Latest news with #BillBosway
Yahoo
14-05-2025
- Business
- Yahoo
ROCK Q1 Earnings Call: Revenue Misses Expectations, Profitability Exceeds Estimates Amid Industry Uncertainty
Renewable energy and infrastructure solutions provider Gibraltar Industries (NASDAQ:ROCK) fell short of the market's revenue expectations in Q1 CY2025, with sales flat year on year at $290 million. On the other hand, the company's outlook for the full year was close to analysts' estimates with revenue guided to $1.43 billion at the midpoint. Its non-GAAP profit of $0.95 per share was 17.8% above analysts' consensus estimates. Is now the time to buy ROCK? Find out in our full research report (it's free). Revenue: $290 million vs analyst estimates of $296.8 million (flat year on year, 2.3% miss) Adjusted EPS: $0.95 vs analyst estimates of $0.81 (17.8% beat) Adjusted EBITDA: $46.17 million vs analyst estimates of $40.3 million (15.9% margin, 14.6% beat) The company reconfirmed its revenue guidance for the full year of $1.43 billion at the midpoint Management reiterated its full-year Adjusted EPS guidance of $4.93 at the midpoint Operating Margin: 11.7%, in line with the same quarter last year Free Cash Flow Margin: 0.8%, down from 16.7% in the same quarter last year Market Capitalization: $1.86 billion Gibraltar's first quarter was shaped by steady execution in core businesses and continued momentum in participation gains in its Residential and Agtech segments. Management pointed to solid project backlogs, new market entries through recent acquisitions, and resilience in end market demand as key drivers. CEO Bill Bosway cited strong margin performance across most segments, which offset a challenging environment in Renewables. 'Our demand remains solid, with new bookings for all project-based businesses increasing during the quarter,' Bosway noted, highlighting record backlog levels and recent investments to expand the company's presence in Agtech and residential metal roofing. Management detailed how steady demand across most segments and proactive portfolio moves helped offset Renewables softness. Key insights include: Residential participation gains: The Residential segment benefited from local market expansion and new product launches in building accessories, with participation gains helping Gibraltar outpace flat end-market demand. Agtech backlog surge: Agtech bookings jumped 226%, driven by both organic wins and the Lane Supply acquisition, giving management better visibility and predictability for the segment's revenue as larger projects move forward. Renewables project delays: The Renewables segment faced lower sales due to industry uncertainty and regulatory changes, notably new tariffs and AD/CVD (anti-dumping/countervailing duties) measures. Management expects the segment to recover in the second half as customers gain clarity on policy impacts. M&A activity: The company completed two acquisitions in metal roofing and the Lane Supply acquisition in Agtech, expanding its footprint in attractive local markets and diversifying sources of growth. Tariff mitigation efforts: Management has prepared for potential cost impacts from tariffs by securing pre-tariff inventory, restructuring supply chains, and leveraging productivity and pricing actions, aiming to limit material cost increases to about 5%. Looking ahead, Gibraltar's outlook is anchored by backlog strength, recent acquisitions, and strategic tariff mitigation, but tempered by uncertainty in Renewables. Backlog-driven execution: Record backlog levels in Agtech, Infrastructure, and Renewables are expected to underpin project execution and revenue in the coming quarters, with Agtech in particular set for late Q2 acceleration. Acquisitions integration: Management sees continued growth from integrating Lane Supply and recent metal roofing businesses, with incremental revenue and margin contributions expected through 2025. Tariff and regulatory risks: While management believes tariff-related cost increases are manageable, ongoing regulatory shifts and project delays in Renewables remain a risk to near-term performance. Daniel Moore (CJS Securities): Asked about real-time demand cadence and participation gains in Residential. Management noted steady demand and momentum in market expansion, supported by investments and acquisitions. Daniel Moore (CJS Securities): Inquired about pro forma metal roofing revenue and total addressable market. CEO Bill Bosway described the market as exceeding $3 billion, with Gibraltar's revenue approaching $200 million after recent deals. Walt Liptak (Seaport Research): Sought details on Renewables guidance reduction and long-term outlook. Management stated a 15-20% revenue adjustment was modeled, with recovery contingent on policy clarity and project timing. Walt Liptak (Seaport Research): Asked about supply chain exposure to China and tariff mitigation. Management explained they have shifted sourcing to reduce China dependence, with localized supply chains and playbooks for mitigating tariff costs. Justin Mechetti (Sidoti & Company): Queried about Agtech project schedules and backlog visibility. Management detailed how larger projects can shift quarter-to-quarter, but the mix with Lane Supply brings more predictability for sequential results. In the quarters ahead, the StockStory team will be watching (1) how quickly Gibraltar converts its record backlog in Agtech and Infrastructure into revenue, (2) the impact of recent metal roofing and Agtech acquisitions on margin and sales growth, and (3) whether Renewables project delays abate as regulatory uncertainty around tariffs and trade cases is resolved. Tariff mitigation effectiveness and further supply chain localization will also be important markers of execution. Gibraltar currently trades at a forward P/E ratio of 13.1×. Should you load up, cash out, or stay put? See for yourself in our free research report. The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
13-05-2025
- Business
- Business Wire
Gibraltar to Attend May Investor Conferences
BUFFALO, N.Y.--(BUSINESS WIRE)--Gibraltar Industries, Inc. (Nasdaq: ROCK), a leading manufacturer and provider of products and services for the residential, agtech, renewable energy and infrastructure markets, today announced that Chairman and Chief Executive Officer Bill Bosway and Chief Financial Officer Joe Lovechio are scheduled to appear at the following May 2025 investor conferences: Meeting with investors at the CJS Securities Inaugural May 1x1 Virtual Conference on Wednesday, May 14 Participating in a Fireside Chat at the Seaport Growth Discovery Conference at 10AM ET on Thursday, May 15 About Gibraltar Gibraltar is a leading manufacturer and provider of products and services for the residential, agtech, renewable energy and infrastructure markets. Gibraltar's mission, to make life better for people and the planet, is fueled by advancing the disciplines of engineering, science, and technology. Gibraltar is innovating to reshape critical markets in comfortable living, sustainable power, and productive growing throughout North America. For more please visit
Yahoo
19-02-2025
- Business
- Yahoo
Gibraltar Soars 19% Despite Revenue Miss. Here's What's Driving the Surge
Gibraltar Industries (NASDAQ:ROCK) just dropped its Q4 earnings, and investors are taking notice. Adjusted EPS came in at $1.01, beating expectations of $0.91, while revenue landed at $302.1 millionjust shy of the $307.92 million forecast. The renewables segment took a 19.6% hit due to regulatory-driven project delays, and residential sales dipped 4.8% amid market softness. But here's the twist: despite the revenue miss, Gibraltar's stock jumped 19% at 11.15am, showing that investors are betting on the company's long-term play. Looking ahead, Gibraltar is setting the stage for a big 2025, forecasting $1.4 billion to $1.45 billion in net salesan 8-12% boost over last year. Adjusted EPS is expected to climb as high as $5.05, up nearly 19%. Key growth drivers? A fresh wave of solar tech, an acquisition spree that includes Lane Supply, and a strong pipeline in AgTech, where demand has picked up despite some project delays. CEO Bill Bosway remains bullish, pointing to accelerating bookings in renewables and solid execution across its segments. Of course, there are headwinds. The residential market is still sluggish, regulatory uncertainty continues to loom over the solar sector, and tariff risks could shake things up. But Gibraltar has the cash, the strategy, and the momentum to ride out the turbulence. With strong order flow and a playbook focused on high-margin segments, the company looks set to turn 2025 into a breakout year. This article first appeared on GuruFocus. Sign in to access your portfolio
