Installed Building Products (IBP) Grows Revenue While Margins Quietly Slip

Installed Building Products reported second-quarter results in August showing revenue growth alongside declining profitability. Net revenue reached a second-quarter record of $777.8 million, representing a 2.3% increase from $760.3 million in the prior-year period.
Growth was driven primarily by operations outside the core insulation installation business. Other revenue, encompassing manufacturing and distribution operations, surged 50.4% to $67.1 million. Commercial work within the Installatio