Gibraltar Industries (ROCK) FY2019 results: revenue $898 million, up 7.3% on the year
Gibraltar Industries, Inc. (ROCK) reported revenue of $898 million for fiscal 2019, the year ended 31 December 2019, up 7.3% on the year before. Net income was $65 million, up 2.0%, and diluted earnings per share $1.99. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2020.
Revenue
$898 million
+7.3% on the year
FY2012FY2019
Operating margin
9.0%
9.7% a year earlier
FY2012FY2019
Net income
$65 million
+2.0% on the year
FY2012FY2019
Diluted EPS
$1.99
+1.5% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
898
837
987
+7.3%
Cost of revenue
678
626
750
+8.3%
Gross profit
220
211
237
+4.3%
Gross margin
24.5%
25.2%
24.0%
Research and development
n/a
1.7
2.9
Selling, general and administrative
139
128
143
+8.5%
Operating income
80.8
81.1
92.8
-0.4%
Operating margin
9.0%
9.7%
9.4%
Interest expense
n/a
12.1
14.0
Pre-tax income
78.1
67.1
77.9
+16.3%
Income tax
18.2
13.0
14.9
+39.5%
Effective tax rate
23.2%
19.4%
19.2%
Net income
65.1
63.8
62.6
+2.0%
Net margin
7.2%
7.6%
6.3%
Diluted EPS
$1.99
$1.96
$1.94
+1.5%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
130
97.5
70.1
+33.2%
Capital expenditure
8.8
10.4
11.4
-15.4%
Free cash flow
121
87.2
58.7
+39.0%
Free cash flow margin
13.5%
10.4%
5.9%
Cash from investing
-19.7
-14.5
-16.8
Cash from financing
-217
-6.2
-2.6
Depreciation and amortisation
17.6
17.4
21.7
+0.7%
Share-based compensation
12.6
9.2
7.1
+36.8%
Buybacks
4.3
7.2
2.9
-39.9%
Diluted shares, weighted
33m
33m
32m
+0.6%
Shares outstanding at period end
n/a
33m
32m
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
674
597
532
+12.9%
Debt
0.0
210
210
Operating lease liabilities
14.9
n/a
n/a
Other liabilities
296
255
250
+16.1%
Total liabilities and equity
984
1,062
991
-7.3%
Fixed assets
78.2
95.8
97.1
-18.4%
Goodwill
307
302
321
+1.9%
Intangible assets
76.7
96.4
106
-20.4%
Cash and equivalents
191
297
222
-35.6%
Receivables
134
140
145
-4.6%
Inventory
62.0
98.9
86.4
-37.4%
Other assets
135
31.7
13.4
+326.4%
Total assets
984
1,062
991
-7.3%
10-K for the year ended 31 December 2019, filed 28 February 2020: the filing.