NOTE 1 – ORGANIZATION

Installed Building Products (“IBP”), a Delaware corporation formed on October 28, 2011, and its wholly-owned subsidiaries (collectively referred to as the “Company,” and “we,” “us” and “our”) primarily install insulation, waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors and other products for residential and commercial builders located in the continental United States. The Company operates in over 175 locations and its corporate office is located in Columbus, Ohio.

We have one operating segment and a single reportable segment. We offer our portfolio of services for new and existing single-family and multi-family residential and commercial building projects from our national network of branch locations.

Each of our branches has the capacity to serve all of our end markets. For the years ended December 31, 2018, 2017 and 2016, residential new construction and repair and remodel was 84%, 83% and 88% of our net revenue and commercial construction was 16%, 17% and 12% of our net revenue, respectively. The following table sets forth the percentage of our net revenue by product category:


	Years ended December 31,
	2018			2017			2016
Insulation		66	%		67	%		77	%
Waterproofing		7			8			2
Shower doors, shelving and mirrors		7			7			5
Garage doors		6			5			6
Rain gutters		3			4			4
Blinds		2			2			1
Other building products		9			7			5

		100	%		100	%		100	%