ROCK Earnings Prediction
The chart below shows how ROCK performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ROCK sees a -1.60% change in stock price 10 days leading up to the earnings, and a +1.99% change 10 days following the report. On the earnings day itself, the stock moves by +0.49%. This data can give you a slight idea of what to expect for the next quarter's release.
ROCK Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
361.20M
-7.56%
2.32%
Gross Margin
27.08%
-3.73%
-4.45%
Operating Margin
13.59%
-8.73%
1.87%
Net Margin
9.42%
-6.27%
3.29%
EPS
1.11
-13.28%
5.71%
No Data Available
ROCK Earnings Analysis
Gibraltar Industries, Inc. Corporation (ROCK.O) Earnings Conference Call
Positive
Agtech Sales Surge: 1. Agtech Growth: Adjusted net sales in the Agtech segment increased by $10.6 million, representing a 34% growth driven by project starts in the produce segment.
Operating Income Enhancement: 2. Operating Income Improvement: Excluding the Renewables business, the rest of the portfolio collectively delivered an operating income improvement of 9.3%, with EBITDA improvement of 7.8% and EPS improvement of 18.2%.
Cash Flow Performance: 3. Strong Cash Flow Generation: The company generated $65 million in operating cash flow and $59 million in free cash flow during the quarter, equating to 16.4% of sales.
Share Repurchase Activity: 4. Share Repurchase Program: During the quarter, Gibraltar repurchased approximately 139,000 shares of common stock for $9 million, with $80 million remaining under the stock repurchase authorization.
Infrastructure Backlog Growth: 5. Infrastructure Backlog Increase: The infrastructure segment backlog increased by 3%, supported by robust demand and quoting activity, indicating strong future sales potential.
Negative
Net Sales Decline: 1. Decline in Net Sales: Consolidated net sales on an adjusted basis decreased by 6%, with the Renewables and Residential businesses contributing to this decline.
Operating Income Decline: 2. Operating Income Decrease: Adjusted operating income fell by 13.6%, indicating significant pressure on profitability across the business segments.
Backlog Decrease in Renewables: 3. Backlog Reduction: The backlog for the quarter decreased by approximately 15%, primarily due to challenges in the solar industry affecting the Renewables business.
Renewables Sales Decline: 4. Renewables Segment Sales Drop: Adjusted net sales for the Renewables segment decreased by $17.5 million, or 17.2%, impacted by ongoing trade and regulatory challenges.
Margin Decline in Renewables: 5. Margin Compression: Adjusted operating and EBITDA margins for the Renewables segment decreased by 1040 and 970 basis points, respectively, due to lower volume and regulatory disruptions.
ROCK FAQs
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ROCK Earning Call Sentiment
Gibraltar Industries, Inc. (ROCK) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
ROCK.O
-2.14%Positive
The earnings call reveals a decline in key financial metrics, notably a 6% drop in net sales and a 13.6% decrease in operating income, driven by challenges in the renewables and residential sectors. Despite an optimistic outlook for agtech and a share repurchase program, uncertainties in market demand and solar industry challenges weigh heavily. The Q&A highlights ongoing issues in renewables and a lack of clear guidance, suggesting continued difficulties. Given the small-cap nature of the company, a negative stock reaction is likely, with a predicted decline of -2% to -8%.
