Installed Building Products (IBP) FY2016 results: revenue $863 million, up 30.2% on the year
Installed Building Products, Inc. (IBP) reported revenue of $863 million for fiscal 2016, the year ended 31 December 2016, up 30.2% on the year before. Net income was $38 million, up 44.9%, and diluted earnings per share $1.23. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2019.
Revenue
$863 million
+30.2% on the year
FY2012FY2016
Operating margin
7.7%
6.8% a year earlier
FY2012FY2016
Net income
$38 million
+44.9% on the year
FY2012FY2016
Diluted EPS
$1.23
+44.7% on the year
FY2012FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
863
663
518
+30.2%
Cost of revenue
611
474
378
+28.7%
Gross profit
252
188
140
+34.1%
Gross margin
29.3%
28.4%
27.0%
Operating income
66.0
45.0
25.6
+46.9%
Operating margin
7.7%
6.8%
4.9%
Interest expense
6.2
3.7
3.2
+65.2%
Pre-tax income
59.6
41.9
22.6
+42.2%
Income tax
21.2
15.4
8.6
+37.4%
Effective tax rate
35.5%
36.8%
38.1%
Net income
38.4
26.5
13.9
+44.9%
Net margin
4.5%
4.0%
2.7%
Diluted EPS
$1.23
$0.85
-$0.20
+44.7%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
73.3
34.5
19.6
+112.1%
Capital expenditure
27.0
27.3
6.2
-1.1%
Free cash flow
46.3
7.2
13.4
+538.7%
Free cash flow margin
5.4%
1.1%
2.6%
Cash from investing
-79.6
-111
-16.1
Cash from financing
14.0
72.9
3.2
-80.8%
Depreciation and amortisation
23.6
17.0
12.2
+38.9%
Share-based compensation
1.9
2.1
0.3
-10.5%
Buybacks
n/a
6.1
5.3
Diluted shares, weighted
31m
31m
30m
+0.1%
Shares outstanding at period end
31m
31m
32m
+0.4%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
154
114
91.9
+34.5%
Debt
151
123
26.9
+22.9%
Other liabilities
157
136
115
+14.9%
Total liabilities and equity
462
374
234
+23.5%
Fixed assets
67.8
57.6
39.4
+17.7%
Goodwill
107
90.5
53.4
+18.3%
Intangible assets
86.3
67.2
17.7
+28.4%
Cash and equivalents
14.5
6.8
10.8
+112.4%
Receivables
128
103
72.3
+24.5%
Inventory
40.2
29.3
24.0
+37.1%
Other assets
17.7
19.4
16.7
-8.7%
Total assets
462
374
234
+23.5%
10-K for the year ended 31 December 2016, filed 28 February 2019: the filing.