COLUMBUS, Ohio (AP) — COLUMBUS, Ohio (AP) — Installed Building Products Inc. (IBP) on Thursday reported fourth-quarter earnings of $66.9 million.
The Columbus, Ohio-based company said it had profit of $2.39 per share. Earnings, adjusted for one-time gains and costs, came to $2.90 per share.
The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.91 per share.
The residential insulation installer posted revenue of $750.2 million in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $771.2 million.
For the year, the company reported profit of $256.6 million, or $9.10 per share. Revenue was reported as $2.94 billion.
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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
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