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Mar 31, 2020
Gibraltar Q1 2020 Earnings Report
Reported first quarter results with revenue and EPS growth.
Key Takeaways
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.
Net sales increased by 9.7% to $249.4 million.
GAAP diluted EPS increased by 94.7% to $0.37.
Adjusted diluted EPS increased by 67.9% to $0.47.
Backlog increased by 39% to $258 million.
Revenue by Segment
Forward Guidance
Due to the uncertainty caused by the COVID-19 pandemic, Gibraltar Industries has rescinded its previous guidance for the second quarter and full-year 2020. However, the company expects to deliver positive earnings and generate cash from operations throughout 2020 and will revisit providing guidance as the recovery from the pandemic becomes clearer.
Positive Outlook
- Expects to deliver positive earnings throughout 2020.
- Expects to generate cash from operations throughout 2020.
- Will continue to enhance revenue and income streams.
- Laser-focused on executing strategy.
- Leveraging operating system to refine business.
Challenges Ahead
- Difficult to provide guidance for the second quarter and full-year 2020 due to lack of clarity.
- Rescinded previous guidance.
- Demand in the immediate future is expected to lag prior year until consumer confidence and spending improves.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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