Gibraltar reported record levels in 2003 results
North American steel maker
Gibraltar has recently posted results of full year and fourth quarter ending on December 31, 2003. Accordingly, sales of the company in the fourth quarter reached $185 million, with an increase by 19% when compared with the sales of $156 million recorded in the corresponding period of 2002. Moreover, sales of 2003 reached to a record level of $758 million, up by 18% when compared with sales of $645 million recorded in 2002.
In the fourth quarter, the company posted a net income of $5.8 million against net income of $4.7 million recorded in the same quarter of 2002, which indicates a 24% increase. The company, increasing its 2003 net income to $27 million, with an increase by 13% against net income of $23.9 million recorded in 2002, posted its highest net income in its history.