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Gibraltar Industries (Gibraltar Industries) Operating Income : $155 Mil (TTM As of Dec. 2023)


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What is Gibraltar Industries Operating Income?

Gibraltar Industries's Operating Income for the three months ended in Dec. 2023 was $29 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was $155 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Gibraltar Industries's Operating Income for the three months ended in Dec. 2023 was $29 Mil. Gibraltar Industries's Revenue for the three months ended in Dec. 2023 was $329 Mil. Therefore, Gibraltar Industries's Operating Margin % for the quarter that ended in Dec. 2023 was 8.79%.

Good Sign:

Gibraltar Industries Inc operating margin is expanding. Margin expansion is usually a good sign.

Gibraltar Industries's 5-Year average Growth Rate for Operating Margin % was 1.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Gibraltar Industries's annualized ROC % for the quarter that ended in Dec. 2023 was 9.35%. Gibraltar Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 43.24%.


Gibraltar Industries Operating Income Historical Data

The historical data trend for Gibraltar Industries's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Gibraltar Industries Operating Income Chart

Gibraltar Industries Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 80.81 107.19 105.29 130.10 154.53

Gibraltar Industries Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21.37 29.37 43.08 53.19 28.89

Gibraltar Industries Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $155 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Gibraltar Industries  (NAS:ROCK) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Gibraltar Industries's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=115.556 * ( 1 - 21.08% )/( (941.182 + 1009.353)/ 2 )
=91.1967952/975.2675
=9.35 %

where

Invested Capital(Q: Sep. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1288.046 - 261.399 - ( 85.465 - max(0, 313.015 - 507.69+85.465))
=941.182

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1256.451 - 147.672 - ( 99.426 - max(0, 225.578 - 462.251+99.426))
=1009.353

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Gibraltar Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=97.644/( ( (128.541 + max(69.564, 0)) + (152.521 + max(101.062, 0)) )/ 2 )
=97.644/( ( 198.105 + 253.583 )/ 2 )
=97.644/225.844
=43.24 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(216.754 + 141.008 + 24.817) - (261.399 + 51.616 + 0)
=69.564

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(178.087 + 120.503 + 17.772) - (147.672 + 44.735 + 22.893)
=101.062

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Gibraltar Industries's Operating Margin % for the quarter that ended in Dec. 2023 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2023 )/Revenue (Q: Dec. 2023 )
=28.889/328.811
=8.79 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Gibraltar Industries Operating Income Related Terms

Thank you for viewing the detailed overview of Gibraltar Industries's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.


Gibraltar Industries (Gibraltar Industries) Business Description

Traded in Other Exchanges
Address
3556 Lake Shore Road, P.O. Box 2028, Buffalo, NY, USA, 14219-0228
Gibraltar Industries Inc is a manufacturer and provider of products and services for the Renewable energy, Residential, Agtech and Infrastructure markets. Renewables Segment is engaged in the design, engineering, manufacturing and installation of solar racking and electrical balance of systems. Agtech Segment provides growing and processing solutions including the designing, engineering, manufacturing, full-scope construction, maintenance and support of greenhouses and indoor growing operations, and botanical extraction systems. It derives key revenue from the Residential segment which offers roof and foundation ventilation products, single point and centralized mail systems and electronic package solutions and Retractable awnings and gutter guards, among other products.
Executives
James B Nish director 3556 LAKESHORE RD., BLASDELL NY 14219
Janet Anne Catlett officer: VP, CHRO 22 WEST FRONTAGE ROAD, NORTHFIELD IL 60093
Linda Kristine Myers director 3556 LAKE SHORE ROAD, P.O. BOX 2028, BUFFALO NY 14219
Katherine Bolanowski officer: General Counsel, VP, Secretary 3556 LAKE SHORE ROAD, BUFFALO NY 14219
Patrick Burns officer: Chief Operating Officer 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Jeffrey J. Watorek officer: VP, Treasurer, Secretary 3556 LAKESHORE ROAD, BLASDELL NY 14219
Elizabeth Jensen officer: Chief Human Resources Officer 5928 HIGHLAND HILLS CIRCLE, FORT COLLINS CO 80528
Gwendolyn G Mizell director 800 S HANLEY SUITE 8D, CLAYTON MO 63105
Manish H Shah director 9618 BOUCHAINE PASS, BRENTWOOD TN 37027
Mark G Barberio director 19 WIK STREET, WILLIAMSVILLE NY 14221
Vinod M Khilnani director 905 WEST BLVD NORTH, ELKHART IN 46514
Sharon M Brady director 3600 W. LAKE AVENUE, GLENVIEW IL 60026
William P Montague director
Atlee Valentine Pope director 3556 LAKE SHORE ROAD, P.O. BOX 2028, BUFFALO NY 14219
Craig A Hindman director ILLINOIS TOOL WORKS INC., 3600 WEST LAKE AVENUE, GLENVIEW IL 60026