Installed Building Products' Double Edged Growth Spurt Installed Building Products (IBP) has released its latest earnings report, which presents a mixed picture of the company's resilience in a tough market.
IBP's consolidated revenue surged 15% due to strong performance in manufacturing and distribution segments, but this expansion comes at a cost – installation segment gross margins have taken a hit from increased fuel expenses and lower product margins.
IBP's diversified platform has been a key factor in its success, capturing growth in industrial and commercial retrofit markets.