Quarterlytics / Consumer Cyclical / Residential Construction / Installed Building Products

Installed Building Products

IBP · NYSE Consumer Cyclical
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Ticker IBP
Exchange NYSE
Sector Consumer Cyclical
Industry Residential Construction
Employees 1001-5000

Business description

Installed Building Products, Inc. (IBP), a leading installer of insulation, waterproofing, fire-stopping and other building products in the continental United States, is expanding its reach to meet rising demand. Founded in Columbus, Ohio in 1977, IBP, formerly known as CCIB Holdco, Inc., provides installation services to a wide range of customers, including homebuilders, commercial construction firms, individual homeowners and repair contractors, according to its website. Among the products it installs are various insulation materials such as fiberglass, cellulose and spray foam for attics, basements, crawl spaces and other areas of a building, the company said on its website. It also installs a range of caulk and sealant products that control air infiltration in residential and commercial buildings and waterproofing options such as hot applied waterproofing membranes, deck coating and bentonite, as well as air and vapor systems. IBP's expansion comes as homeowners and builders seek to increase energy efficiency, particularly in light of cold weather during the winter months. Insulation can help reduce energy consumption and, with the help of IBP’s services, consumers can save money on their electricity bills. IBP operates in 44 states and employs over 7,500 people in more than 175 locations, and its stock is traded on the New York Stock Exchange under the ticker symbol "IBP."

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Company facts
TickerIBP
ExchangeNYSE
Sector Consumer Cyclical
Industry Residential Construction
Employees1001-5000