Installed Building Products announces new $200M stock repurchase program

During the twelve months ended December 31 , IBP repurchased over 1.5M shares or approximately 5% of its common stock at a total cost of $137.6M, including commissions. At December 31 , the Company had $162 M of availability remaining under its stock repurchase program. Additionally, our board of directors authorized a new stock repurchase program that allows for the repurchase of up to $200M of our outstanding common stock. The new program replaces the previous program and is in effect through March 1, 2024.