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
European Shares Likely To Open On Mixed Note Ahead Of US CPI Data
Sensex, Nifty Drift Lower In Early Trade
Asian Markets Track Wall Street Lower
