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Dec 31, 2024
Gibraltar Q4 2024 Earnings Report
Reported fourth quarter results, with adjusted EPS reaching the top end of guidance and net sales slightly below expectations, driven by solid execution in Residential, Agtech, and Infrastructure, and acceleration in the Renewables business.
Key Takeaways
Gibraltar Industries reported Q4 2024 results with net sales of $302.1 million and adjusted EPS of $1.01. GAAP net income more than doubled to $46.2 million, and adjusted net income increased 17.9% to $31.0 million. The company provided 2025 guidance with net sales expected between $1.40B and $1.45B and adjusted EPS between $4.80 and $5.05.
Net sales decreased by 8.1% to $302.1 million, impacted by headwinds in the Renewables business and slowness in the Residential market.
GAAP net income increased to $46.2 million, or $1.50 per share, while adjusted net income rose to $31.0 million, or $1.01 per share.
Residential net sales decreased 4.8%, Renewables net sales decreased 19.6%, Agtech net sales increased 0.7%, and Infrastructure net sales decreased 6.7%.
The acquisition of Lane Supply is expected to be immediately accretive to earnings.
Revenue by Segment
Forward Guidance
For 2025, Gibraltar expects growth, solid margin expansion, and strong cash flow generation across the business. Consolidated net sales are expected to range between $1.40 billion and $1.45 billion. GAAP EPS is expected to range between $4.25 and $4.50, and adjusted EPS is expected to range between $4.80 and $5.05.
Positive Outlook
- Expects participation gains to support growth in existing businesses.
- Renewables business expected to improve execution.
- Solid growth and margin contribution from the addition of Lane Supply in the Agtech segment.
- Consolidated net sales are expected to range between $1.40 billion and $1.45 billion.
- Adjusted EPS is expected to range between $4.80 and $5.05.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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