Filing Flows › Installed Building Products (IBP) › Q1 2026
Installed Building Products (IBP) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Installed Building Products (IBP) reported revenue of $660M for the first quarter 2026 (Q1 2026), -4% from a year earlier and -12% from the quarter before. Operating margin was 8.7%, net earnings $34.8M (5.3% of revenue).
Installed Building Products, Q1 2026: revenue $660M (-4% year over year), operating margin 8.7%, net earnings $34.8M, operating cash flow $102M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $660M | -12% | -4% |
| Gross profit | $212M | -19% | -5% |
| Operating profit | $57.6M | -47% | -17% |
| Net earnings | $34.8M | -55% | -23% |
| Operating cash flow | $102M | +58% | +11% |
| Free cash flow | $85.7M | +74% | +19% |
What changed
Revenue was $660.5M in Q1 2026, down 4% year over year and down 12% from the previous quarter. Insulation was the largest line at 57% of revenue. Insulation lost $38.0M year over year (down 9%), 156% of the total change.
Gross margin was 32.1%, down 0.5 points from Q1 2025. Operating profit was $57.6M, a 8.7% margin (down 1.5 points year over year). Operating expenses grew 1% against a revenue fall of 4%. Net earnings were $34.8M, down 23% year over year. The effective tax rate was 26.1%.
Operating cash flow was $102.3M (up 11% year over year), 294% of net earnings. Non-cash charges added back $17.5M of depreciation and amortization and $5.7M of share-based compensation. Working capital and other items added $44.3M. Capital expenditures of $16.6M left free cash flow of $85.7M.
Questions
What was Installed Building Products' revenue in the first quarter 2026?
Installed Building Products (IBP) reported revenue of $660M for the first quarter 2026 (Q1 2026), -4% from a year earlier and -12% from the quarter before.
Was Installed Building Products profitable in the first quarter 2026?
Operating profit was $57.6M (8.7% of revenue) and net earnings $34.8M.