Gibraltar Announces Fourth-Quarter and Full-Year 2018 Financial Results
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Gibraltar Industries (ROCK) Tops Q4 EPS by 7c, Revenues Miss; FY19 EPS Guidance Above Consensus, FY19 Revenue Guidance Below Consensus, Offers Q1 EPS/Revenue Outlook
February 21, 2019 7:34 AM ESTGibraltar Industries (NASDAQ: ROCK) reported Q4 EPS of $0.47, $0.07 better than the analyst estimate of $0.40. Revenue for the quarter came in at $240.9 million versus the consensus estimate of $244.45 million.
Management Comments
We closed the fourth year of our transformation of Gibraltar delivering fourth-quarter revenues in line with our expectations and GAAP and adjusted earnings that exceeded our guidance, said Vice Chairman Frank Heard. By executing on our four-pillar strategy, we recovered increased material costs, benefitted from higher-margin innovative products and drove profitable growth in the Industrial & Infrastructure segment.
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