🟢 Installed Building Products is trading 4.1% up today after Q2 adjusted EPS beat estimates

Installed Building Products is trading at $245.42 (+4.10%) after investors continued digesting its August 6 earnings release.

• Second-quarter revenue reached $777.8 million, while adjusted EPS of $2.91 exceeded estimates of $2.55.
• The company repurchased approximately $76 million of shares and raised its quarterly dividend more than 5%.
• The move is notable despite weaker broader markets and follows August 10’s 3.40% decline.