earnings
confidence high
sentiment positive
materiality 0.75
Gibraltar Q4 adjusted EPS up 28.6% to $0.72; guides FY2023 adjusted EPS $3.46-$3.66
GIBRALTAR INDUSTRIES, INC.
2022-FY EPS reported
$2.56
revenue$1,389,966,000
- Q4 GAAP revenue $313.9M (-6.1% YoY); adjusted revenue $312.9M (-5.2%); GAAP EPS $0.11 vs $0.30; adjusted EPS $0.72 vs $0.56.
- Full year 2022: GAAP revenue $1.38B (+3.7%); adjusted EPS $3.40 (+18.9%); GAAP EPS $2.56 (+13.8%).
- 2023 outlook: revenue $1.36B-$1.41B; GAAP EPS $3.04-$3.24; adjusted EPS $3.46-$3.66.
- Renewables segment revenue down 20.8% due to UFLPA panel import issues; adjusted op margin improved 1390 bps to 15.2%.
- Recorded $14M non-cash charge for write-down of processing equipment business in Agtech.