Gibraltar Industries Third Quarter 2024 Earnings: EPS Misses Expectations

Gibraltar Industries (NASDAQ:ROCK) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$361.2m (down 7.6% from 3Q 2023).
• Net income: US$34.0m (down 13% from 3Q 2023).
• Profit margin: 9.4% (in line with 3Q 2023).
• EPS: US$1.12 (down from US$1.29 in 3Q 2023).

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

Gibraltar Industries EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.6%.

Looking ahead, revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Building industry in the US.

Performance of the American Building industry.

The company's shares are up 3.3% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Gibraltar Industries' balance sheet and an in-depth analysis of the company's financial position.

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