Adjusted net income per diluted share is now expected to be in the range of 14 cents to 16 cents, compared to the company's previous guidance of adjusted EPS between 29 cents and 30 cents for the quarter.
The company, which manufacturers, and distributes products for the building and industrial markets, said that due to the long winter driving lower than expected 2014 first quarter results "end market demand for the second quarter did not rebound as expected."
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Separately, TheStreet Ratings team rates GIBRALTAR INDUSTRIES INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate GIBRALTAR INDUSTRIES INC (ROCK) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, growth in earnings per share and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, poor profit margins and weak operating cash flow."