Derivative and Hedging Activities (Tables)

9 Months Ended

Sep. 30, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Notional Amounts of Outstanding Derivative Positions

As of September 30, 2025 and December 31, 2024, we had the following interest rate swap derivatives (notional amounts in millions):


Effective Date	Notional Amount		Fixed Rate		Maturity Date
April 28, 2023	$	200.0	0.46	%	December 31, 2025
April 28, 2023	100.0		1.32	%	December 31, 2025
April 28, 2023	100.0		1.32	%	December 31, 2025
December 31, 2025	300.0		3.06	%	December 14, 2028
December 31, 2025	100.0		2.93	%	December 14, 2028

Schedule of Derivative Instruments, Gain (Loss)

The following table summarizes amounts recorded to interest expense, net included in the Condensed Consolidated Statements of Operations and Comprehensive Income related to our interest rate swaps (in millions):


	Three months ended September 30,				Nine months ended September 30,
	2025		2024		2025		2024
(Benefit) associated with swap net settlements	$	(3.5)	$	(4.5)	$	(10.4)	$	(13.5)
Expense associated with amortization of amended/terminated swaps	0.1		1.1		1.4		3.3

Installed Building Products, Inc. 10-Q