Gibraltar to Record Fourth Quarter 2022 Charge for Processing Business Write-Down
The revenue range of $1.38 billion to $1.43 billion and adjusted EPS range of $3.30 to $3.40 for the year ended December 31, 2022 are unaffected by the write-down.
- The revenue range of $1.38 billion to $1.43 billion and adjusted EPS range of $3.30 to $3.40 for the year ended December 31, 2022 are unaffected by the write-down.
- Chairman and CEO Bill Bosway stated, “The depressed dynamics of the cannabis and hemp processing equipment market led us to pursue a divestiture of these assets.
- Gibraltar plans to release its fourth quarter 2022 financial results at approximately 7:30 a.m.
- For interested individuals unable to join the live conference call, a webcast replay will be available on the Company’s website for one year.