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News Installed Building Products grows revenue in the first half of 2023

Installed Building Products grows revenue in the first half of 2023

Written by Global Insulation staff
03 August 2023
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US: Installed Building Products’ revenue grew by 7% year-on-year to US$1.35bn in the first half of 2023 from US$1.26bn in the same period in 2022. Its net income rose by 18% to US$111m from US$93.7m. Jeff Edwards, chair and chief executive officer, said that company “focused on prioritising profitability over volume.” He added “Despite softer volume trends in our single-family end market, the effort of our employees in the field across end markets translated into record second-quarter revenue, net income and earnings per share.”

Last modified on 11 September 2023
Published in Global Insulation News
Tagged under
  • US
  • Installed Building Products
  • Results
  • GGM55

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