Gibraltar Industries, Inc.
Description
Gibraltar Industries, Inc. manufactures and provides products and services for the renewable energy, residential, agtech, and infrastructure markets in the United States and internationally. It operates through four segments: Renewables, Residential, Agtech, and Infrastructure. The Renewables segment designs, engineers, manufactures, and installs solar racking and electrical balance of systems for commercial and distributed generation scale solar installations. The Residential segment offers roof and foundation ventilation products and accessories; mail and electronic package solutions, including single mailboxes, cluster style mail and parcel boxes for single and multi-family housing, and electronic package locker systems; roof edgings and flashings; soffits and trims; drywall corner beads; metal roofing and accessories; rain dispersion products comprising gutters and accessories; and exterior retractable awnings. This segment also provides electronic parcel lockers, pipe flashings, and remote-controlled deck awnings and valances for sun protection. The Agtech segment offers growing and processing solutions, including the designing, engineering, manufacturing, construction, maintenance, and support of greenhouses; and indoor growing operations for retail, fruits and vegetables, flowers, cannabis, commercial, institutional and conservatories, and car wash structure applications. The Infrastructure segment offers expansion joints, structural bearings, rubber pre-formed seals and other sealants, elastomeric concrete, and bridge cable protection systems. It serves solar developers, home improvement retailers, wholesalers, distributors, and contractors, as well as institutional and commercial growers of fruit, vegetables, flowers, and plants. Gibraltar Industries, Inc. was founded in 1972 and is headquartered in Buffalo, New York.
About
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Oct 28, 2025 | — | — | — | — |
| Jul 29, 2025 | — | — | — | — |
| Apr 29, 2025 | — | — | — | — |
| Feb 19, 2025 | 0.95 | — | — | — |
| Oct 30, 2024 | 1.25 | 1.27 | 0.02 | 1.60% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 2 | — | 3 |
| Average estimate | — | 0.84 | — | 4.74 |
| Low estimate | — | 0.74 | — | 4.60 |
| High estimate | — | 0.94 | — | 4.86 |
| Last year EPS | — | 0.80 | — | 4.15 |
Growth estimates
Analyst Ratings
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| Nov 7, 2022 |
Keybanc
Kenneth Zener
|
Maintains | Overweight | ▲ Raises $54 → $59 |
| Mar 1, 2022 |
Keybanc
Kenneth Zener
|
Maintains | Overweight | ▼ Lowers $85 → $60 |
| Jul 30, 2021 |
Keybanc
|
Upgrade | Overweight | — |
| Jan 14, 2021 |
KeyBanc
|
Downgrade | Sector Weight | — |
| Jan 14, 2021 |
Keybanc
|
Downgrade | Sector Weight | — |
| Sep 10, 2020 |
Sidoti & Co.
|
Maintains | Buy | ▲ Raises $68 → $75 |
| May 7, 2020 |
Keybanc
|
Maintains | Overweight | ▼ Lowers $60 → $55 |
| May 7, 2020 |
KeyBanc
|
Maintains | Overweight | — |
| Oct 28, 2019 |
Keybanc
|
Maintains | Overweight | ▲ Raises $45 → $60 |
| Oct 28, 2019 |
KeyBanc
|
Maintains | Overweight | — |
| Jan 7, 2019 |
Keybanc
|
Upgrade | Overweight | — |
| Jan 7, 2019 |
KeyBanc
|
Upgrade | Overweight | — |
| Mar 1, 2018 |
Keybanc
|
Downgrade | Sector Weight | — |
| Mar 1, 2018 |
KeyBanc
|
Downgrade | Sector Weight | — |
| Oct 15, 2015 |
Wedbush
|
Initiates | Outperform | — |
| Sep 28, 2015 |
Seaport Global
|
Initiates | Buy | — |
| Jun 17, 2015 |
KeyBanc
|
Maintains | Overweight | — |
| Jun 17, 2015 |
Keybanc
|
Maintains | Overweight | ▲ Raises $19 → $23 |
| Mar 30, 2015 |
KeyBanc
|
Upgrade | Overweight | — |
| Mar 30, 2015 |
Keybanc
|
Upgrade | Overweight | — |
| Nov 29, 2012 |
Keybanc
|
Downgrade | — | |
| Aug 2, 2012 |
Sidoti & Co.
|
Upgrade | Buy | — |
| Mar 8, 2012 |
KeyBanc
|
Upgrade | Buy | — |
| Mar 8, 2012 |
Keybanc
|
Upgrade | Buy | — |
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 1.38B | 1.39B | 1.34B | 1.03B | 898.23M |
| Cost of revenue | 1.02B | 1.07B | 1.05B | 776.24M | 678.34M |
| Gross profit | 361.97M | 318.69M | 290.01M | 256.34M | 219.90M |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 207.44M | 188.59M | 184.72M | 149.15M | 139.09M |
| Other operating expenses | — | — | — | — | — |
| Operating income | 154.53M | 130.10M | 105.29M | 107.19M | 80.81M |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | 3.00M | 4.05M | 1.64M | 703,000 | 2.32M |
| Other income expense | -2.53M | -14.57M | -4.09M | 1.27M | -408,000 |
| Pretax income | 148.99M | 111.49M | 99.56M | 107.76M | 78.08M |
| Tax provision | 38.46M | 29.08M | 25.05M | 24.47M | 18.15M |
| Net income | 110.53M | 82.41M | 75.63M | 64.57M | 65.09M |
| Basic EPS | 3.61 | 2.57 | 2.30 | 1.98 | 2.01 |
| Diluted EPS | 3.59 | 2.56 | 2.29 | 1.96 | 1.99 |
| Basic average shares | 30.63M | 32.10M | 32.87M | 32.66M | 32.39M |
| Diluted average shares | 30.63M | 32.10M | 32.87M | 32.66M | 32.39M |
| EBITDA | 183.17M | 141.70M | 141.47M | 129.38M | 97.96M |
| Net income from continuing op. | 110.53M | 82.41M | 74.52M | 83.29M | 59.93M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 1.26B | 1.21B | 1.21B | 1.21B | 984.45M |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 99.43M | 17.61M | 12.85M | 32.05M | 191.36M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 178.09M | 179.17M | 185.75M | 174.60M | 119.24M |
| Other receivables | 52.04M | 41.73M | 54.44M | 26.92M | 20.61M |
| Inventory | 120.50M | 170.36M | 176.21M | 98.31M | 61.96M |
| Prepaid assets | — | — | 21.47M | 19.67M | 18.96M |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | 77.44M | 30.93M |
| Hedging assets | — | — | — | — | — |
| Other current assets | 17.77M | 18.81M | 21.47M | — | — |
| Non current assets | |||||
| Properties | 44.92M | 26.50M | 18.12M | 25.23M | 21.20M |
| Land and improvements | 4.54M | 4.70M | 4.63M | 4.61M | 4.58M |
| Machinery furniture equipment | 231.28M | 223.84M | 194.02M | 188.85M | 174.06M |
| Construction in progress | 17.39M | 13.07M | 20.29M | 10.46M | 5.13M |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -189.34M | -175.44M | -164.58M | -155.52M | -145.52M |
| Goodwill | 1.15B | 1.16B | 1.16B | 1.18B | 691.44M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 125.98M | 137.53M | 141.50M | 156.37M | 76.73M |
| Investments and advances | — | — | — | — | — |
| Other non current assets | 2.32M | 701,000 | 483,000 | 1.60M | 63.91M |
| Total liabilities | 341.45M | 388.51M | 389.64M | 468.69M | 310.49M |
| Current liabilities | |||||
| Accounts payable | 92.12M | 106.58M | 172.29M | 134.74M | 72.63M |
| Accrued expenses | 55.55M | 45.82M | 38.83M | 32.51M | 36.40M |
| Short term debt | 10.28M | 8.62M | 7.24M | 8.03M | 6.49M |
| Deferred revenue | 44.74M | 35.02M | 50.39M | 56.03M | 62.99M |
| Tax payable | — | — | — | — | — |
| Pensions | 22.89M | 19.28M | 15.29M | 18.13M | 13.51M |
| Other current liabilities | — | 2.27M | 2.95M | 52.80M | 37.19M |
| Non current liabilities | |||||
| Long term debt | 35.99M | 107.80M | 35.17M | 103.37M | 14.94M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | 57.10M | 47.09M | 40.28M | 39.06M | 35.40M |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 22.78M | 18.30M | 27.20M | 24.03M | 21.27M |
| Shareholders equity | |||||
| Common stock | 342,000 | 340,000 | 338,000 | 336,000 | 332,000 |
| Retained earnings | 738.51M | 627.98M | 545.57M | 469.94M | 405.67M |
| Other shareholders equity | -2.11M | -3.43M | 187,000 | -2.46M | -5.39M |
| Total shareholders equity | 915.00M | 822.10M | 825.26M | 743.81M | 673.96M |
| Additional paid in capital | 332.62M | 322.87M | 314.54M | 304.87M | 295.58M |
| Treasury stock | 154.36M | 125.66M | 35.38M | 28.88M | 22.23M |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||||||||||
| Net Income | 110.53M | 82.41M | 74.52M | 83.29M | 59.93M | 54.11M | 62.97M | 33.72M | 23.48M | -81.79M | -5.63M | 12.65M | 9.22M | -75.36M | -41.07M | 33.41M | 13.22M | 57.27M | 43.47M | 50.78M | 26.95M | 23.85M | 12.53M | 24.37M | 25.01M | 19.80M | 16.40M | 16.00M | 9.70M | 8.80M | 5.20M |
| Depreciation | 27.38M | 26.17M | 31.97M | 20.92M | 17.56M | 17.44M | 21.69M | 24.11M | 30.55M | 25.43M | 27.05M | 26.34M | 26.18M | 23.96M | 26.24M | 33.91M | 33.06M | 26.71M | 19.65M | 16.94M | 22.45M | 20.48M | 23.49M | 21.19M | 17.45M | 13.30M | 8.50M | 6.20M | 4.50M | 3.40M | 3.40M |
| Deferred Taxes | 10.80M | 6.34M | 2.97M | 3.79M | 4.12M | 4.73M | -7.11M | -4.89M | -2.05M | -6.64M | -1.24M | 994,000 | 5.03M | -10.63M | -17.67M | — | 5.28M | -28.95M | -3.36M | 6.77M | 6.50M | 5.80M | 4.55M | 5.25M | 2.38M | 1.70M | 2.20M | 800,000 | 200,000 | 700,000 | 5.10M |
| Stock-Based Compensation | 9.75M | 8.33M | 8.65M | 8.17M | 12.57M | 9.19M | 7.12M | 6.37M | 3.89M | 3.15M | 2.56M | 3.15M | 4.64M | 4.32M | 4.41M | 4.59M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | 15.26M | 17.77M | 2.76M | 2.44M | 5.81M | 3.10M | 118,000 | 9.46M | 13.26M | -395,000 | 4.80M | 5.72M | 5.65M | 11.58M | 7.02M | 7.69M | 43.25M | -13.08M | 14.77M | 4.63M | — | — | — | — | — | 100,000 | — | -100,000 | — | 100,000 | 100,000 |
| Accounts Receivable | -15.38M | 32.75M | -41.89M | 2.28M | -11.26M | 9.67M | -21.81M | 37.83M | -17.22M | -14.32M | -1.02M | 6.27M | -7.61M | -4.19M | 29.93M | 12.27M | 19.20M | 434,000 | 8.45M | -24.82M | -2.88M | -9.23M | 2.29M | 5.66M | -118,000 | -5.40M | -200,000 | -1.20M | 800,000 | -6.50M | 1.10M |
| Accounts Payable | -14.39M | -76.26M | 38.37M | -1.16M | 4.80M | -5.49M | 11.33M | -17.06M | -5.16M | 11.21M | 417,000 | -3.77M | 2.08M | 12.51M | -14.26M | -8.72M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | 46.42M | 16.44M | -86.19M | -252,000 | 4.97M | -12.28M | -7.12M | 18.06M | 23.79M | -13.51M | -5.37M | 3.80M | 71,000 | 1.78M | 37.76M | 14.83M | 34.81M | -51.88M | 40.88M | -85.44M | 8.94M | -33.12M | 26.37M | -5.66M | 5.47M | -8.60M | 600,000 | -16.90M | 17.60M | -14.10M | -6.80M |
| Operating Cash Flow | 190.38M | 113.95M | 31.16M | 119.47M | 98.50M | 80.46M | 67.19M | 107.60M | 70.54M | -76.87M | 21.58M | 55.15M | 45.25M | -36.03M | 32.36M | 97.97M | 148.83M | -9.51M | 123.87M | -31.13M | 61.97M | 7.78M | 69.23M | 50.81M | 50.20M | 20.90M | 27.50M | 4.80M | 32.80M | -7.60M | 8.10M |
| Investing Activities | |||||||||||||||||||||||||||||||
| Capital Expenditures | -13.91M | -20.06M | -17.49M | -12.99M | -8.68M | -10.02M | 1.70M | -9.83M | 14.13M | -17.30M | -2.33M | -10.69M | -10.33M | -8.14M | -9.48M | -18.90M | -15.10M | -21.35M | -16.83M | -23.81M | -22.14M | -13.88M | -13.91M | -11.87M | -19.16M | -121.30M | -20.70M | -14.70M | -14.20M | -16.00M | -8.70M |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | -1.82M | -51.62M | 42.21M | -311.69M | -8.60M | -5.24M | -18.49M | -15.16M | -140.62M | — | -5.54M | -45.07M | -41.72M | 29.16M | -4.95M | 26.48M | -194.75M | 94.06M | -228.44M | -65.53M | -84.24M | -8.85M | -10.83M | -42.88M | -65.38M | — | — | — | — | — | — |
| Purchase of Investments | — | — | — | — | — | — | — | — | — | — | — | — | -250,000 | -1.25M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Sale of Investments | — | — | — | — | — | — | — | — | — | 277,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 2.00M |
| Investing Cash Flow | -15.72M | -71.68M | 24.71M | -324.68M | -17.28M | -15.26M | -16.80M | -23.87M | -125.34M | -16.75M | -7.87M | -55.76M | -52.30M | 19.77M | -14.43M | 7.58M | -209.91M | 69.15M | -245.60M | -89.33M | -114.18M | -22.72M | -24.74M | -54.75M | -84.54M | -121.30M | -47.10M | -38.40M | -35.00M | -16.00M | -6.60M |
| Financing Activities | |||||||||||||||||||||||||||||||
| Long-Term Debt Issuance | 50.00M | 204.50M | 59.50M | 85.00M | — | — | — | — | 73.24M | — | 210.00M | — | 73.85M | 8.56M | 83.02M | 53.44M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Long-Term Debt Payments | -141.00M | -138.00M | -120.64M | — | -212.00M | -400,000 | -400,000 | -400,000 | -73.64M | -407,000 | -205.09M | -473,000 | -74.26M | -58.97M | -182.40M | -185.04M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Financing Charges | — | -2.01M | — | — | -1.24M | — | — | -54,000 | -1.17M | 65,000 | -7.53M | -8,000 | -1.57M | -110,000 | -2.38M | -362,000 | -1.38M | -413,000 | -10.84M | -365,000 | — | — | — | — | — | — | — | — | — | — | — |
| Financing Cash Flow | -120.33M | -25.01M | -66.61M | 79.46M | -217.05M | -6.18M | -2.60M | 1.35M | -721,000 | -322,000 | -2.69M | -1.17M | -2.78M | -51.36M | -103.85M | -137.86M | -7.60M | -5.20M | -15.97M | 5.52M | 70.83M | 51.41M | -1.05M | -1.59M | -239,000 | 100,000 | 1.20M | 35.50M | — | — | 8.80M |
| Other Cash Details | |||||||||||||||||||||||||||||||
| End Cash Position | 99.43M | 17.61M | 12.85M | 32.05M | 191.36M | 297.01M | 222.28M | 170.18M | 68.86M | 110.61M | 97.04M | 48.03M | 54.12M | 60.87M | 23.60M | 11.31M | 35.29M | 13.48M | 28.53M | 10.89M | 29.02M | 3.66M | 8.15M | 1.70M | 4.69M | 1.90M | 2.44M | — | — | — | — |
| Income Tax Paid | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 204.57M | 82.63M | 5.58M | 76.04M | 121.16M | 87.18M | 58.67M | 113.21M | 74.85M | 9.25M | 45.36M | 38.73M | 35.14M | 61.01M | 121.83M | 86.28M | 140.06M | -34.97M | 113.67M | -26.82M | 42.09M | -3.79M | 61.47M | 14.50M | 38.67M | -108.20M | 2.60M | -1.90M | 21.20M | -24.80M | -400,000 |
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