Gibraltar Industries, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. The company's net sales were $196,801,000 compared to $192,171,000 for the same period in the last year. Income from operations was $5,196,000 against $7,023,000 for the same period in the last year. Loss before taxes was $5,898,000 against income before taxes of $2,380,000 for the same period in the last year. Loss from continuing operations was $3,643,000 or $0.12 per diluted share against income from continuing operations of $1,449,000 or $0.05 per diluted share for the same period in the last year. Net loss was $3,647,000 or 0.12 per diluted share against net income of $1,362,000 or 0.04 per diluted share for the same period in the last year. Net cash used in operating activities was $12,694,000 against $13,080,000 for the same period in the last year. Purchases of property, plant, and equipment were $1,979,000 against $2,743,000 for the same period in the last year. Adjusted net income was $1.2 million or $0.04 per diluted share, compared with $2.6 million or $0.09 per diluted share, in the first quarter of 2012. The company provided earnings guidance for the full year of 2013. In spite of the current industrial end market weakness which is expected to continue into the third quarter of 2013 and the slower-than-expected start to the year, the company continues to expect 2013 revenues and earnings to be an improvement over 2012 as it benefit from fourth-quarter 2012 acquisition activity, lower interest expense, improved West Coast operational performance and overall end-market demand improvement.

Gibraltar Industries, Inc., Annual General Meeting, May 02, 2013., at 11:00 Eastern Daylight. Location: Gateway Building. Agenda: To elect two Class II Directors to hold office until the 2016 Annual Meeting and until their successors have been elected and qualified; to consider Advisory approval of the Company’s executive compensation; to consider approval of the material terms of the Company’s annual grant of performance share units under the amended and restated Gibraltar Industries, Inc. 2005 equity incentive plan to enable the company to deduct the related compensation for federal income tax purposes without being subject to limitations; to ratify the selection of Ernst & Young LLP as the independent registered public accounting firm of the Company for the fiscal year ending December 31, 2013; and to take action upon and transact such other business as may be properly brought before the meeting or any adjournment or adjournments thereof.

Gibraltar Industries, Inc. announced unaudited consolidated financial results for the fourth quarter and year ended December 31, 2012. For the quarter, the company reported net sales of $172.639 million against $174.141 million a year ago. Income from operations was $1.196 million against loss from operations of $6.815 million a year ago. Loss before taxes was $3.310 million against $11.813 million a year ago. Loss from continuing operations was $3.736 million or $0.12 per diluted share against $6.854 million or $0.22 per diluted share a year ago. Loss before taxes was $0.298 million against income from operations of $0.219 million a year ago. Net loss was $3.924 million or $0.13 per diluted share against $6.605 million or $0.22 per diluted share a year ago. Non GAAP income from operations of $6.889 million against non GAAP loss from operations of $4.275 million a year ago. Non GAAP income before income taxes was $2.383 million against non GAAP loss before income of $9.273 million a year ago. Non GAAP income from continuing operations was $1.455 million or $0.05 per diluted share against non GAAP loss from continuing operations of $5.071 million or $0.17 per diluted share year ago. The adjusted fourth-quarter 2012 results exclude after-tax special charges of $5.2 million, or $0.17 per diluted share, resulting primarily from intangible asset impairment, acquisition related costs and exit activity costs related to business restructuring. The adjusted net loss for the fourth quarter of 2011 excluded after-tax special charges totaling $1.8 million, or $0.05 per diluted share, primarily consisting of acquisition related costs and exit activity costs. Including these items in the respective periods, the fourth quarter 2012 results were a net loss of $3.7 million, or $0.12 per diluted share, compared with a loss of $6.9 million, or $0.22 per diluted share, in the fourth quarter of 2011.     For the year, the company reported net sales of $790.058 million against $766.607 million a year ago. Income from operations was $40.261 million against $36.158 million a year ago. Income before taxes was $22.167 million against $16.885 million a year ago. Income from continuing operations was $12.650 million or $0.41 per diluted share against $9.216 million or $0.30 per diluted share a year ago. Loss before taxes was $0.289 million against income from operations of $13.840 million a year ago. Net income was $12.645 million or $0.41 per diluted share against $16.523 million or $0.54 per diluted share a year ago. Net cash provided by operating activities was $50.081 million against $46.695 million a year ago. Purchases of property, plant, and equipment was $11.351 million against $11.552 million a year ago. Non GAAP income from operations of $49.59 million against $44.993 million a year ago. Non GAAP income before income taxes was $31.499 million against $25.720 million a year ago. Non GAAP income from continuing operations was $20.194 million or $0.65 per diluted share against $15.314 million or $0.50 per diluted share a year ago. Adjusted operating income increased 10% and that was the net result of the cost -higher cost in consolidating West Coast business, being more than offset by profit increases from acquisitions plus other operations improved efficiencies, including realized cost savings. The adjusted results for the twelve months of 2012 exclude after-tax special charges of $7.5 million, or $0.24 per diluted share, for intangible asset impairment, acquisition-related costs and exit activity costs related to business restructuring. Adjusted net income for the twelve months of 2011 excluded after-tax special charges of $6.1 million, or $0.20 per diluted share, for acquisition-related costs, exit activity costs related to business restructuring, and equity compensation declined by Mr. Lipke. Including these items, net income was $12.7 million, or $0.41 per diluted share for 2012, a 37% increase compared with $9.2 million, or $0.30 per diluted share, in 2011. For the quarter, the company reported impairment of intangible assets of $4.628 million. In light of the progress the company made internally and the brighter end-market outlook, the company is optimistic about it’s prospects for growth on both the top and bottom lines in 2013. The company expects first quarter revenues to rise about 4%, which is a net result of a 7% revenue increase from completed acquisitions, while organic sales will likely be lowered by 3%. Adjusted earnings and profits for the first quarter is expected to be similar to first quarter of 2012. For the full year of 2013, the company expects revenue and EPS improvement. Organic revenue growth approximating 5 percentage points, plus the 7% on acquisitions. Adjusted gross margin for the full year 2013 to be above 20% based on the revenue assumptions I've outlined, including low volatility of raw material costs and the operational improvement of West Coast residential business. Adjusted effective income tax rate approximating 37%; CapEx spending ranging between $21 million and $22 million; and free cash flow approximating 4% of revenues. Adjusted earnings per share from continuing operations to be much improved versus 2012.