Gibraltar Industries, Inc., RBI Solar, Inc., Rough Brothers Manufacturing Inc - M&A Call
Jun 10 15
To discuss acquisition of the outstanding shares of privately held RBI Solar, Inc., Rough Brothers Manufacturing Inc. by Gibraltar Industries, Inc
Gibraltar Industries, Inc. Announces Resignation of Brian J. Lipke as Executive Chairman of the Board
Jun 1 15
Brian J. Lipke, Executive Chairman of the Board of Gibraltar Industries, Inc., retired and tendered his previously announced resignation from both his employment with the Company and from his membership on the Company's Board of Directors effective May 31, 2015. Mr. Lipke's resignation, which was accepted by the Board, was not the result of any disagreement with the Company.
Gibraltar Industries, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter and Full Year of 2015
May 7 15
Gibraltar Industries, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company's net sales were $200,615,000 compared to $191,032,000 a year ago. Income from operations was $8,970,000 compared to $333,000 a year ago. Income before taxes was $8,829,000 compared to loss before taxes of $3,337,000 a year ago. Income from continuing operations was $5,537,000 compared to loss from continuing operations of $2,086,000 a year ago. Net income was $5,509,000 compared to net loss of $2,086,000 a year ago. Diluted income from continuing operations per share was $0.18 compared to loss from continuing operations per share of $0.07 a year ago. Diluted net earnings per share was $0.18 compared to loss per share of $0.07 a year ago. Net cash used in operating activities was $14,752,000 compared to $14,626,000 a year ago. Purchases of property, plant, and equipment was $2,022,000 compared to $4,056,000 a year ago. Non GAAP income from operations was $3,043,000 compared to $970,000 a year ago. Non GAAP income before income taxes was $2,902,000 compared to loss before income taxes of $2,700,000 a year ago. Non GAAP income from continuing operations was $1,813,000 compared to loss from continuing operations of $1,688,000 a year ago. Non GAAP income from continuing operations per share – diluted was $0.06 compared to loss from continuing operations per share of $0.05 a year ago. The adjusted first-quarter 2015 results exclude special items with an after-tax net benefit totaling $3.7 million, or $0.12 per diluted share, resulting primarily from a gain on the sale of a facility, partially offset by costs related to the Company’s senior leadership transition.
For the second quarter of 2015, revenues and adjusted EPS are expected to increase modestly compared with the second quarter of 2014.
The company expects net sales for full-year 2015 to be equivalent to 2014 – with growth expected in residential-related product lines offset by a decline in industrial-related revenues. Considering the anticipated profit expansion from cost reduction and other initiatives, the Company continues to expect adjusted earnings for 2015 to be in the range of $0.55 to $0.65 per diluted share compared to $0.47 per share in 2014.
Gibraltar Industries, Inc. to Propose Amendment to Certificate of Incorporation
Apr 6 15
Gibraltar Industries, Inc. announced that at the AGM to be held on May 7, 2015 will propose amendment to the company's Certificate of Incorporation.
Gibraltar Industries, Inc. to Report Q1, 2015 Results on May 07, 2015
Mar 17 15
Gibraltar Industries, Inc. announced that they will report Q1, 2015 results at 9:00 AM, US Eastern Standard Time on May 07, 2015