Gibraltar Industries : 2024 Summary of Portfolio Mgt Package Concierge Adjustments
ROCK
Gibraltar Industries, Inc. ("the Company")
2024 Consolidated & Residential Segment Results Recast for Sale of Residential electronic locker business
2024 Consolidated
Q1
Q2
Q3
Q4
Total
(unaudited, in thousands, except per share figures)
Adjusted Net Sales
As Previously Reported
$
292,506
$
353,005
$
361,196
$
302,057
$
1,308,764
Less: Electronic locker Sales
(2,745)
(2,808)
(2,558)
(2,268)
(10,379)
Recast as Adjusted Net Sales
$
289,761
$
350,197
$
358,638
$
299,789
$
1,298,385
Adjusted Operating Income
As Previously Reported
$
32,322
$
47,287
$
50,116
$
38,294
$
168,019
Less: Electronic locker Operating Loss (Income)
72
(370)
96
(538)
(740)
Recast Adjusted Operating Income
$
32,394
$
46,917
$
50,212
$
37,756
$
167,279
Adjusted Operating Margin
As Previously Reported
11.1%
13.4%
13.9%
12.7%
12.8%
Impact of Electronic locker Operating Loss Exclusion
0.1%
0.0%
0.1%
-0.1%
0.1%
Recast Adjusted Operating Margin
11.2%
13.4%
14.0%
12.6%
12.9%
Adjusted EBITDA
As Previously Reported
$
41,492
$
57,736
$
58,933
$
46,748
$
204,909
Impact of Adjusted Operating Income adjustments (above)
72
(370)
96
(538)
(740)
Impact of Stock Expense Adjustments (a)
(15)
(14)
(15)
(10)
(54)
Impact of Depreciation & Amortization recast (a)
(93)
(35)
(73)
(38)
(239)
Recast Adjusted EBITDA
$
41,456
$
57,317
$
58,941
$
46,162
$
203,876
Adjusted EBITDA Margin
As Previously Reported
14.2%
16.4%
16.3%
15.5%
15.7%
Impact of recast EBITDA adjustments
0.1%
0.0%
0.1%
-0.1%
0.0%
Recast Adjusted EBITDA Margin
14.3%
16.4%
16.4%
15.4%
15.7%
Adjusted Net Income
As Previously Reported
$
24,528
$
36,372
$
38,935
$
30,966
$
130,801
Less: Adjusted Electronic locker Net (Income) Loss
72
(370)
96
(483)
(685)
Recast Adjusted Net Income
$
24,600
$
36,002
$
39,031
$
30,483
$
130,116
Adjusted EPS
As Previously Reported
$
0.80
$
1.18
$
1.27
$
1.01
$
4.25
Impact of Electronic locker Exclusion
-
(0.01)
-
(0.02)
(0.02)
Recast Adjusted EPS
$
0.80
$
1.17
$
1.27
$
0.99
$
4.23
2024 Residential Segment
Q1
Q2
Q3
Q4
Total
(unaudited, in thousands, except per share figures)
$
185,111
$
214,316
$
212,363
$
170,729
$
782,519
(2,745)
(2,808)
(2,558)
(2,268)
(10,379)
$
182,366
$
211,508
$
209,805
$
168,461
$
772,140
$
34,274
$
43,458
$
42,356
$
29,497
$
149,585
72
(370)
96
(538)
(740)
$
34,346
$
43,088
$
42,452
$
28,959
$
148,845
18.5%
20.3%
19.9%
17.3%
19.1%
0.3%
0.1%
0.3%
-0.1%
0.2%
18.8%
20.4%
20.2%
17.2%
19.3%
$
37,278
$
46,429
$
45,365
$
32,729
$
161,801
72
(370)
96
(538)
(740)
(15)
(14)
(15)
(10)
(54)
(93)
(35)
(73)
(38)
(239)
$
37,242
$
46,010
$
45,373
$
32,143
$
160,768
20.1%
21.7%
21.4%
19.2%
20.7%
0.3%
0.1%
0.2%
-0.1%
0.1%
20.4%
21.8%
21.6%
19.1%
20.8%
Notes:
Disclaimer
Gibraltar Industries Inc. published this content on March 11, 2025, and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on March 11, 2025 at 20:27:44.159.