Gibraltar Industries (NASDAQ: ROCK) reported Q4 EPS of $0.41, $0.07 better than the analyst estimate of $0.34. Revenue for the quarter came in at $258.1 million versus the consensus estimate of $232.5 million.

Exceeds top and bottom line guidance for quarter and full year

• 4Q revenues of $258 million, GAAP EPS of $0.78 and adjusted EPS of $0.41
• Full-year revenues of $987 million, GAAP EPS of $1.95 and adjusted EPS of $1.71
• 4Q GAAP income tax benefit from U.S. tax reform of $12.5 million, or $0.39 per share

ROIC rises to 12.6% from 11.7% PY

Business Outlook

“We enter 2018 with continued optimism about the year ahead. We plan to drive sustainable organic growth through the acceleration of new product development initiatives, continue to implement operational improvement projects, and to seek value-added acquisitions in attractive end markets. At the end of the year, on an adjusted basis, we expect once again to have generated increased profits at a higher rate of return with a more efficient use of capital,” said Heard.

Gibraltar is providing its guidance for revenues and earnings for the full year 2018. Gibraltar expects 2018 consolidated revenues to exceed $1 billion, considering modest growth across the Company’s end markets and continued traction from innovative products. GAAP EPS for the full year 2018 are expected to be between $1.75 and $1.87, or $1.96 to $2.08 on an adjusted basis, as compared to $1.95 and $1.71, respectively, in 2017.

For the first quarter of 2018, the Company is expecting revenue in the range of $213 million to $220 million as a result of growth across all end markets and continued traction from innovative products. GAAP EPS for the first quarter 2018 are expected to be between $0.20 and $0.25, or $0.23 to $0.28 on an adjusted basis.

GUIDANCE:

Gibraltar Industries sees FY2018 EPS of $1.96-$2.08, versus the consensus of $1.81.

For earnings history and earnings-related data on Gibraltar Industries (ROCK) click here.