Gibraltar Industries (ROCK) FY2014 results: revenue $862 million, up 4.2% on the year
Gibraltar Industries, Inc. (ROCK) reported revenue of $862 million for fiscal 2014, the year ended 31 December 2014, up 4.2% on the year before. Net income was -$82 million, and diluted earnings per share $-2.63. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2015.
Revenue
$862 million
+4.2% on the year
FY2008FY2014
Operating margin
-8.2%
2.6% a year earlier
FY2008FY2014
Net income
-$82 million
FY2008FY2014
Diluted EPS
-$2.63
FY2008FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
862
828
790
+4.2%
Cost of revenue
722
669
640
+7.9%
Gross profit
140
158
150
-11.4%
Gross margin
16.2%
19.1%
18.9%
Research and development
0.1
n/a
n/a
Selling, general and administrative
102
113
105
-9.7%
Operating income
-70.4
21.5
40.3
Operating margin
-8.2%
2.6%
5.1%
Interest expense
14.4
22.5
18.6
-35.9%
Pre-tax income
-84.8
-0.8
22.2
Income tax
-3.0
4.8
9.5
Effective tax rate
n/a
n/a
42.9%
Net income
-81.8
-5.6
12.6
Net margin
-9.5%
-0.7%
1.6%
Diluted EPS
-$2.63
-$0.18
$0.41
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
32.5
60.3
50.1
-46.0%
Capital expenditure
23.3
14.9
11.4
+55.9%
Free cash flow
9.3
45.4
38.7
-79.6%
Free cash flow margin
1.1%
5.5%
4.9%
Cash from investing
-17.0
-7.9
-55.8
Cash from financing
-0.3
-2.7
-1.2
Depreciation and amortisation
25.4
27.1
26.3
-6.0%
Share-based compensation
3.1
2.6
3.1
+22.9%
Buybacks
0.6
0.7
1.0
-19.5%
Diluted shares, weighted
31m
31m
31m
+0.4%
Shares outstanding at period end
31m
31m
n/a
+0.7%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
387
472
477
-17.9%
Debt
210
214
208
-1.9%
Other liabilities
213
204
199
+4.7%
Total liabilities and equity
810
890
884
-8.9%
Fixed assets
130
132
152
-1.7%
Goodwill
236
341
360
-30.8%
Intangible assets
82.2
91.8
98.8
-10.4%
Cash and equivalents
111
97.0
48.0
+14.0%
Receivables
101
90.1
89.5
+12.3%
Inventory
129
121
116
+6.3%
Other assets
22.1
16.6
19.6
+33.4%
Total assets
810
890
884
-8.9%
10-K for the year ended 31 December 2014, filed 24 February 2015: the filing.