Gibraltar Industries (NASDAQ:ROCK) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$353.0m (down 3.3% from 2Q 2023).

• Net income: US$32.2m (up 4.8% from 2Q 2023).

• Profit margin: 9.1% (up from 8.4% in 2Q 2023). The increase in margin was driven by lower expenses.

• EPS: US$1.05 (up from US$1.01 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Gibraltar Industries Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 5.5%. Earnings per share (EPS) also missed analyst estimates by 13%.

Looking ahead, revenue is forecast to grow 7.8% p.a. on average during the next 2 years, compared to a 5.3% growth forecast for the Building industry in the US.

Performance of the American Building industry.

The company's shares are down 5.1% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Gibraltar Industries' balance sheet and an in-depth analysis of the company's financial position.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]