Net sales increased 16% year-over-year to 268688000, driven by acquisitions in Residential and Agtech, while GAAP net income declined significantly to 11798000 primarily due to a prior-year gain on sale and acquisition-related costs.
Gibraltar Industries reported a solid start to the year with flat adjusted net sales and an 18.8% increase in adjusted EPS. The company achieved a record backlog of $434 million, up 30%, and invested $90 million in two strategic metal roofing acquisitions.
Gibraltar Industries reported Q4 2024 results with net sales of $302.1 million and adjusted EPS of $1.01. GAAP net income more than doubled to $46.2 million, and adjusted net income increased 17.9% to $31.0 million. The company provided 2025 guidance with net sales expected between $1.40B and $1.45B and adjusted EPS between $4.80 and $5.05.
Gibraltar Industries reported Q3 2024 results within the previously announced range. Agtech sales grew over 30%, and three of four segments delivered margin growth, resulting in $65 million in cash flow generation.
Gibraltar Industries reported a decrease in GAAP net sales by 3.3% and adjusted net sales by 2.0%. Net income increased by 4.9% to $32.2 million, with adjusted net income up 2.8% to $36.4 million. Strong operating cash flow generation reached $36 million.
Gibraltar Industries reported mixed results for Q1 2024. While GAAP net sales were essentially flat, adjusted net sales increased slightly. GAAP EPS saw a significant increase, as did adjusted EPS. Growth in Residential, Agtech, and Infrastructure segments offset a slower start in the Renewables segment.
Gibraltar Industries reported a 5% increase in revenue and an 18% increase in adjusted EPS for Q4 2023. The company's performance was driven by growth across all segments and an increase in order backlog. They delivered 5% revenue growth, 50 basis points of adjusted operating margin expansion and adjusted EPS growth of 18%.
Gibraltar Industries reported flat net sales but increased EPS and generated strong free cash flow due to profitability expansion and working capital management. The company is raising its full-year EPS guidance and narrowing its net sales outlook.
Gibraltar Industries reported flat net sales but increased profitability in Q2 2023. Adjusted operating income improved 18%, EPS improved 23%, and the company generated 20% free cash flow. The company is raising its adjusted EPS guidance range 12% - 13% and reaffirming its net sales outlook.
Gibraltar Industries reported a decrease in net sales by 8%, but GAAP EPS increased by 45% and adjusted EPS increased by 17%. The company generated strong free cash flow and reaffirmed its 2023 net sales, EPS, and cash flow growth outlook.
Gibraltar Industries reported a decrease in revenue but an increase in adjusted net income and adjusted EPS for Q4 2022. The company's performance was driven by profitability improvements in the Renewables and Infrastructure segments.
Gibraltar Industries reported strong Q3 2022 results, with revenue up 5.9% to $391.3 million and GAAP EPS up 28.6% to $1.08. The company is raising the lower end and narrowing the range of its EPS outlook for the full year 2022.
Gibraltar Industries reported a 5.3% increase in revenue to $366.9 million and a 11.0% increase in GAAP earnings to $29.3 million, or $0.90 per share. Adjusted revenue increased 6.8% to $364.2 million and adjusted earnings increased 18.0% to $31.5 million, or $0.96 per share.
Gibraltar Industries reported a strong first quarter in 2022, with revenue up 11% and EPS up 47%. The company's Residential business performed exceptionally well, while supply chain challenges continued to impact the Renewables segment. Demand remains robust, with backlog up 23%.
Gibraltar Industries reported a 26.1% increase in Q4 revenue to $334.4 million, driven by organic growth and acquisitions. GAAP earnings decreased by 44.3% to $9.8 million, while adjusted earnings decreased by 7.7% to $18.0 million, impacted by margin compression in the Renewables segment. The company anticipates revenue between $1.38 billion and $1.43 billion, GAAP EPS between $2.80 and $3.00, and adjusted EPS between $3.20 and $3.40 for the full year 2022.
Gibraltar Industries reported a 24.5% increase in net sales to $369.4 million, driven by organic growth and acquisitions. GAAP EPS decreased by 11.6% to $0.84, while adjusted EPS decreased by 7.1% to $0.91. The company's order backlog increased by 10% to $385 million, driven by renewables.
Gibraltar Industries reported a strong second quarter in 2021, with a 37% increase in revenue, driven by both organic growth and acquisitions. The company's order backlog reached a record high of over $400 million. Despite inflationary pressures, the company managed to deliver solid financial results, with GAAP and adjusted EPS up 8% and 7%, respectively.
Gibraltar Industries reported a strong first quarter in 2021, with revenue increasing by 34% and adjusted EPS growing by 33%. The company's order backlog also reached a record $355 million, driven by strong demand across all segments.
Gibraltar Industries reported a solid fourth quarter performance with a 17% increase in revenue and a 4% increase in adjusted EPS. The company enters 2021 with a strong backlog of approximately $300 million, up 50%.
Gibraltar Industries reported a 10.2% increase in revenue and an 11.6% increase in adjusted EPS for Q3 2020. GAAP earnings increased 38.0% to $33.8 million, or $1.02 per share, while adjusted earnings increased 11.9% to $34.9 million, or $1.06 per share.
Gibraltar Industries reported strong second-quarter results with revenue growth driven by Residential Products and Renewable Energy & Conservation segments. GAAP earnings and adjusted earnings per share increased significantly. The company's backlog continued to build, indicating positive momentum.
Gibraltar Industries reported a strong first quarter in 2020, with a 9.7% increase in net sales to $249.4 million. GAAP earnings per share increased by 94.7% to $0.37, and adjusted EPS increased by 67.9% to $0.47. The company's backlog grew by 39% to $258 million, driven by demand in the Renewable Energy & Conservation and Infrastructure segments.
Gibraltar Industries reported a solid fourth quarter in 2019, with a 7% increase in revenue and a 32% increase in adjusted EPS. The company's backlog grew by 35% to $218 million, and the Renewable Energy & Conservation segment delivered growth and margin expansion.