Gibraltar Industries, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year Ended December 31, 2012
January 15, 2013 at 05:00 pm
Share
Gibraltar Industries, Inc. provided earnings guidance for the fourth quarter and full year ended December 31, 2012. For the quarter, the company expects consolidated net sales to be between $171 million and $173 million, compared with $174 million in the fourth quarter 2011. The Company expects earnings per share from continuing operations for the fourth quarter 2012 to range between a loss of $0.01 per diluted share and income of $0.03 per diluted share, compared to the prior year period of a loss of $0.22 per diluted share. Excluding special charges, the adjusted fourth quarter 2012 earnings per share are estimated between $0.01 and $0.05 per diluted share, compared to an adjusted loss of $0.17 per share for the fourth quarter 2011 Adjusted EBITDA expected to be between $13 and $14 million, compared to $3 million in the fourth quarter 2011.
For the full year, the company expect net sales to be between of $788 million and $790 million, an approximate 3% increase from 201.1 The Company's estimated fourth quarter results would lead to full year 2012 earnings per diluted share from continuing operations of between $0.52 and $0.56, compared to $0.30 per diluted share for 2011. The estimated results for 2012 include after-tax special charges of $0.10 per diluted share, for acquisition-related costs and exit activity costs related to business restructuring. Excluding these items, adjusted earnings per diluted share for 2012 are estimated between $0.62 and $0.66, compared with $0.50 in 2011. Adjusted EBITDA expects to be of $78 to $80 million, a 3% to 5% increase from 2011.
Gibraltar Industries, Inc. is a manufacturer and provider of products and services for the renewable energy, residential, agtech, and infrastructure markets. The Companyâs segments include Renewables, Residential, Agtech, and Infrastructure. The Renewables segment is engaged in designing, engineering, manufacturing and installation of solar racking and electrical balance of systems. The Residential segment includes products, such as roof and foundation ventilation products, single point and centralized mail systems and electronic package solutions, retractable awnings and gutter guards, and rain dispersion, trims and flashings, other accessories. The Agtech segment provides products and services, including the designing, engineering, manufacturing, construction, maintenance and support of greenhouses and indoor growing operations. The Infrastructure segment provides engineered solutions for bridges, highways and airfields, including structural bearings, expansion joints, and others.
GIBRALTAR INDUSTRIES, INC. 
