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, Inc. (Nasdaq: ROCK) reported a 33.5% increase in net sales to $287.6 million for Q1 2021, driven by strong performances in the Renewables and Residential segments. Adjusted EPS rose 30.8% to $0.53. The company achieved robust organic growth of 10% and benefitted from recent acquisitions, including TerraSmart. Additionally, the order backlog strengthened to $355 million, reflecting solid execution amid pandemic challenges. Gibraltar is restructuring its reporting segments for better transparency, now focusing on Renewables, Residential, Agtech, and Infrastructure.
Gibraltar Industries (Nasdaq: ROCK) is set to announce its first quarter 2021 financial results on May 5, 2021, at approximately 7:30 a.m. ET. The results will be discussed during a conference call starting at 9:00 a.m. ET, led by CEO William Bosway and CFO Timothy Murphy. Investors can access the call via the company's website or by phone. Gibraltar operates in the renewable energy, conservation, residential, and infrastructure markets, aiming for sustainable growth through strategic initiatives.
Gibraltar Industries (Nasdaq: ROCK) has appointed Betsy Jensen as the new Chief Human Resources Officer, succeeding Cherri Syvrud. Betsy joins from Danaher Corporation and will report to CEO Bill Bosway. Her role will focus on enhancing human resource strategies, advancing diversity and inclusion, and ensuring a safe work environment. Bosway commended Cherri for her contributions over the past five years as she retires. Betsy brings extensive HR experience from various leadership positions, including at Illinois Tool Works and Abbott Laboratories.
Gibraltar Industries (NASDAQ: ROCK) reported strong fourth-quarter 2020 results, with net sales rising 17.3% to $265.2 million and GAAP EPS increasing 15.2% to $0.53. The company achieved a solid backlog of approximately $300 million, up 50%, and anticipates revenue for 2021 between $1.3 billion and $1.35 billion. Adjusted EPS for 2021 is projected to be between $3.30 and $3.47. Despite challenges in the Renewable Energy segment, Gibraltar is confident in maintaining growth and margin expansion moving into 2021.
Gibraltar Industries, Inc. (Nasdaq: ROCK) has appointed Gwen G. Mizell and Manish H. Shah as independent board members effective February 24, 2021. Mizell, head of Sustainability and Electrification at Ameren, and Shah, Chief Information Officer at Community Health Systems, will enhance the board's expertise in sustainability, digital transformation, and risk management. Current board members Sharon M. Brady and Vinod M. Khilnani will retire at the end of their terms. The board is strategically refocusing on leadership and governance, aiming for sustainable value creation in their markets.
Gibraltar Industries (Nasdaq: ROCK) has finalized the sale of its Industrial business to Pacific Avenue Capital Partners, aligning with its strategy to focus on core markets. CEO Bill Bosway emphasized that this divestiture allows Gibraltar to concentrate on delivering higher growth and returns. The Industrial unit will be classified as a discontinued operation in Q4 2020 results, and the company plans to reduce debt with proceeds from the sale. The transaction is seen as a strong foundation for future acquisitions within a fragmented industry.
Gibraltar Industries, Inc. (Nasdaq: ROCK) plans to release its fourth quarter 2020 financial results on February 25, 2021, at 7:30 a.m. ET. A subsequent conference call will occur at 9:00 a.m. ET hosted by CEO William Bosway and CFO Timothy Murphy. Investors can access the call via the Investor Info section of Gibraltar's website or through the provided dial-in numbers. Additionally, a replay of the webcast will be available for one year, allowing interested parties to review the results.
Gibraltar Industries (Nasdaq: ROCK) announced the acquisition of TerraSmart for $220 million and Sunfig for $3.75 million, boosting its solar energy portfolio. TerraSmart provides screw-based solar racking solutions, expected to yield $150-$155 million in 2020 revenue, while Sunfig offers software that optimizes solar investments. These acquisitions position Gibraltar as the largest turnkey provider in the U.S. solar market, with revenues projected to exceed $700 million by 2025. The transactions are anticipated to be immediately accretive to earnings, enhancing Gibraltar's commitment to renewable energy.
Gibraltar Industries, a manufacturer in renewable energy and infrastructure, reported a 10.2% revenue increase for Q3 2020, totaling $329.7 million. Adjusted EPS rose 11.6% to $1.06, with net income increasing 38.0% to $33.8 million. The firm completed a $27 million acquisition of Architectural Mailboxes, enhancing its mail solutions. Additionally, the backlog reached $304 million, a 26% increase. The company anticipates Q4 performance will exceed last year's results, despite uncertainties from the pandemic and economic conditions.
Gibraltar Industries, Inc. (Nasdaq: ROCK) announced it will release its third quarter financial results on October 29, 2020, at 7:30 a.m. ET. A conference call to discuss these results will follow at 9:00 a.m. ET, featuring CEO William Bosway and CFO Timothy Murphy. Interested parties can access the live call via the Investor Info section of Gibraltar's website or by phone. A webcast replay will be available for one year post-event.
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