Gibraltar Industries, Inc. - ROCK STOCK NEWS

On August 23, 2022, Blackford Capital announced the successful exit from its investment in Quality Aluminum Products (QAP), selling it to Gibraltar Industries, Inc. (NASDAQ: ROCK) for $54 million. QAP, acquired in January 2016, specializes in aluminum and steel products for wholesale markets. Under Blackford's management, QAP achieved a 17% annual revenue CAGR, emphasizing customer service and product quality. Blackford expressed confidence in QAP's continued growth under Gibraltar's residential business, further enhancing its production capabilities and market position.

Gibraltar Industries (NASDAQ: ROCK) has announced the acquisition of Quality Aluminum Products for $54 million in cash. This strategic move aims to enhance Gibraltar's residential product offerings and expand its market presence in the Midwest, Northeast, and South. For the 12 months ended July 31, 2022, QAP generated $93 million in revenue and $11.5 million in Adjusted EBITDA. The acquisition is expected to be immediately accretive to earnings, supporting Gibraltar's growth objectives and enhancing customer satisfaction.

Gibraltar Industries, Inc. (Nasdaq: ROCK) has announced that its Chairman and CEO, Bill Bosway, along with CFO Tim Murphy, will attend the Seaport Research Partners Annual Summer Investor Conference on August 23, 2022. The executives will hold meetings with investors throughout the day. Interested parties can view the latest slide presentation on Gibraltar's website. Gibraltar specializes in products and services for renewable energy, residential, agtech, and infrastructure sectors.

Gibraltar Industries reported strong Q2 2022 results, with GAAP revenue up 5% to $366.9 million and adjusted revenue up 7% to $364.2 million. GAAP EPS increased by 13% to $0.90, while adjusted EPS rose 19% to $0.96. The company's order backlog reached $408 million, up 5%. However, challenges in the Renewables segment due to trade issues and supply chain disruptions affected revenue. The company reaffirmed its full-year guidance of $1.38 billion to $1.43 billion in revenue and EPS of $2.80 to $3.00 GAAP, and $3.20 to $3.40 adjusted.

Gibraltar Industries (NASDAQ: ROCK) will release its Q2 2022 financial results on August 3, 2022, at 7:30 a.m. ET, followed by a conference call at 9:00 a.m. ET hosted by CEO William Bosway and CFO Timothy Murphy. The call will be accessible via the company's website and by phone. A replay will be available for one year. Gibraltar is a leading manufacturer in renewable energy, residential, agtech, and infrastructure markets, focused on innovation and sustainability across North America.

Gibraltar Industries, Inc. (NASDAQ: ROCK) announces that its Chairman and CEO, Bill Bosway, along with CFO Tim Murphy, will present at the CJS 22nd Annual New Ideas Summer Conference on July 12, 2022. They will also engage in investor meetings that day. Gibraltar is a key player in the renewable energy, residential, agtech, and infrastructure markets, focused on enhancing life through engineering and technology. For further details, the company's latest slide presentation is accessible on their website.

Gibraltar Industries, Inc. (NASDAQ: ROCK) announced that its Chairman and CEO, Bill Bosway, along with CFO Tim Murphy, will present at the Bank of America Clean Energy Conference on June 13, 2022. They will also hold investor meetings throughout the day. This event highlights Gibraltar's commitment to renewable energy and sustainable solutions across various markets, including residential and agtech sectors. For more details, the presentation will be accessible on Gibraltar's website.

Gibraltar Industries, Inc. (Nasdaq: ROCK), known for its products in renewable energy, residential, agtech, and infrastructure, announced participation in the KeyBanc Capital Markets 22nd Annual Industrials & Basic Materials Conference. CEO Bill Bosway and CFO Tim Murphy will hold investor meetings on June 2, 2022. A presentation will be accessible on Gibraltar's website, enhancing investor engagement and transparency. The company's mission focuses on improving lives through advancements in engineering and technology across North America.

Gibraltar Industries reported first-quarter 2022 results with GAAP revenue rising 11% to $317.9 million and GAAP EPS up 47% to $0.47. Adjusted revenue increased 12% to $316.0 million, reflecting a strong performance in the Residential segment, which grew 28% year-over-year. The company reaffirmed its 2022 guidance for revenue between $1.38 billion and $1.43 billion and EPS of $2.80 to $3.00. Backlog remains robust, up 23%, although the Renewables segment faced challenges due to supply chain issues. The decision to sell its Agtech processing business is poised to enhance focus on profitable areas.