earnings
confidence high
sentiment negative
materiality 0.80
Gibraltar lowers FY2021 adjusted EPS guidance to $2.74-2.78; Q4 Renewables miss
GIBRALTAR INDUSTRIES, INC.
2021-FY EPS reported
$2.29
revenue$1,339,783,000
- GAAP EPS FY2021 estimated $2.21-$2.25, below prior guidance $2.45-$2.56; 2020 was $2.53.
- Adjusted EPS FY2021 estimated $2.74-$2.78, below prior $2.95-$3.06; 2020 was $2.73.
- Revenue from continuing ops expected $1.31-$1.35B, in line with guidance, up 25-30% YoY from $1.03B.
- Q4 GAAP EPS $0.26-$0.30 (guidance $0.48-$0.60); Adjusted $0.50-$0.54 (guidance $0.71-$0.82).
- Miss driven by Renewables: field inefficiencies from supply disruptions and structural steel inflation in solar canopy.