BUFFALO, N.Y. — Gibraltar Industries, Inc., a manufacturer and distributor of products for residential and industrial markets, on Friday reported its financial results for the three and twelve months ended Dec. 31.
Gibraltar’s net sales for Q4 increased 7 percent year-over-year to $202.0 million, while the company took a profit loss of $95.7 million. Q4 2013 had a profit gain of $4 million. Q4 residential product sales increased 23 percent to $105.4 million, while industrial and infrastructure product sales decreased 6 percent to $96.6 million.
For the full year, Gibraltar had sales of $862.1 million, up 4 percent from 2013. The company had a profit loss of $81.8 million, after losing $5.6 million in 2013.
“Looking ahead to 2015 and future years, our goals are to achieve stronger financial results, make more efficient use of Gibraltar’s capital, and deliver higher shareholder returns than we did in 2014," said Kenneth Smith, Gibraltar CFO. "To make meaningful progress toward achieving these goals, we will need to be aggressive in three key areas. The first is operational excellence; the second is portfolio management; and the third is to make effective use of acquisitions as a strategic accelerator for the business. Our overarching goal is to achieve best-in-class as it relates to sustainable value creation and shareholder returns over the long term. We look forward to reporting our progress in executing against this goal in 2015, as well as delivering improved financial results.”