Gibraltar Reports Preliminary Q3 Net Sales Of $359M - $362M (Est $395.47M), Adjusted EPS Of $1.25 - $1.28 (Est $1.46)
Portfolio Pulse from Benzinga Newsdesk
Gibraltar Industries reported preliminary Q3 net sales of $359M-$362M, below the estimated $395.47M. Adjusted EPS is expected to be $1.25-$1.28, also below the estimated $1.46. The company anticipates a decline in net sales and EPS compared to last year.
October 11, 2024 | 11:44 am
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Gibraltar Industries' preliminary Q3 results show net sales and adjusted EPS below estimates, indicating potential financial challenges.
The preliminary Q3 results for Gibraltar Industries show both net sales and adjusted EPS below market expectations. This underperformance suggests potential financial challenges and could lead to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100