Installed Business Products shares fall 25% after weaker first-quarter results

6 articles · Updated · MarketWatch · May 7

The stock fell to $223.33 after revenue slipped to $660.5 million from $684.8 million and net income dropped to $34.8 million, missing FactSet analyst estimates.
Earnings were $1.29 a share versus $1.64 a year earlier, while adjusted earnings of $1.79 also trailed the $1.96 analysts expected.
The engineering and construction company said macroeconomic uncertainty, weaker US consumer sentiment and softer new-home sales are likely to keep pressuring near-term residential construction demand.

With falling home prices but fewer building permits, what do mixed signals mean for the future of housing affordability?

As the housing market falters, is diversifying into remodeling enough for construction companies to survive the downturn?

Can technology rescue the U.S. construction industry from its decades-long productivity decline and severe labor shortages?