Gibraltar Industries, Inc. - ROCK STOCK NEWS

Gibraltar Industries, Inc. (NASDAQ: ROCK), a prominent manufacturer in the renewable energy, residential, agtech, and infrastructure sectors, announced that its Chairman and CEO, Bill Bosway, along with CFO Tim Murphy, will present at the Sidoti Small-Cap Conference on Thursday, March 23, at 1:00 p.m. ET. They will also hold investor meetings throughout the day. A live webcast of the presentation can be accessed through Gibraltar's website. The company's mission focuses on enhancing life quality for people and the planet through innovation in engineering and technology.

Gibraltar Industries, Inc. (NASDAQ: ROCK) reported a 2022 revenue increase of 3.7% and adjusted EPS growth of 18.9%. For Q4 2022, net sales fell 6.1% to $313.9 million, while adjusted net income rose 20.4% to $22.4 million, equating to an adjusted EPS of $0.72, a 28.6% increase. The 2023 outlook anticipates revenue between $1.36 billion and $1.41 billion, and GAAP EPS between $3.04 and $3.24. Key segments showed mixed results, with Renewables down 20.8% due to import guidelines, but Infrastructure grew 4.8% amid strong bidding activity. The company remains optimistic about margin expansion and cash flow growth as market conditions stabilize.

Gibraltar Industries, Inc. (NASDAQ: ROCK) announced a non-cash charge estimated at $14 million for Q4 2022, affecting GAAP earnings per share (EPS), now forecasted at $2.50 to $2.60, down from $2.90 to $3.00. The revenue range remains unchanged at $1.38 billion to $1.43 billion, along with adjusted EPS projected at $3.30 to $3.40. The charge relates to asset write-downs for its processing equipment business. A conference call is planned for February 22, 2023 to discuss these results.

Gibraltar Industries, Inc. (NASDAQ: ROCK) released its annual Corporate Social Responsibility report, showcasing its commitment to sustainability and accountability. CEO Bill Bosway emphasized the company’s role in addressing global challenges through renewable energy and efficient living. Highlights include: a 8.2% reduction in energy intensity from 64.7 MWh in 2020 to 59.4 MWh in 2021, and the completion of seven energy audits to enhance efficiency. Gibraltar operates 34 facilities across several countries and is dedicated to evolving its strategies as demand for sustainable solutions grows.

Gibraltar Industries (Nasdaq: ROCK) has announced that its Chairman and CEO, Bill Bosway, along with CFO Tim Murphy, will present at the CJS Securities 23rd Annual New Ideas for the New Year Conference on January 11 at 8:45 a.m. ET. The presentation will be accessible via a live webcast on Gibraltar’s official website. As a leading provider in the renewable energy, residential, agtech, and infrastructure markets, Gibraltar focuses on innovation aimed at enhancing quality of life and sustainability.

Gibraltar Industries, Inc. (NASDAQ: ROCK) has secured a $400 million revolving credit facility set to mature in December 2027, replacing an expiring agreement. This new facility retains terms from the previous agreement and includes an option to increase by up to $300 million. The funds will be utilized for mergers and acquisitions, share buybacks, and general corporate purposes. The move strengthens Gibraltar's financial position as it continues to target growth across renewable energy, residential, agtech, and infrastructure sectors.

Gibraltar Industries, Inc. (Nasdaq: ROCK) will present at the Bank of America Renewables Conference on December 2, 2022, at 3:20 p.m. ET. Chairman and CEO Bill Bosway, along with CFO Tim Murphy, will also engage in investor meetings that day. The presentation will be available via a live webcast accessible on Gibraltar's website. Gibraltar specializes in products and services for renewable energy, residential, agtech, and infrastructure markets, aiming to enhance life for people and the planet through innovation in engineering and science.

Gibraltar Industries reported a 5.9% increase in revenue to $391.3 million for Q3 2022, with GAAP EPS rising 28.6% to $1.08. Adjusted revenue grew 6.4% to $389.0 million, driven by organic growth and the acquisition of Quality Aluminum Products. Notably, the Renewables segment faced a 14.7% revenue decline due to supply chain challenges, while the Residential segment achieved a 25.7% increase. The company raised its GAAP EPS outlook for 2022 to the range of $2.90 to $3.00.

Gibraltar Industries, Inc. (NASDAQ: ROCK) will release its third quarter 2022 financial results on November 3, 2022, at 7:30 a.m. ET. A conference call will follow at 9:00 a.m. ET, hosted by CEO William Bosway and CFO Timothy Murphy. Investors can access the call via the company's website or by phone. Gibraltar operates in renewable energy, residential, agtech, and infrastructure markets, aiming to enhance life quality through innovation.