Installed Building Products: Housing Demand Is At A Trough And Is Set To Invert

This post is to provide an update on my thoughts on the business and stock of Installed Building Products, Inc. (NYSE:IBP). IBP specializes in insulation installation for residential and commercial builders across the contiguous United States. They also offer a diverse range of installation services for various related building products. These services are available through their national network of more than 230 branch locations, covering all 48 continental states. Over the past, IBP’s revenue has been growing at a CAGR of 15%. Over the years, its growth rate has been increasing, from a high single digit of 9% in 2019 to 36% in 2022.

seekingalpha.com     Sep 26, 2023