Latest news with #Renewables
Business Wire
2 days ago
- Business
- Business Wire
Gibraltar Strategically Shifts Focus to Building Products and Structures Businesses
BUFFALO, N.Y.--(BUSINESS WIRE)--Gibraltar Industries, Inc. (Nasdaq: ROCK), a leading manufacturer and provider of products and services for the residential, agtech, renewable energy and infrastructure markets, today announced that its Board of Directors has approved a plan to sell the Renewables business to focus its asset portfolio and resources on its building products and structures businesses – namely the residential, agtech and infrastructure segments. 'As part of our ongoing strategic assessment and portfolio evaluation process we assess the overall attractiveness and key drivers of the end markets we are participating in, as well as our ability to extract value and generate returns in each of these end markets. We anticipate a simpler portfolio with the right resources and capital focused on building products and structures markets will yield stronger growth, margin expansion, and cash flow performance which will drive higher returns for our shareholders,' stated Chairman and CEO Bill Bosway. 'We have received inquiries, and given our leadership position in the distributive generation market and the strength of our team, we believe this business will be a strong addition for new owners.' In connection with this plan, the Renewables segment is being reclassified as discontinued operations. Management will update its 2025 outlook and offer complete restated historical results excluding the Renewables segment with its second quarter 2025 report, the timing of which will be announced separately. The Company will provide further comment when they enter into a sale transaction or have otherwise determined that further disclosure is appropriate. Perella Weinberg Partners has been engaged with Gibraltar throughout this strategic assessment and is serving as financial advisor to the Company in this process. Additionally, Chairman and Chief Executive Officer Bill Bosway and Chief Financial Officer Joe Lovechio are scheduled to meet with investors at the CJS Annual New Ideas Summer Conference on Thursday, July 10, 2025. Forward-Looking Statements Certain information set forth in this news release, other than historical statements, contains 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995 that are based, in whole or in part, on current expectations, estimates, forecasts, and projections about the Company's business, and management's beliefs about future operations, results, and financial position. These statements are not guarantees of future performance and are subject to a number of risk factors, uncertainties, and assumptions. Actual events, performance, or results could differ materially from the anticipated events, performance, or results expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from current expectations include, among other things, challenges in finding a buyer for the Renewables business, difficulty obtaining an acceptable purchase price for the Renewables business, purchasers breaching an agreement with the Company related to the sale, the Company's ability to successfully shift resources to its remaining businesses, costs and charges incurred by the Company in respect of the sale of the Renewables business, tariffs and retaliatory tariffs imposed by the United States or other countries on imported goods, including raw materials used in the manufacturing of the Company's products; changes to economic conditions and customer demand for the Company's products; the availability and pricing of principal raw materials and component parts, supply chain challenges causing project delays and field operations inefficiencies and disruptions, the loss of any key customers, adverse effects of inflation, the ability to continue to improve operating margins, the ability to generate order flow and sales and increase backlog; the ability to translate backlog into net sales, other general economic conditions and conditions in the particular markets in which we operate, changes in spending due to laws and government incentives, such as the Infrastructure Investment and Jobs Act, changes in customer demand and capital spending, competitive factors and pricing pressures, the ability to develop and launch new products in a cost-effective manner, the ability to realize synergies from newly acquired businesses, disruptions to IT systems, the impact of trade and regulation, credits and incentives and variations in government spending and ability to derive expected benefits from restructuring, productivity initiatives, liquidity enhancing actions, and other cost reduction actions. Before making any investment decisions regarding the company, we strongly advise you to read the section entitled 'Risk Factors' in the most recent annual report on Form 10-K which can be accessed under the 'SEC Filings' link of the 'Investor Info' page of the website at The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable law or regulation. About Gibraltar Gibraltar is a leading manufacturer and provider of products and services for the residential, agtech, renewables and infrastructure markets. Gibraltar's mission, to make life better for people and the planet, is fueled by advancing the disciplines of engineering, science, and technology. Gibraltar is innovating to reshape critical markets in comfortable living, sustainable power, and productive growing throughout North America. For more please visit
Business Insider
17-06-2025
- Business
- Business Insider
Murphy USA issues Q2-to-date operational update
Murphy USA (MUSA) is issuing an operational update in advance of executive attendance at two investor conferences in June, the Jefferies Consumer Conference on June 18th and the JP Morgan Energy, Power, Renewables, and Mining Conference on June 24th. Ahead of these conferences and investor discussions, Murphy USA is updating second quarter-to-date performance metrics based on preliminary results covering the period April 1st to May 31st: Second Quarter-To-Date (QTD) 2025, all-in fuel margins were 31.7 cents, with retail margins of 29.6 cents. Second QTD 2025 total fuel volumes were up 0.5%, down 1.1% on a same store sales (SSS) basis versus Second QTD 2024. Second QTD 2025 total merchandise sales and margin contribution dollars were up 1.1% and 0.3%, respectively. Nicotine sales and margins were down 0.9% and 0.1% respectively, on a SSS basis. Non-nicotine sales and margins were down 0.7% and 2.5% respectively, on a SSS basis. Second QTD operating expense was up 2.8% on an APSM basis. 22 New to Industry stores and 18 Raze and Rebuilds are currently under construction. Confident Investing Starts Here:
Yahoo
16-06-2025
- Business
- Yahoo
Murphy USA Issues Operations Update
EL DORADO, Ark., June 16, 2025--(BUSINESS WIRE)--Murphy USA Inc. (NYSE: MUSA) is issuing an operational update in advance of executive attendance at two investor conferences in June, the Jefferies Consumer Conference on June 18th and the JP Morgan Energy, Power, Renewables, and Mining Conference on June 24th. Ahead of these conferences and investor discussions, Murphy USA is updating second quarter-to-date performance metrics based on preliminary results covering the period April 1st to May 31st: Second Quarter-To-Date (QTD) 2025, all-in fuel margins were 31.7 cents, with retail margins of 29.6 cents Second QTD 2025 total fuel volumes were up 0.5%, down 1.1% on a same store sales (SSS) basis versus Second QTD 2024 Second QTD 2025 total merchandise sales and margin contribution dollars were up 1.1% and 0.3%, respectively Nicotine sales and margins were down 0.9% and 0.1% respectively, on a SSS basis Non-nicotine sales and margins were down 0.7% and 2.5% respectively, on a SSS basis Second QTD operating expense was up 2.8% on an APSM basis 22 New to Industry stores and 18 Raze and Rebuilds are currently under construction About Murphy USA Murphy USA (NYSE: MUSA) is a leading retailer of gasoline and convenience merchandise with more than 1,750 stores located primarily in the Southwest, Southeast, Midwest and Northeast United States. The Company and its team of approximately 17,200 employees serve an estimated two million customers each day through its network of retail gasoline and convenience stores in 27 states. The majority of Murphy USA's stores are located in close proximity to Walmart Supercenters. The Company also markets gasoline and other products at standalone stores under the Murphy Express and QuickChek brands. Murphy USA ranks 231 among Fortune 500 companies. View source version on Contacts Investor Contact: Christian Pikul – Vice President of Investor Relations and FP& Ash Aulds – Director of Investor Relations and FP&
Business Wire
16-06-2025
- Business
- Business Wire
Murphy USA Issues Operations Update
EL DORADO, Ark.--(BUSINESS WIRE)--Murphy USA Inc. (NYSE: MUSA) is issuing an operational update in advance of executive attendance at two investor conferences in June, the Jefferies Consumer Conference on June 18 th and the JP Morgan Energy, Power, Renewables, and Mining Conference on June 24 th. Ahead of these conferences and investor discussions, Murphy USA is updating second quarter-to-date performance metrics based on preliminary results covering the period April 1 st to May 31 st: Second Quarter-To-Date (QTD) 2025, all-in fuel margins were 31.7 cents, with retail margins of 29.6 cents Second QTD 2025 total fuel volumes were up 0.5%, down 1.1% on a same store sales (SSS) basis versus Second QTD 2024 Second QTD 2025 total merchandise sales and margin contribution dollars were up 1.1% and 0.3%, respectively Nicotine sales and margins were down 0.9% and 0.1% respectively, on a SSS basis Non-nicotine sales and margins were down 0.7% and 2.5% respectively, on a SSS basis Second QTD operating expense was up 2.8% on an APSM basis 22 New to Industry stores and 18 Raze and Rebuilds are currently under construction About Murphy USA Murphy USA (NYSE: MUSA) is a leading retailer of gasoline and convenience merchandise with more than 1,750 stores located primarily in the Southwest, Southeast, Midwest and Northeast United States. The Company and its team of approximately 17,200 employees serve an estimated two million customers each day through its network of retail gasoline and convenience stores in 27 states. The majority of Murphy USA's stores are located in close proximity to Walmart Supercenters. The Company also markets gasoline and other products at standalone stores under the Murphy Express and QuickChek brands. Murphy USA ranks 231 among Fortune 500 companies.
Yahoo
14-05-2025
- Business
- Yahoo
ROCK Q1 Earnings Call: Revenue Misses Expectations, Profitability Exceeds Estimates Amid Industry Uncertainty
Renewable energy and infrastructure solutions provider Gibraltar Industries (NASDAQ:ROCK) fell short of the market's revenue expectations in Q1 CY2025, with sales flat year on year at $290 million. On the other hand, the company's outlook for the full year was close to analysts' estimates with revenue guided to $1.43 billion at the midpoint. Its non-GAAP profit of $0.95 per share was 17.8% above analysts' consensus estimates. Is now the time to buy ROCK? Find out in our full research report (it's free). Revenue: $290 million vs analyst estimates of $296.8 million (flat year on year, 2.3% miss) Adjusted EPS: $0.95 vs analyst estimates of $0.81 (17.8% beat) Adjusted EBITDA: $46.17 million vs analyst estimates of $40.3 million (15.9% margin, 14.6% beat) The company reconfirmed its revenue guidance for the full year of $1.43 billion at the midpoint Management reiterated its full-year Adjusted EPS guidance of $4.93 at the midpoint Operating Margin: 11.7%, in line with the same quarter last year Free Cash Flow Margin: 0.8%, down from 16.7% in the same quarter last year Market Capitalization: $1.86 billion Gibraltar's first quarter was shaped by steady execution in core businesses and continued momentum in participation gains in its Residential and Agtech segments. Management pointed to solid project backlogs, new market entries through recent acquisitions, and resilience in end market demand as key drivers. CEO Bill Bosway cited strong margin performance across most segments, which offset a challenging environment in Renewables. 'Our demand remains solid, with new bookings for all project-based businesses increasing during the quarter,' Bosway noted, highlighting record backlog levels and recent investments to expand the company's presence in Agtech and residential metal roofing. Management detailed how steady demand across most segments and proactive portfolio moves helped offset Renewables softness. Key insights include: Residential participation gains: The Residential segment benefited from local market expansion and new product launches in building accessories, with participation gains helping Gibraltar outpace flat end-market demand. Agtech backlog surge: Agtech bookings jumped 226%, driven by both organic wins and the Lane Supply acquisition, giving management better visibility and predictability for the segment's revenue as larger projects move forward. Renewables project delays: The Renewables segment faced lower sales due to industry uncertainty and regulatory changes, notably new tariffs and AD/CVD (anti-dumping/countervailing duties) measures. Management expects the segment to recover in the second half as customers gain clarity on policy impacts. M&A activity: The company completed two acquisitions in metal roofing and the Lane Supply acquisition in Agtech, expanding its footprint in attractive local markets and diversifying sources of growth. Tariff mitigation efforts: Management has prepared for potential cost impacts from tariffs by securing pre-tariff inventory, restructuring supply chains, and leveraging productivity and pricing actions, aiming to limit material cost increases to about 5%. Looking ahead, Gibraltar's outlook is anchored by backlog strength, recent acquisitions, and strategic tariff mitigation, but tempered by uncertainty in Renewables. Backlog-driven execution: Record backlog levels in Agtech, Infrastructure, and Renewables are expected to underpin project execution and revenue in the coming quarters, with Agtech in particular set for late Q2 acceleration. Acquisitions integration: Management sees continued growth from integrating Lane Supply and recent metal roofing businesses, with incremental revenue and margin contributions expected through 2025. Tariff and regulatory risks: While management believes tariff-related cost increases are manageable, ongoing regulatory shifts and project delays in Renewables remain a risk to near-term performance. Daniel Moore (CJS Securities): Asked about real-time demand cadence and participation gains in Residential. Management noted steady demand and momentum in market expansion, supported by investments and acquisitions. Daniel Moore (CJS Securities): Inquired about pro forma metal roofing revenue and total addressable market. CEO Bill Bosway described the market as exceeding $3 billion, with Gibraltar's revenue approaching $200 million after recent deals. Walt Liptak (Seaport Research): Sought details on Renewables guidance reduction and long-term outlook. Management stated a 15-20% revenue adjustment was modeled, with recovery contingent on policy clarity and project timing. Walt Liptak (Seaport Research): Asked about supply chain exposure to China and tariff mitigation. Management explained they have shifted sourcing to reduce China dependence, with localized supply chains and playbooks for mitigating tariff costs. Justin Mechetti (Sidoti & Company): Queried about Agtech project schedules and backlog visibility. Management detailed how larger projects can shift quarter-to-quarter, but the mix with Lane Supply brings more predictability for sequential results. In the quarters ahead, the StockStory team will be watching (1) how quickly Gibraltar converts its record backlog in Agtech and Infrastructure into revenue, (2) the impact of recent metal roofing and Agtech acquisitions on margin and sales growth, and (3) whether Renewables project delays abate as regulatory uncertainty around tariffs and trade cases is resolved. Tariff mitigation effectiveness and further supply chain localization will also be important markers of execution. Gibraltar currently trades at a forward P/E ratio of 13.1×. Should you load up, cash out, or stay put? See for yourself in our free research report. The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
