Gibraltar Industries' Q3 Earnings, Net Sales Decline; Guidance Provided; Shares Lose 1.5% Pre-Bell

MT Newswires Live10-30

Gibraltar Industries (ROCK) reported Q3 adjusted earnings Wednesday of $1.27 per diluted share, compared with $1.37 a year earlier.

Three analysts surveyed by Capital IQ expected $1.25.

Net sales for the quarter ended Sept. 30 was $361.2 million, compared with $390.7 million a year earlier.

Three analysts surveyed by Capital IQ expected $360.4 million.

The company said it expects full-year 2024 adjusted earnings to be in a range of $4.11 to $4.25 per share on net sales of $1.31 billion to $1.33 billion. Three analysts surveyed by Capital IQ expect adjusted earnings of $4.15 per share on net sales of $1.32 billion.

Shares of Gibraltar Industries were down 1.5% in recent Wednesday premarket activity.

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