Welcome to our dedicated page for Gibraltar Inds news (Ticker: ROCK), a resource for investors and traders seeking the latest updates and insights on Gibraltar Inds stock.
Gibraltar Industries, Inc. (Nasdaq: ROCK) generates regular news and disclosures as a manufacturer and provider of products and services for the residential, agtech, renewable energy and infrastructure markets. Company updates often highlight its focus on building products and structures, portfolio decisions and participation in key industry and investor events.
News about Gibraltar frequently covers financial results, including quarterly net sales, earnings, margins, cash flow and segment performance for its residential, agtech, renewables and infrastructure businesses. Releases also discuss trends in areas such as residential roofing, building accessories, controlled environment agriculture projects and infrastructure-related activity, as well as backlog and demand indicators.
Investors following ROCK can also expect announcements on strategic actions. Gibraltar has reported a Board-approved plan to sell its Renewables business and reclassify that segment as discontinued operations, reflecting a shift toward building products and structures in residential, agtech and infrastructure. The company has also announced a Securities Purchase Agreement to acquire OmniMax International, a manufacturer of residential roofing accessories and rainwater management systems, subject to customary closing conditions.
In addition, Gibraltar issues news about investor conference participation and webcast presentations, where its leadership discusses strategy, market conditions and financial performance. These events include appearances at conferences hosted by firms such as CJS Securities, Sidoti and Seaport Research Partners.
This news page aggregates such press releases and related items so readers can review Gibraltar’s reported results, portfolio updates, acquisition announcements and investor outreach activities in one place.
Gibraltar Industries (Nasdaq: ROCK), a major manufacturer serving residential, renewable energy, agtech, and infrastructure markets, has announced its participation in the upcoming BofA Clean Energy Symposium.
Chairman and CEO Bill Bosway and CFO Joe Lovechio will engage with investors at the symposium scheduled for December 6, 2024.
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.
FAQ
What is the current stock price of Gibraltar Inds (ROCK)?
What is the market cap of Gibraltar Inds (ROCK)?
