Installed Business Products Shares Drop After Lower 1Q Revenue, Net

Dow Jones

05/08

By Chris Wack

Installed Business Products shares were 25% lower, at $223.33, after the company reported first-quarter revenue and profit that were lower than last year.

The engineering and construction company reported quarterly revenue of $660.5 million, compared with $684.8 million in the same quarter last year. Analysts polled by FactSet were looking for revenue of $668.9 million.

Net income for the quarter was $34.8 million, or $1.29 a share, down from $45.4 million, or $1.64 a share, last year. Analysts were looking for earnings of $44.2 million, or $1.59 a share.

Adjusted earnings was $1.79 a share, compared to the $1.96 analysts had forecast.

The company said the last quarter included a macroeconomic backdrop that has raised uncertainty with respect to U.S. consumer sentiment and new home sales activity. It expects near-term challenges within U.S. residential construction to continue

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

May 07, 2026 14:06 ET (18:06 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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Analysts polled by FactSet were looking for revenue of $668.9 million. \n</p>\n<p>\n  Net income for the quarter was $34.8 million, or $1.29 a share, down from $45.4 million, or $1.64 a share, last year. Analysts were looking for earnings of $44.2 million, or $1.59 a share. \n</p>\n<p>\n  Adjusted earnings was $1.79 a share, compared to the $1.96 analysts had forecast. \n</p>\n<p>\n  The company said the last quarter included a macroeconomic backdrop that has raised uncertainty with respect to U.S. consumer sentiment and new home sales activity. It expects near-term challenges within U.S. residential construction to continue \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Chris Wack at chris.wack@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 07, 2026 14:06 ET (18:06 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BGHQF417.EUR","symbol_name":"GUINNESS SUSTAINABLE ENERGY \"C\" (EUR) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2633120907","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2633120907","pubTimestamp":1778177160,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Installed Business Products shares were 25% lower, at $223.33, after the company reported first-quarter revenue and profit that were lower than last year.The engineering and construction company reported quarterly revenue of $660.5 million, compared with $684.8 million in the same quarter last year. 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It expects near-term challenges within U.S. residential construction to continue \n\n\n \n\n\n  Write to Chris Wack at chris.wack@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 07, 2026 14:06 ET (18:06 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}