Gibraltar Industries: Fourth Quarter Financial Overview

Gibraltar Industries Reports Fourth Quarter Financial Results

Gibraltar Industries Inc., headquartered in Buffalo, New York, announced a net loss of $2.4 million for the fourth quarter.

The company reported a loss of $0.08 per share. However, after adjusting for discontinued operations and expenses related to mergers and acquisitions, adjusted earnings reached $0.76 per share.

These adjusted earnings surpassed analysts’ expectations, as the consensus from three analysts polled by Zacks Investment Research was $0.74 per share.

During the quarter, the building products manufacturer generated $268.7 million in revenue, exceeding the $265.1 million forecasted by analysts surveyed by Zacks.

For the full year, Gibraltar Industries recorded a net loss of $44.4 million, or $1.48 per share, with total revenue amounting to $1.14 billion.

Looking ahead, the company anticipates full-year earnings to fall between $3.65 and $4.05 per share, with projected revenue ranging from $1.76 billion to $1.83 billion.