Gibraltar Industries(US:ROCK)2021-01-15 21:28Financial Performance & Strategic Overview - Gibraltar Industries' revenue through Q3 2020 reached $865 million, a 9.6% increase compared to $789 million in 2019 [6] - Adjusted Earnings Per Share (EPS) for 2020 was $2.37, a 20.9% increase from $1.96 in 2019 [6] - The company is focused on accelerating transformation to drive growth and returns, leveraging core competencies in growing markets [55] - Over 45% of the company's revenue base is now generated from businesses that address global challenges [17, 55] Renewable Energy & Conservation Segment - The Renewable Energy & Conservation segment is projected to have approximately $400 million in pro forma revenue for 2020, with TerraSmart contributing ~$155 million and Gibraltar ~$245 million [28] - The company estimates a $4.7 billion addressable market in key segments of Renewable Energy & Conservation in 2020, expected to grow at a CAGR of 10%-15% through 2025 [34] - The acquisition of TerraSmart was valued at 7.9x - 8.5x projected 2020 adjusted EBITDA, with TerraSmart expected to generate $150 million - $155 million in revenue and $26 million - $28 million in adjusted EBITDA in 2020 [36] - The company projects revenue in the Renewable Energy & Conservation segment to reach $700+ million by 2025, with an adjusted operating margin of 15%+ [52] COVID-19 Response & Community Support - The company provided 160 hours of COVID-19 pay for hourly employees and implemented mandatory PPE measures [12] - The company donated 3.3 million meals to food banks, distributing them across its operations [16]