earnings
confidence high
sentiment positive
materiality 0.80
Gibraltar Q2 2022: Adj EPS $0.96 (+19% YoY), Revenue $364.2M (+6.8%), reaffirms FY guidance
GIBRALTAR INDUSTRIES, INC.
2022-Q2 EPS reported
$1.36
revenue$684,814,000
- GAAP revenue $366.9M (+5.3%), adj revenue $364.2M (+6.8%); GAAP EPS $0.90 (+12.5%), adj EPS $0.96 (+18.5%)
- Residential revenue +21.9% to $200.2M, adj op margin 18.5%; Renewables revenue -5.8% to $101.5M but sequential margin improvement >1,200 bps
- Agtech revenue -18.6% on project delays into H2, backlog +30%; Infrastructure revenue -5.3% but bidding activity strong
- FY 2022 guidance reaffirmed: revenue $1.38B-$1.43B, GAAP EPS $2.80-$3.00, adj EPS $3.20-$3.40