Gibraltar Industries (NASDAQ: ROCK) reported Q4 EPS of $0.53, $0.10 worse than the analyst estimate of $0.63. Revenue for the quarter came in at $265.2 million versus the consensus estimate of $282.25 million.

• Gibraltar Delivers Record Revenue and EPS performance in 2020
• 2020 Revenues Grow 15%, GAAP, Adjusted EPS Expands 38% and 18%, Respectively
• Q4 Revenues Improves 17%, GAAP, Adjusted EPS Up 15% and 4%, Respectively
• Backlog 50% Higher on Continued Renewable Energy and Conservation Demand

“Overall, we delivered record performance in 2020 while remaining very focused on the health and well-being of our people, operations, customers, and communities. We also worked on the business, executed key initiatives, and generated strong cash flow, enabling material investments to support our long term strategy,” said President and Chief Executive Officer Bill Bosway. “Our fourth quarter performance was solid with revenue increasing 17% and adjusted EPS increasing 4%, and we enter 2021 with a strong backlog of approximately $300 million, up 50%, and a strong balance sheet and cash flow profile to continue driving our key initiatives.”

GUIDANCE:

Gibraltar Industries sees FY2021 EPS of $3.30-$3.47, versus the consensus of $3.88. Gibraltar Industries sees FY2021 revenue of $1.3-1.35 billion, versus the consensus of $1.42 billion.

“We enter 2021 with momentum across our businesses and confidence in our end markets, and we will continue executing our operating playbook, maintaining a safe environment for our people and supporting our customers,” Mr. Bosway concluded. “Although we are dealing with challenging short term market dynamics, I am confident we will deliver full year growth and margin expansion in 2021.”

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