Gibraltar Industries Inc. (ROCK) revealed a profit for its fourth quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line came in at $46.2 million, or $1.50 per share. This compares with $19.4 million, or $0.63 per share, last year.
Excluding items, Gibraltar Industries Inc. reported adjusted earnings of $31 million or $1.01 per share for the period.
Analysts on average had expected the company to earn $0.91 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 8.1% to $302.1 million from $328.8 million last year.
Gibraltar Industries Inc. earnings at a glance (GAAP) :
-Earnings: $46.2 Mln. vs. $19.4 Mln. last year.-EPS: $1.50 vs. $0.63 last year.-Revenue: $302.1 Mln vs. $328.8 Mln last year.
Looking ahead, for the full-year 2025, Gibraltar expects a rise in annual adjusted earnings and sales. For the full-year, the company expects net income of $4.25 to $4.50 per share, with adjusted income of $4.80 to $5.05 per share, on sales of $1.40 to $1.45 billion.
For the full-year 2024, the company has registered a net income per share of $4.46, with adjusted earnings of $4.25 per share, on sales of $1.31 billion.
ROCK was up by 3.45 percent at $59.99 in the pre-market trade on the Nasdaq.
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