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Jun 30, 2021
Gibraltar Q2 2021 Earnings Report
Delivered solid performance with revenue growth, adjusted operating income growth, adjusted EPS growth, and order backlog increased.
Key Takeaways
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.
Revenue increased by 37%, including 14% organic growth and 23% from acquisitions.
GAAP and Adjusted EPS increased by 8% and 7% respectively, to $0.80.
Record order backlog exceeded $400 million, led by Renewables.
Reaffirming full year revenue and EPS guidance.
Revenue by Segment
Forward Guidance
The company reaffirmed its full year 2021 guidance for revenue and earnings. Consolidated revenue is expected to range between $1.3 billion and $1.35 billion. GAAP EPS from continuing operations is expected to range between $2.78 and $2.95 compared to $2.53 in 2020, and adjusted EPS from continuing operations is expected to range between $3.30 and $3.47 compared to $2.73 in 2020.
Positive Outlook
- Solid end market demand
- Record order backlog
- Healthy balance sheet
- Strong focus on daily execution
- Acquisition integrations
Challenges Ahead
- Inflation
- Supply chain disruptions
- Tight labor market
- COVID operating protocols
- Dynamic business environment
Historical Earnings Impact
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Avg. Return Before/After Earnings
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