Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $16.39 USD
Change Today -0.12 / -0.73%
Volume 210.3K
As of 8:10 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

gibraltar industries inc (ROCK) Key Developments

Gibraltar Industries, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter and Full Year ending December 31, 2015

Gibraltar Industries, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net sales of $253,171,000 against $234,960,000 a year ago. Income from operations was $11,201,000 against $14,730,000 a year ago. Income before taxes was $6,289,000 against $10,520,000 a year ago. Income from continuing operations was $4,087,000 or $0.13 basic and diluted per share against $6,431,000 or $0.21 basic and diluted per share a year ago. Net income was $4,087,000 or $0.13 basic and diluted per share against $6,431,000 or $0.21 basic and diluted per share a year ago. Adjusted income from operations was $17,154,000 against $14,163,000 a year ago. Adjusted income from continuing operations was $7,813,000 or $0.25 diluted per share against $6,072,000 or $0.19 diluted per share a year ago. Adjusted net income was $7.8 million, or $0.25 diluted per share, compared with adjusted net income of $6.1 million, or $0.19 diluted per share a year ago. For the six months, the company reported net sales of $453,786,000 against $425,992,000 a year ago. Income from operations was $20,171,000 against $15,063,000 a year ago. Income before taxes was $15,118,000 against $7,183,000 a year ago. Income from continuing operations was $9,624,000 or $0.31 basic and diluted per share against $4,345,000 or $0.14 basic and diluted per share a year ago. Net income was $9,596,000 or $0.31 basic and diluted per share against $4,345,000 or $0.14 basic and diluted per share a year ago. Net cash provided by operating activities was $11,758,000 against net cash used in operating activities of $3,785,000 a year ago. Purchases of property, plant, and equipment were $4,624,000 against $11,498,000 a year ago. Adjusted income from operations was $20,197,000 against $15,133,000 a year ago. Adjusted income from continuing operations was $9,626,000 or $0.31 diluted per share against $4,384,000 or $0.14 diluted per share a year ago. The company provided earnings guidance for the third quarter and full year of 2015. For the third quarter of 2015, revenues and adjusted EPS are expected to increase compared with the third quarter of 2014, benefiting from the accretive income from the RBI acquisition. The company expects organic net sales for full-year 2015 to be equivalent to 2014, with growth expected in residential-related product lines to be offset by a decline in industrial-related revenues. In addition to the Company’s base businesses, the June 9, 2015 acquisition of RBI is expected to add incremental revenues of $130 million to $140 million through December 31, 2015, including $17 million of revenues in June 2015. The combined revenues of Gibraltar’s base businesses plus RBI are expected to result in 2015 revenues being $980 million to $990 million, an increase of approximately 14% compared to $862 million for 2014. Regarding earnings, the anticipated profit expansion from cost-reduction initiatives as well as the addition of the RBI acquisition is expected to result in adjusted earnings for 2015 in the range of $0.78 to $0.88 per diluted share, compared with $0.47 per diluted share in 2014. This range includes non-GAAP adjusted earnings accretion from RBI in the range of $0.20 to $0.24 per diluted share, excluding non-cash amortization, purchase accounting and transaction expenses.

Gibraltar Industries Appoints Sharon M. Brady and James B. Nish as Directors, Completing Succession Plans

Gibraltar Industries, Inc. announced the appointment of Sharon M. Brady and James B. Nish as independent directors of the Company, effective immediately. The appointments of Brady and Nish will temporarily expand Gibraltar’s Board to nine members, in anticipation of the retirement of long-term directors William J. Colombo and Robert E. Sadler, Jr. during the next nine months.

Gibraltar Industries Mulls Acquisitions

Gibraltar Industries, Inc. (NasdaqGS:ROCK) intends to pursue acquisitions. "We also look forward to benefiting from Jim's financial acumen and deep M&A and capital markets experience as we grow the company organically and through acquisitions," said William P. Montague, Chairman of the Board.

Gibraltar Industries, Inc., RBI Solar, Inc., Rough Brothers Manufacturing Inc - M&A Call

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

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.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
ROCK:US $16.39 USD -0.12

ROCK Competitors

Market data is delayed at least 15 minutes.

Company Last Change
AM Castle & Co $2.77 USD -0.15
CIRCOR International Inc $45.24 USD +0.92
Deceuninck NV €2.35 EUR +0.001
Haynes International Inc $38.22 USD -0.09
NN Inc $24.21 USD +1.24
View Industry Companies
 

Industry Analysis

ROCK

Industry Average

Valuation ROCK Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.6x
Price/Book 1.3x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.3x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact GIBRALTAR INDUSTRIES INC, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.