Gibraltar Industries Beats EPS Expectations Despite Missing Revenue Goals.

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Gibraltar Industries ($NASDAQ:ROCK), a manufacturer of metal and building products, recently reported their quarterly earnings results, beating expectations on Non-GAAP EPS but missing on revenue.

However, revenue of $292.32M fell short of the forecast by $6.58M. Gibraltar Industries is a global leader in the manufacture of metal products and building components. Their products are used in a wide variety of applications, from residential and commercial construction to home improvement and industrial manufacturing. With a focus on innovation, the company is committed to finding new ways to make their products more efficient and cost-effective for their customers. Despite missing their revenue goals this quarter, investors were heartened by the strong EPS performance and have responded positively to the news. The company is hopeful that their investments in new product innovations will help them increase revenues in the coming quarters and sustain their growth.

Earnings

GIBRALTAR INDUSTRIES released their latest earning report as of December 31, 2022. The report showed that the company earned 313.86M USD in total revenue and 3.35M USD in net income. Despite this, the company still did not meet their revenue goal. In comparison to the same quarter last year, GIBRALTAR INDUSTRIES experienced a 6.2% decrease in total revenue and a 64.2% decrease in net income.

Over the past three years, GIBRALTAR INDUSTRIES’ total revenue has grown from 167.66M USD to 313.86M USD, while net income has fluctuated. Despite the recent decrease in net income, GIBRALTAR INDUSTRIES still managed to exceed the EPS expectation set by analysts for FY2022 Q4.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Gibraltar Industries. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Gibraltar Industries. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Gibraltar Industries. More…

Key Ratios Snapshot

Some of the financial key ratios for Gibraltar Industries are shown below. More…

Market Price

GIBRALTAR INDUSTRIES‘ stock opened on Wednesday at $50.6 and closed at $54.3, a rise of 8.8% from its last closing price of $49.9. Despite a lower-than-expected revenue for the second quarter, the company managed to beat EPS expectations. The company attributed its results to strong operational performance in its Building Products and Industrial and Infrastructure businesses, which drove gross margin expansion and strong operating cash flows. This in turn enabled the company to continue to repurchase shares and return capital to shareholders.

With the positive earnings report, analysts expect the stock price to continue rising in the near future. Investors have continued to show confidence in GIBRALTAR INDUSTRIES despite missing revenue goals, which goes to show the long-term potential of the company. Live Quote…

Analysis

At GoodWhale, we have performed an in-depth analysis of GIBRALTAR INDUSTRIES‘s financials. Our Risk Rating system has ranked GIBRALTAR INDUSTRIES as a medium risk investment in terms of both financial and business aspects. Furthermore, our analysis has discovered 1 risk warnings in the income sheet. To learn more about this potential risk, please visit our website at goodwhale.com and register for free. With our system, you can easily access all the findings of our research, and make an informed decision about the company’s financial health. More…

Peers

Gibraltar Industries Inc produces a wide range of products for the construction and industrial markets. Its competitors are Genuit Group PLC, BBR Holdings (S) Ltd, and Innotec Tss AG. All four companies manufacture products that are used in the construction and industrial markets.

– Genuit Group PLC ($LSE:GEN)

Genuit Group PLC is a provider of outsourced business solutions. The company has a market cap of 652.83M as of 2022 and a ROE of 6.61%. The company offers a range of services including customer relationship management, finance and accounting, human resources, and IT.

– BBR Holdings (S) Ltd ($SGX:KJ5)

BBR Holdings (S) Ltd is a Singapore-based company that is engaged in the business of providing marine transportation and related services. The Company operates a fleet of tankers and barges. It offers services such as crude oil transportation, product transportation, and storage and other ancillary services. The Company’s subsidiaries include BBR Resources Pte. Ltd., which is engaged in the business of crude oil and product transportation; and BBR Terminals Pte. Ltd., which is engaged in the business of providing marine transportation and related services.

– Innotec Tss AG ($LTS:0NL8)

Innotec Tss AG is a publicly traded company with a market capitalization of 79.43 million as of 2022. The company has a return on equity of 11.08%. Innotec Tss AG is engaged in the business of providing engineering and consulting services. The company was founded in Switzerland and has offices in Zurich, Switzerland and Berlin, Germany.

Summary

Gibraltar Industries reported strong non-GAAP earnings per share (EPS) of $0.70, beating analysts’ estimates by $0.15.

However, revenue of $292.32M fell short of expectations by $6.58M. Despite this miss, investors reacted positively to the news and the stock price moved up the same day. Analysts suggest that the upbeat earnings report, combined with the company’s resilient performance in tough economic conditions, is the likely reason behind the rally in the stock price. Going forward, investors should keep an eye on how the company maneuvers in uncertain markets and how its strong balance sheet helps it to capitalize on opportunities.