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Ibstock PLC (IBST) is a leading manufacturer of clay bricks and concrete products headquartered in Ibstock, England. Apart from clay bricks, its product portfolio includes brick components, concrete fencing, concrete roof tiles, concrete rail products, concrete stone masonry substitutes, and prestressed concrete products. The company targets four key end-markets: repair, maintenance and improvement (RMI); new-build housing; other new builds, and infrastructure. The business operates in the UK and the US. The Ibstock share price is listed on the London Stock Exchange and included in the FTSE 250 Index.
Founded in 1899 as a coal mining business, Ibstock quickly expanded. It was then acquired by Bain Capital in 2015, as part of a management buyout. In 2018, the company’s annual revenue was £391.4 million.
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The last of the Magnificent Seven have reported, delivering mixed results. Meanwhile, according to FactSet, the S&P 500 is set for negative earnings growth for Q4, with estimates for the next quarter also downgraded.
14:43, 2 February 2024
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