Columbus-based Installed Building Products became a billion-dollar business in 2017


Installed Building Products revenue vaulted 31 percent in 2017, and it's now a billion-dollar business.

Net revenue jumped from $863 million in 2016 to $1.13 billion in 2017, increasing gross profit 28.4 percent to $324 million in the process, the building insulation and construction materials company (NYSE:IBP) reported in its 2017 results. Net income is $41.1 million, up from $38.4 million the previous year.

“IBP’s record 2017 financial and operating results reflect the continued success…

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