Installed Building Products (IBP) FY2022 results: revenue $2.7 billion, up 35.6% on the year
Installed Building Products, Inc. (IBP) reported revenue of $2.7 billion for fiscal 2022, the year ended 31 December 2022, up 35.6% on the year before. Net income was $223 million, up 88.1%, and diluted earnings per share $7.74. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2023.
Revenue
$2.7 billion
+35.6% on the year
FY2015FY2022
Operating margin
12.9%
9.5% a year earlier
FY2015FY2022
Net income
$223 million
+88.1% on the year
FY2015FY2022
Diluted EPS
$7.74
+93.0% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ 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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
278
138
181
+100.9%
Capital expenditure
45.6
37.0
33.6
+23.4%
Free cash flow
232
101
147
+129.2%
Free cash flow margin
8.7%
5.1%
8.9%
Cash from investing
-159
-278
-77.8
Cash from financing
-223
242
-49.4
Depreciation and amortisation
44.4
40.9
39.0
+8.5%
Share-based compensation
13.8
13.8
10.8
+0.1%
Buybacks
138
0.0
33.9
Dividends paid
62.7
35.3
0.0
+77.6%
Dividend per share
$2.16
$1.20
$0.00
+80.0%
Diluted shares, weighted
29m
30m
30m
-2.6%
Shares outstanding at period end
28m
30m
30m
-4.7%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
493
417
319
+18.4%
Debt
861
863
565
-0.2%
Operating lease liabilities
49.8
46.1
34.4
+8.1%
Finance lease liabilities
6.4
3.3
2.4
+94.0%
Other liabilities
368
324
266
+13.6%
Total liabilities and equity
1,779
1,653
1,188
+7.6%
Fixed assets
n/a
n/a
104
Goodwill
374
323
217
+15.8%
Intangible assets
283
264
171
+7.2%
Investments
n/a
0.0
0.0
Cash and equivalents
230
333
232
-31.1%
Receivables
397
313
267
+27.0%
Inventory
177
143
77.2
+23.5%
Other assets
318
277
120
+15.0%
Total assets
1,779
1,653
1,188
+7.6%
10-K for the year ended 31 December 2022, filed 22 February 2023: the filing.