GIBRALTAR INDUSTRIES INC
For the period ended Dec 31, 2023. Filed Feb 21, 2024.
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FY2023 · Filed Feb 21, 2024
ROCK$31.30-7.9%Stored close · as of Nov 10, 2026
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Consolidated Balance Sheets as of December 31, 202 and
CONSOLIDATED BALANCE SHEETS
| December 31, 2023 | December 31, 2022 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $99,426 | $17,608 |
| Accounts receivable, net of allowance of $5,572 and $3,746, respectively | 224,550 | 217,156 |
| Inventories, net | 120,503 | 170,360 |
| Prepaid expenses and other current assets | 17,772 | 18,813 |
| Total current assets | 462,251 | 423,937 |
| Property, plant, and equipment, net | 107,603 | 109,584 |
| Operating lease assets | 44,918 | 26,502 |
| Goodwill | 513,383 | 512,363 |
| Acquired intangibles | 125,980 | 137,526 |
| Other assets | 2,316 | 701 |
| $1,256,451 | $1,210,613 | |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $92,124 | $106,582 |
| Accrued expenses | 88,719 | 73,721 |
| Billings in excess of costs | 44,735 | 35,017 |
| Total current liabilities | 225,578 | 215,320 |
| Long-term debt | — | 88,762 |
| Deferred income taxes | 57,103 | 47,088 |
| Non-current operating lease liabilities | 35,989 | 19,041 |
| Other non-current liabilities | 22,783 | 18,303 |
| Stockholders’ equity: | ||
| Preferred stock, $0.01 par value; authorized 10,000 shares; none outstanding | — | — |
| Common stock, $0.01 par value; authorized 100,000 shares; 34,219 and 34,060 shares issued and outstanding in 2023 and 2022 | 342 | 340 |
| Additional paid-in capital | 332,621 | 322,873 |
| Retained earnings | 738,511 | 627,978 |
| Accumulated other comprehensive loss | (2,114) | (3,432) |
| Cost of 3,778 and 3,199 common shares held in treasury in 2023 and 2022 | (154,362) | (125,660) |
| Total stockholders’ equity | 914,998 | 822,099 |
| $1,256,451 | $1,210,613 | |
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