Installed Building Products Inc

We maintain a bullish posture across all horizons for IBP, anchored in a long-term uptrend, a Stage 2 medium-term advance confirmed by bullish structural patterns, and a short-term pullback into rising EMAs offering a favorable entry opportunity.

• ↑Heavy commercial segment sales grew 20%+, offsetting residential weakness
• ↑Operating cash flow rose 11% to $102 M in Q1, underlining liquidity
• ↓Q1 net revenue declined 4% to $661 M, led by 6% residential sales drop