Gibraltar Industries Q1 Adj. EPS Tops Estimates; Reaffirms FY24 Outlook
(RTTNews) - Gibraltar Industries, Inc. (ROCK) reported Wednesday that net income for the first quarter grew to $24.95 million or $0.81 per share from $21.10 million or $0.68 per share in the prior-year quarter.
Excluding items, adjusted earnings from continuing operations were $0.80 per share, compared to $0.71 per share in the year-ago quarter.
Net sales for the quarter edged down 0.3 percent to $292.51 million from $293.27 million in the same quarter last year. Adjusted revenue was up 1.3 percent.
On average, three analysts polled by Thomson Reuters expected the company to report earnings of $0.72 per share on revenues of $296.30 million for the quarter. Analysts' estimates typically exclude special items.
Looking ahead to fiscal 2024, the company continues to project earnings in a range of $4.04 to $4.29 per share and adjusted earnings in the range of $4.57 to $4.82 per share, on projected revenues between $1.43 billion and $1.48 billion.
The Street is currently looking for earnings of $4.68 per share on revenues of $1.44 billion for the year.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
Gibraltar Industries Q4 Adj. EPS Meets Estimates; Guides FY24 In Line
Gibraltar Industries Q2 Results Top Estimates; Boosts FY23 Earnings Outlook
Gibraltar Industries Q1 Adj. EPS Tops Estimates; Reiterates FY23 Outlook
Gibraltar Industries Q4 Results Miss Estimates; Sees FY23 Adj. EPS In Line
U.S. Dollar Falls Amid Fed Rate Cut Speculation
Europe Car Sales Rebound In July
U.S. Dollar Falls Against Majors
