Gibraltar Industries, Inc. (NASDAQ:ROCK) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Gibraltar Industries, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $0.05 in the quarter versus EPS of $-0.17 in the year-earlier quarter.
Revenue: Decreased 0.86% to $172.64 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Gibraltar Industries, Inc. reported adjusted EPS income of $0.05 per share. By that measure, the company beat the mean analyst estimate of $0.03. It beat the average revenue estimate of $172.53 million.
Quoting Management: “We concluded 2012 with strong year-over-year profit improvement in the fourth quarter, achieved without the benefit of meaningful change in order volumes,” said Chairman and Chief Executive Officer Brian Lipke. “Earnings were up substantially, driven by initiatives we have undertaken during the past two years to strengthen the performance of our business. As a result of this performance improvement, 2012 was a better year for Gibraltar than 2011, and was our second consecutive year of accelerating earnings growth, despite historically low levels of activity in our traditional core markets.”
Key Stats (on next page)…