Stock of Installed Building Products, Inc. (IBP) is falling about 24 percent on Thursday morning after the company announced its first-quarter financial results, reporting earnings of $34.8 million, or $1.29 per share, down from last year's $45.4 million, or $1.64 per share.
The company's stock is currently trading at $226.11, down 24.50 percent or $73.36, over the previous close of $299.47 on the New York Stock Exchange. It has traded between $150.83 and $349.00 in the past year.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.