Gibraltar Industries (NASDAQ: ROCK) reported Q2 EPS of $0.80, $0.07 worse than the analyst estimate of $0.87. Revenue for the quarter came in at $348.4 million versus the consensus estimate of $327.35 million.

GUIDANCE:

Gibraltar Industries sees FY2021 EPS of $3.30-$3.47, versus the consensus of $3.39.

• “We expect today’s business environment, which has been very dynamic since the beginning of January, to remain so throughout the second half of 2021. We will continue to manage inflation, minimize supply chain disruptions, operate in a tight labor market, and continue with our COVID operating protocols. We are currently positioned well with solid end market demand, record order backlog, a very healthy balance sheet, and strong focus on daily execution, acquisition integrations, and further strengthening our organization and operating systems,“ commented Mr. Bosway. “We remain confident in our existing full year 2021 guidance for revenue and earnings. We base this on our performance to date in 2021, which is consistent with historical patterns, and our current outlook and initiatives for improving profitability across each business. Consolidated revenue is expected to range between $1.3 billion and $1.35 billion. GAAP EPS from continuing operations is expected to range between $2.78 and $2.95 compared to $2.53 in 2020, and adjusted EPS from continuing operations is expected to range between $3.30 and $3.47 compared to $2.73 in 2020.”

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