COLUMBUS, Ohio (AP) — COLUMBUS, Ohio (AP) — Installed Building Products Inc. (IBP) on Thursday reported second-quarter earnings of $69 million.
On a per-share basis, the Columbus, Ohio-based company said it had profit of $2.52. Earnings, adjusted for one-time gains and costs, came to $2.95 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.45 per share.
The residential insulation installer posted revenue of $760.3 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $713.9 million.
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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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