Gibraltar Industries Reports Q4 Earnings of $46.2 Million, Exceeding Expectations
BUFFALO, N.Y. - Gibraltar Industries Inc. (ROCK) announced its financial results for the fourth quarter of 2023, reporting net income of $46.2 million, a 1.46% decrease compared to the same period last year.
Earnings per share amounted to $1.50, with adjusted earnings per share reaching $1.01 after excluding non-recurring gains and expenses.
The building-products company generated revenue of $302.1 million in the quarter, contributing to annual revenue of $1.31 billion. For the full year, Gibraltar Industries reported net income of $137.3 million, or $4.46 per share.
Looking ahead, Gibraltar Industries forecasts full-year earnings in the range of $4.80 to $5.05 per share, with revenue projected between $1.4 billion and $1.45 billion.