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Gibraltar Industries, Inc. (ROCK)
:ROCK
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.91Last Year’s EPS
0.85Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 01, 2018
|% Change Since: -3.83%
|Next Earnings Date:Jul 26, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted significant growth in the Agtech segment and strong cash flow generation. However, these positives were offset by challenges in the renewables and residential segments, along with ongoing solar industry difficulties.Company Guidance
During the Q3 2024 earnings call for Gibraltar Industries, executives provided guidance and insights into the company's performance and expectations. The company reported a 6% decline in consolidated net sales on an adjusted basis, with revenue drops in the renewables and residential sectors partially offset by a 34% growth in the Agtech segment. Adjusted operating income decreased by 13.6%, EBITDA by 11.7%, and EPS by 7%, largely due to the renewables business. However, excluding renewables, the rest of the portfolio showed an operating income improvement of 9.3%, EBITDA improvement of 7.8%, and EPS growth of 18.2%, despite a 2% decline in sales. The backlog fell by approximately 15%, affected mainly by solar industry challenges. For the full year, Gibraltar reaffirmed its guidance, expecting net sales between $1.31 billion and $1.33 billion, with an adjusted operating margin between 12.4% and 12.6%, and adjusted EPS ranging from $4.11 to $4.25, reflecting 1% to 4% growth compared to 2023. The company also anticipates generating free cash flow equivalent to about 10% of sales.Agtech Segment Growth
Agtech net sales increased by $10.6 million, up 34%, driven by project starts in the produce segment. Margins expanded by 450 basis points, with expectations for continued improvement.
Strong Cash Flow Generation
Generated $65 million in operating cash flow and $59 million in free cash flow during the quarter. Free cash flow for the year is expected to be approximately 10% of sales.
Infrastructure Segment Performance
Infrastructure backlog increased by 3%, with robust demand and quoting activity. Operating and EBITDA margins improved by 230 basis points.
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ROCK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ROCK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $65.00 | $68.03 | +4.66% |
| Jul 31, 2024 | $80.21 | $74.27 | -7.41% |
| May 01, 2024 | $71.46 | $68.86 | -3.64% |
| Feb 21, 2024 | $85.19 | $74.02 | -13.11% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Gibraltar Industries, Inc. (ROCK) report earnings?
Gibraltar Industries, Inc. (ROCK) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Gibraltar Industries, Inc. (ROCK) earnings time?
Gibraltar Industries, Inc. (ROCK) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ROCK EPS forecast?
ROCK EPS forecast for the fiscal quarter 2024 (Q4) is 0.91.
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