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Greetings and welcome to the Q1 2021 Gibraltar Earnings Conference Call. [Operator Instructions]
I would now like to turn the conference over to your host, Carolyn Capaccio of LHA. Please go ahead.
Carolyn Capaccio
Senior Vice President, NY
Thanks, operator. Good morning, everyone, and thank you for joining us today. With me on the call this morning is Bill Bosway, Gibraltar Industries President and Chief Executive Officer; and Tim Murphy, Gibraltar s Chief Financial Officer. The earnings press release that was issued this morning, as well as the slide presentation that management will use during the call, are both available in the Investor Info section of the company s website gibraltar1.com.
Gibraltar Industries: Q1 Earnings Snapshot
May 5, 2021
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BUFFALO, N.Y. (AP) Gibraltar Industries Inc. (ROCK) on Wednesday reported first-quarter net income of $12.8 million.
On a per-share basis, the Buffalo, New York-based company said it had net income of 39 cents. Earnings, adjusted for one-time gains and costs, were 53 cents per share.
The building-products company posted revenue of $287.6 million in the period.
Gibraltar Industries expects full-year earnings in the range of $3.30 to $3.47 per share, with revenue in the range of $1.3 billion to $1.35 billion.
Gibraltar Industries shares have risen 27% since the beginning of the year. The stock has risen 99% in the last 12 months.
52-week low: $36.39
Company Profile
Gibraltar Industries Inc has three operating segments that use steel, aluminum, and resin to manufacture building products. The residential products segment makes a wide range of products for new residential construction and home repair. It sells to retail home centers, wholesalers, and contractors. The infrastructure products segment primarily manufactures metal products that it sells directly to contractors and industrial fabricators for use in highway and bridge construction and power generation. Renewable Energy and Conservation primarily designs and provides fully engineered solar racking systems and greenhouse structures. Most of the company s manufacturing facilities and distribution centers are in North America and Europe, where Gibraltar generates most of its revenue.