Gibraltar Announces Fourth-Quarter 2019 Financial Results
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Gibraltar Industries (ROCK) Tops Q4 EPS by 4c, Revenues Beat; Offers Q1 EPS Mid-Point Guidance Above Consensus, FY20 EPS/Revenue Views Above Consensus
February 28, 2020 7:35 AM ESTGibraltar Industries (NASDAQ: ROCK) reported Q4 EPS of $0.62, $0.04 better than the analyst estimate of $0.58. Revenue for the quarter came in at $258.1 million versus the consensus estimate of $256.1 million.
We continued our momentum in operating performance from the third quarter, delivering solid results in the fourth quarter, said President and Chief Executive Officer Bill Bosway. Revenue increased 7%, adjusted EPS increased 32%, and we generated $57 million of cash from operations. Our backlog continued to grow, up 35% to $218 million at the end of the fourth quarter as we further expanded participation in core end markets.
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