Gibraltar Industries reported a solid fourth quarter performance with a 17% increase in revenue and a 4% increase in adjusted EPS. The company enters 2021 with a strong backlog of approximately $300 million, up 50%.
Q4 revenues improved 17%.
Q4 GAAP EPS was up 15%.
Q4 Adjusted EPS was up 4%.
Backlog was 50% higher due to continued renewable energy and conservation demand.
Gibraltar is providing guidance for revenue and earnings for the full year 2021. Consolidated revenue is expected to range between $1.3 billion and $1.35 billion. GAAP EPS is expected to range between $2.78 and $2.95, compared to $2.53 in 2020, and adjusted EPS is expected to range between $3.30 and $3.47, compared to $2.73 in 2020.
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