Gibraltar Industries, Inc. is a leading provider of innovative solutions in the building and construction materials industry, specializing in the manufacturing and distribution of a wide range of products
The company serves various markets, including residential and commercial construction, agriculture, and renewable energy. By focusing on sustainability and efficiency, Gibraltar designs and delivers advanced systems and solutions that enhance structural integrity and environmental performance. With a commitment to high-quality craftsmanship and customer service, the company aims to support the growth and development of its clients’ projects while promoting a sustainable future.
Even if they go mostly unnoticed, industrial businesses are the backbone of our country. But they are at the whim of volatile macroeconomic factors that influence capital spending (like interest rates),
and the industry has underperformed the market over the past six months as its 12.6% return lagged the S&P 500 by 3.4 percentage points.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Builders FirstSource (NYSEBLDR) and the rest of the home construction materials stocks fared in Q3.
Wrapping up Q3 earnings, we look at the numbers and key takeaways for the home construction materials stocks, including Owens Corning (NYSEOC) and its peers.
Let’s dig into the relative performance of Trex (NYSETREX) and its peers as we unravel the now-completed Q3 home construction materials earnings season.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at home construction materials stocks, starting with Gibraltar (NASDAQROCK).
Gibraltar currently trades at $70.66 per share and has shown little upside over the past six months, posting a small loss of 0.9%. The stock also fell short of the S&P 500’s 13.5% gain during that period.
Renewable energy and infrastructure solutions provider Gibraltar Industries (NASDAQROCK) met Wall Street’s revenue expectations in Q3 CY2024, but sales fell 7.6% year on year to $361.2 million. The company’s outlook for the full year was also close to analysts’ estimates with revenue guided to $1.32 billion at the midpoint. Its GAAP profit of $1.11 per share was 4.6% below analysts’ consensus estimates.
Companies Reporting Before The Bell • Gatos Silver (NYSEGATO) is estimated to report quarterly earnings at $0.09 per share on revenue of $83.00 million.
I hope you all had a meaningful MLK holiday. A look at early morning futures action shows that the market is slightly unnerved. There certainly are enough reasons.
Companies Reporting Before The Bell • AudioCodes (NASDAQAUDC) is estimated to report quarterly earnings at $0.18 per share on revenue of $61.52 million.
Gainers WaveDancer, Inc. (NASDAQWAVD) shares climbed 86% to $0.5505. Tellenger, a subsidiary of Wavedancer, Inc., won a seven-year U.S. government contract.
U.S. stocks traded lower, with the Dow Jones falling around 200 points on Wednesday. Here are some big stocks recording gains in today’s session. Powell Industries, Inc. (NASDAQPOWL) shares jumped 36.3% to $83.52 following upbeat quarterly results.
