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COLUMBUS, Ohio - Installed Building Products, Inc. (NYSE:IBP), a national installer of insulation and complementary building products, announced Monday the acquisition of Echols Glass & Mirror, Inc. and Vanderkoy Bros, LLC, adding over $16 million in annual revenue to the company.
Echols, headquartered in Buford, Georgia, operates a wholesale glass design and fabrication division alongside a retail sales and installation business. The company provides specialty glass, mirrors, custom closets, bath hardware, and other interior home products primarily to residential customers across the Southeastern United States.
Wisconsin-based Vanderkoy specializes in drywall and metal stud framing installation for both commercial and residential projects throughout the state, with a focus on new construction and some repair and retrofit work.
"The acquisitions of Echols and Vanderkoy expand our complementary product offering throughout several compelling housing markets," said Jeff Edwards, Chairman and Chief Executive Officer of IBP, in a press release statement.
These acquisitions contribute to IBP’s broader expansion strategy, with the company reporting approximately $55 million in acquired annual revenue so far in 2025. IBP continues to focus on growth across multiple geographies, products, and end markets.
Installed Building Products operates a national network of over 250 branch locations across all 48 continental states and the District of Columbia, providing installation services for both residential and commercial building projects. The company’s extensive operations have generated a healthy 33.6% gross profit margin and maintain strong liquidity, with current assets exceeding short-term obligations by a ratio of 2.85, according to recent InvestingPro financial metrics.
In other recent news, Installed Building Products reported its second-quarter earnings for 2025, surpassing analysts’ expectations with an earnings per share of $2.95, compared to the forecasted $2.42. The company’s revenues also exceeded projections, reaching $760.3 million against the anticipated $714.07 million. Additionally, Installed Building Products announced the acquisition of Carolina Precision Fibers, a manufacturer of cellulose-based insulation products with annual revenue exceeding $20 million. The company also entered into a share repurchase agreement to buy 200,000 shares of its common stock for $51.5 million, funded from its cash reserves. In terms of analyst actions, DA Davidson downgraded the company’s stock from Buy to Neutral, despite a "phenomenal" quarterly performance, while raising its price target to $252.00. Meanwhile, RBC Capital increased its price target to $184.00 from $145.00, citing robust second-quarter results and maintaining an Underperform rating. These developments reflect a dynamic period for Installed Building Products, marked by strategic acquisitions and notable financial performance.
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