Installed Building Products Inc
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
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Item 2. Properties
Real Property
We lease office and warehouse space in 43 states, including our corporate office in Columbus, Ohio. Our leases are typically short in duration with customary extensions at our option. We believe suitable alternative space is available in all of our markets. We also own our cellulose manufacturing facility in Bucyrus, Ohio. We believe that our facilities are suitable and adequate for present purposes, and that the productive capacity in such facilities is substantially being utilized. The table below summarizes our locations as of December 31, 2024.
| State | Number of Locations | Approximate Total SquareFootage | State | Number of Locations | Approximate Total SquareFootage |
|---|---|---|---|---|---|
| Alabama | 2 | 24,250 | Nevada | 2 | 20,310 |
| Arizona | 3 | 54,631 | New Hampshire | 10 | 81,365 |
| California | 28 | 305,841 | New Jersey | 8 | 128,037 |
| Colorado | 13 | 175,148 | New York | 9 | 101,430 |
| Connecticut | 4 | 48,357 | North Carolina | 19 | 330,574 |
| Delaware | 5 | 53,575 | North Dakota | 2 | 9,752 |
| Florida | 30 | 306,033 | Ohio | 16 | 562,155 |
| Georgia | 12 | 192,316 | Oklahoma | 5 | 48,743 |
| Idaho | 3 | 43,000 | Oregon | 2 | 32,928 |
| Illinois | 8 | 128,891 | Pennsylvania | 7 | 108,909 |
| Indiana | 12 | 255,319 | Rhode Island | 4 | 31,654 |
| Kansas | 2 | 74,206 | South Carolina | 8 | 120,739 |
| Kentucky | 4 | 47,350 | South Dakota | 3 | 59,932 |
| Louisiana | 2 | 19,535 | Tennessee | 8 | 184,592 |
| Maine | 3 | 51,860 | Texas | 19 | 399,916 |
| Maryland | 5 | 65,110 | Utah | 5 | 123,309 |
| Massachusetts | 5 | 51,303 | Vermont | 1 | 31,020 |
| Michigan | 3 | 42,192 | Virginia | 7 | 97,582 |
| Minnesota | 10 | 250,718 | Washington | 13 | 190,616 |
| Missouri | 2 | 17,536 | West Virginia | 1 | 2,080 |
| Montana | 5 | 46,740 | Wisconsin | 9 | 208,808 |
| Nebraska | 2 | 23,241 | |||
Our Fleet
As of December 31, 2024, our fleet consisted of approximately 6,300 total vehicles that we either leased or owned, including approximately 6,000 installation vehicles that our installers use to deliver and install products from our locations to job sites, and approximately 300 other vehicles that are utilized for various purposes, primarily by our distribution operations, sales staff, branch managers and various senior management personnel. For additional information, see Note 8, Long-term Debt, and Note 17, Commitments and Contingencies, in Part II, Item 8, Financial Statements and Supplementary Data, of this Form 10-K.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.