Gibraltar Industries Q1 Adj. EPS Tops Estimates; Reiterates FY23 Outlook
(RTTNews) - Gibraltar Industries, Inc. (ROCK) reported Wednesday that net income for the first quarter increased to $21.10 million or $0.68 per share from $15.46 million or $0.47 per share in the prior-year quarter.
Excluding items, adjusted earnings for the quarter were $0.70 per share, compared to $0.60 per share in the year-ago quarter.
Net sales for the quarter decreased 7.7 percent to $293.27 million from $317.87 million in the same quarter last year.
On average, three analysts polled by Thomson Reuters expected the company to report earnings of $0.55 per share on revenues of $298.90 million for the quarter. Analysts' estimates typically exclude special items.
Looking ahead to fiscal 2023, the company reiterates its guidance for earnings in the range of $3.04 to $3.24 per share and adjusted earnings in the range of $3.46 to $3.66 per share, on projected revenues between $1.36 billion and $1.41 billion.
The Street is currently looking for earnings of $3.56 per share on revenues of $1.39 billion for the year.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
Gibraltar Industries Q1 Adj. EPS Tops Estimates; Reaffirms FY24 Outlook
Gibraltar Industries Q4 Adj. EPS Meets Estimates; Guides FY24 In Line
Gibraltar Industries Q2 Results Top Estimates; Boosts FY23 Earnings Outlook
Gibraltar Industries Q4 Results Miss Estimates; Sees FY23 Adj. EPS In Line
Bank Of Korea Stands Pat On Rates, Lifts 2025 Growth Outlook
European Shares Mostly Higher As Nvidia Outlook Lifts Sentiment
Asian Shares Rise As Nvidia Beats Expectations
