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Sep 30, 2022
Gibraltar Q3 2022 Earnings Report
Reported a revenue increase of 5.9% and EPS increase of 28.6%.
Key Takeaways
Gibraltar Industries reported strong Q3 2022 results, with revenue up 5.9% to $391.3 million and GAAP EPS up 28.6% to $1.08. The company is raising the lower end and narrowing the range of its EPS outlook for the full year 2022.
Revenue increased 5.9% to $391.3 million, with organic growth contributing approximately half of the increase.
GAAP earnings increased 22.9% to $34.3 million, or $1.08 per share.
Adjusted operating margin in the Renewables segment improved as expected, increasing 150 basis points year-over-year.
Residential segment revenue increased 25.7%, marking the ninth consecutive quarter of double-digit growth.
Revenue by Segment
Forward Guidance
Gibraltar is raising the lower end and narrowing the range of its EPS outlook for the full year 2022, with consolidated revenue still expected to range between $1.38 billion and $1.43 billion.
Positive Outlook
- Consolidated revenue is expected to range between $1.38 billion and $1.43 billion.
- GAAP EPS is expected to be between $2.90 and $3.00.
- Adjusted EPS expected to be between $3.30 and $3.40.
- Company remains confident in delivering full-year EPS outlook.
- Company remains very focused on simplifying operations, executing for customers and controlling the things we can control.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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