Shares of Installed Building Products (IBP) plummeted 5.77% in pre-market trading on Thursday following the release of its first-quarter 2025 earnings report. The company's results fell short of analysts' expectations on several key metrics, despite a slight beat on revenue.

Installed Building Products reported adjusted earnings per share (EPS) of $2.08 for Q1, significantly below the $2.19 expected by analysts polled by FactSet. This represents a notable decline from the $2.47 per share reported in the same quarter last year. The company's net income also disappointed, coming in at $45.4 million compared to the estimated $60.1 million.

While IBP's Q1 revenue of $684.8 million slightly exceeded the consensus estimate of $679.3 million, it still marked a decrease from the $692.9 million reported in the previous year. Operating income for the quarter was $69.8 million, falling short of the expected $83.8 million. These results suggest that the company is facing challenges in maintaining profitability despite relatively stable sales, which likely contributed to the negative market reaction.