8-K
filed November 3, 2022, 7:59 PM ET
ticker ROCK
CIK 0000912562
earnings
confidence high
sentiment positive
materiality 0.75
Gibraltar Q3: GAAP EPS $1.08, revenue up 5.9%; raises low end of FY guidance
GIBRALTAR INDUSTRIES, INC.
2022-Q3 EPS reported
$2.43
revenue$1,076,105,000
- GAAP EPS $1.08 vs $0.84 (+28.6% YoY); adjusted EPS $1.12 vs $0.94 (+19.1%).
- Revenue $391.3M (+5.9% YoY); adjusted revenue $389.0M (+6.4%).
- Renewables revenue -14.7% due to solar panel supply constraints (UFLPA, AD/CVD).
- Residential revenue +25.7% (9th consecutive double-digit quarter); organic +19%.
- FY2022 guidance: GAAP EPS $2.90-$3.00 (prev $2.80-$3.00); adj. EPS $3.30-$3.40.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
GIBRALTAR INDUSTRIES, INC. reported Three Months Ended September 30, 2022 results: revenue $391.3, net income $34.3, EPS $1.08.
- Period
- Three Months Ended September 30, 2022
- Revenue
- $391.3
- Net income
- $34.3
- EPS
- $1.08
- Result
- reported results
Exact text from the filing
Third Quarter 2022 Consolidated Results from Continuing Operations Below are third quarter 2022 consolidated results from continuing operations: Three Months Ended September 30, 2022 $Millions, except EPS GAAP Adjusted 2022 2021 % Change 2022 2021 % Change Net Sales $391.3 $369.4 5.9% $389.0 $365.5 6.4% Net Income $34.3 $27.9 22.9% $35.7 $31.2 14.4% Diluted EPS $1.08 $0.84 28.6% $1.12 $0.94 19.1%
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
GIBRALTAR INDUSTRIES, INC. reported the full year 2022 results: revenue $1.38 billion to $1.43 billion, EPS $2.90 to $3.00. Guidance raised.
- Period
- the full year 2022
- Revenue
- $1.38 billion to $1.43 billion
- EPS
- $2.90 to $3.00
- Guidance
- raised
- Result
- guidance update
Exact text from the filing
Gibraltar is raising the lower end and narrowing the range of its EPS outlook for the full year 2022, with consolidated revenue still expected to range between $1.38 billion and $1.43 billion. GAAP EPS is expected to be between $2.90 and $3.00, and adjusted EPS expected to be between $3.30 and $3.40.
View on SEC.gov
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