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. (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 (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.
Gibraltar Industries, Inc. (Nasdaq: ROCK) announced that its Chairman and CEO Bill Bosway and CFO Tim Murphy will participate in the Sidoti September Small-Cap Virtual Conference on September 22, 2022. They will engage in investor meetings throughout the day. Gibraltar specializes in products and services across renewable energy, residential, agtech, and infrastructure markets, aiming to enhance life for people and the planet through innovation. For more details, the latest slide presentation is available on their website.
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.
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