Gibraltar Industries (ROCK) FY2017 results: revenue $987 million, down 2.1% on the year
Gibraltar Industries, Inc. (ROCK) reported revenue of $987 million for fiscal 2017, the year ended 31 December 2017, down 2.1% on the year before. Net income was $63 million, up 85.8%, and diluted earnings per share $1.94. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2019.
Revenue
$987 million
-2.1% on the year
FY2010FY2017
Operating margin
9.4%
7.3% a year earlier
FY2010FY2017
Net income
$63 million
+85.8% on the year
FY2010FY2017
Diluted EPS
$1.94
+84.8% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
987
1,008
1,041
-2.1%
Cost of revenue
750
763
854
-1.7%
Gross profit
237
245
187
-3.4%
Gross margin
24.0%
24.3%
18.0%
Research and development
2.9
2.2
0.9
+31.8%
Selling, general and administrative
143
161
133
-11.0%
Operating income
92.8
73.5
48.7
+26.3%
Operating margin
9.4%
7.3%
4.7%
Interest expense
14.0
14.6
15.0
-3.7%
Pre-tax income
77.9
50.0
37.1
+55.9%
Income tax
14.9
16.3
13.6
-8.1%
Effective tax rate
19.2%
32.5%
36.7%
Net income
62.6
33.7
23.4
+85.8%
Net margin
6.3%
3.3%
2.3%
Diluted EPS
$1.94
$1.05
$0.74
+84.8%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
70.1
124
87.2
-43.5%
Capital expenditure
11.4
10.8
12.4
+5.8%
Free cash flow
58.7
113
74.8
-48.2%
Free cash flow margin
5.9%
11.2%
7.2%
Cash from investing
-16.8
-23.9
-125
Cash from financing
-2.6
1.3
-0.7
Depreciation and amortisation
21.7
24.1
30.5
-10.1%
Share-based compensation
7.1
6.4
3.9
+11.8%
Buybacks
2.9
1.5
1.0
+86.6%
Diluted shares, weighted
32m
32m
32m
+0.6%
Shares outstanding at period end
32m
32m
32m
+0.8%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
532
461
410
+15.4%
Debt
210
210
209
+0.2%
Other liabilities
250
248
270
+0.8%
Total liabilities and equity
991
918
890
+8.0%
Fixed assets
97.1
108
119
-10.3%
Goodwill
321
304
292
+5.6%
Intangible assets
106
111
123
-4.5%
Cash and equivalents
222
170
68.9
+30.6%
Receivables
145
124
165
+17.2%
Inventory
86.4
89.6
107
-3.6%
Other assets
13.4
11.3
14.6
+19.1%
Total assets
991
918
890
+8.0%
10-K for the year ended 31 December 2017, filed 27 February 2019: the filing.