Gibraltar Q1 net sales flat at $292.5M; GAAP EPS up 19% to $0.81, reaffirms FY outlook

GIBRALTAR INDUSTRIES, INC.

Net sales $292.5M essentially flat YoY; adjusted net sales +1.3% to $292.5M.
GAAP net income $24.9M ($0.81 EPS), up 18% and 19.1% respectively.
Adjusted net income $24.5M ($0.80 EPS), up 11.4% and 12.7% respectively.
Renewables segment sales down 13% GAAP (-10.1% adj.); Residential +3.1%, Infrastructure +17.1%.
FY2024 guidance reaffirmed: revenue $1.43B-$1.48B, adj. EPS $4.57-$4.82; Q1 op. cash flow $53.2M.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

GIBRALTAR INDUSTRIES, INC. reported three-month period ended March 31, 2024 results: revenue $292.5, net income $24.9 million, EPS $0.81 per share. Guidance reaffirmed.

Period: three-month period ended March 31, 2024
Revenue: $292.5
Net income: $24.9 million
EPS: $0.81 per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

and CEO Bill Bosway. First Quarter 2024 Consolidated Results Three Months Ended March 31, $Millions, except EPS GAAP Adjusted 2024 2023 Change 2024 2023 Change Net Sales $292.5 $293.3 (0.3)% $292.5 $288.8 1.3% Net Income $24.9 $21.1 18.0% $24.5 $22.0 11.4% Diluted EPS $0.81 $0.68 19.1% $0.80 $0.71 12.7% Residential, Infrastructure and Agtech collectively

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Source: SEC EDGAR

accession 0000912562-24-000026

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