earnings
confidence high
sentiment positive
materiality 0.70
Gibraltar Q1 revenue +10.5%, EPS +47%; reaffirms FY guidance; $200M buyback
GIBRALTAR INDUSTRIES, INC.
2022-Q1 EPS reported
$0.47
revenue$317,865,000
- Q1 GAAP revenue $317.9M (+10.5% YoY); adjusted EPS $0.60 (+11.1%); backlog up 23%.
- Residential revenue +28% with operating margin up 240bps to 18.8%; Renewables -7.8% on supply chain.
- FY2022 guidance reaffirmed: revenue $1.38-1.43B, adjusted EPS $3.20-3.40.
- Agtech processing business classified as held for sale; adjusted Agtech margin improved 160bps.
- Board authorized $200M share repurchase program over 3 years ending May 2, 2025.