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Dec 31, 2021
Gibraltar Q4 2021 Earnings Report
Reported financial results for the fourth quarter, showing revenue growth and margin challenges in specific segments.
Key Takeaways
Gibraltar Industries reported a 26.1% increase in Q4 revenue to $334.4 million, driven by organic growth and acquisitions. GAAP earnings decreased by 44.3% to $9.8 million, while adjusted earnings decreased by 7.7% to $18.0 million, impacted by margin compression in the Renewables segment. The company anticipates revenue between $1.38 billion and $1.43 billion, GAAP EPS between $2.80 and $3.00, and adjusted EPS between $3.20 and $3.40 for the full year 2022.
Q4 revenue increased by 26.1% to $334.4 million, with organic growth contributing 8.6% and acquisitions 17.5%.
GAAP earnings decreased by 44.3% to $9.8 million, or $0.30 per share.
Adjusted earnings decreased by 7.7% to $18.0 million, or $0.54 per share.
Renewables segment was impacted by supply disruptions and steel inflation, affecting margins.
Revenue by Segment
Forward Guidance
Gibraltar expects a dynamic market in the first half of 2022 with persistent inflation, labor, transportation, and pandemic challenges, but anticipates full-year growth and margin expansion.
Positive Outlook
- Demand is solid across the business.
- Long-term fundamentals supporting end markets remain intact.
- Successes achieved and investments made over the last 12 months.
- Organization, systems, and processes improvements.
- Confident in enhancing 2022 performance.
Challenges Ahead
- Market environment expected to be dynamic for at least the first half of the year.
- Inflation challenges persist.
- Labor challenges persist.
- Transportation challenges persist.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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