Gibraltar cuts 2024 guidance as Q3 sales and EPS fall below last year
Gibraltar Industries said preliminary third-quarter 2024 net sales were $359 million to $362 million, down from $390.7 million a year earlier, and GAAP EPS was $1.09 to $1.12 versus $1.28. It also lowered its full-year 2024 net sales and EPS guidance, citing solar industry headwinds and a slower residential market, which points to weaker results for shareholders.
Key points
- Preliminary Q3 2024 net sales of $359 million to $362 million, versus $390.7 million in Q3 2023; GAAP EPS of $1.09 to $1.12, versus $1.28.
- Updated 2024 net sales guidance of $1,310 million to $1,330 million, down from prior guidance of $1,380 million to $1,420 million.
- Updated 2024 GAAP EPS guidance of $3.57 to $3.71 (prior $4.04 to $4.29); adjusted EPS guidance of $4.11 to $4.25 (prior $4.57 to $4.82).
- Third-quarter 2024 results and conference call scheduled for October 30, 2024, at 9:00 a.m. ET.
The filing
Written by AI on Nov 8, 2026, 6:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 11, 2024.
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