NASDAQ$ROCK

Gibraltar Industries Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Delivered record revenue and EPS performance.

Gibraltar Industries reported a solid fourth quarter performance with a 17% increase in revenue and a 4% increase in adjusted EPS. The company enters 2021 with a strong backlog of approximately $300 million, up 50%.

  • Q4 revenues improved 17%.
  • Q4 GAAP EPS was up 15%.
  • Q4 Adjusted EPS was up 4%.
  • Backlog was 50% higher due to continued renewable energy and conservation demand.

Headline financials

Total Revenue

$265M

Previous: $258M+2.7%
EPS (adj)

$0.59

Previous: $0.62-4.8%
Capital Expenditures

$3.73M

Previous: $3.48M+7.2%
Free Cash Flow

$29.2M

Previous: $54M-45.9%
Net Income

$17.6M

Previous: $14.4M+22.2%
Operating Income

$22.7M

Previous: $19.2M+18.1%
Gross Profit

$42.3M

Previous: $60.9M-30.6%
Cash & Equivalents

$32.1M

Previous: $191M-83.2%
Total Assets

$1.21B

Previous: $984M+23.2%
Stock-Based Comp

$2.02M

Previous: $2.48M-18.6%

Revenue & EPS history

Gibraltar · Revenue · Quarterly

$265M

Q4 2020+2.7%vs Q4 2019
Beat estimate in 12 of 16 quarters(75%)
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 providing guidance for revenue and earnings for the full year 2021. Consolidated revenue is expected to range between $1.3 billion and $1.35 billion. GAAP EPS is expected to range between $2.78 and $2.95, compared to $2.53 in 2020, and adjusted EPS is expected to range between $3.30 and $3.47, compared to $2.73 in 2020.

Tailwinds

  • Consolidated revenue is expected to range between $1.3 billion and $1.35 billion.
  • GAAP EPS is expected to range between $2.78 and $2.95, compared to $2.53 in 2020.
  • Adjusted EPS is expected to range between $3.30 and $3.47, compared to $2.73 in 2020.

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 Q4 2020

Historical avgQ4 2020

+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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