Installed Building Products, Inc. (IBP) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Net revenue	2,669.8	1,968.7	1,653.2	1,511.6	1,336.4	1,132.9	863.0	662.7
Net revenue growth	35.6%	19.1%	9.4%	13.1%	18.0%	31.3%	30.2%	27.9%
Cost of sales	1,842.1	1,379.1	1,143.3	1,076.8	964.8	808.9	610.5	474.4
Gross profit	827.8	589.5	510.0	434.8	371.6	324.0	252.4	188.3
Gross margin	31.0%	29.9%	30.8%	28.8%	27.8%	28.6%	29.3%	28.4%

Operating expenses
Selling	119.0	93.2	81.6	75.0	67.1	58.5	49.7	37.7
Administrative	335.7	272.4	238.1	214.1	185.9	164.5	125.5	99.4
Amortization	43.8	37.1	28.5	24.5	25.4	26.9	17.5	6.3
Operating income	345.4	187.9	161.9	121.2	93.2	74.3	66.1	45.0
Operating margin	12.9%	9.5%	9.8%	8.0%	7.0%	6.6%	7.7%	6.8%

Other expense, net
Interest expense, net	-41.6	-32.8	-30.3	-28.1	-20.5	-17.4	-1.8	-3.7
Other (income) expense	0.5	-0.4	0.4	0.5	0.5	1.1	0.3	-0.7
Income before income taxes	303.3	155.5	131.2	92.6	72.2	55.8	59.6	41.9
Income tax provision	79.9	36.7	33.9	24.4	17.4	14.7	3.0	15.4
Net income	223.4	118.8	97.2	68.2	54.7	41.1	38.4	26.5

Other comprehensive income (loss), net of tax:
Comprehensive income	264.2	127.3	95.6	61.4	53.7	41.6	38.4	26.5

Earnings Per Share:
Basic (in USD per share)	$7.78	$4.04	$3.30	$2.29	$1.76	$1.30	$1.23	$0.85
Diluted (in USD per share)	$7.74	$4.01	$3.27	$2.28	$1.75	$1.30	$1.23	$0.85

Weighted average shares outstanding:
Basic (in shares)	28.7	29.4	29.5	29.8	31.1	31.6	31.3	31.3
Diluted (in shares)	28.9	29.6	29.7	29.9	31.2	31.8	31.4	31.3

Cash dividends declared per share (in USD per share)	$2.16	$1.20