p>\n \n2,275\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n1,747\n<\/p>\n \n\u00a0\n<\/p>\n \nAccounts payable\n<\/p>\n \n\u00a0\n<\/p>\n \n156,117\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n132,705\n<\/p>\n \n\u00a0\n<\/p>\n \nAccrued compensation\n<\/p>\n \n\u00a0\n<\/p>\n \n61,453\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n50,964\n<\/p>\n \n\u00a0\n<\/p>\n \nOther current liabilities\n<\/p>\n \n\u00a0\n<\/p>\n \n82,809\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n68,090\n<\/p>\n \n\u00a0\n<\/p>\n \nTotal current liabilities\n<\/p>\n \n\u00a0\n<\/p>\n \n358,562\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n307,569\n<\/p>\n \n\u00a0\n<\/p>\n \nLong-term debt\n<\/p>\n \n\u00a0\n<\/p>\n \n827,906\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n832,193\n<\/p>\n \n\u00a0\n<\/p>\n \nOperating lease obligations\n<\/p>\n \n\u00a0\n<\/p>\n \n46,640\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n46,075\n<\/p>\n \n\u00a0\n<\/p>\n \nFinance lease obligations\n<\/p>\n \n\u00a0\n<\/p>\n \n5,469\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n3,297\n<\/p>\n \n\u00a0\n<\/p>\n \nDeferred income taxes\n<\/p>\n \n\u00a0\n<\/p>\n \n19,901\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n4,819\n<\/p>\n \n\u00a0\n<\/p>\n \nOther long-term liabilities\n<\/p>\n \n\u00a0\n<\/p>\n \n47,859\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n42,409\n<\/p>\n \n\u00a0\n<\/p>\n \nTotal liabilities\n<\/p>\n \n\u00a0\n<\/p>\n \n1,306,337\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n1,236,362\n<\/p>\n \n\u00a0\n<\/p>\n \nCommitments and contingencies (Note 16)\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \nStockholders\u2019 equity\n<\/p>\n \n\u00a0\n<\/p>\n \n\u2014\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u2014\n<\/p>\n \n\u00a0\n<\/p>\n \nPreferred Stock; $0.01 par value: 5,000,000 authorized and 0 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively\n<\/p>\n \n\u00a0\n<\/p>\n \n\u2014\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u2014\n<\/p>\n \n\u00a0\n<\/p>\n \nCommon stock; $0.01 par value: 100,000,000 authorized, 33,429,557 and 33,271,659 issued and 28,604,098 and 29,706,401 shares outstanding at September 30, 2022 and December 31, 2021, respectively\n<\/p>\n \n\u00a0\n<\/p>\n \n334\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n333\n<\/p>\n \n\u00a0\n<\/p>\n \nAdditional paid in capital\n<\/p>\n \n\u00a0\n<\/p>\n \n225,377\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n211,430\n<\/p>\n \n\u00a0\n<\/p>\n \nRetained earnings\n<\/p>\n \n\u00a0\n<\/p>\n \n453,286\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n352,543\n<\/p>\n \n\u00a0\n<\/p>\n \nTreasury stock; at cost: 4,825,459and 3,565,258 shares at September 30, 2022 and December 31, 2021, respectively\n<\/p>\n \n\u00a0\n<\/p>\n \n(263,896\n<\/p>\n \n)\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n(147,239\n<\/p>\n \n)\n<\/p>\n \nAccumulated other comprehensive income (loss)\n<\/p>\n \n\u00a0\n<\/p>\n \n42,413\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n(227\n<\/p>\n \n)\n<\/p>\n \nTotal stockholders\u2019 equity\n<\/p>\n \n\u00a0\n<\/p>\n \n457,514\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n416,840\n<\/p>\n \n\u00a0\n<\/p>\n \nTotal liabilities and stockholders\u2019 equity\n<\/p>\n \n$\n<\/p>\n \n1,763,851\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n$\n<\/p>\n \n1,653,202\n<\/p>\n \n\u00a0\n<\/p>\n \nINSTALLED BUILDING PRODUCTS, INC.\n<\/p>\n \nCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS\n<\/p>\n \n(unaudited, in thousands)\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \nNine months ended\n<\/p>\n \nSeptember 30,\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n2022\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n2021\n<\/p>\n \n\u00a0\n<\/p>\n \nCash flows from operating activities\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \nNet income\n<\/p>\n \n$\n<\/p>\n \n154,704\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n$\n<\/p>\n \n89,396\n<\/p>\n \n\u00a0\n<\/p>\n \nAdjustments to reconcile net income to net cash provided by operating activities\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \nDepreciation and amortization of property and equipment\n<\/p>\n \n\u00a0\n<\/p>\n \n35,153\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n32,498\n<\/p>\n \n\u00a0\n<\/p>\n \nAmortization of operating lease right-of-use assets\n<\/p>\n \n\u00a0\n<\/p>\n \n19,832\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n16,464\n<\/p>\n \n\u00a0\n<\/p>\n \nAmortization of intangibles\n<\/p>\n \n\u00a0\n<\/p>\n \n33,728\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n26,798\n<\/p>\n \n\u00a0\n<\/p>\n \nAmortization of deferred financing costs and debt discount\n<\/p>\n \n\u00a0\n<\/p>\n \n1,436\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n993\n<\/p>\n \n\u00a0\n<\/p>\n \nProvision for credit losses\n<\/p>\n \n\u00a0\n<\/p>\n \n2,754\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n1,135\n<\/p>\n \n\u00a0\n<\/p>\n \nGain on sale of property and equipment\n<\/p>\n \n\u00a0\n<\/p>\n \n(1,048\n<\/p>\n \n)\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n(1,405\n<\/p>\n \n)\n<\/p>\n \nNoncash stock compensation\n<\/p>\n \n\u00a0\n<\/p>\n \n10,290\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n10,228\n<\/p>\n \n\u00a0\n<\/p>\n \nOther, net\n<\/p>\n \n\u00a0\n<\/p>\n \n1,509\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n2,414\n<\/p>\n \n\u00a0\n<\/p>\n \nChanges in assets and liabilities, excluding effects of acquisitions\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \nAccounts receivable\n<\/p>\n \n\u00a0\n<\/p>\n \n(98,528\n<\/p>\n \n)\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n(23,224\n<\/p>\n \n)\n<\/p>\n \nInventories\n<\/p>\n \n\u00a0\n<\/p>\n \n(23,071\n<\/p>\n \n)\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n(37,122\n<\/p>\n \n)\n<\/p>\n \nProceeds from termination of interest rate swap agreements\n<\/p>\n \n\u00a0\n<\/p>\n \n25,462\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u2014\n<\/p>\n \n\u00a0\n<\/p>\n \nOther assets\n<\/p>\n \n\u00a0\n<\/p>\n \n4,773\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n(8,116\n<\/p>\n \n)\n<\/p>\n \nAccounts payable\n<\/p>\n \n\u00a0\n<\/p>\n \n20,290\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n14,120\n<\/p>\n \n\u00a0\n<\/p>\n \nIncome taxes receivable\/payable\n<\/p>\n \n\u00a0\n<\/p>\n \n12,354\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n(107\n<\/p>\n \n)\n<\/p>\n \nOther liabilities\n<\/p>\n \n\u00a0\n<\/p>\n \n(971\n<\/p>\n \n)\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n(7,594\n<\/p>\n \n)\n<\/p>\n \nNet cash provided by operating activities\n<\/p>\n \n\u00a0\n<\/p>\n \n198,667\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n116,478\n<\/p>\n \n\u00a0\n<\/p>\n \nCash flows from investing activities\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \nPurchases of investments\n<\/p>\n \n\u00a0\n<\/p>\n \n(344,388\n<\/p>\n \n)\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u2014\n<\/p>\n \n\u00a0\n<\/p>\n \nMaturities of short term investments\n<\/p>\n \n\u00a0\n<\/p>\n \n320,000\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u2014\n<\/p>\n \n\u00a0\n<\/p>\n \nPurchases of property and equipment\n<\/p>\n \n\u00a0\n<\/p>\n \n(35,212\n<\/p>\n \n)\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n(27,898\n<\/p>\n \n)\n<\/p>\n \nAcquisitions of businesses, net of cash acquired of $330 and $1,640 in 2022 and 2021, respectively\n<\/p>\n \n\u00a0\n<\/p>\n \n(75,779\n<\/p>\n \n)\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n(94,500\n<\/p>\n \n)\n<\/p>\n \nProceeds from sale of property and equipment\n<\/p>\n \n\u00a0\n<\/p>\n \n1,418\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n2,219\n<\/p>\n \n\u00a0\n<\/p>\n \nOther\n<\/p>\n \n\u00a0\n<\/p>\n \n(5,974\n<\/p>\n \n)\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n(1,430\n<\/p>\n \n)\n<\/p>\n \nNet cash used in investing activities\n<\/p>\n \n\u00a0\n<\/p>\n \n(139,935\n<\/p>\n \n)\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n(121,609\n<\/p>\n \n)\n<\/p>\n \nCash flows from financing activities\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \nPayments on Term Loan\n<\/p>\n \n\u00a0\n<\/p>\n \n(3,750\n<\/p>\n \n)\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u2014\n<\/p>\n \n\u00a0\n<\/p>\n \nProceeds from vehicle and equipment notes payable\n<\/p>\n \n\u00a0\n<\/p>\n \n20,492\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n20,753\n<\/p>\n \n\u00a0\n<\/p>\n \nDebt issuance costs\n<\/p>\n \n\u00a0\n<\/p>\n \n(655\n<\/p>\n \n)\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u2014\n<\/p>\n \n\u00a0\n<\/p>\n \nPrincipal payments on long-term debt\n<\/p>\n \n\u00a0\n<\/p>\n \n(23,340\n<\/p>\n \n)\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n(19,688\n<\/p>\n \n)\n<\/p>\n \nPrincipal payments on finance lease obligations\n<\/p>\n \n\u00a0\n<\/p>\n \n(1,661\n<\/p>\n \n)\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n(1,573\n<\/p>\n \n)\n<\/p>\n \nDividends paid\n<\/p>\n \n\u00a0\n<\/p>\n \n(53,821\n<\/p>\n \n)\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n(26,428\n<\/p>\n \n)\n<\/p>\n \nAcquisition-related obligations\n<\/p>\n \n\u00a0\n<\/p>\n \n(9,423\n<\/p>\n \n)\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n(2,442\n<\/p>\n \n)\n<\/p>\n \nRepurchase of common stock\n<\/p>\n \n\u00a0\n<\/p>\n \n(112,193\n<\/p>\n \n)\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u2014\n<\/p>\n \n\u00a0\n<\/p>\n \nSurrender of common stock awards by employees\n<\/p>\n \n\u00a0\n<\/p>\n \n(4,464\n<\/p>\n \n)\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n(5,576\n<\/p>\n \n)\n<\/p>\n \nNet cash used in financing activities\n<\/p>\n \n\u00a0\n<\/p>\n \n(188,815\n<\/p>\n \n)\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n(34,954\n<\/p>\n \n)\n<\/p>\n \nNet change in cash and cash equivalents\n<\/p>\n \n\u00a0\n<\/p>\n \n(130,083\n<\/p>\n \n)\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n(40,085\n<\/p>\n \n)\n<\/p>\n \nCash and cash equivalents at beginning of period\n<\/p>\n \n\u00a0\n<\/p>\n \n333,485\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n231,520\n<\/p>\n \n\u00a0\n<\/p>\n \nCash and cash equivalents at end of period\n<\/p>\n \n$\n<\/p>\n \n203,402\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n$\n<\/p>\n \n191,435\n<\/p>\n \n\u00a0\n<\/p>\n \nSupplemental disclosures of cash flow information\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \nNet cash paid during the period for:\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \nInterest\n<\/p>\n \n$\n<\/p>\n \n40,639\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n$\n<\/p>\n \n23,748\n<\/p>\n \n\u00a0\n<\/p>\n \nIncome taxes, net of refunds\n<\/p>\n \n\u00a0\n<\/p>\n \n43,512\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n27,428\n<\/p>\n \n\u00a0\n<\/p>\n \nSupplemental disclosure of noncash activities\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \nRight-of-use assets obtained in exchange for operating lease obligations\n<\/p>\n \n\u00a0\n<\/p>\n \n22,056\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n23,543\n<\/p>\n \n\u00a0\n<\/p>\n \nRelease of indemnification of acquisition-related debt\n<\/p>\n \n\u00a0\n<\/p>\n \n980\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n2,036\n<\/p>\n \n\u00a0\n<\/p>\n \nProperty and equipment obtained in exchange for finance lease obligations\n<\/p>\n \n\u00a0\n<\/p>\n \n4,411\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n1,918\n<\/p>\n \n\u00a0\n<\/p>\n \nSeller obligations in connection with acquisition of businesses\n<\/p>\n \n\u00a0\n<\/p>\n \n25,534\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n18,987\n<\/p>\n \n\u00a0\n<\/p>\n \nUnpaid purchases of property and equipment included in accounts payable\n<\/p>\n \n\u00a0\n<\/p>\n \n857\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n1,327\n<\/p>\n \n\u00a0\n<\/p>\n \nInformation on Segments\n<\/p>\n \nIn the first quarter of 2022, we realigned our operating segments. This change resulted in our Company having three operating segments consisting of Installation, Distribution and Manufacturing. The Other category reported below reflects the operations of our Distribution and Manufacturing operating segments.\n<\/p>\n \nINSTALLED BUILDING PRODUCTS, INC.\n<\/p>\n \nSEGMENT INFORMATION\n<\/p>\n \n(unaudited, in thousands)\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \nThree months ended September 30, 2022\n<\/p>\n \n\u00a0\n<\/p>\n \nThree months ended September 30, 2021\n<\/p>\n \n\u00a0\n<\/p>\n \nInstallation\n<\/p>\n \n\u00a0\n<\/p>\n \nOther\n<\/p>\n \n\u00a0\n<\/p>\n \nEliminations\n<\/p>\n \n\u00a0\n<\/p>\n \nConsolidated\n<\/p>\n \n\u00a0\n<\/p>\n \nInstallation\n<\/p>\n \n\u00a0\n<\/p>\n \nOther\n<\/p>\n \n\u00a0\n<\/p>\n \nEliminations\n<\/p>\n \n\u00a0\n<\/p>\n \nConsolidated\n<\/p>\n \nRevenue\n<\/p>\n \n$\n<\/p>\n \n672,916\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n$\n<\/p>\n \n47,748\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n$\n<\/p>\n \n(1,550\n<\/p>\n \n)\n<\/p>\n \n\u00a0\n<\/p>\n \n$\n<\/p>\n \n719,114\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n$\n<\/p>\n \n504,161\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n$\n<\/p>\n \n6,305\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n$\n<\/p>\n \n(703\n<\/p>\n \n)\n<\/p>\n \n\u00a0\n<\/p>\n \n$\n<\/p>\n \n509,763\n<\/p>\n \n\u00a0\n<\/p>\n \nCost of sales (exclusive of depreciation and amortization shown separately below)\n<\/p>\n \n\u00a0\n<\/p>\n \n450,017\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n37,659\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n(1,116\n<\/p>\n \n)\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n486,560\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n339,308\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n4,837\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n(539\n<\/p>\n \n)\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n343,606\n<\/p>\n \n\u00a0\n<\/p>\n \nSegment gross profit\n<\/p>\n \n\u00a0\n<\/p>\n \n222,899\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n10,089\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n(434\n<\/p>\n \n)\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n232,554\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n164,853\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n1,468\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n(164\n<\/p>\n \n)\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n166,157\n<\/p>\n \n\u00a0\n<\/p>\n \nDepreciation and amortization\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n11,277\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n10,273\n<\/p>\n \n\u00a0\n<\/p>\n \nGross profit, as reported\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n221,277\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n155,884\n<\/p>\n \n\u00a0\n<\/p>\n \nSelling\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n31,651\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n24,188\n<\/p>\n \n\u00a0\n<\/p>\n \nAdministrative\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n84,345\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n68,056\n<\/p>\n \n\u00a0\n<\/p>\n \nAmortization\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n11,370\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n9,224\n<\/p>\n \n\u00a0\n<\/p>\n \nOperating income\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n93,911\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n54,416\n<\/p>\n \n\u00a0\n<\/p>\n \nInterest expense, net\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n10,668\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n7,687\n<\/p>\n \n\u00a0\n<\/p>\n \nOther expense (income)\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n185\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n(483\n<\/p>\n \n)\n<\/p>\n \nIncome before income taxes\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n$\n<\/p>\n \n83,058\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n$\n<\/p>\n \n47,212\n<\/p>\n \n\u00a0\n<\/p>\n \u00a0<\/p>\n \n\u00a0\n<\/p>\n \nThree months ended June 30, 2022\n<\/p>\n \n\u00a0\n<\/p>\n \nThree months ended June 30, 2021\n<\/p>\n \n\u00a0\n<\/p>\n \nInstallation\n<\/p>\n \n\u00a0\n<\/p>\n \nOther\n<\/p>\n \n\u00a0\n<\/p>\n \nEliminations\n<\/p>\n \n\u00a0\n<\/p>\n \nConsolidated\n<\/p>\n \n\u00a0\n<\/p>\n \nInstallation\n<\/p>\n \n\u00a0\n<\/p>\n \nOther\n<\/p>\n \n\u00a0\n<\/p>\n \nEliminations\n<\/p>\n \n\u00a0\n<\/p>\n \nConsolidated\n<\/p>\n \nSegment gross profit percentage\n<\/p>\n \n\u00a0\n<\/p>\n \n33.1\n<\/p>\n \n%\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n21.1\n<\/p>\n \n%\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n28.0\n<\/p>\n \n%\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n32.3\n<\/p>\n \n%\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n32.7\n<\/p>\n \n%\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n23.3\n<\/p>\n \n%\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n23.3\n<\/p>\n \n%\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n32.6\n<\/p>\n \n%\n<\/p>\n \u00a0<\/p>\n \n\u00a0\n<\/p>\n \nNine months ended September 30, 2022\n<\/p>\n \n\u00a0\n<\/p>\n \nNine months ended September 30, 2021\n<\/p>\n \n\u00a0\n<\/p>\n \nInstallation\n<\/p>\n \n\u00a0\n<\/p>\n \nOther\n<\/p>\n \n\u00a0\n<\/p>\n \nEliminations\n<\/p>\n \n\u00a0\n<\/p>\n \nConsolidated\n<\/p>\n \n\u00a0\n<\/p>\n \nInstallation\n<\/p>\n \n\u00a0\n<\/p>\n \nOther\n<\/p>\n \n\u00a0\n<\/p>\n \nEliminations\n<\/p>\n \n\u00a0\n<\/p>\n \nConsolidated\n<\/p>\n \nRevenue\n<\/p>\n \n$\n<\/p>\n \n1,872,544\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n$\n<\/p>\n \n114,690\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n$\n<\/p>\n \n(3,879\n<\/p>\n \n)\n<\/p>\n \n\u00a0\n<\/p>\n \n$\n<\/p>\n \n1,983,355\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n$\n<\/p>\n \n1,419,302\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n$\n<\/p>\n \n17,182\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n$\n<\/p>\n \n(1,557\n<\/p>\n \n)\n<\/p>\n \n\u00a0\n<\/p>\n \n$\n<\/p>\n \n1,434,927\n<\/p>\n \n\u00a0\n<\/p>\n \nCost of sales (exclusive of depreciation and amortization shown separately below)\n<\/p>\n \n\u00a0\n<\/p>\n \n1,255,521\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n87,425\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n(3,015\n<\/p>\n \n)\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n1,339,931\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n959,384\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n12,980\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n(1,207\n<\/p>\n \n)\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n971,157\n<\/p>\n \n\u00a0\n<\/p>\n \nSegment gross profit\n<\/p>\n \n\u00a0\n<\/p>\n \n617,023\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n27,265\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n(864\n<\/p>\n \n)\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n643,424\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n459,918\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n4,202\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n(350\n<\/p>\n \n)\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n463,770\n<\/p>\n \n\u00a0\n<\/p>\n \nDepreciation and amortization\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n33,035\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n30,573\n<\/p>\n \n\u00a0\n<\/p>\n \nGross profit, as reported\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n610,389\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n433,197\n<\/p>\n \n\u00a0\n<\/p>\n \nSelling\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n86,214\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n67,677\n<\/p>\n \n\u00a0\n<\/p>\n \nAdministrative\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n247,519\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n199,607\n<\/p>\n \n\u00a0\n<\/p>\n \nAmortization\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n33,728\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n26,798\n<\/p>\n \n\u00a0\n<\/p>\n \nOperating income\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n242,928\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n139,115\n<\/p>\n \n\u00a0\n<\/p>\n \nInterest expense, net\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n31,669\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n22,781\n<\/p>\n \n\u00a0\n<\/p>\n \nOther expense (income)\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n698\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n(494\n<\/p>\n \n)\n<\/p>\n \nIncome before income taxes\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n$\n<\/p>\n \n210,561\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n$\n<\/p>\n \n116,828\n<\/p>\n \n\u00a0\n<\/p>\n \u00a0<\/p>\n \n\u00a0\n<\/p>\n \nNine months ended September 30, 2022\n<\/p>\n \n\u00a0\n<\/p>\n \nNine months ended September 30, 2021\n<\/p>\n \n\u00a0\n<\/p>\n \nInstallation\n<\/p>\n \n\u00a0\n<\/p>\n \nOther\n<\/p>\n \n\u00a0\n<\/p>\n \nEliminations\n<\/p>\n \n\u00a0\n<\/p>\n \nConsolidated\n<\/p>\n \n\u00a0\n<\/p>\n \nInstallation\n<\/p>\n \n\u00a0\n<\/p>\n \nOther\n<\/p>\n \n\u00a0\n<\/p>\n \nEliminations\n<\/p>\n \n\u00a0\n<\/p>\n \nConsolidated\n<\/p>\n \nSegment gross profit percentage\n<\/p>\n \n\u00a0\n<\/p>\n \n33.0\n<\/p>\n \n%\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n23.8\n<\/p>\n \n%\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n22.3\n<\/p>\n \n%\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n32.4\n<\/p>\n \n%\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n32.4\n<\/p>\n \n%\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n24.5\n<\/p>\n \n%\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n22.5\n<\/p>\n \n%\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n32.3\n<\/p>\n \n%\n<\/p>\n \nThe prior period disclosures in the above table have been recast to conform to the current period segment presentation.\n<\/p>\n \nINSTALLED BUILDING PRODUCTS, INC.\n<\/p>\n \nREVENUE BY END MARKET\n<\/p>\n \n(unaudited, in thousands)\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \nThree months ended September 30,\n<\/p>\n \n\u00a0\n<\/p>\n \nNine months ended September 30,\n<\/p>\n \n\u00a0\n<\/p>\n \n2022\n<\/p>\n \n\u00a0\n<\/p>\n \n2021\n<\/p>\n \n\u00a0\n<\/p>\n \n2022\n<\/p>\n \n\u00a0\n<\/p>\n \n2021\n<\/p>\n \nInstallation\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \nResidential new construction\n<\/p>\n \n$\n<\/p>\n \n532,299\n<\/p>\n \n\u00a0\n<\/p>\n \n74\n<\/p>\n \n%\n<\/p>\n \n\u00a0\n<\/p>\n \n$\n<\/p>\n \n385,401\n<\/p>\n \n\u00a0\n<\/p>\n \n76\n<\/p>\n \n%\n<\/p>\n \n\u00a0\n<\/p>\n \n$\n<\/p>\n \n1,480,214\n<\/p>\n \n\u00a0\n<\/p>\n \n75\n<\/p>\n \n%\n<\/p>\n \n\u00a0\n<\/p>\n \n$\n<\/p>\n \n1,082,379\n<\/p>\n \n\u00a0\n<\/p>\n \n75\n<\/p>\n \n%\n<\/p>\n \nRepair and remodel\n<\/p>\n \n\u00a0\n<\/p>\n \n39,139\n<\/p>\n \n\u00a0\n<\/p>\n \n6\n<\/p>\n \n%\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n31,276\n<\/p>\n \n\u00a0\n<\/p>\n \n6\n<\/p>\n \n%\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n109,745\n<\/p>\n \n\u00a0\n<\/p>\n \n5\n<\/p>\n \n%\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n89,810\n<\/p>\n \n\u00a0\n<\/p>\n \n7\n<\/p>\n \n%\n<\/p>\n \nCommercial\n<\/p>\n \n\u00a0\n<\/p>\n \n101,478\n<\/p>\n \n\u00a0\n<\/p>\n \n14\n<\/p>\n \n%\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n87,484\n<\/p>\n \n\u00a0\n<\/p>\n \n17\n<\/p>\n \n%\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n282,585\n<\/p>\n \n\u00a0\n<\/p>\n \n14\n<\/p>\n \n%\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n247,113\n<\/p>\n \n\u00a0\n<\/p>\n \n17\n<\/p>\n \n%\n<\/p>\n \nNet revenue – Installation\n<\/p>\n \n\u00a0\n<\/p>\n \n672,916\n<\/p>\n \n\u00a0\n<\/p>\n \n94\n<\/p>\n \n%\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n504,161\n<\/p>\n \n\u00a0\n<\/p>\n \n99\n<\/p>\n \n%\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n1,872,544\n<\/p>\n \n\u00a0\n<\/p>\n \n94\n<\/p>\n \n%\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n1,419,302\n<\/p>\n \n\u00a0\n<\/p>\n \n99\n<\/p>\n \n%\n<\/p>\n \nOther 1<\/p>\n \n\u00a0\n<\/p>\n \n46,198\n<\/p>\n \n\u00a0\n<\/p>\n \n6\n<\/p>\n \n%\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n5,602\n<\/p>\n \n\u00a0\n<\/p>\n \n1\n<\/p>\n \n%\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n110,811\n<\/p>\n \n\u00a0\n<\/p>\n \n6\n<\/p>\n \n%\n<\/p>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n \n15,625\n<\/p>\n \n\u00a0\n<\/p>\n \n1\n<\/p>\n \n%\n<\/p>\n \nNet revenue, as reported\n<\/p>\n \n$\n<\/p>\n \n719,114\n<\/p>\n \n\u00a0\n<\/p>\n \n100\n<\/p>\n \n%\n<\/p>\n \n\u00a0\n<\/p>\n \n$\n<\/p>\n \n509,763\n<\/p>\n \n\u00a0\n<\/p>\n \n100\n<\/p>\n \n%\n<\/p>\n \n\u00a0\n<\/p>\n \n$\n<\/p>\n \n1,983,355\n<\/p>\n \n\u00a0\n<\/p>\n \n100\n<\/p>\n \n%\n<\/p>\n \n\u00a0\n<\/p>\n \n$\n<\/p>\n \n1,434,927\n<\/p>\n \n\u00a0\n<\/p>\n \n100\n<\/p>\n \n%\n<\/p>\n Contacts <\/p>\n \nInvestor Relations:
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614-221-9944
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investorrelations@installed.net<\/a>\n<\/p>\n
![<\/a><\/p>\n\nThird Quarter 2022 Highlights (Comparisons are to Prior Year Period)\n<\/p>\nNet revenue increased 41.1% to a quarterly record of $719.1 million<\/p>\nInstallation revenue increased 33.5% to $672.9 million, driven by strong growth across IBP\u2019s residential new construction markets<\/p>\nOther revenue, which includes IBP\u2019s manufacturing and distribution operations, increased from $5.6 million to $46.2 million, driven by strong operating results and recent acquisitions<\/p>\nNet income increased 74.8% to $61.0 million<\/p>\nAdjusted EBITDA* increased 53.8% to a record $120.2 million<\/p>\nNet income per diluted share increased 80.5% to $2.13<\/p>\nAdjusted net income per diluted share* increased 68.5% to $2.51<\/p>\nPrice\/mix growth increased by a record 27.1% during the third quarter<\/p>\nAt September 30, 2022, IBP had $228.4 million in cash, cash equivalents and investments<\/p>\nPublished annual 2022 Environmental, Social and Governance (“ESG”) report highlighting the positive impact the Company is making for all stakeholders<\/p>\nDeclared third quarter dividend of $0.315 per share which was paid to shareholders on September 30, 2022<\/p>\nReturned $21.5 million to shareholders in the third quarter through dividends and share repurchases<\/p>\n\nRecent Developments\n<\/p>\nIBP\u2019s Board of Directors declared the fourth quarter regular cash dividend of $0.315 per share<\/p>\n\n\u201cIBP achieved another quarter of record net revenue, net income, and adjusted EBITDA, which was led by continued strength across our residential end-markets, a favorable pricing environment, and the hard work of our team members,\u201d stated Jeff Edwards, Chairman and Chief Executive Officer. \u201cDuring the third quarter, residential housing unit completion growth accelerated and our business was supported by a robust backlog of units under construction. In addition, we continue to benefit from positive price\/mix trends, which increased 27.1% in the third quarter and drove further growth in incremental margins and earnings.\u201d\n<\/p>\n\nMr. Edwards continued, \u201cRecord cash flow through the 2022 first nine months has allowed us to allocate a growing amount of capital across our proven acquisition strategy, dividend policy and share repurchase program. Year-to-date, we have acquired $73 million of annual revenue across numerous geographic regions. In addition, for the first nine months of 2022, we have returned a total of $166.0 million to shareholders through dividend payments and share repurchases, up from $26.4 million in the same period last year.\u201d\n<\/p>\n\n\u201cAs we outlined in our second annual ESG report, IBP is focused on promoting positive corporate responsibility and creating lasting value for all of its stakeholders. I am extremely proud of our team’s ESG progress as well as the record financial results we continue to produce. Despite macroeconomic headwinds, we expect the meaningful backlog of residential units and extended construction cycle times to support demand for our installation services throughout the remainder of 2022 and into 2023,\u201d concluded Mr. Edwards.\n<\/p>\n\nAcquisition Update\n<\/p>\n\nIBP continues to prioritize profitable growth through its proven strategy of acquiring well-run installers of insulation and complementary building products. To date in 2022, IBP has acquired over $73 million of annual revenue and expects to acquire at least $100 million of revenue for the full year.\n<\/p>\n\nDuring the 2022 third quarter, IBP completed the following acquisition:\n<\/p>\nIn September 2022, IBP acquired All Florida Insulation, LLC, a Longwood, Florida based installer of spray foam and fiberglass insulation to residential, multifamily, and commercial customers with annual revenue of approximately $2.4 million.<\/p>\n\nCash Dividend and Share Repurchases\n<\/p>\n\nIBP\u2019s Board of Directors has approved the Company\u2019s quarterly cash dividend of $0.315 per share, payable on December 31, 2022, to stockholders of record on December 15, 2022.\n<\/p>\n\nDuring the 2022 nine month period, IBP has repurchased over 1.2 million shares of its common stock at a total cost of $112.2 million, including commissions. At September 30, 2022, the Company had $187.5 million of availability remaining under its stock repurchase program.\n<\/p>\n\nThird Quarter 2022 Results Overview\n<\/p>\n\nFor the third quarter of 2022, net revenue was a quarterly record of $719.1 million, an increase of 41.1% from $509.8 million for the third quarter of 2021. On a consolidated same branch basis, net revenue improved 28.5% from the prior year quarter, which was attributable to a 7.5% increase in the volume of jobs completed and a 27.1% increase in price\/mix during the third quarter relative to the same period last year. Residential sales growth within our Installation segment was 34.9% on a same branch basis in the quarter. Commercial sales growth of 16.0% was largely driven by recent acquisitions with same branch sales up 2.8% from the prior year quarter.\n<\/p>\n\nGross profit improved 41.9% to $221.3 million from $155.9 million in the prior year quarter. Adjusted gross profit* as a percent of total revenue was 30.8%, which adjusts for the Company\u2019s share-based compensation expense, as well as expenses directly related to COVID-19, compared to 30.7% for the same period last year. The recently acquired distribution companies disclosed in the Other operating segment have lower gross margins than our Installation operating segment. During the 2022 third quarter, the Other operating segment had a gross margin of 21.1% as compared to 33.1% for the Installation operating segment. Our Other segment includes our more recent acquisitions in the distribution businesses, which had an impact on our consolidated gross profit margin of about 80 basis points. The distribution businesses did not have an impact on the prior year third quarter as they had not been acquired at that time.\n<\/p>\n\nSelling and administrative expense, as a percent of net revenue, was 16.1% compared to 18.1% in the prior year quarter. Adjusted selling and administrative expense*, as a percent of net revenue, was 15.7% compared to 17.5% in the prior year quarter.\n<\/p>\n\nNet income was $61.0 million, or $2.13 per diluted share, compared to $34.9 million, or $1.18 per diluted share in the prior year quarter. Adjusted net income* was $71.7 million, or $2.51 per diluted share, compared to $44.0 million, or $1.49 per diluted share in the prior year quarter. Adjusted net income accounts for the impact of non-core items in both periods, including an addback for non-cash amortization expense related to acquisitions.\n<\/p>\n\nAdjusted EBITDA* was $120.2 million, a 53.8% increase from $78.1 million in the prior year quarter, largely due to strong sales growth and lower selling and administrative expenses as a percent of net revenue compared to the prior year quarter.\n<\/p>\n\nConference Call and Webcast\n<\/p>\n\nThe Company will host a conference call and webcast on November 3, 2022 at 10:00 a.m. Eastern Time to discuss these results. To participate in the call, please dial 877-407-0792 (domestic) or 201-689-8263 (international). The live webcast will be available at www.installedbuildingproducts.com<\/a> in the investor relations section. A replay of the conference call will be available through December 3, 2022, by dialing 844-512-2921 (domestic) or 412-317-6671 (international) and entering the passcode 13732584.\n<\/p>\n\nAbout Installed Building Products\n<\/p>\n\nInstalled Building Products, Inc. is one of the nation’s largest new residential insulation installers and is a diversified installer of complementary building products, including waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors and other products for residential and commercial builders located in the continental United States. The Company manages all aspects of the installation process for its customers, from direct purchase and receipt of materials from national manufacturers to its timely supply of materials to job sites and quality installation. The Company offers its portfolio of services for new and existing single-family and multi-family residential and commercial building projects in all 48 continental states and the District of Columbia from its national network of over 220 branch locations.\n<\/p>\n\nForward-Looking Statements\n<\/p>\n\nThis press release contains forward-looking statements within the meaning of the federal securities laws, including with respect to the housing market and the commercial market, our operations, our ESG initiatives, industry conditions, our financial and business model, payment of dividends, the demand for our services and product offerings, the impact of the COVID-19 crisis on our business and end markets, supply chain and material constraints, expansion of our national footprint and end markets, diversification of our products, our ability to grow and strengthen our market position, our ability to pursue and integrate value-enhancing acquisitions and the expected amount of acquired revenue, our ability to improve sales and profitability, the impact of the COVID-19 crisis on our financial results, and expectations for demand for our services and our earnings. Forward-looking statements may generally be identified by the use of words such as “anticipate,” “believe,” “expect,” “intends,” “plan,” and “will” or, in each case, their negative, or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Any forward-looking statements that we make herein and in any future reports and statements are not guarantees of future performance, and actual results may differ materially from those expressed in or suggested by such forward-looking statements as a result of various factors, including, without limitation, the duration, effect and severity of the COVID-19 crisis; the adverse impact of the COVID-19 crisis on our business and financial results, our supply chain, the economy and the markets we serve; general economic and industry conditions; increases in mortgage interest rates and rising home prices; inflation and interest rates; the material price and supply environment; the timing of increases in our selling prices; the risk that the Company may reduce, suspend or eliminate dividend payments in the future; and the factors discussed in the \u201cRisk Factors\u201d section of the Company\u2019s Annual Report on Form 10-K for the year ended December 31, 2021, as the same may be updated from time to time in our subsequent filings with the Securities and Exchange Commission. In addition, any future declaration of dividends will be subject to the final determination of our Board of Directors. Any forward-looking statement made by the Company in this press release speaks only as of the date hereof. New risks and uncertainties arise from time to time, and it is impossible for the Company to predict these events or how they may affect it. The Company has no obligation, and does not intend, to update any forward-looking statements after the date hereof, except as required by federal securities laws.\n<\/p>\n\n*Use of Non-GAAP Financial Measures\n<\/p>\n\nIn addition to the financial measures prepared in accordance with U.S. generally accepted accounting principles (\u201cGAAP\u201d), this press release contains the non-GAAP financial measures of Adjusted EBITDA, Adjusted EBITDA margin (i.e., Adjusted EBITDA divided by net revenue), Adjusted Net Income, Adjusted Net Income per diluted share, Adjusted Gross Profit and Adjusted Selling and Administrative expense. The reasons for the use of these measures, reconciliations of Adjusted EBITDA, Adjusted Net Income, Adjusted Net Income per diluted share, Adjusted Gross Profit, and Adjusted Selling and Administrative expense to the most directly comparable GAAP measures and other information relating to these measures are included below following the unaudited condensed consolidated financial statements. Non-GAAP financial measures have limitations as analytical tools and should not be considered in isolation or as a substitute for IBP\u2019s financial results prepared in accordance with GAAP.\n<\/p>\n\nINSTALLED BUILDING PRODUCTS, INC.\n<\/p>\n\nCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME\n<\/p>\n\n(unaudited, in thousands, except share and per share amounts)\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\nThree months ended\n<\/p>\n\nSeptember 30,\n<\/p>\n\n\u00a0\n<\/p>\n\nNine months ended\n<\/p>\n\nSeptember 30,\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n2022\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n2021\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n2022\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n2021\n<\/p>\n\n\u00a0\n<\/p>\n\nNet revenue\n<\/p>\n\n$\n<\/p>\n\n719,114\n<\/p>\n\n\u00a0\n<\/p>\n\n$\n<\/p>\n\n509,763\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n$\n<\/p>\n\n1,983,355\n<\/p>\n\n\u00a0\n<\/p>\n\n$\n<\/p>\n\n1,434,927\n<\/p>\n\n\u00a0\n<\/p>\n\nCost of sales\n<\/p>\n\n\u00a0\n<\/p>\n\n497,837\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n353,879\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n1,372,966\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n1,001,730\n<\/p>\n\n\u00a0\n<\/p>\n\nGross profit\n<\/p>\n\n\u00a0\n<\/p>\n\n221,277\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n155,884\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n610,389\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n433,197\n<\/p>\n\n\u00a0\n<\/p>\n\nOperating expenses\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\nSelling\n<\/p>\n\n\u00a0\n<\/p>\n\n31,651\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n24,188\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n86,214\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n67,677\n<\/p>\n\n\u00a0\n<\/p>\n\nAdministrative\n<\/p>\n\n\u00a0\n<\/p>\n\n84,345\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n68,056\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n247,519\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n199,607\n<\/p>\n\n\u00a0\n<\/p>\n\nAmortization\n<\/p>\n\n\u00a0\n<\/p>\n\n11,370\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n9,224\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n33,728\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n26,798\n<\/p>\n\n\u00a0\n<\/p>\n\nOperating income\n<\/p>\n\n\u00a0\n<\/p>\n\n93,911\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n54,416\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n242,928\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n139,115\n<\/p>\n\n\u00a0\n<\/p>\n\nOther expense, net\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\nInterest expense, net\n<\/p>\n\n\u00a0\n<\/p>\n\n10,668\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n7,687\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n31,669\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n22,781\n<\/p>\n\n\u00a0\n<\/p>\n\nOther expense (income)\n<\/p>\n\n\u00a0\n<\/p>\n\n185\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n(483\n<\/p>\n\n)\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n698\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n(494\n<\/p>\n\n)\n<\/p>\n\nIncome before income taxes\n<\/p>\n\n\u00a0\n<\/p>\n\n83,058\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n47,212\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n210,561\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n116,828\n<\/p>\n\n\u00a0\n<\/p>\n\nIncome tax provision\n<\/p>\n\n\u00a0\n<\/p>\n\n22,080\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n12,320\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n55,857\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n27,432\n<\/p>\n\n\u00a0\n<\/p>\n\nNet income\n<\/p>\n\n$\n<\/p>\n\n60,978\n<\/p>\n\n\u00a0\n<\/p>\n\n$\n<\/p>\n\n34,892\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n$\n<\/p>\n\n154,704\n<\/p>\n\n\u00a0\n<\/p>\n\n$\n<\/p>\n\n89,396\n<\/p>\n\n\u00a0\n<\/p>\n\nOther comprehensive income (loss), net of tax:\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\nNet change on cash flow hedges, net of tax (provision) benefit of $(5,105) and $(454) for the three months ended September 30, 2022 and 2021, respectively, and $(15,138) and $(2,638) for the nine months ended September 30, 2022 and 2021, respectively\n<\/p>\n\n\u00a0\n<\/p>\n\n14,379\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n1,292\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n42,640\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n7,762\n<\/p>\n\n\u00a0\n<\/p>\n\nComprehensive income\n<\/p>\n\n$\n<\/p>\n\n75,357\n<\/p>\n\n\u00a0\n<\/p>\n\n$\n<\/p>\n\n36,184\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n$\n<\/p>\n\n197,344\n<\/p>\n\n\u00a0\n<\/p>\n\n$\n<\/p>\n\n97,158\n<\/p>\n\n\u00a0\n<\/p>\n\nEarnings Per Share:\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\nBasic\n<\/p>\n\n$\n<\/p>\n\n2.14\n<\/p>\n\n\u00a0\n<\/p>\n\n$\n<\/p>\n\n1.19\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n$\n<\/p>\n\n5.36\n<\/p>\n\n\u00a0\n<\/p>\n\n$\n<\/p>\n\n3.05\n<\/p>\n\n\u00a0\n<\/p>\n\nDiluted\n<\/p>\n\n$\n<\/p>\n\n2.13\n<\/p>\n\n\u00a0\n<\/p>\n\n$\n<\/p>\n\n1.18\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n$\n<\/p>\n\n5.33\n<\/p>\n\n\u00a0\n<\/p>\n\n$\n<\/p>\n\n3.02\n<\/p>\n\n\u00a0\n<\/p>\n\nWeighted average shares outstanding:\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\nBasic\n<\/p>\n\n\u00a0\n<\/p>\n\n28,478,954\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n29,404,257\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n28,851,389\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n29,355,538\n<\/p>\n\n\u00a0\n<\/p>\n\nDiluted\n<\/p>\n\n\u00a0\n<\/p>\n\n28,595,707\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n29,620,748\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n29,020,509\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n29,615,162\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\nCash dividends declared per share\n<\/p>\n\n$\n<\/p>\n\n0.32\n<\/p>\n\n\u00a0\n<\/p>\n\n$\n<\/p>\n\n0.30\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n$\n<\/p>\n\n1.85\n<\/p>\n\n\u00a0\n<\/p>\n\n$\n<\/p>\n\n0.90\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\nINSTALLED BUILDING PRODUCTS, INC.\n<\/p>\n\nCONDENSED CONSOLIDATED BALANCE SHEETS\n<\/p>\n\n(unaudited, in thousands, except share and per share amounts)\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\nSeptember 30,\n<\/p>\n\n\u00a0\n<\/p>\n\nDecember 31,\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n2022\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n2021\n<\/p>\n\n\u00a0\n<\/p>\n\nASSETS\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\nCurrent assets\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\nCash and cash equivalents\n<\/p>\n\n$\n<\/p>\n\n203,402\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n$\n<\/p>\n\n333,485\n<\/p>\n\n\u00a0\n<\/p>\n\nInvestments\n<\/p>\n\n\u00a0\n<\/p>\n\n24,996\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u2014\n<\/p>\n\n\u00a0\n<\/p>\n\nAccounts receivable (less allowance for credit losses of $9,083 and $8,717 at September 30, 2022 and December 31, 2021, respectively)\n<\/p>\n\n\u00a0\n<\/p>\n\n415,657\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n312,767\n<\/p>\n\n\u00a0\n<\/p>\n\nInventories\n<\/p>\n\n\u00a0\n<\/p>\n\n182,176\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n143,039\n<\/p>\n\n\u00a0\n<\/p>\n\nPrepaid expenses and other current assets\n<\/p>\n\n\u00a0\n<\/p>\n\n71,790\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n70,025\n<\/p>\n\n\u00a0\n<\/p>\n\nTotal current assets\n<\/p>\n\n\u00a0\n<\/p>\n\n898,021\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n859,316\n<\/p>\n\n\u00a0\n<\/p>\n\nProperty and equipment, net\n<\/p>\n\n\u00a0\n<\/p>\n\n115,479\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n105,933\n<\/p>\n\n\u00a0\n<\/p>\n\nOperating lease right-of-use assets\n<\/p>\n\n\u00a0\n<\/p>\n\n72,226\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n69,871\n<\/p>\n\n\u00a0\n<\/p>\n\nGoodwill\n<\/p>\n\n\u00a0\n<\/p>\n\n356,612\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n322,517\n<\/p>\n\n\u00a0\n<\/p>\n\nCustomer relationships, net\n<\/p>\n\n\u00a0\n<\/p>\n\n184,225\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n178,264\n<\/p>\n\n\u00a0\n<\/p>\n\nOther intangibles, net\n<\/p>\n\n\u00a0\n<\/p>\n\n91,613\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n86,157\n<\/p>\n\n\u00a0\n<\/p>\n\nOther non-current assets\n<\/p>\n\n\u00a0\n<\/p>\n\n45,675\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n31,144\n<\/p>\n\n\u00a0\n<\/p>\n\nTotal assets\n<\/p>\n\n$\n<\/p>\n\n1,763,851\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n$\n<\/p>\n\n1,653,202\n<\/p>\n\n\u00a0\n<\/p>\n\nLIABILITIES AND STOCKHOLDER’S EQUITY\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\nCurrent liabilities\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\nCurrent maturities of long-term debt\n<\/p>\n\n$\n<\/p>\n\n30,494\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n$\n<\/p>\n\n30,839\n<\/p>\n\n\u00a0\n<\/p>\n\nCurrent maturities of operating lease obligations\n<\/p>\n\n\u00a0\n<\/p>\n\n25,414\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n23,224\n<\/p>\n\n\u00a0\n<\/p>\n\nCurrent maturities of finance lease obligations\n<\/p>\n\n\u00a0\n<\/p>\n\n2,275\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n1,747\n<\/p>\n\n\u00a0\n<\/p>\n\nAccounts payable\n<\/p>\n\n\u00a0\n<\/p>\n\n156,117\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n132,705\n<\/p>\n\n\u00a0\n<\/p>\n\nAccrued compensation\n<\/p>\n\n\u00a0\n<\/p>\n\n61,453\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n50,964\n<\/p>\n\n\u00a0\n<\/p>\n\nOther current liabilities\n<\/p>\n\n\u00a0\n<\/p>\n\n82,809\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n68,090\n<\/p>\n\n\u00a0\n<\/p>\n\nTotal current liabilities\n<\/p>\n\n\u00a0\n<\/p>\n\n358,562\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n307,569\n<\/p>\n\n\u00a0\n<\/p>\n\nLong-term debt\n<\/p>\n\n\u00a0\n<\/p>\n\n827,906\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n832,193\n<\/p>\n\n\u00a0\n<\/p>\n\nOperating lease obligations\n<\/p>\n\n\u00a0\n<\/p>\n\n46,640\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n46,075\n<\/p>\n\n\u00a0\n<\/p>\n\nFinance lease obligations\n<\/p>\n\n\u00a0\n<\/p>\n\n5,469\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n3,297\n<\/p>\n\n\u00a0\n<\/p>\n\nDeferred income taxes\n<\/p>\n\n\u00a0\n<\/p>\n\n19,901\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n4,819\n<\/p>\n\n\u00a0\n<\/p>\n\nOther long-term liabilities\n<\/p>\n\n\u00a0\n<\/p>\n\n47,859\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n42,409\n<\/p>\n\n\u00a0\n<\/p>\n\nTotal liabilities\n<\/p>\n\n\u00a0\n<\/p>\n\n1,306,337\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n1,236,362\n<\/p>\n\n\u00a0\n<\/p>\n\nCommitments and contingencies (Note 16)\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\nStockholders\u2019 equity\n<\/p>\n\n\u00a0\n<\/p>\n\n\u2014\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u2014\n<\/p>\n\n\u00a0\n<\/p>\n\nPreferred Stock; $0.01 par value: 5,000,000 authorized and 0 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively\n<\/p>\n\n\u00a0\n<\/p>\n\n\u2014\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u2014\n<\/p>\n\n\u00a0\n<\/p>\n\nCommon stock; $0.01 par value: 100,000,000 authorized, 33,429,557 and 33,271,659 issued and 28,604,098 and 29,706,401 shares outstanding at September 30, 2022 and December 31, 2021, respectively\n<\/p>\n\n\u00a0\n<\/p>\n\n334\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n333\n<\/p>\n\n\u00a0\n<\/p>\n\nAdditional paid in capital\n<\/p>\n\n\u00a0\n<\/p>\n\n225,377\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n211,430\n<\/p>\n\n\u00a0\n<\/p>\n\nRetained earnings\n<\/p>\n\n\u00a0\n<\/p>\n\n453,286\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n352,543\n<\/p>\n\n\u00a0\n<\/p>\n\nTreasury stock; at cost: 4,825,459and 3,565,258 shares at September 30, 2022 and December 31, 2021, respectively\n<\/p>\n\n\u00a0\n<\/p>\n\n(263,896\n<\/p>\n\n)\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n(147,239\n<\/p>\n\n)\n<\/p>\n\nAccumulated other comprehensive income (loss)\n<\/p>\n\n\u00a0\n<\/p>\n\n42,413\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n(227\n<\/p>\n\n)\n<\/p>\n\nTotal stockholders\u2019 equity\n<\/p>\n\n\u00a0\n<\/p>\n\n457,514\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n416,840\n<\/p>\n\n\u00a0\n<\/p>\n\nTotal liabilities and stockholders\u2019 equity\n<\/p>\n\n$\n<\/p>\n\n1,763,851\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n$\n<\/p>\n\n1,653,202\n<\/p>\n\n\u00a0\n<\/p>\n\nINSTALLED BUILDING PRODUCTS, INC.\n<\/p>\n\nCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS\n<\/p>\n\n(unaudited, in thousands)\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\nNine months ended\n<\/p>\n\nSeptember 30,\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n2022\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n2021\n<\/p>\n\n\u00a0\n<\/p>\n\nCash flows from operating activities\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\nNet income\n<\/p>\n\n$\n<\/p>\n\n154,704\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n$\n<\/p>\n\n89,396\n<\/p>\n\n\u00a0\n<\/p>\n\nAdjustments to reconcile net income to net cash provided by operating activities\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\nDepreciation and amortization of property and equipment\n<\/p>\n\n\u00a0\n<\/p>\n\n35,153\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n32,498\n<\/p>\n\n\u00a0\n<\/p>\n\nAmortization of operating lease right-of-use assets\n<\/p>\n\n\u00a0\n<\/p>\n\n19,832\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n16,464\n<\/p>\n\n\u00a0\n<\/p>\n\nAmortization of intangibles\n<\/p>\n\n\u00a0\n<\/p>\n\n33,728\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n26,798\n<\/p>\n\n\u00a0\n<\/p>\n\nAmortization of deferred financing costs and debt discount\n<\/p>\n\n\u00a0\n<\/p>\n\n1,436\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n993\n<\/p>\n\n\u00a0\n<\/p>\n\nProvision for credit losses\n<\/p>\n\n\u00a0\n<\/p>\n\n2,754\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n1,135\n<\/p>\n\n\u00a0\n<\/p>\n\nGain on sale of property and equipment\n<\/p>\n\n\u00a0\n<\/p>\n\n(1,048\n<\/p>\n\n)\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n(1,405\n<\/p>\n\n)\n<\/p>\n\nNoncash stock compensation\n<\/p>\n\n\u00a0\n<\/p>\n\n10,290\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n10,228\n<\/p>\n\n\u00a0\n<\/p>\n\nOther, net\n<\/p>\n\n\u00a0\n<\/p>\n\n1,509\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n2,414\n<\/p>\n\n\u00a0\n<\/p>\n\nChanges in assets and liabilities, excluding effects of acquisitions\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\nAccounts receivable\n<\/p>\n\n\u00a0\n<\/p>\n\n(98,528\n<\/p>\n\n)\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n(23,224\n<\/p>\n\n)\n<\/p>\n\nInventories\n<\/p>\n\n\u00a0\n<\/p>\n\n(23,071\n<\/p>\n\n)\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n(37,122\n<\/p>\n\n)\n<\/p>\n\nProceeds from termination of interest rate swap agreements\n<\/p>\n\n\u00a0\n<\/p>\n\n25,462\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u2014\n<\/p>\n\n\u00a0\n<\/p>\n\nOther assets\n<\/p>\n\n\u00a0\n<\/p>\n\n4,773\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n(8,116\n<\/p>\n\n)\n<\/p>\n\nAccounts payable\n<\/p>\n\n\u00a0\n<\/p>\n\n20,290\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n14,120\n<\/p>\n\n\u00a0\n<\/p>\n\nIncome taxes receivable\/payable\n<\/p>\n\n\u00a0\n<\/p>\n\n12,354\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n(107\n<\/p>\n\n)\n<\/p>\n\nOther liabilities\n<\/p>\n\n\u00a0\n<\/p>\n\n(971\n<\/p>\n\n)\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n(7,594\n<\/p>\n\n)\n<\/p>\n\nNet cash provided by operating activities\n<\/p>\n\n\u00a0\n<\/p>\n\n198,667\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n116,478\n<\/p>\n\n\u00a0\n<\/p>\n\nCash flows from investing activities\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\nPurchases of investments\n<\/p>\n\n\u00a0\n<\/p>\n\n(344,388\n<\/p>\n\n)\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u2014\n<\/p>\n\n\u00a0\n<\/p>\n\nMaturities of short term investments\n<\/p>\n\n\u00a0\n<\/p>\n\n320,000\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u2014\n<\/p>\n\n\u00a0\n<\/p>\n\nPurchases of property and equipment\n<\/p>\n\n\u00a0\n<\/p>\n\n(35,212\n<\/p>\n\n)\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n(27,898\n<\/p>\n\n)\n<\/p>\n\nAcquisitions of businesses, net of cash acquired of $330 and $1,640 in 2022 and 2021, respectively\n<\/p>\n\n\u00a0\n<\/p>\n\n(75,779\n<\/p>\n\n)\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n(94,500\n<\/p>\n\n)\n<\/p>\n\nProceeds from sale of property and equipment\n<\/p>\n\n\u00a0\n<\/p>\n\n1,418\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n2,219\n<\/p>\n\n\u00a0\n<\/p>\n\nOther\n<\/p>\n\n\u00a0\n<\/p>\n\n(5,974\n<\/p>\n\n)\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n(1,430\n<\/p>\n\n)\n<\/p>\n\nNet cash used in investing activities\n<\/p>\n\n\u00a0\n<\/p>\n\n(139,935\n<\/p>\n\n)\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n(121,609\n<\/p>\n\n)\n<\/p>\n\nCash flows from financing activities\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\nPayments on Term Loan\n<\/p>\n\n\u00a0\n<\/p>\n\n(3,750\n<\/p>\n\n)\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u2014\n<\/p>\n\n\u00a0\n<\/p>\n\nProceeds from vehicle and equipment notes payable\n<\/p>\n\n\u00a0\n<\/p>\n\n20,492\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n20,753\n<\/p>\n\n\u00a0\n<\/p>\n\nDebt issuance costs\n<\/p>\n\n\u00a0\n<\/p>\n\n(655\n<\/p>\n\n)\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u2014\n<\/p>\n\n\u00a0\n<\/p>\n\nPrincipal payments on long-term debt\n<\/p>\n\n\u00a0\n<\/p>\n\n(23,340\n<\/p>\n\n)\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n(19,688\n<\/p>\n\n)\n<\/p>\n\nPrincipal payments on finance lease obligations\n<\/p>\n\n\u00a0\n<\/p>\n\n(1,661\n<\/p>\n\n)\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n(1,573\n<\/p>\n\n)\n<\/p>\n\nDividends paid\n<\/p>\n\n\u00a0\n<\/p>\n\n(53,821\n<\/p>\n\n)\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n(26,428\n<\/p>\n\n)\n<\/p>\n\nAcquisition-related obligations\n<\/p>\n\n\u00a0\n<\/p>\n\n(9,423\n<\/p>\n\n)\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n(2,442\n<\/p>\n\n)\n<\/p>\n\nRepurchase of common stock\n<\/p>\n\n\u00a0\n<\/p>\n\n(112,193\n<\/p>\n\n)\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u2014\n<\/p>\n\n\u00a0\n<\/p>\n\nSurrender of common stock awards by employees\n<\/p>\n\n\u00a0\n<\/p>\n\n(4,464\n<\/p>\n\n)\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n(5,576\n<\/p>\n\n)\n<\/p>\n\nNet cash used in financing activities\n<\/p>\n\n\u00a0\n<\/p>\n\n(188,815\n<\/p>\n\n)\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n(34,954\n<\/p>\n\n)\n<\/p>\n\nNet change in cash and cash equivalents\n<\/p>\n\n\u00a0\n<\/p>\n\n(130,083\n<\/p>\n\n)\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n(40,085\n<\/p>\n\n)\n<\/p>\n\nCash and cash equivalents at beginning of period\n<\/p>\n\n\u00a0\n<\/p>\n\n333,485\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n231,520\n<\/p>\n\n\u00a0\n<\/p>\n\nCash and cash equivalents at end of period\n<\/p>\n\n$\n<\/p>\n\n203,402\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n$\n<\/p>\n\n191,435\n<\/p>\n\n\u00a0\n<\/p>\n\nSupplemental disclosures of cash flow information\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\nNet cash paid during the period for:\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\nInterest\n<\/p>\n\n$\n<\/p>\n\n40,639\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n$\n<\/p>\n\n23,748\n<\/p>\n\n\u00a0\n<\/p>\n\nIncome taxes, net of refunds\n<\/p>\n\n\u00a0\n<\/p>\n\n43,512\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n27,428\n<\/p>\n\n\u00a0\n<\/p>\n\nSupplemental disclosure of noncash activities\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\nRight-of-use assets obtained in exchange for operating lease obligations\n<\/p>\n\n\u00a0\n<\/p>\n\n22,056\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n23,543\n<\/p>\n\n\u00a0\n<\/p>\n\nRelease of indemnification of acquisition-related debt\n<\/p>\n\n\u00a0\n<\/p>\n\n980\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n2,036\n<\/p>\n\n\u00a0\n<\/p>\n\nProperty and equipment obtained in exchange for finance lease obligations\n<\/p>\n\n\u00a0\n<\/p>\n\n4,411\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n1,918\n<\/p>\n\n\u00a0\n<\/p>\n\nSeller obligations in connection with acquisition of businesses\n<\/p>\n\n\u00a0\n<\/p>\n\n25,534\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n18,987\n<\/p>\n\n\u00a0\n<\/p>\n\nUnpaid purchases of property and equipment included in accounts payable\n<\/p>\n\n\u00a0\n<\/p>\n\n857\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n1,327\n<\/p>\n\n\u00a0\n<\/p>\n\nInformation on Segments\n<\/p>\n\nIn the first quarter of 2022, we realigned our operating segments. This change resulted in our Company having three operating segments consisting of Installation, Distribution and Manufacturing. The Other category reported below reflects the operations of our Distribution and Manufacturing operating segments.\n<\/p>\n\nINSTALLED BUILDING PRODUCTS, INC.\n<\/p>\n\nSEGMENT INFORMATION\n<\/p>\n\n(unaudited, in thousands)\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\nThree months ended September 30, 2022\n<\/p>\n\n\u00a0\n<\/p>\n\nThree months ended September 30, 2021\n<\/p>\n\n\u00a0\n<\/p>\n\nInstallation\n<\/p>\n\n\u00a0\n<\/p>\n\nOther\n<\/p>\n\n\u00a0\n<\/p>\n\nEliminations\n<\/p>\n\n\u00a0\n<\/p>\n\nConsolidated\n<\/p>\n\n\u00a0\n<\/p>\n\nInstallation\n<\/p>\n\n\u00a0\n<\/p>\n\nOther\n<\/p>\n\n\u00a0\n<\/p>\n\nEliminations\n<\/p>\n\n\u00a0\n<\/p>\n\nConsolidated\n<\/p>\n\nRevenue\n<\/p>\n\n$\n<\/p>\n\n672,916\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n$\n<\/p>\n\n47,748\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n$\n<\/p>\n\n(1,550\n<\/p>\n\n)\n<\/p>\n\n\u00a0\n<\/p>\n\n$\n<\/p>\n\n719,114\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n$\n<\/p>\n\n504,161\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n$\n<\/p>\n\n6,305\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n$\n<\/p>\n\n(703\n<\/p>\n\n)\n<\/p>\n\n\u00a0\n<\/p>\n\n$\n<\/p>\n\n509,763\n<\/p>\n\n\u00a0\n<\/p>\n\nCost of sales (exclusive of depreciation and amortization shown separately below)\n<\/p>\n\n\u00a0\n<\/p>\n\n450,017\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n37,659\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n(1,116\n<\/p>\n\n)\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n486,560\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n339,308\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n4,837\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n(539\n<\/p>\n\n)\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n343,606\n<\/p>\n\n\u00a0\n<\/p>\n\nSegment gross profit\n<\/p>\n\n\u00a0\n<\/p>\n\n222,899\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n10,089\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n(434\n<\/p>\n\n)\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n232,554\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n164,853\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n1,468\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n(164\n<\/p>\n\n)\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n166,157\n<\/p>\n\n\u00a0\n<\/p>\n\nDepreciation and amortization\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n11,277\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n10,273\n<\/p>\n\n\u00a0\n<\/p>\n\nGross profit, as reported\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n221,277\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n155,884\n<\/p>\n\n\u00a0\n<\/p>\n\nSelling\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n31,651\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n24,188\n<\/p>\n\n\u00a0\n<\/p>\n\nAdministrative\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n84,345\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n68,056\n<\/p>\n\n\u00a0\n<\/p>\n\nAmortization\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n11,370\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n9,224\n<\/p>\n\n\u00a0\n<\/p>\n\nOperating income\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n93,911\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n54,416\n<\/p>\n\n\u00a0\n<\/p>\n\nInterest expense, net\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n10,668\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n7,687\n<\/p>\n\n\u00a0\n<\/p>\n\nOther expense (income)\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n185\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n(483\n<\/p>\n\n)\n<\/p>\n\nIncome before income taxes\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n$\n<\/p>\n\n83,058\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n$\n<\/p>\n\n47,212\n<\/p>\n\n\u00a0\n<\/p>\n\u00a0<\/p>\n\n\u00a0\n<\/p>\n\nThree months ended June 30, 2022\n<\/p>\n\n\u00a0\n<\/p>\n\nThree months ended June 30, 2021\n<\/p>\n\n\u00a0\n<\/p>\n\nInstallation\n<\/p>\n\n\u00a0\n<\/p>\n\nOther\n<\/p>\n\n\u00a0\n<\/p>\n\nEliminations\n<\/p>\n\n\u00a0\n<\/p>\n\nConsolidated\n<\/p>\n\n\u00a0\n<\/p>\n\nInstallation\n<\/p>\n\n\u00a0\n<\/p>\n\nOther\n<\/p>\n\n\u00a0\n<\/p>\n\nEliminations\n<\/p>\n\n\u00a0\n<\/p>\n\nConsolidated\n<\/p>\n\nSegment gross profit percentage\n<\/p>\n\n\u00a0\n<\/p>\n\n33.1\n<\/p>\n\n%\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n21.1\n<\/p>\n\n%\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n28.0\n<\/p>\n\n%\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n32.3\n<\/p>\n\n%\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n32.7\n<\/p>\n\n%\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n23.3\n<\/p>\n\n%\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n23.3\n<\/p>\n\n%\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n32.6\n<\/p>\n\n%\n<\/p>\n\u00a0<\/p>\n\n\u00a0\n<\/p>\n\nNine months ended September 30, 2022\n<\/p>\n\n\u00a0\n<\/p>\n\nNine months ended September 30, 2021\n<\/p>\n\n\u00a0\n<\/p>\n\nInstallation\n<\/p>\n\n\u00a0\n<\/p>\n\nOther\n<\/p>\n\n\u00a0\n<\/p>\n\nEliminations\n<\/p>\n\n\u00a0\n<\/p>\n\nConsolidated\n<\/p>\n\n\u00a0\n<\/p>\n\nInstallation\n<\/p>\n\n\u00a0\n<\/p>\n\nOther\n<\/p>\n\n\u00a0\n<\/p>\n\nEliminations\n<\/p>\n\n\u00a0\n<\/p>\n\nConsolidated\n<\/p>\n\nRevenue\n<\/p>\n\n$\n<\/p>\n\n1,872,544\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n$\n<\/p>\n\n114,690\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n$\n<\/p>\n\n(3,879\n<\/p>\n\n)\n<\/p>\n\n\u00a0\n<\/p>\n\n$\n<\/p>\n\n1,983,355\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n$\n<\/p>\n\n1,419,302\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n$\n<\/p>\n\n17,182\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n$\n<\/p>\n\n(1,557\n<\/p>\n\n)\n<\/p>\n\n\u00a0\n<\/p>\n\n$\n<\/p>\n\n1,434,927\n<\/p>\n\n\u00a0\n<\/p>\n\nCost of sales (exclusive of depreciation and amortization shown separately below)\n<\/p>\n\n\u00a0\n<\/p>\n\n1,255,521\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n87,425\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n(3,015\n<\/p>\n\n)\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n1,339,931\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n959,384\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n12,980\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n(1,207\n<\/p>\n\n)\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n971,157\n<\/p>\n\n\u00a0\n<\/p>\n\nSegment gross profit\n<\/p>\n\n\u00a0\n<\/p>\n\n617,023\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n27,265\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n(864\n<\/p>\n\n)\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n643,424\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n459,918\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n4,202\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n(350\n<\/p>\n\n)\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n463,770\n<\/p>\n\n\u00a0\n<\/p>\n\nDepreciation and amortization\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n33,035\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n30,573\n<\/p>\n\n\u00a0\n<\/p>\n\nGross profit, as reported\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n610,389\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n433,197\n<\/p>\n\n\u00a0\n<\/p>\n\nSelling\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n86,214\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n67,677\n<\/p>\n\n\u00a0\n<\/p>\n\nAdministrative\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n247,519\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n199,607\n<\/p>\n\n\u00a0\n<\/p>\n\nAmortization\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n33,728\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n26,798\n<\/p>\n\n\u00a0\n<\/p>\n\nOperating income\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n242,928\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n139,115\n<\/p>\n\n\u00a0\n<\/p>\n\nInterest expense, net\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n31,669\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n22,781\n<\/p>\n\n\u00a0\n<\/p>\n\nOther expense (income)\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n698\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n(494\n<\/p>\n\n)\n<\/p>\n\nIncome before income taxes\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n$\n<\/p>\n\n210,561\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n$\n<\/p>\n\n116,828\n<\/p>\n\n\u00a0\n<\/p>\n\u00a0<\/p>\n\n\u00a0\n<\/p>\n\nNine months ended September 30, 2022\n<\/p>\n\n\u00a0\n<\/p>\n\nNine months ended September 30, 2021\n<\/p>\n\n\u00a0\n<\/p>\n\nInstallation\n<\/p>\n\n\u00a0\n<\/p>\n\nOther\n<\/p>\n\n\u00a0\n<\/p>\n\nEliminations\n<\/p>\n\n\u00a0\n<\/p>\n\nConsolidated\n<\/p>\n\n\u00a0\n<\/p>\n\nInstallation\n<\/p>\n\n\u00a0\n<\/p>\n\nOther\n<\/p>\n\n\u00a0\n<\/p>\n\nEliminations\n<\/p>\n\n\u00a0\n<\/p>\n\nConsolidated\n<\/p>\n\nSegment gross profit percentage\n<\/p>\n\n\u00a0\n<\/p>\n\n33.0\n<\/p>\n\n%\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n23.8\n<\/p>\n\n%\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n22.3\n<\/p>\n\n%\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n32.4\n<\/p>\n\n%\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n32.4\n<\/p>\n\n%\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n24.5\n<\/p>\n\n%\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n22.5\n<\/p>\n\n%\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n32.3\n<\/p>\n\n%\n<\/p>\n\nThe prior period disclosures in the above table have been recast to conform to the current period segment presentation.\n<\/p>\n\nINSTALLED BUILDING PRODUCTS, INC.\n<\/p>\n\nREVENUE BY END MARKET\n<\/p>\n\n(unaudited, in thousands)\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\nThree months ended September 30,\n<\/p>\n\n\u00a0\n<\/p>\n\nNine months ended September 30,\n<\/p>\n\n\u00a0\n<\/p>\n\n2022\n<\/p>\n\n\u00a0\n<\/p>\n\n2021\n<\/p>\n\n\u00a0\n<\/p>\n\n2022\n<\/p>\n\n\u00a0\n<\/p>\n\n2021\n<\/p>\n\nInstallation\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\nResidential new construction\n<\/p>\n\n$\n<\/p>\n\n532,299\n<\/p>\n\n\u00a0\n<\/p>\n\n74\n<\/p>\n\n%\n<\/p>\n\n\u00a0\n<\/p>\n\n$\n<\/p>\n\n385,401\n<\/p>\n\n\u00a0\n<\/p>\n\n76\n<\/p>\n\n%\n<\/p>\n\n\u00a0\n<\/p>\n\n$\n<\/p>\n\n1,480,214\n<\/p>\n\n\u00a0\n<\/p>\n\n75\n<\/p>\n\n%\n<\/p>\n\n\u00a0\n<\/p>\n\n$\n<\/p>\n\n1,082,379\n<\/p>\n\n\u00a0\n<\/p>\n\n75\n<\/p>\n\n%\n<\/p>\n\nRepair and remodel\n<\/p>\n\n\u00a0\n<\/p>\n\n39,139\n<\/p>\n\n\u00a0\n<\/p>\n\n6\n<\/p>\n\n%\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n31,276\n<\/p>\n\n\u00a0\n<\/p>\n\n6\n<\/p>\n\n%\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n109,745\n<\/p>\n\n\u00a0\n<\/p>\n\n5\n<\/p>\n\n%\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n89,810\n<\/p>\n\n\u00a0\n<\/p>\n\n7\n<\/p>\n\n%\n<\/p>\n\nCommercial\n<\/p>\n\n\u00a0\n<\/p>\n\n101,478\n<\/p>\n\n\u00a0\n<\/p>\n\n14\n<\/p>\n\n%\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n87,484\n<\/p>\n\n\u00a0\n<\/p>\n\n17\n<\/p>\n\n%\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n282,585\n<\/p>\n\n\u00a0\n<\/p>\n\n14\n<\/p>\n\n%\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n247,113\n<\/p>\n\n\u00a0\n<\/p>\n\n17\n<\/p>\n\n%\n<\/p>\n\nNet revenue – Installation\n<\/p>\n\n\u00a0\n<\/p>\n\n672,916\n<\/p>\n\n\u00a0\n<\/p>\n\n94\n<\/p>\n\n%\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n504,161\n<\/p>\n\n\u00a0\n<\/p>\n\n99\n<\/p>\n\n%\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n1,872,544\n<\/p>\n\n\u00a0\n<\/p>\n\n94\n<\/p>\n\n%\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n1,419,302\n<\/p>\n\n\u00a0\n<\/p>\n\n99\n<\/p>\n\n%\n<\/p>\n\nOther 1<\/p>\n\n\u00a0\n<\/p>\n\n46,198\n<\/p>\n\n\u00a0\n<\/p>\n\n6\n<\/p>\n\n%\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n5,602\n<\/p>\n\n\u00a0\n<\/p>\n\n1\n<\/p>\n\n%\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n110,811\n<\/p>\n\n\u00a0\n<\/p>\n\n6\n<\/p>\n\n%\n<\/p>\n\n\u00a0\n<\/p>\n\n\u00a0\n<\/p>\n\n15,625\n<\/p>\n\n\u00a0\n<\/p>\n\n1\n<\/p>\n\n%\n<\/p>\n\nNet revenue, as reported\n<\/p>\n\n$\n<\/p>\n\n719,114\n<\/p>\n\n\u00a0\n<\/p>\n\n100\n<\/p>\n\n%\n<\/p>\n\n\u00a0\n<\/p>\n\n$\n<\/p>\n\n509,763\n<\/p>\n\n\u00a0\n<\/p>\n\n100\n<\/p>\n\n%\n<\/p>\n\n\u00a0\n<\/p>\n\n$\n<\/p>\n\n1,983,355\n<\/p>\n\n\u00a0\n<\/p>\n\n100\n<\/p>\n\n%\n<\/p>\n\n\u00a0\n<\/p>\n\n$\n<\/p>\n\n1,434,927\n<\/p>\n\n\u00a0\n<\/p>\n\n100\n<\/p>\n\n%\n<\/p>\nContacts <\/p>\n\nInvestor Relations:\n614-221-9944\ninvestorrelations@installed.net<\/a>\n<\/p>\n Read full story here <\/a><\/p>","protected":false},"excerpt":{"rendered":"COLUMBUS, Ohio–(BUSINESS WIRE)–Installed Building Products, Inc. (the “Company” or “IBP”) (NYSE: IBP), an industry-leading installer of insulation and complementary building products, today announced results for the third quarter ended September 30, 2022. Third Quarter 2022 Highlights (Comparisons are to Prior Year Period) Net revenue increased 41.1% to a quarterly record of $719.1 million Installation revenue […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[49630],"tags":[],"settori":[],"slider_categorie_and_home_page":[],"class_list":["post-831977","post","type-post","status-publish","format-standard","hentry","category-real-estate-in-asia-pacific"],"acf":[],"yoast_head":"\nInstalled Building Products Reports Record Quarterly Results for the Third Quarter 2022 and Declares Regular Quarterly Cash Dividend - BeBeez<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/installed-building-products-reports-record-quarterly-results-for-the-third-quarter-2022-and-declares-regular-quarterly-cash-dividend\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Installed Building Products Reports Record Quarterly Results for the Third Quarter 2022 and Declares Regular Quarterly Cash Dividend - BeBeez\" \/>\n<meta property=\"og:description\" content=\"COLUMBUS, Ohio–(BUSINESS WIRE)–Installed Building Products, Inc. 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Third Quarter 2022 Highlights (Comparisons are to Prior Year Period) Net revenue increased 41.1% to a quarterly record of $719.1 million Installation revenue […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/installed-building-products-reports-record-quarterly-results-for-the-third-quarter-2022-and-declares-regular-quarterly-cash-dividend\/\" \/>\n<meta property=\"og:site_name\" content=\"BeBeez\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-03T17:07:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/bebeez.it\/wp-content\/uploads\/2019\/10\/be-beez-logo-x2.png\" \/>\n\t<meta property=\"og:image:width\" content=\"683\" \/>\n\t<meta property=\"og:image:height\" content=\"242\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"13 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/installed-building-products-reports-record-quarterly-results-for-the-third-quarter-2022-and-declares-regular-quarterly-cash-dividend\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/installed-building-products-reports-record-quarterly-results-for-the-third-quarter-2022-and-declares-regular-quarterly-cash-dividend\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Installed Building Products Reports Record Quarterly Results for the Third Quarter 2022 and Declares Regular Quarterly Cash Dividend\",\"datePublished\":\"2022-11-03T17:07:17+00:00\",\"dateModified\":\"2022-11-03T17:07:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/installed-building-products-reports-record-quarterly-results-for-the-third-quarter-2022-and-declares-regular-quarterly-cash-dividend\/\"},\"wordCount\":2669,\"publisher\":{\"@id\":\"https:\/\/15.161.165.86\/#organization\"},\"articleSection\":[\"Real Estate in Asia Pacific\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/installed-building-products-reports-record-quarterly-results-for-the-third-quarter-2022-and-declares-regular-quarterly-cash-dividend\/\",\"url\":\"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/installed-building-products-reports-record-quarterly-results-for-the-third-quarter-2022-and-declares-regular-quarterly-cash-dividend\/\",\"name\":\"Installed Building Products Reports Record Quarterly Results for the Third Quarter 2022 and Declares Regular Quarterly Cash Dividend - 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(the “Company” or “IBP”) (NYSE: IBP), an industry-leading installer of insulation and complementary building products, today announced results for the third quarter ended September 30, 2022. 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