Gibraltar Industries Inc. (ROCK) Financial Statements (2024 and earlier)

Company Profile

Business Address 3556 LAKE SHORE ROAD
BUFFALO, NY 14219-0228
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 331 - Steel Works, Blast Furnaces, And Rolling And Finishing Mills (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments17,60812,84932,054191,363297,006222,280
Cash and cash equivalents17,60812,84932,054191,363297,006222,280
Receivables217,156236,444197,990147,515140,283145,385
Inventory, net of allowances, customer advances and progress billings170,360176,20798,30778,47698,91386,372
Inventory170,360176,20798,30778,47698,91386,372
Disposal group, including discontinued operation   77,438   
Other current assets18,81321,46719,67119,7488,3518,727
Total current assets:423,937446,967425,460437,102544,553462,764
Noncurrent Assets
Operating lease, right-of-use asset26,50218,12025,22927,662
Property, plant and equipment109,58496,88589,56295,40995,83097,098
Intangible assets, net (including goodwill)649,889652,446670,644422,297420,046426,842
Goodwill512,363510,942514,279329,705323,671321,074
Intangible assets, net (excluding goodwill)137,526141,504156,36592,59296,375105,768
Other noncurrent assets7014831,5991,9801,2164,681
Total noncurrent assets:786,676767,934787,034547,348517,092528,621
TOTAL ASSETS:1,210,6131,214,9011,212,494984,4501,061,645991,385
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities180,303240,279218,243181,599166,210157,854
Accounts payable106,582172,286134,73883,13679,13682,387
Accrued liabilities73,72167,99383,50598,46387,07475,467
Deferred revenue35,01746,71134,70247,598
Debt     208,805400
Disposal group, including discontinued operation   49,295   
Billings in excess of cost12,779
Contract with customer, liability17,857
Total current liabilities:215,320286,990302,240229,197392,872171,033
Noncurrent Liabilities
Long-term debt and lease obligation 88,76235,171103,36619,6691,600209,621
Long-term debt, excluding current maturities 88,76223,78185,636 1,600209,621
Liabilities, other than long-term debt84,43267,48263,08361,62033,95048,518
Deferred income tax liabilities47,08840,27839,05740,334
Liability, pension and other postretirement and postemployment benefits      743
Other liabilities18,30327,20424,02621,28633,95047,775
Operating lease, liability19,04111,39017,73019,669
Total noncurrent liabilities:173,194102,653166,44981,28935,550258,139
Total liabilities:388,514389,643468,689310,486428,422429,172
Equity
Equity, attributable to parent822,099825,258743,805673,964596,693531,719
Common stock340338336332329323
Treasury stock, value(125,660)(35,380)(28,883)(22,227)(17,922)(10,757)
Additional paid in capital322,873314,541304,870295,582282,525271,957
Accumulated other comprehensive income (loss)(3,432)187(2,461)(5,391)(7,234)(4,366)
Retained earnings627,978545,572469,943405,668338,995274,562
Total equity:822,099825,258743,805673,964596,693531,719
Other undisclosed liabilities and equity     36,53030,494
TOTAL LIABILITIES AND EQUITY:1,210,6131,214,9011,212,494984,4501,061,645991,385

Income Statement (P&L) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,389,9661,339,7831,032,5781,047,4391,002,372986,918
Revenue, net986,918
Cost of revenue(1,071,272)(1,049,772)(776,235)(802,548)(760,012)(750,374)
Gross profit:318,694290,011256,343244,891242,360236,544
Operating expenses(188,592)(184,723)(149,153)(157,052)(146,840)(143,448)
Other undisclosed operating loss (8,300)  (1,552)(247)
Operating income:130,10296,988107,19087,83993,96892,849
Interest and debt expense     (12,064)(14,032)
Income from continuing operations before equity method investments, income taxes:130,10296,988107,19087,83981,90478,817
Other undisclosed income (loss) from continuing operations before income taxes(18,612)2,574569(3,076)(1,959)(909)
Income from continuing operations before income taxes:111,49099,562107,75984,76379,94577,908
Income tax expense(29,084)(25,046)(24,468)(19,672)(16,136)(14,943)
Income from continuing operations:82,40674,51683,29165,09163,80962,965
Income before gain (loss) on sale of properties:75,62964,56665,09163,80962,560
Income (loss) from discontinued operations  1,113(18,725)  (405)
Net income available to common stockholders, diluted:82,40675,62964,56665,09163,80962,560

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:82,40675,62964,56665,09163,80962,560
Other comprehensive income (loss)(3,619)2,6482,9301,843(2,868)3,355
Comprehensive income, net of tax, attributable to parent:78,78778,27767,49666,93460,94165,915

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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