Gibraltar Industries(US:ROCK)2024-10-30 16:22Financial Performance - Q3 2024 - Adjusted net sales were $361 million, a decrease of 6%[5] - Adjusted operating income was $50 million, with a margin of 136%, down 120 bps[5] - Adjusted EPS was $127, a decrease of 7%[5] - Adjusted EBITDA was $59 million, with a margin of 117%, down 100 bps[5] - Free cash flow was $59 million, representing 16% of sales[5] Segment Performance - Residential: Net sales decreased by 67% to $2124 million[6], but operating and EBITDA margins increased by 110 bps and 120 bps respectively[6] - Renewables: Net sales decreased by 172% to $841 million[9], and operating margin decreased by 1040 bps[9] - Agtech: Net sales increased by 118% to $1101 million[14], and operating margin increased by 450 bps[15] - Infrastructure: Net sales increased by 29% to $699 million[18], and operating margin increased by 230 bps[19] Outlook - The company is confirming updated 2024 guidance, with adjusted net sales expected to be between $131 billion and $133 billion[22] - Adjusted EPS is projected to be between $411 and $425[22] - Free cash flow is expected to be approximately 10% of net sales[20, 22]