Installed Building Products (IBP) Proxy Filing summary

Executive summary

• Achieved record net revenue of $2.9 billion, net income of $257 million, and net income per diluted share of $9.10 in 2024, driven by organic growth and nine acquisitions adding over $100 million in annual revenue.

• Returned $230 million to shareholders through dividends and share repurchases in 2024, reflecting a disciplined capital allocation strategy.

• Maintains a strong acquisition pipeline and intends to leverage its balance sheet for further geographic and market expansion.

• Focuses on operational efficiencies, expense management, and employee retention through comprehensive benefits and training.

Voting matters and shareholder proposals

• Shareholders will vote on: (1) election of three directors for three-year terms, (2) ratification of Deloitte & Touche LLP as independent auditor for 2025, and (3) advisory approval of executive compensation.

• Board recommends voting FOR all proposals.

Board of directors and corporate governance

• Board consists of nine directors, 78% independent, with 33% women and 33% diverse members.

• Board committees (Audit, Compensation and Human Capital, Nominating and Corporate Governance) are fully independent.

• Annual board and committee self-assessments, robust stock ownership requirements, and a presiding independent director ensure effective oversight.

• Succession planning and risk oversight are reviewed annually.