Welcome to our dedicated page for Gibraltar Inds news (Ticker: ROCK), a resource for investors and traders seeking the latest updates and insights on Gibraltar Inds stock.
Gibraltar Industries reports news on its residential, agtech and infrastructure products and services, including operating results, guidance and investor conference activity. Coverage reflects its focus on building products and structures after reclassifying Renewables as discontinued operations, with updates on acquisitions, integration work, divestitures, commodity-cost trends, project timing, backlog and demand in residential, greenhouse and indoor growing markets.
Gibraltar Industries, Inc. (Nasdaq: ROCK) announced that its Chairman and CEO Bill Bosway and CFO Tim Murphy will present at the Sidoti & Company Small Cap Virtual Conference on March 23, 2022, at 1:00 p.m. ET. The company is a key player in manufacturing products and services for renewable energy, residential, agtech, and infrastructure markets. Investors can access the live webcast of the presentation on Gibraltar’s website. The company is committed to enhancing life quality and sustainability through innovation across North America.
Gibraltar Industries (Nasdaq: ROCK) reported Q4 2021 revenue of $334.4 million, a 26.1% increase year-over-year, but faced a 44.3% decrease in GAAP net income to $9.8 million. Q4 GAAP EPS stood at $0.30, down from $0.53 in 2020. The company anticipates 2022 revenue between $1.38 billion and $1.43 billion, with GAAP EPS expected between $2.80 and $3.00. Despite challenges in the Renewables segment from supply chain disruptions, the Residential and Infrastructure sectors showed positive growth.
Gibraltar Industries (Nasdaq: ROCK) expects 2021 revenue to align with guidance at $1.31 - $1.35 billion, a 25%-30% increase from 2020's $1.03 billion. However, GAAP and Adjusted EPS estimates for Q4 2021 are lower than previous guidance due to challenges in the Renewables segment. Q4 GAAP EPS is estimated at $0.26 - $0.30, down from $0.48 - $0.60, while annual EPS is projected at $2.21 - $2.25, lower than prior guidance of $2.45 - $2.56. Supply chain issues and inflation on structural steel impacted costs, although demand remains strong across other business segments.
Gibraltar Industries, Inc. (NASDAQ: ROCK) will be represented by Chairman and CEO Bill Bosway and CFO Tim Murphy at the CJS Securities 22nd Annual New Ideas for the New Year Conference on January 12, 2022, at 8:00 a.m. ET. They will also engage with investors throughout the day. A live webcast of the presentation will be accessible via Gibraltar's website. As a leading manufacturer in renewable energy and other markets, Gibraltar focuses on sustainable value creation through robust leadership and a strategic three-pillar approach.
Gibraltar Industries, Inc. (NASDAQ: ROCK) has released its inaugural Corporate Social Responsibility (CSR) Report, highlighting its commitment to safety, diversity, and environmental impact. CEO Bill Bosway emphasized the organization's progress in creating a positive work environment and community engagement. The report includes an assessment of CSR priorities, organizational development metrics, and disclosures in accordance with the Task Force on Climate-related Financial Disclosures (TCFD). For more details, the CSR Report can be accessed at Gibraltar's CSR page.
Summary not available.
National Philanthropic Trust has appointed Manish Shah and David Wezdenko to its Board of Trustees. Shah, with over 35 years in IT and healthcare, is currently CIO at Community Health Systems and has extensive experience in digital transformation. Wezdenko, co-founder of Blue Leaf Ventures, offers over 35 years in financial services, holding several executive roles. Their combined expertise will enhance NPT’s mission as it celebrates its 25th anniversary, having raised over $27 billion in charitable funding and made over 434,000 grants exceeding $15.5 billion.
Gibraltar Industries (NASDAQ: ROCK) will host an Investor Day titled Creating Meaningful Value in High-Growth Markets on November 17, 2021, in location value="LU/us.ny.nyc"New York City. The event is scheduled from 8:30 a.m. to 12:30 p.m., where the senior management team will outline the company's vision and strategic initiatives. Investors can access a live webcast of the event at gibraltar2021investorday.convene.com, with a recording available on Gibraltar's website afterward.
Gibraltar Industries, Inc. (NASDAQ: ROCK) has announced the appointment of William Bosway as Chairman of the Board, effective January 1, 2022. He succeeds William Montague, who will transition to Chairman Emeritus upon retirement. The board also appointed Atlee Valentine Pope as Lead Independent Director. The changes reflect confidence in Bosway’s leadership and a strategic focus on higher-growth markets. The board structure will consist of 8 directors post-transition, with 7 being independent, ensuring robust governance.
Gibraltar Industries reported a 25% increase in Q3 revenue to $369.4 million, with organic growth of 4% and acquisitions contributing 21%. GAAP EPS declined to $0.84, while adjusted EPS was $0.91, reflecting inflation and supply chain challenges. The backlog rose 10% to $385 million, driven predominantly by the Renewables sector. Despite operational hurdles, the company anticipates a revenue growth of 27%-31% for the year with adjusted EPS growth of 8%-12%, adjusting its guidance in light of continued inflation and supply disruptions.