Gibraltar Industries (ROCK) FY2016 results: revenue $1.0 billion, down 3.2% on the year
Gibraltar Industries, Inc. (ROCK) reported revenue of $1.0 billion for fiscal 2016, the year ended 31 December 2016, down 3.2% on the year before. Net income was $34 million, up 43.6%, and diluted earnings per share $1.05. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2019.
Revenue
$1.0 billion
-3.2% on the year
FY2009FY2016
Operating margin
7.3%
4.7% a year earlier
FY2009FY2016
Net income
$34 million
+43.6% on the year
FY2009FY2016
Diluted EPS
$1.05
+41.9% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
1,008
1,041
862
-3.2%
Cost of revenue
763
854
722
-10.6%
Gross profit
245
187
140
+30.9%
Gross margin
24.3%
18.0%
16.2%
Research and development
2.2
0.9
0.1
+144.4%
Selling, general and administrative
161
133
102
+20.8%
Operating income
73.5
48.7
-70.4
+50.8%
Operating margin
7.3%
4.7%
-8.2%
Interest expense
14.6
15.0
14.4
-2.8%
Pre-tax income
50.0
37.1
-84.8
+34.7%
Income tax
16.3
13.6
-3.0
+19.4%
Effective tax rate
32.5%
36.7%
n/a
Net income
33.7
23.4
-81.8
+43.6%
Net margin
3.3%
2.3%
-9.5%
Diluted EPS
$1.05
$0.74
-$2.63
+41.9%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
124
87.2
32.5
+42.2%
Capital expenditure
10.8
12.4
23.3
-12.9%
Free cash flow
113
74.8
9.3
+51.3%
Free cash flow margin
11.2%
7.2%
1.1%
Cash from investing
-23.9
-125
-17.0
Cash from financing
1.3
-0.7
-0.3
Depreciation and amortisation
24.1
30.5
25.4
-21.1%
Share-based compensation
6.4
3.9
3.1
+63.8%
Buybacks
1.5
1.0
0.6
+61.0%
Diluted shares, weighted
32m
32m
31m
+1.7%
Shares outstanding at period end
32m
32m
31m
+1.0%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
461
410
387
+12.4%
Debt
210
209
210
+0.2%
Other liabilities
248
270
213
-8.4%
Total liabilities and equity
918
890
810
+3.2%
Fixed assets
108
119
130
-8.9%
Goodwill
304
292
236
+4.0%
Intangible assets
111
123
82.2
-9.9%
Cash and equivalents
170
68.9
111
+147.1%
Receivables
124
165
101
-24.8%
Inventory
89.6
107
129
-16.3%
Other assets
11.3
14.6
22.1
-22.6%
Total assets
918
890
810
+3.2%
10-K for the year ended 31 December 2016, filed 27 February 2019: the filing.