Gibraltar Industries (ROCK) Tops Q2 EPS by 42c, Revenues Beat

Gibraltar Industries (NASDAQ: ROCK) reported Q2 EPS of $0.84, $0.42 better than the analyst estimate of $0.42. Revenue for the quarter came in at $285.8 million versus the consensus estimate of $243.85 million.

• Q2 Revenues Grow 9%, GAAP and Adjusted EPS Grow 36% and 15%, Respectively
• Backlog of $277 Million up 14% on Renewable Energy and Conservation Demand
• Strong Balance Sheet and Liquidity Supports Execution and Ongoing Investment in the Business
• Continue to Execute Pandemic Playbook

“Our organization responded well to a better than expected demand profile in our Residential Products and Renewable Energy & Conservation end markets during the quarter. Despite the continuous challenge of the pandemic, our decision to keep our team intact enabled us to deliver revenue growth and adjusted EPS growth of 8.8% and 15.1%, respectively,” said President and Chief Executive Officer Bill Bosway. “As important, our GAAP and adjusted operating margins improved 200 and 130 basis points, respectively, supporting our continued investment in our business. We are gaining momentum and starting to see more consistent performance across our businesses, with our backlog continuing to build, up 14% to $277 million.”

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

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