Gibraltar Q3 revenue up 24.5% to $369M; GAAP EPS $0.84; CEO Bosway to become Chairman

GIBRALTAR INDUSTRIES, INC.

2021-Q3 EPS reported $2.01 revenue$1,005,334,000

Q3 revenue $369.4M (+24.5% YoY) with 3.9% organic, 20.6% from M&A; GAAP EPS $0.84 vs $0.95, Adj EPS $0.91 vs $0.98.
Renewables revenue surged 85.5% to $130.2M including TerraSmart; backlog record $184M (+80%). Residential +13.1%; Agtech -15.5%.
FY2021 guidance: revenue $1.31-1.35B, GAAP EPS $2.45-2.56, Adj EPS $2.95-3.06; Q4 adj EPS growth 21-39% expected.
CEO Bill Bosway appointed Chairman effective Jan 1, 2022; Chairman Bill Montague to retire after 2022 annual meeting.
Atlee Valentine Pope named Lead Independent Director effective Jan 1, 2022; board to reduce to 8 directors.

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