Gibraltar Q2 net sales jump on OmniMax acquisition
Gibraltar Q2 net sales jump on OmniMax acquisition
Overview
U.S. building products maker's Q2 net sales from continuing ops rose 65% yr/yr, driven by OmniMax
Adjusted EPS for Q2 beat analyst expectations
Company reiterated full-year 2026 guidance and highlighted OmniMax integration progress
Outlook
Gibraltar sees 2026 net sales between $1.76 bln and $1.83 bln
Company expects 2026 adjusted EPS of $3.65 to $4.05
Gibraltar reiterates full-year 2026 guidance despite macroeconomic and geopolitical headwinds
Result Drivers
OMNIMAX ACQUISITION - Co said Q2 net sales growth was driven primarily by the OmniMax acquisition
RESIDENTIAL ORGANIC GROWTH - Co said organic growth and participation gains in Residential segment offset a flat-to-down market
PRICE ACTIONS - Co said price management actions and participation gains offset ongoing commodity and fuel inflation
Company press release: ID:nBw3Yk5W7a
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Adjusted EPS | Beat | $1.11 | $1.02 (4 Analysts) |
Q2 EPS |
| $0.92 |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the construction supplies & fixtures peer group is "buy"
Wall Street's median 12-month price target for Gibraltar Industries, Inc. is $74.50, about 55% above its August 4 closing price of $48.06
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 9 three months ago
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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
Recent news on Gibraltar Industries
See all newsGibraltar Industries, Inc. reports results for the quarter ended June 30 - Earnings Summary
Gibraltar Q2 net sales jump on OmniMax acquisition
Gibraltar Q1 adjusted EPS misses estimates, reaffirms guidance
Corrected: BRIEF-Gibraltar Industries Q1 Adjusted EPS USD 0.45
Gibraltar Q4 sales rise on metal roofing and structures acquisitions; adjusted EPS beats