US: Installed Building Products’ net revenue grew by 17% year-on-year to US$925m in the first half of 2021 from US$791m in the same period in 2020. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 18% to US$124m from US$105m.
Jeff Edwards, chairman and chief executive officer commented, “As expected, the building products supply chain remained constrained during the second quarter, which we believe will continue for the foreseeable future. These trends continue to impact our ability to purchase certain materials and, in some cases, affected our ability to complete work on behalf of certain customers primarily within our multi-family end market.”
