Gibraltar Industries (ROCK) FY2015 results: revenue $1.0 billion, up 20.7% on the year
Gibraltar Industries, Inc. (ROCK) reported revenue of $1.0 billion for fiscal 2015, the year ended 31 December 2015, up 20.7% on the year before. Net income was $23 million, and diluted earnings per share $0.74. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2016.
Revenue
$1.0 billion
+20.7% on the year
FY2008FY2015
Operating margin
4.7%
-8.2% a year earlier
FY2008FY2015
Net income
$23 million
FY2008FY2015
Diluted EPS
$0.74
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
1,041
862
828
+20.7%
Cost of revenue
854
722
669
+18.3%
Gross profit
187
140
158
+33.5%
Gross margin
18.0%
16.2%
19.1%
Research and development
0.9
0.1
n/a
+1,400.0%
Selling, general and administrative
133
102
113
+30.1%
Operating income
48.7
-70.4
21.5
Operating margin
4.7%
-8.2%
2.6%
Interest expense
15.0
14.4
22.5
+4.0%
Pre-tax income
37.1
-84.8
-0.8
Income tax
13.6
-3.0
4.8
Effective tax rate
36.7%
n/a
n/a
Net income
23.4
-81.8
-5.6
Net margin
2.3%
-9.5%
-0.7%
Diluted EPS
$0.74
-$2.63
-$0.18
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
87.2
32.5
60.3
+168.0%
Capital expenditure
12.4
23.3
14.9
-46.9%
Free cash flow
74.8
9.3
45.4
+709.1%
Free cash flow margin
7.2%
1.1%
5.5%
Cash from investing
-125
-17.0
-7.9
Cash from financing
-0.7
-0.3
-2.7
Depreciation and amortisation
30.5
25.4
27.1
+20.1%
Share-based compensation
3.9
3.1
2.6
+23.5%
Buybacks
1.0
0.6
0.7
+66.3%
Diluted shares, weighted
32m
31m
31m
+1.5%
Shares outstanding at period end
32m
31m
31m
+1.4%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
410
387
472
+5.9%
Debt
209
210
214
-0.3%
Other liabilities
270
213
204
+26.8%
Total liabilities and equity
890
810
890
+9.8%
Fixed assets
119
130
132
-8.2%
Goodwill
292
236
341
+23.9%
Intangible assets
123
82.2
91.8
+49.6%
Cash and equivalents
68.9
111
97.0
-37.7%
Receivables
165
101
90.1
+63.1%
Inventory
107
129
121
-16.8%
Other assets
14.6
22.1
16.6
-34.3%
Total assets
890
810
890
+9.8%
10-K for the year ended 31 December 2015, filed 18 February 2016: the filing.