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Jun 30, 2022
Gibraltar Q2 2022 Earnings Report
Solid performance in the quarter, with adjusted revenue up 7% and adjusted EPS up 19%.
Key Takeaways
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.
Adjusted revenue increased 6.8% to $364.2 million.
GAAP earnings increased 11.0% to $29.3 million, or $0.90 per share.
Adjusted earnings increased 18.0% to $31.5 million, or $0.96 per share.
Reaffirming 2022 Revenue and EPS Growth Outlook.
Revenue by Segment
Forward Guidance
Gibraltar is reaffirming guidance for revenue and earnings for the full year 2022, with consolidated revenue expected to range between $1.38 billion and $1.43 billion. GAAP EPS is expected to be between $2.80 and $3.00, and adjusted EPS expected to be between $3.20 and $3.40.
Positive Outlook
- Consolidated revenue expected to range between $1.38 billion and $1.43 billion.
- GAAP EPS is expected to be between $2.80 and $3.00.
- Adjusted EPS expected to be between $3.20 and $3.40.
- First half results support confidence in delivering full-year performance commitments.
- Focused on execution, including supply chain optimization, price / cost alignment, labor management, 80/20, and further simplifying businesses.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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