Welcome to our dedicated page for Gibraltar Industries news (Ticker: ROCK), a resource for investors and traders seeking the latest updates and insights on Gibraltar Industries stock.
Gibraltar Industries, Inc. (ROCK) is a prominent manufacturer and distributor of products for the building markets, serving a diverse array of customers across various industries in all 50 states and globally. With operational facilities in the United States, Canada, England, Germany, and Poland, Gibraltar Industries has established a strong international presence.
The company's common stock is included in the S&P SmallCap 600 and the Russell 2000® index, indicating its reputable market positioning.
Gibraltar Industries operates through several key segments:
- Renewables: Specializes in designing, engineering, manufacturing, and installing solar racking and electrical balance systems.
- Agtech: Provides comprehensive growing and processing solutions, which include the design, engineering, manufacturing, construction, maintenance, and support of greenhouses, indoor growing operations, and botanical extraction systems.
- Residential: This segment is pivotal for revenue generation, offering products such as roof and foundation ventilation systems, single point and centralized mail systems, electronic package solutions, retractable awnings, and gutter guards.
Recent Achievements: Gibraltar has been at the forefront of innovation, particularly in the renewable energy sector, reflecting their commitment to sustainable and efficient energy solutions. Their consistent performance and strategic initiatives continue to drive growth and expansion.
Current Projects: The company is actively engaged in several cutting-edge projects across its core business segments, ensuring sustained advancement and market leadership.
Financially, Gibraltar Industries maintains a robust condition with steady revenue streams primarily from its residential segment, supplemented by significant contributions from the renewables and agtech segments.
Through strategic partnerships and a commitment to quality, Gibraltar Industries remains a key player in the building markets, providing reliable products and services that meet diverse customer needs.
Gibraltar Industries (ROCK) reported Q3 2024 financial results with net sales of $361.2 million, down 7.6% year-over-year, and adjusted EPS of $1.27, down 7.3%. The company generated strong operating cash flow of $65 million. While Agtech sales grew over 30%, performance was impacted by solar industry headwinds in Renewables and slowdown in Residential markets. The company confirmed its 2024 outlook with revenue guidance of $1.31-$1.33B and adjusted EPS of $4.11-$4.25.
Gibraltar Industries (Nasdaq: ROCK) has appointed James S. Metcalf as a new independent board member, effective October 25, 2024. Metcalf fills the position left by Craig Hindman's May 2024 retirement, bringing the board back to eight members. Metcalf brings extensive experience in construction materials, industrial manufacturing, and building products industries, having served as CEO of USG and Cornerstone Building Brands. At USG, he strengthened core businesses and restored profitability, while at Cornerstone he led manufacturing upgrades, M&A activities, and operational excellence initiatives until his 2022 retirement.
Gibraltar Industries (Nasdaq: ROCK) has announced it will release its third quarter 2024 financial results on Wednesday, October 30, 2024, at approximately 7:30 a.m. ET. The company, which manufactures products for residential, renewable energy, agtech and infrastructure markets, will host a conference call and webcast at 9:00 a.m. ET the same day. CEO Bill Bosway and CFO Joe Lovechio will lead the discussion. The webcast will be available for replay on the company's website for one year.
Gibraltar Industries (Nasdaq: ROCK) has revised its 2024 financial guidance due to ongoing market headwinds in its Renewables and Residential businesses. The company expects net sales to decline and GAAP and Adjusted EPS to be below last year's figures for Q3 2024. Key factors include:
1. Continued solar industry challenges due to trade and regulatory uncertainties.
2. Expiration of the tariff moratorium on panels from the first AD/CVD investigation on December 3, 2024.
3. Slower-than-expected Residential market, including repair and remodel sector.
4. Delayed benefits from participation gains as customers take longer to flush inventory from incumbent suppliers.
Gibraltar has updated its 2024 guidance, projecting net sales of $1,310 - $1,330 million, GAAP EPS of $3.57 - $3.71, and Adjusted EPS of $4.11 - $4.25.
Gibraltar Industries (Nasdaq: ROCK) announced its participation in the Sidoti Small Cap Conference on September 19, 2024. Chairman and CEO Bill Bosway and Senior VP Tim Murphy will present at 10:45 a.m. ET and meet with investors throughout the day.
Gibraltar, a leading manufacturer for residential, renewable energy, agtech, and infrastructure markets, will provide a live webcast of the presentation on their investor relations website. This event offers an opportunity for investors to gain insights into Gibraltar's operations and future strategies.
The company's involvement in the conference highlights its commitment to investor relations and transparency. Interested parties can access the presentation through Gibraltar's website, allowing for wider audience engagement beyond the conference attendees.
Gibraltar Industries (Nasdaq: ROCK) has appointed Joseph A. Lovechio as its new Chief Financial Officer, effective August 19, 2024. Lovechio, previously CFO of Whirlpool 's North America Region, will succeed Timothy F. Murphy, who is retiring. Murphy will continue with Gibraltar through early 2025 to oversee the transition.
Lovechio brings 20 years of experience from Whirlpool, where he held various leadership positions. His expertise spans finance, strategy, M&A, operations, and investor communications. Gibraltar's CEO, Bill Bosway, expressed excitement about Lovechio's appointment, highlighting his financial acumen and experience in business leadership and change management.
Gibraltar Industries (Nasdaq: ROCK), a key player in residential, renewable energy, agtech, and infrastructure markets, has announced its participation in the Seaport Research Partners Annual Summer Investor Conference on August 21, 2024. Chairman and CEO Bill Bosway and CFO Tim Murphy will present and meet with investors during the event.
The company, known for manufacturing and providing various products and services, will make its presentation available on the Gibraltar website under the investor relations section. This conference appearance offers an opportunity for Gibraltar to showcase its business strategies and engage with potential investors, potentially impacting its stock performance.
Gibraltar Industries (Nasdaq: ROCK) reported its Q2 2024 financial results, showing a 3.3% decrease in GAAP net sales and a 2.0% decrease in adjusted net sales. Despite market headwinds, the company achieved solid execution and strong operating cash flow of $36 million. GAAP EPS increased by 5.0% to $1.05, while adjusted EPS rose 2.6% to $1.18. The Residential segment faced unexpected channel destocking, while Renewables experienced project delays. Agtech bookings reached a record $90 million, supporting strong revenue growth expectations for H2 2024. The company slightly adjusted its 2024 net sales outlook but maintained its EPS guidance, with GAAP EPS projected between $4.04 and $4.29, and adjusted EPS between $4.57 and $4.82.
Gibraltar Industries (Nasdaq: ROCK) has announced it will release its second quarter 2024 financial results on Wednesday, July 31, 2024, at approximately 7:30 a.m. ET. The company, a leading manufacturer in the renewable energy, residential, agtech, and infrastructure markets, will host a conference call and webcast at 9:00 a.m. ET on the same day to discuss the results.
CEO Bill Bosway and CFO Tim Murphy will lead the call. Interested parties can access the webcast through the Investors section of Gibraltar's website or by dialing (877) 407-3088 or (201) 389-0927. A replay of the webcast will be available on the company's website for one year following the call.
Gibraltar Industries (Nasdaq: ROCK), a prominent manufacturer in renewable energy, residential, agtech, and infrastructure markets, has announced its participation in the CJS Securities 24th Annual New Ideas Summer Conference. The event will take place on Wednesday, July 10, 2024, in Buffalo, N.Y. Chairman and CEO Bill Bosway, along with CFO Tim Murphy, will represent the company. They are scheduled to present and hold meetings with investors, aiming to discuss new strategies and opportunities. This participation underscores Gibraltar's commitment to engaging with investors and showcasing its market innovations.
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