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Mar 31, 2021
Gibraltar Q1 2021 Earnings Report
Gibraltar's Q1 2021 financial performance was solid, marked by significant revenue growth and adjusted EPS expansion.
Key Takeaways
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.
Revenue increased by 34%, including 10% organic growth and 24% growth from acquisitions.
GAAP EPS increased by 7% to $0.32, while adjusted EPS expanded by 33% to $0.53.
The company experienced strong demand in each segment, with the order backlog reaching a record $355 million.
The Renewable Energy and Conservation segment was separated into two segments: Renewables and Agtech.
Revenue by Segment
Forward Guidance
The company maintains its full-year 2021 guidance, with consolidated revenue expected to range between $1.3 billion and $1.35 billion, GAAP EPS between $2.78 and $2.95, and adjusted EPS between $3.30 and $3.47.
Positive Outlook
- Solid end market demand.
- Strong order backlog.
- Focus on execution and controlling controllable factors.
- Continued work on the business.
- Healthy balance sheet to invest in organic and inorganic initiatives.
Challenges Ahead
- General market challenges remain.
- Ongoing pandemic.
- General inflation.
- Labor availability.
- Supply chain dynamics.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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