Installed Building Products, Inc.

Recent Developments

•IBP’s Board of Directors declared the fourth quarter regular cash dividend of $0.39 per share, representing more than a 5% increase to the Company's regular dividend in the prior year period

•IBP closed a $250 million Add-On to its existing Term Loan B, further strengthening our ability to execute our acquisition strategy while maintaining substantial liquidity and financial flexibility

“During the third quarter, our team stayed focused on delivering a high level of installation service to our customers. Despite continued softness in residential construction activity, our same branch sales performance continued to outperform underlying market trends reflecting market share gains and the strength of our customer relationships across our branch network. Our third quarter, and year-to-date results reflect the benefits of our diversified operating platform, our continued focus on profitability, and our commitment to delivering value to customers across markets and economic cycles,” stated Jeff Edwards, Chairman and Chief Executive Officer.

“While affordability and consumer confidence remain headwinds for single-family construction, we continue to focus on commercial growth, acquisition integration, operational efficiency initiatives, and disciplined capital allocation. Importantly, our strong balance sheet, continued profitability, and cash flow generation will provide the financial flexibility to continue to execute our growth-oriented capital allocation strategy and create long-term shareholder value,” Mr. Edwards concluded.