US: Installed Building Products’ (IBP) net revenue rose by 30% year-on-year to US$863m in 2016 from US$663m in 2015. Its net income rose by 45% to US$38.4m from US$26.5m. The company has attributed the growth to its presence in strong housing markets.
"IBP achieved many milestones during 2016, including record revenues and earnings, the addition of nearly US$100m in acquired revenues and the announcement of the acquisition of Alpha Insulation and Waterproofing, the largest acquisition we have made to date," said Jeff Edwards, chairman and chief executive officer of IBP.
