Gibraltar Industries (ROCK) FY2012 results: revenue $790 million, up 3.1% on the year
Gibraltar Industries, Inc. (ROCK) reported revenue of $790 million for fiscal 2012, the year ended 31 December 2012, up 3.1% on the year before. Net income was $13 million, down 23.5%, and diluted earnings per share $0.41. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2013.
Revenue
$790 million
+3.1% on the year
FY2008FY2012
Operating margin
5.1%
4.7% a year earlier
FY2008FY2012
Net income
$13 million
-23.5% on the year
FY2008FY2012
Diluted EPS
$0.41
-24.1% on the year
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
790
767
637
+3.1%
Cost of revenue
640
621
534
+3.1%
Gross profit
150
145
104
+3.1%
Gross margin
18.9%
18.9%
16.3%
Selling, general and administrative
105
109
99.5
-3.9%
Operating income
40.3
36.2
-72.6
+11.3%
Operating margin
5.1%
4.7%
-11.4%
Interest expense
18.6
19.4
19.7
-4.0%
Pre-tax income
22.2
16.9
-92.3
+31.3%
Income tax
9.5
7.7
-16.9
+24.1%
Effective tax rate
42.9%
45.4%
n/a
Net income
12.6
16.5
-91.1
-23.5%
Net margin
1.6%
2.2%
-14.3%
Diluted EPS
$0.41
$0.54
-$3.01
-24.1%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
50.1
46.7
69.2
+7.3%
Capital expenditure
11.4
11.6
8.4
-1.7%
Free cash flow
38.7
35.1
60.9
+10.2%
Free cash flow margin
4.9%
4.6%
9.6%
Cash from investing
-55.8
-50.2
19.4
Cash from financing
-1.2
-2.8
-51.4
Depreciation and amortisation
26.3
26.2
-24.0
+0.6%
Share-based compensation
3.1
4.6
4.3
-32.2%
Buybacks
1.0
0.8
1.1
+17.4%
Diluted shares, weighted
31m
31m
30m
+0.7%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
477
460
441
+3.7%
Debt
208
207
207
+0.3%
Other liabilities
199
205
163
-2.9%
Total liabilities and equity
884
872
811
+1.3%
Fixed assets
152
152
146
-0.2%
Goodwill
360
348
298
+3.3%
Intangible assets
98.8
95.3
66.4
+3.7%
Cash and equivalents
48.0
54.1
60.9
-11.3%
Receivables
89.5
90.6
70.4
-1.2%
Inventory
116
109
77.8
+6.5%
Other assets
19.6
22.5
91.3
-13.0%
Total assets
884
872
811
+1.3%
10-K for the year ended 31 December 2012, filed 22 February 2013: the filing.