Installed Building Products (IBP) FY2017 results: revenue $1.1 billion, up 31.3% on the year
Installed Building Products, Inc. (IBP) reported revenue of $1.1 billion for fiscal 2017, the year ended 31 December 2017, up 31.3% on the year before. Net income was $41 million, up 7.0%, and diluted earnings per share $1.30. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2019.
Revenue
$1.1 billion
+31.3% on the year
FY2012FY2017
Operating margin
6.6%
7.7% a year earlier
FY2012FY2017
Net income
$41 million
+7.0% on the year
FY2012FY2017
Diluted EPS
$1.30
+5.7% on the year
FY2012FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
1,133
863
663
+31.3%
Cost of revenue
809
611
474
+32.5%
Gross profit
324
252
188
+28.4%
Gross margin
28.6%
29.3%
28.4%
Operating income
74.3
66.0
45.0
+12.4%
Operating margin
6.6%
7.7%
6.8%
Interest expense
17.4
6.2
3.7
+181.4%
Pre-tax income
55.8
59.6
41.9
-6.4%
Income tax
14.7
21.2
15.4
-30.7%
Effective tax rate
26.3%
35.5%
36.8%
Net income
41.1
38.4
26.5
+7.0%
Net margin
3.6%
4.5%
4.0%
Diluted EPS
$1.30
$1.23
$0.85
+5.7%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
68.8
73.3
34.5
-6.1%
Capital expenditure
31.7
27.0
27.3
+17.2%
Free cash flow
37.1
46.3
7.2
-19.8%
Free cash flow margin
3.3%
5.4%
1.1%
Cash from investing
-200
-79.6
-111
Cash from financing
180
14.0
72.9
+1,184.0%
Depreciation and amortisation
28.3
23.6
17.0
+20.0%
Share-based compensation
6.6
1.9
2.1
+248.0%
Buybacks
n/a
n/a
6.1
Diluted shares, weighted
32m
31m
31m
+1.3%
Shares outstanding at period end
32m
31m
31m
+1.2%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
211
154
114
+36.7%
Debt
348
151
123
+129.5%
Other liabilities
181
157
136
+15.3%
Total liabilities and equity
739
462
374
+59.9%
Fixed assets
81.1
67.8
57.6
+19.6%
Goodwill
155
107
90.5
+45.2%
Intangible assets
138
86.3
67.2
+59.9%
Investments
30.1
n/a
n/a
Cash and equivalents
62.5
14.5
6.8
+331.6%
Receivables
181
128
103
+40.7%
Inventory
48.3
40.2
29.3
+20.2%
Other assets
42.6
17.7
19.4
+140.2%
Total assets
739
462
374
+59.9%
10-K for the year ended 31 December 2017, filed 28 February 2019: the filing.