COLUMBUS, Ohio (AP) — COLUMBUS, Ohio (AP) — Installed Building Products Inc. (IBP) on Thursday reported second-quarter earnings of $65.2 million.
On a per-share basis, the Columbus, Ohio-based company said it had net income of $2.30. Earnings, adjusted for one-time gains and costs, came to $3.02 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.89 per share.
The residential insulation installer posted revenue of $737.6 million in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $743.9 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IBP at https://www.zacks.com/ap/IBP
