Last $15.91 USD
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gibraltar industries inc (ROCK) Snapshot

Open
$15.74
Previous Close
$15.74
Day High
$15.99
Day Low
$15.60
52 Week High
02/20/14 - $19.23
52 Week Low
09/3/13 - $12.62
Market Cap
491.2M
Average Volume 10 Days
49.2K
EPS TTM
$0.64
Shares Outstanding
30.9M
EX-Date
02/25/09
P/E TM
24.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for GIBRALTAR INDUSTRIES INC (ROCK)

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gibraltar industries inc (ROCK) Details

Gibraltar Industries, Inc. manufactures and distributes building products. The company operates in two business segments, Residential Products, and Industrial and Infrastructure Products. The Residential Products segment offers roof and foundation ventilation products, including solar powered units; mail storage solutions, such as single mailboxes, cluster boxes for multi-unit housing, and package delivery systems; roof edging and flashing; soffits and trim; drywall corner bead; metal roofing and accessories; steel framing; rain dispersion products consisting of gutters and accessories; and sun-protection products. This segment also provides roof top safety kits, chimney caps, heat trace coils and exteriors, remote-controlled deck awnings for sun protection, and solar-powered ventilation products. It serves commercial construction and industrial, bridge and highway construction, and various other industrial markets. The Industrial and Infrastructure products segment offers fabricated bar grating and safety plank grating used in walkways, stairs, platforms, safety barriers, drainage covers, and ventilation grates; expanded and perforated metal used in walkways, catwalks, automotive systems, shelving, fencing, barriers, and other applications where both visibility and security are necessary; metal lath products; fiberglass grating; and expansion joint systems, bearing assemblies, and pavement sealing systems used in bridges, elevated highway, airport runways, and rail construction. This segment serves home improvement retailers, building product distributors, and residential contractors. The company offers its products primarily in North America and Europe, as well as in Asia, Africa, Australia, and Central and South America. Gibraltar Industries markets its products through sales personnel and outside sales representatives. The company was founded in 1993 and is headquartered in Buffalo, New York.

2,274 Employees
Last Reported Date: 02/20/14
Founded in 1993

gibraltar industries inc (ROCK) Top Compensated Officers

Chairman, Chief Executive Officer and Chief E...
Total Annual Compensation: $680.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $357.3K
Vice President of Treasury, Tax & Risk, Secre...
Total Annual Compensation: $166.9K
Senior Vice President of Human Resources & Or...
Total Annual Compensation: $204.4K
Compensation as of Fiscal Year 2013.

gibraltar industries inc (ROCK) Key Developments

Gibraltar Industries, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter, Second Half and Full Year 2014

Gibraltar Industries, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. Gibraltar's net sales for the second quarter of 2014 increased 5% to $235.0 million, compared with $224.5 million for the second quarter of 2013. Second-quarter 2014 adjusted net income was $6.1 million, or $0.19 per diluted share, compared with adjusted net income of $8.2 million, or $0.26 per diluted share, in the second quarter of 2013. Including these items in the respective periods, the Company's second-quarter 2014 GAAP results were net income of $6.4 million, or $0.21 per diluted share, compared with net income of $7.7 million, or $0.25 per diluted share, in the second quarter of 2013. Income from operations was $14,730,000 against $16,283,000 a year ago. Income before taxes was $10,520,000 against $12,602,000 a year ago. Income from continuing operations was $6,431,000 against $7,732,000 a year ago. Purchases of property, plant, and equipment was $11,498,000 against $4,741,000 a year ago. On adjusted basis, consolidated income from operations was $14,163,000 and income before taxes was $9,953,000 against income from operations of $17,042,000 and income before taxes of $13,361,000 a year ago. For the six months ended June 30, 2014, total net sales increased 1% to $426.0 million, from $421.3 million in the comparable 2013 period. Adjusted net income from continuing operations was $4.4 million, or $0.14 per diluted share, compared with $9.4 million, or $0.30 per diluted share, in the comparable period of 2013. Including these items, GAAP net income for the first six months of 2014 was $4.3 million, or $0.14 per diluted share, compared with net income of $4.1 million, or $0.13 per diluted share, in the comparable period of 2013. Income from operations was $15,063,000 against $21,479,000 a year ago. Income before taxes was $7,183,000 against $6,704,000 a year ago. Income from continuing operations was $4,345,000 against $4,089,000 a year ago. Net cash used in operating activities was $3,785,000 against net cash provided by operating activities of $5,262,000 a year ago. On adjusted basis, consolidated income from operations was $15,133,000 and income before taxes was $7,253,000 against income from operations of $22,714,000 and income before taxes of $15,105,000 a year ago. The company now expects that it will deliver comparable revenues for the second half of 2014 to those reported in the first half of the year, and 6% higher than the prior year period. Adjusted EPS approximating of $0.37 to $0.40. For full-year 2014, it projects total revenues in the range of $853 to $860 million, compared with $828 million in 2013. The company anticipates adjusted earnings per share in the range of $0.50 to $0.55 for full year 2014, compared with $0.69 in 2013. It expects GAAP earnings per share of $0.45 to $0.50 for full-year 2014, compared with a loss of $0.18 in 2013. The company expects to see modest margin expansion on full year consolidated sales growth. The company anticipates adjusted earnings per share in the range of $0.23 to $0.27 for the third quarter of 2014, compared with $0.31 for the same period last year.

Gibraltar Seeks Acquisitions

Gibraltar Industries, Inc. (NasdaqGS:ROCK) seeks acquisitions. "I think it's fair to say, as we go forward, we'll be viewing acquisitions from this perspective of strategic accelerators to penetrate more profitable spaces, ensuring that we are buying businesses within those spaces that cannot only enhance our short-term returns by improving our mix, but also open doors for Gibraltar into higher-growth, more profitable markets. Again, I'm thrilled to have this opportunity, and I'm hoping to get to know you as we go forward," said Frank Heard, Gibraltar Industries, Inc. - President and Chief Operating Officer. "In addition, the strength of our balance sheet positions us well to continue to seek out acquisitions, which will help improve our profitability and returns on capital. We are continuing to find a strong deal flow that we are applying our strategic focus to, as we select which opportunities to pursue. We look forward to reporting further progress on our conference call next quarter. At this point, we'll open the call to any questions that any of you may have," said Brian Lipke, Gibraltar Industries, Inc. - Chairman and Chief Executive Officer.

Gibraltar Industries, Inc. Revises Preliminary Consolidated Earnings Guidance for the Second Quarter of 2014; Provides Earnings Guidance for the Second Half of 2014

Gibraltar Industries, Inc. revised preliminary consolidated earnings guidance for the second quarter of 2014. The company expects to report revenues for the second quarter of 2014 in the range of $230 million to $233 million. Adjusted net income is expected to be in the range of $4.0 million to $5.0 million, with adjusted net income per diluted share in the range of $0.14 to $0.16. This compares with the company's previous guidance of adjusted EPS in the range of $0.29 to $0.32. Demand for residential products remained unexpectedly weak throughout the second quarter and well below demand anticipated by many industry observers. This has contributed to less-than-anticipated revenue growth in the Residential Products segment. The company now project revenue growth for this segment's second quarter to approximate 6%, compared with previous guidance of 20% growth. As a result, it expects consolidated revenues for the second quarter 2014 to increase approximately 3% over the prior-year period, compared with previous guidance of 10%. The company expects to achieve similar adjusted earnings for the second half of 2014 compared with the prior-year period.

 

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