Gibraltar Industries Q4 Results Miss Estimates; Sees FY23 Adj. EPS In Line

RTTNews | 730 days ago
Stocktwits
Gibraltar Industries Q4 Results Miss Estimates; Sees FY23 Adj. EPS In Line

(RTTNews) - Gibraltar Industries, Inc. (ROCK) reported Wednesday that net income for the fourth quarter declined to $3.3 million or $0.11 per share from $9.8 million or $0.30 per share in the prior-year quarter.

Excluding items, adjusted earnings from continuing operations were $0.72 per share, compared to $0.56 per share in the year-ago quarter.

Net sales for the quarter decreased 6.1 percent to $313.9 million from $334.4 million in the same quarter last year. Adjusted revenue was down 9.8 percent organically.

On average, three analysts polled by Thomson Reuters expected the company to report earnings of $0.73 per share on revenues of $334.73 million for the quarter. Analysts' estimates typically exclude special items.

For fiscal 2023, the company now projects earnings in a range of $3.04 to $3.24 per share and adjusted earnings in the range of $3.46 to $3.66 per share, on projected revenues between $1.36 billion and $1.41 billion.

The Street is currently looking for earnings of $3.65 per share on revenues of $1.44 billion for the year.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

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Canadian Markets Remains In Negative Territory; Energy, Materials Shares Decline

Canadian Markets Remains In Negative Territory; Energy, Materials Shares Decline

After opening slightly up, the Canadian market tumbled into negative territory Friday morning as tariff threats and weak commodity prices, as well a few disappointing earnings updates prompted investors to press sales at several counters. Preliminary data showing a likely drop in retail sales in January is weighing as well.
RTTNews | 5h 30min ago
U.S. Consumer Sentiment Plunges To Lowest Level Since November 2023

U.S. Consumer Sentiment Plunges To Lowest Level Since November 2023

A report released by the University of Michigan on Friday showed consumer sentiment in the U.S. deteriorated by much more than previously estimated in the month of February. The University of Michigan said its consumer sentiment index for February was downwardly revised to 64.7 from a preliminary reading of 67.8. Economists had expected the index to be unrevised.
RTTNews | 7h 46min ago
U.S. Existing Home Sales Pull Back Sharply In January

U.S. Existing Home Sales Pull Back Sharply In January

Existing home sales pulled back sharply in the month of January, according to a report released by the National Association of Realtors on Friday. NAR said existing home sales plunged by 4.9 percent to an annual rate of 4.08 million in January after surging by 2.9 percent to an upwardly revised rate of 4.29 million in December.
RTTNews | 8h 1min ago
Meta Hikes Executive Bonuses To 200% Of Salaries, Excluding CEO

Meta Hikes Executive Bonuses To 200% Of Salaries, Excluding CEO

Meta Platforms, Inc. announced the approval of a hefty increase in bonuses of its select executive officers under the new executive bonus plan, excluding Chief Executive Officer Mark Zuckerberg. The news comes close on the heels of the tech major's recent announcement of significant growth in its fourth-quarter results and positive outlook, as well as the layoff of 5% of its overall workforce.
RTTNews | 9h 7min ago
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