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Stock impact report

Gibraltar (ROCK) Q4 Earnings & Revenues Miss, Stock Down [Yahoo! Finance]

Gibraltar Industries, Inc. (ROCK) 
Last gibraltar industries, inc. earnings: 2/28 07:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
On a year-over-year basis, the top and the bottom lines increased. The company's quarterly results reflect organic growth, increased volume, improving customer and product mix, accretive 80/20 initiatives, better price and cost alignment, along with supply-chain optimization initiatives and improvements in project management systems. Gibraltar is optimistic about its upcoming growth prospects with its robust end-market fundamentals, backed by increased backlog levels. Backed by solid end market fundamentals, improving business conditions in Renewables and Agtech markets, and an efficient operating engine, ROCK is well-poised to deliver strong results in 2024. Shares of the company plunged 13.1% on Feb 21 during the trading hours after the earnings release. Inside the Headlines Gibraltar's adjusted earnings of 85 cents per share missed the Zacks Consensus Estimate of 86 cents by 1.2%. On the other hand, the metric grew 18.1% year over year. Gibraltar Industries, Inc. Price Show less Read more
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