Overview

• Gibraltar Q3 net sales up 12%, adjusted EPS down 1%

• Adjusted net income missed analyst expectations

• Backlog increased 50%, operating cash flow up 39%

Outlook

• Gibraltar expects 2025 net sales between $1.15 bln and $1.175 bln

• Company projects 2025 GAAP EPS of $3.67-$3.77

• Adjusted EPS for 2025 expected to be $4.20-$4.30

Result Drivers

• METAL ROOFING AND STRUCTURES - Net sales growth driven by strength in metal roofing and structures businesses

• CEA PROJECT DELAY - Revenue impacted by delay of large controlled environment agriculture project

• BACKLOG INCREASE - Backlog increased 50% indicating strong future demand

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the construction supplies & fixtures peer group is "buy"

• Wall Street's median 12-month price target for Gibraltar Industries Inc is $83.00, about 19.1% above its October 29 closing price of $67.13

• The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nBwpZSqHa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)