NASDAQ$ROCK

Gibraltar Industries Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported a revenue increase of 5.9% and EPS increase of 28.6%.

Gibraltar Industries reported strong Q3 2022 results, with revenue up 5.9% to $391.3 million and GAAP EPS up 28.6% to $1.08. The company is raising the lower end and narrowing the range of its EPS outlook for the full year 2022.

  • Revenue increased 5.9% to $391.3 million, with organic growth contributing approximately half of the increase.
  • GAAP earnings increased 22.9% to $34.3 million, or $1.08 per share.
  • Adjusted operating margin in the Renewables segment improved as expected, increasing 150 basis points year-over-year.
  • Residential segment revenue increased 25.7%, marking the ninth consecutive quarter of double-digit growth.

Headline financials

Total Revenue

$391M

Previous: $369M+5.9%
EPS (adj)

$1.12

Previous: $0.91+23.1%
Capital Expenditures

-$15.7M

Previous: -$13.3M-18.0%
Free Cash Flow

$18.6M

Previous: $14.2M+30.5%
Net Income

$34.3M

Previous: $27.6M+24.5%
Operating Income

$47.4M

Previous: $38M+24.8%
Gross Profit

$94.6M

Previous: $83.3M+13.6%
Cash & Equivalents

$21.9M

Previous: $13.9M+57.3%
Total Assets

$1.33B

Previous: $1.23B+7.6%
Stock-Based Comp

$1.76M

Previous: $1.83M-3.8%

Revenue & EPS history

Gibraltar · Revenue · Quarterly

$391M

Q3 2022+5.9%vs Q3 2021
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

Gibraltar · $188M total across 2 segments · Q2 2020

  • Residential
    $140M+7.0%
  • Infrastructure
    $48.1M-14.4%

Forward guidance

Gibraltar is raising the lower end and narrowing the range of its EPS outlook for the full year 2022, with consolidated revenue still expected to range between $1.38 billion and $1.43 billion.

Tailwinds

  • Consolidated revenue is expected to range between $1.38 billion and $1.43 billion.
  • GAAP EPS is expected to be between $2.90 and $3.00.
  • Adjusted EPS expected to be between $3.30 and $3.40.
  • Company remains confident in delivering full-year EPS outlook.
  • Company remains very focused on simplifying operations, executing for customers and controlling the things we can control.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2022

Historical avgQ3 2022

+1.5%

Avg return

Earnings day

+0.9%

Avg return

5 days after

+1.5%

Avg return

30 days after

53%

36 / 68 earnings

Positive

+24.7%

Q1 2010

Best reaction

-15.4%

Q2 2011

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.0%-0.0%-2.5%
Q4 2025-0.4%-10.9%-17.9%
Q3 2025-0.9%-9.1%-26.1%
Q1 2025+0.2%+6.5%+10.9%
Q4 2024+11.7%+12.9%+5.0%
Q3 2024+3.8%+3.7%+11.4%
Q2 2024-11.7%-18.4%-13.1%
Q1 2024-0.3%+1.8%+5.6%
Q4 2023-14.5%-9.4%-5.7%
Q3 2023+7.2%+8.0%+12.6%
Q2 2023+8.3%+11.8%+15.3%
Q1 2023+5.8%+7.4%+13.7%
Q4 2022-0.8%+0.9%-12.0%
Q3 2022-0.2%-1.0%+4.0%
Q2 2022-3.9%-2.6%-12.7%
Q1 2022+10.6%+6.5%+13.2%
Q4 2021-4.9%-1.4%-5.9%
Q3 2021-9.9%-6.5%+0.9%
Q2 2021-4.6%-3.2%+2.2%
Q1 2021-9.4%-10.6%-16.7%
Q4 2020-10.6%-13.9%-6.1%
Q3 2020-9.5%-3.5%+4.6%
Q2 2020+16.2%+22.1%+16.2%
Q1 2020-8.4%-8.9%+9.8%
Q4 2019+7.4%+11.7%-12.0%
Q3 2019+13.7%+20.2%+15.0%
Q2 2019+5.6%+4.4%+0.7%
Q1 2019-1.4%-5.7%-10.8%
Q4 2018+7.9%+2.7%-0.2%
Q3 2018-7.8%-3.1%+1.5%
Q2 2018+18.3%+17.9%+24.0%
Q1 2018+4.3%+4.1%+11.7%
Q4 2017+11.7%+12.3%+5.0%
Q3 2017+1.7%-1.5%+1.1%
Q2 2017-2.4%-1.6%-8.3%
Q1 2017-15.0%-18.7%-16.2%
Q4 2016-6.8%-5.5%-4.1%
Q3 2016+7.8%+12.8%+38.1%
Q2 2016-1.1%+1.7%+7.2%
Q1 2016+6.4%
Q4 2015+24.4%
Q3 2015+15.8%
Q2 2015+4.7%
Q1 2015+7.3%
Q4 2014-5.6%
Q3 2014+3.2%
Q2 2014+5.2%
Q1 2014-4.2%
Q4 2013+2.9%
Q3 2013+7.9%
Q2 2013-7.5%
Q1 2013-7.5%
Q4 2012+4.4%
Q3 2012-1.3%
Q2 2012+14.7%
Q1 2012+2.6%
Q4 2011-10.3%
Q3 2011+1.4%
Q2 2011-15.4%
Q1 2010+24.7%
Q1 2011+6.7%
Q4 2008+3.4%
Q4 2010+3.4%
Q3 2009+2.9%
Q3 2010+2.9%
Q2 2010-2.9%
Q2 2009-2.9%
Q4 2009-2.9%

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