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Gibraltar Industries, Inc. (ROCK) said it recorded solid second-quarter performance with revenue growth of 37%, adjusted operating income growth of 8%, and adjusted EPS growth of 7%. The company reaffirmed its full year revenue and earnings per share guidance.


RTTNews | Aug 3, 2021 08:04AM EDT

08:03 Tuesday, August 3, 2021 (RTTNews.com) - Gibraltar Industries, Inc. (ROCK) said it recorded solid second-quarter performance with revenue growth of 37%, adjusted operating income growth of 8%, and adjusted EPS growth of 7%. The company reaffirmed its full year revenue and earnings per share guidance.

Second quarter adjusted earnings per share was $0.80 compared to $0.75, a year ago. On average, four analysts polled by Thomson Reuters expected the company to report profit per share of $0.87, for the quarter. Analysts' estimates typically exclude special items. GAAP earnings increased 7.8% to $26.4 million, or $0.80 per share, for the quarter.

Adjusted net sales were $348.4 million, up 36.5% from a year ago. Analysts expected revenue of $327.35 million, for the quarter.

Shares of Gibraltar Industries were down 3% in pre-market trade on Tuesday.

Read the original article on RTTNews ( https://www.rttnews.com/3215230/gibraltar-industries-q2-adj-profit-rises-net-sales-up-36-5.aspx)

For comments and feedback: contact editorial@rttnews.com

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