Gibraltar Industries, Inc. reported its fourth quarter and full year 2024 financial results on February 19, 2025. For Q4 2024, net sales decreased by 8.1% to $302.1 million, primarily due to headwinds in the Renewables business and a slowdown in the Residential market. However, GAAP diluted EPS more than doubled to $1.50, up 138.1% from $0.63 in Q4 2023, and adjusted diluted EPS increased 17.4% to $1.01.
For the full year 2024, Gibraltar achieved GAAP EPS of $4.46, a 24% increase, and adjusted EPS of $4.25, up 4% on a 5% decrease in net sales to $1.31 billion. The company generated strong operating cash flow of $174 million for the year, demonstrating effective working capital management.
Looking ahead, Gibraltar provided an optimistic outlook for 2025, projecting consolidated net sales between $1.40 billion and $1.45 billion. GAAP EPS is expected to range from $4.25 to $4.50, and adjusted EPS is guided between $4.80 and $5.05, signaling anticipated growth and margin expansion across the business.
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