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COLUMBUS, Ohio - Installed Building Products, Inc. (NYSE:IBP), a company with annual revenue of $2.96 billion and strong financial health according to InvestingPro analysis, announced Monday the acquisition of Carolina Precision Fibers (CPF), a manufacturer of cellulose-based insulation products with annual revenue exceeding $20 million.
Located in Ronda, North Carolina, CPF produces cellulose-based insulation for residential applications, hydromulch for erosion control, and composite materials used in industrial settings. The company serves customers across the Northeast, Midwest, Mid-Atlantic, and Southeast regions of the United States. With a market capitalization of $7.45 billion and a healthy current ratio of 2.85, IBP demonstrates strong financial capability for strategic acquisitions.
The acquisition expands IBP’s manufacturing capabilities beyond its existing operations at Advanced Fiber Technology in Bucyrus, Ohio. According to a company press release, the addition of CPF provides IBP with increased access to environmentally responsible materials that serve as alternatives to fiberglass insulation.
"We believe increasing our direct access to material used in our installation service is beneficial to both business operations and financial results," said Jeff Edwards, Chairman and Chief Executive Officer of IBP.
Including CPF and three smaller acquisitions that have been operationally combined with existing branches, IBP has acquired approximately $39 million in annual revenue so far in 2025.
Installed Building Products describes itself as one of the nation’s largest new residential insulation installers, operating from over 250 branch locations across all 48 continental states and the District of Columbia. The company installs insulation and complementary building products for both residential and commercial construction projects. Trading near its 52-week high with a 57% return over the past six months, IBP shows strong market momentum. For detailed analysis and additional insights, including 13 more ProTips and comprehensive valuation metrics, visit InvestingPro.
In other recent news, Installed Building Products reported strong second-quarter earnings for 2025, significantly exceeding analysts’ expectations. The company achieved an earnings per share (EPS) of $2.95, surpassing the projected $2.42, and reported revenues of $760.3 million, compared to the forecasted $714.07 million. These results prompted RBC Capital to raise its price target for the company to $184.00, noting the company’s robust performance despite broader challenges in the single-family housing market.
Meanwhile, DA Davidson downgraded Installed Building Products from Buy to Neutral, despite acknowledging the company’s "phenomenal" quarterly performance, and adjusted its price target to $252.00. Additionally, the company announced a $51.5 million share repurchase agreement, acquiring 200,000 shares in a privately negotiated transaction with PJAM IBP Holdings, Inc., an entity controlled by CEO Jeff Edwards and his family. The repurchase was executed at a price of $257.38 per share, a 3% discount to the last reported sales price. These developments reflect Installed Building Products’ strategic financial maneuvers and the varied analyst perspectives following its recent earnings announcement.
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