Wed, Apr 30, 12:04 PM (22 days ago)
**Gibraltar Industries, Inc. (ROCK) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $290.02 million (down 0.9% YoY) - Residential: $179.99 million (down 2.8% YoY) - Agtech: $45.04 million (up 32.4% YoY) - Renewables: $43.66 million (down 15.1% YoY) - Infrastructure: $21.32 million (down 2.7% YoY) - **Net Income:** $21.12 million (down 15.3% YoY) - **EPS:** $0.70 (down 14.6% YoY) - **Gross Margin:** 26.8% (down from 28.9% YoY) - **Operating Margin:** 8.8% (down from 10.8% YoY) - **Cash Flow from Operations:** $13.68 million (down from $53.18 million YoY) **Key Metrics & Trends:** - **Acquisitions:** Three businesses acquired in Q1 2025, totaling $207.3 million. - **Share Repurchase:** $62.4 million spent on share repurchases. - **Cash Position:** $25.11 million in cash and cash equivalents (down from $269.48 million YoY). - **Debt:** No outstanding debt; $395.07 million available on revolving credit facility. - **Effective Tax Rate:** 21.9% (up from 21% YoY) - **Backlog:** Increased 30% YoY to $434 million. **Uncertainties & Future Operations:** - **Macroeconomic Conditions:** Potential tariffs and trade restrictions may impact costs and demand. - **Market Softness:** Renewables segment experienced slower bookings and market softness. - **Acquisitions:** Integration of acquired businesses may present challenges and opportunities. - **Share Repurchase:** New $200 million share repurchase program authorized, ending April 30, 2028. **Segment Performance:** - **Residential:** Decreased sales due to portfolio management activities and market softness. - **Agtech:** Increased sales driven by acquisitions and backlog growth. - **Renewables:** Decreased sales due to slower bookings and market challenges. - **Infrastructure:** Decreased sales due to project delays, but strong demand and quoting. **Conclusion:** Gibraltar Industries faced challenges in Q1 2025, with decreased revenue and net income compared to the previous year. However, the company made strategic acquisitions and continued its share repurchase program. The outlook is uncertain due to macroeconomic conditions and market softness, but the company's strong cash position and available credit facility provide a solid foundation for future operations.