Gibraltar Industries (NASDAQ: ROCK) reported Q2 EPS of $0.70, $0.15 better than the analyst estimate of $0.55. Revenue for the quarter came in at $266 million versus the consensus estimate of $261.93 million.

• Reports Revenues of $266.0 million, GAAP EPS of $0.70 and Adjusted EPS of $0.71
• Revenues up 7% YOY; GAAP EPS up 71% YOY; Adjusted EPS up 65% YOY
• Maintains Guidance for Full-Year 2018

Business Outlook

“We are optimistic about the second half of the year as we expect our innovation projects to continue to gain traction across all of our segments,” said Heard. “At the same time, we are cautious about the domestic and global volatility and competitive pressures related to the impact of tariffs. In addition, we expect higher development costs as we execute on our new product initiatives. Our goals for 2018 continue to be to drive sustainable organic growth through the acceleration of new product development initiatives, implement 80/20 simplification projects, and seek value-added acquisitions in attractive end markets.”

Gibraltar is maintaining its guidance for revenues and earnings for 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 in the range of $1.75 to $1.87, or $1.96 to $2.08 on an adjusted basis, compared with $1.95 and $1.71, respectively, in 2017.

For the third quarter of 2018, the Company is expecting revenue in the range of $285 million to $295 million as a result of continued traction from innovative products. GAAP EPS for the third quarter 2018 are expected to be between $0.54 and $0.61, or $0.65 to $0.72 on an adjusted basis.

GUIDANCE:

Gibraltar Industries sees FY2018 EPS of $1.96-$2.08.

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