Gibraltar Industries (ROCK) FY2013 results: revenue $828 million, up 4.7% on the year
Gibraltar Industries, Inc. (ROCK) reported revenue of $828 million for fiscal 2013, the year ended 31 December 2013, up 4.7% on the year before. Net income was -$6 million, and diluted earnings per share $-0.18. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2014.
Revenue
$828 million
+4.7% on the year
FY2008FY2013
Operating margin
2.6%
5.1% a year earlier
FY2008FY2013
Net income
-$6 million
FY2008FY2013
Diluted EPS
-$0.18
FY2008FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
828
790
767
+4.7%
Cost of revenue
669
640
621
+4.5%
Gross profit
158
150
145
+5.7%
Gross margin
19.1%
18.9%
18.9%
Selling, general and administrative
113
105
109
+8.4%
Operating income
21.5
40.3
36.2
-46.6%
Operating margin
2.6%
5.1%
4.7%
Interest expense
22.5
18.6
19.4
+21.0%
Pre-tax income
-0.8
22.2
16.9
Income tax
4.8
9.5
7.7
-49.6%
Effective tax rate
n/a
42.9%
45.4%
Net income
-5.6
12.6
16.5
Net margin
-0.7%
1.6%
2.2%
Diluted EPS
-$0.18
$0.41
$0.54
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
60.3
50.1
46.7
+20.4%
Capital expenditure
14.9
11.4
11.6
+31.6%
Free cash flow
45.4
38.7
35.1
+17.1%
Free cash flow margin
5.5%
4.9%
4.6%
Cash from investing
-7.9
-55.8
-50.2
Cash from financing
-2.7
-1.2
-2.8
Depreciation and amortisation
27.1
26.3
26.2
+2.7%
Share-based compensation
2.6
3.1
4.6
-18.6%
Buybacks
0.7
1.0
0.8
-26.4%
Diluted shares, weighted
31m
31m
31m
+0.2%
Shares outstanding at period end
31m
n/a
n/a
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
472
477
460
-1.1%
Debt
214
208
207
+3.0%
Other liabilities
204
199
205
+2.4%
Total liabilities and equity
890
884
872
+0.7%
Fixed assets
132
152
152
-13.1%
Goodwill
341
360
348
-5.2%
Intangible assets
91.8
98.8
95.3
-7.1%
Cash and equivalents
97.0
48.0
54.1
+102.0%
Receivables
90.1
89.5
90.6
+0.7%
Inventory
121
116
109
+4.1%
Other assets
16.6
19.6
22.5
-15.2%
Total assets
890
884
872
+0.7%
10-K for the year ended 31 December 2013, filed 20 February 2014: the filing.