Gibraltar Industries’ loss widens in the fourth quarter

Friday, 25 February 2011 15:39:08 (GMT+3)   |  
       

On February 24, New York, US-based Gibraltar Industries Inc. (Gibraltar), manufacturer and distributor of steel products for building markets, issued its financial results for the fourth quarter and the whole year of 2010.

According to the financial results, the net loss of Gibraltar was $76.2 million in the fourth quarter of 2010, compared with a net loss of $29.8 milion in the fourth quarter of 2009. Net sales in the period in question saw a seven percent increase year on year, rising to $153.7 million.

In the whole year, Gibraltar's net loss was $73.4 million, compared to a net loss of $41.1 million in 2009. Net sales of $685.1 million in 2010 saw a one percent decrease year on year.
 


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