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Sep 30, 2020
Gibraltar Q3 2020 Earnings Report
Solid performance delivered with focus on executing business plans.
Key Takeaways
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.
Revenue increased 10.2% and adjusted EPS increased 11.6%.
GAAP and adjusted operating margins improved 280 and 40 basis points respectively.
Completed a $27 million acquisition of Architectural Mailboxes.
Backlog of $304 million, up 26%.
Revenue by Segment
Forward Guidance
Gibraltar expects fourth quarter performance to surpass 2019 results.
Positive Outlook
- Momentum and end market trends continue to be positive.
- Focused on executing operating playbook.
- Maintaining a safe environment for people.
- Meeting customers’ needs every day.
- Continue key organic and inorganic investments to strengthen business platforms.
Challenges Ahead
- Ongoing level of uncertainty related to the pandemic.
- Uncertainty related to the economy.
- Uncertainty related to the upcoming election.
- Closely monitoring the everchanging pandemic landscape.
- Potential impact on the U.S. and global economy
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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