Installed Building Products Q4 Earnings, Revenue Top Street View

Installed Building Products reported Q4 adjusted EPS of $0.44, up from $0.34 in the same period a year ago and topping the estimate of $0.39 from analysts polled by CapIQ.

Total revenues of $234 million were up from $191.5 million in the same period a year ago and also exceeded the Street projection of $231.6 million.

CEO Jeff Edwards said the company expects revenue and earnings growth in 2017, fueled in part by the January acquisition of Alpha Insulation and Waterproofing, which is expected to be accretive.

By Jon Flanagan