Installed Building Products
Installed Building Products is a leading installation contractor for insulation and various building products, serving residential and commercial builders across the United States with over 10,000 employees in more than 250 locations.
Company Overview
Installed Building Products is the premier installation contractor for insulation services catering to residential and commercial builders. The company boasts a robust workforce with over 10,000 employees operating across more than 250 locations nationwide. The range of services provided by the company extends beyond insulation to include the installation of rain gutters, garage doors, closet shelving, shower doors, mirrors, bath hardware, window blinds, fireplaces, and door locksets and hardware.
Energy Solutions and Sustainability
Installed Building Products contributes significantly to energy efficiency through its insulation services, aiding families in saving money and ensuring home comfort. The company installs fiberglass insulation, which consists of an average of 50% recycled material, and in some cases, up to 80%. Additionally, cellulose insulation installed by Installed Building Products is comprised of at least 75% recycled waste paper. These efforts underscore the company's commitment to sustainability and responsible material sourcing.
Employee Programs and Benefits
Installed Building Products offers an array of programs and benefits to support its employees, including a longevity stock program and the IBP Foundation. The foundation provides scholarships, emergency assistance, and volunteer matching. The Positive Production Program focuses on team connection, culture, personal well-being, and development. Furthermore, the Truist Momentum program provides a $1,000 incentive for completing a financial education program. These initiatives reflect the company's dedication to enhancing employee welfare and development.
Community Impact and Support
Installed Building Products is actively engaged in community support through their Dollars for Doers program and partnerships with nonprofit organizations dedicated to building or renovating homes or providing shelter for those in need. The company celebrated five years of community impact on March 19, 2024. Through the Dollars for Doers program, employees are encouraged to volunteer with their favorite nonprofits, with the company offering matching donations for their time.
Financial Milestones
Installed Building Products reported its first quarter 2024 results and declared a regular quarterly cash dividend on May 9, 2024. Another significant financial milestone for the company is the successful closure of a new Term Loan B facility on March 28, 2024. These financial activities underscore the company's robust fiscal management and strategic growth initiatives.