Gibraltar announced Q1 net income results

Gibraltar announced Q1 net income results

North America's steelmaker Gibraltar has announced its sales for the first quarter that ended March 31, 2003. Gibraltar's sales were increased by 11% to $161 million from $145 million recorded last year same period, according to the company statement. Company's net income for the first quarter is recorded as $4.9 million from $4.1 million, with a rise of approximately 20% over last year. Furthermore, Gibraltar reported earnings per share as $0.30 which is equal to that of 2002. Gibraltar's first quarter sales and earnings has been grown despite the weak state of economy and the activity of bad weather conditions. Gibraltar is seeking further improvement of its sales and earnings during 2003.