Gibraltar Announces First Quarter 2021 Financial Results
Gibraltar Industries, Inc. (Nasdaq: ROCK), a leading manufacturer and provider of products and services for the renewable energy, residential, agtech, and infrastructure markets, today reported its financial results for the three-month period ended March 31, 2021. Reported results include TerraSmart, acquired at the end of December 2020.
“Our first quarter results reflect solid execution and participation gains across our markets while continuing to operate through the pandemic as well as challenging weather across the country and supply chain and labor availability dynamics,” President and Chief Executive Officer Bill Bosway stated. “Revenue increased
Segment Reporting Change
Beginning with the first quarter of 2021, Gibraltar will report business results across four segments: Renewables, Residential, Agtech, and Infrastructure, with Renewables and Agtech separated out of the former Renewable Energy and Conservation Segment. Commenting on this change, Mr. Bosway stated, “As we continue our transformation, it is important we offer greater transparency to our investors and stakeholders about our strategy and performance of our core businesses and the markets we participate in. The Renewables and Agtech businesses are creating significant opportunities for us, and unique and focused investments are required to accelerate growth in each business going forward.”
First Quarter 2021 Consolidated Results from Continuing Operations
Net sales from continuing operations increased
GAAP earnings increased
Below are first quarter 2021 consolidated results from continuing operations:
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Three Months Ended March 31, |
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$Millions, except EPS |
GAAP |
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Adjusted |
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2021 |
2020 |
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2021 |
2020 |
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Net Sales |
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Gibraltar Industries, Inc.
NASDAQ:ROCKROCK RankingsROCK Latest NewsROCK Stock Data
2.18B
30.17M
0.6%
102.6%
1.35%
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About ROCKgibraltar industries is a leading manufacturer and distributor of products for building markets. gibraltar serves a large number of customers in a variety of industries in all 50 states and throughout the world from facilities in the united states, canada, england, germany, and poland. gibraltar's common stock is a component of the s&p smallcap 600 and the russell 2000® index.
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