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Gibraltar Industries: This Rock Is Sturdier Than The Recent Stock Decline And Valuation Suggests
2014-10-14 08:07:44| Steel - Topix.net
The lowered guidance due to weak end-market demand for repair and remodeling is more than reflected in the 7.7x EBITDA multiple and ~20% stock decline. Steady FCF helped reduce the net leverage ratio by>50% since 2010; a 2013 refinancing reduced the interest rate by 175 bps and extended the maturity from 2015 to 2021.
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Category:Materials