EarningsQ2 2026 Earnings Report
DE:2IL Q2 2026 EPS Results
Actual EPS€2.59
Consensus EPS€2.27
Beat/MissBeat by +€0.32
One Year Ago EPS€2.63
DE:2IL Q2 2026 Revenue Results
Actual Revenue€692.79M
Expected Revenue€662.09M
Beat/MissBeat by +€30.70M
YoY Revenue Growth+2.30%
Earnings Announcement Details
QuarterQ2 2026
Date08/06/2026
TimeBefore Open
Conference CallThursday, August 6, 2026
DE:2IL Upcoming Earnings
Installed Building Products's next earnings date is estimated for November 11, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:2IL Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call portrayed a resilient and diversified business with modest consolidated revenue growth (+2%), strong commercial and other-segment performance, healthy liquidity, active M&A and continued shareholder returns. However, notable near-term challenges remain: weakness in new single-family volumes, margin pressure from fuel and mix shifts, rising medical costs, and potential short-term lumpiness from spray foam price pass-throughs. Overall, management emphasized execution, a strong acquisition pipeline and confidence in free cash flow to support returns, offsetting the cyclical headwinds.Company Guidance
Consolidated Revenue Growth
Net revenue increased 2% year-over-year to $778 million in Q2 2026 (from $760 million), supported by acquisitions and strength in commercial, manufacturing and distribution businesses.
Strong Commercial and Heavy Commercial Performance
Commercial same-branch sales rose 10% in the quarter; heavy commercial same-branch sales growth was ~16% and the commercial installation business delivered double-digit installation sales growth for the fifth consecutive quarter, with heavy commercial exceeding 15% growth.
Other Segment and Manufacturing Surge
Other segment revenue (distribution and manufacturing) grew ~50% as-reported (about 28% same-branch), with manufacturing (cellulose and industrial/road fibers, R&R demand) driving meaningful incremental sales and improving margins in that business to 24.7% (from 23%).
Price/Mix and Volume Dynamics
Price/mix increased ~1% in Q2 and 3% when including heavy commercial; volume decreased 5% primarily due to lower new single-family volume, showing the business captured price/mix gains despite volume weakness.
Profitability and Cash Generation
Adjusted EBITDA was $131 million with a 16.9% adjusted EBITDA margin; adjusted net income was $78 million, or $2.91 per diluted share. Free cash flow generation supported capital returns in the quarter.
Strong Liquidity and Capital Returns
Ended Q2 with $395 million in cash, $374 million in working capital (ex-cash), repurchased ~365,000 shares for $76 million during the quarter (approximately $398 million remaining under repurchase authorization) and the Board approved a $0.39/share Q3 dividend (more than 5% YoY increase).
Active M&A Pipeline
Completed acquisitions in Q2 and July representing roughly $30 million in annual sales across mechanical insulation (~$12M), residential accessories (~$7M) and hardware (~$7M), and management expects to acquire at least $100 million of annual revenue in 2026.
Multifamily Backlog Improvement and Geographic Strength
Multifamily contract backlog continued to grow; multifamily sales inflected positively in June and July. The South Census region represents ~60% of the company's multifamily revenue and is a key growth market.
DE:2IL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed