Gibraltar Industries Inc (ROCK)

Gibraltar to Attend Wells Fargo 16th Industrials & Materials ConferenceJune 3, 2026 7:30 AM
Business Wire Gibraltar Industries, Inc. (Nasdaq: ROCK), a leading manufacturer and provider of products and services for the residential, agtech and infrastructure markets, today announced that Chairman and Chief Executive Officer Bill Bosway and Chief Financial Officer Joe Lovechio are scheduled to meet with investors at the Wells Fargo 16th Industrials & Materials Conference on Wednesday, June 10th. About Gibraltar Gibraltar is a leading manufacturer and provider of products and services for the residential, agtech, and infrastructure markets. Gibraltar’s mission, to make life better for people and the planet, is fueled by advancing the disciplines of engineering, science, and technology. Gibraltar is innovating to reshape critical markets in comfortable living and productive growing throughout North America. For more please visit www.gibraltar1.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260603624010/en/ Alliance Advisors Investor Relations
Jody Burfening/Carolyn Capaccio
(212) 838-3777 Original: Gibraltar to Attend Wells Fargo 16th Industrials & Materials Conference

Gibraltar to Attend May Investor ConferencesMay 8, 2026 7:30 AM
Business Wire Gibraltar Industries, Inc. (Nasdaq: ROCK), a leading manufacturer and provider of products and services for the residential, agtech, and infrastructure markets, today announced that Chairman and Chief Executive Officer Bill Bosway and Chief Financial Officer Joe Lovechio are scheduled to appear at the following May 2026 investor conferences: Wednesday, May 13 – CJS 2nd Annual May 1on1 Virtual Conference – meeting with Investors Thursday, May 14 – Seaport Annual Growth Discovery Conference – participating in a Fireside Chat ABOUT GIBRALTAR Gibraltar is a leading manufacturer and provider of products and services for the residential, agtech, and infrastructure markets. Gibraltar’s mission, to make life better for people and the planet, is fueled by advancing the disciplines of engineering, science, and technology. Gibraltar is innovating to reshape critical markets in comfortable living and productive growing throughout North America. For more please visit www.gibraltar1.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260508834735/en/ Alliance Advisors IR
Jody Burfening/Carolyn Capaccio
(212) 838-3777
rock@allianceadvisors.com Original: Gibraltar to Attend May Investor Conferences

Gibraltar Reports First Quarter 2026 ResultsMay 7, 2026 7:30 AM
Business Wire OmniMax integration accelerating Raising 2026 synergy commitment to $26M, $16M included in FY 2026 EBITDA Outlook Reaffirming full year 2026 guidance Gibraltar Industries, Inc. (Nasdaq: ROCK), a leading manufacturer and provider of products and services for the residential, agtech, and infrastructure markets, today reported its financial results for the three-month period ended March 31, 2026. As a reminder, on June 30, 2025, Gibraltar announced that it has reclassified its Renewables business as discontinued operations to focus its asset portfolio and resources on its building products and structures businesses – namely the residential, agtech and infrastructure segments. On February 20, 2026, Gibraltar sold the electrical balance-of-systems (eBOS) business for $70 million in cash. “The first quarter was very busy with the closing of the OmniMax acquisition on February 2nd and the subsequent launch of our integration efforts across the combined business. There has been significant progress as our 22 integration planning teams have delivered over 500+ milestones in the last 90 days. We are accelerating key initiatives and have raised our synergy commitment again, adding another $2 million for 2026 to a total of $26 million of which $16 million is planned to be realized in full-year 2026 adjusted EBITDA. In parallel, we continued to navigate a slower Residential end market, deal with accelerating commodity inflation, and manage through some disruptive weather events in the quarter,” stated Chairman and CEO Bill Bosway. “Including two months of OmniMax, net sales increased 44.6% and adjusted EBITDA increased 16.1% while adjusted EPS was down 50% primarily driven by an increase in interest expense and unfavorable price material economics driven by significant increase in aluminum prices during the quarter. We executed price actions in both March and April across 14 of our residential brands and operating units, which we expect will create positive price material economics for us in the second quarter. We consumed cash in the quarter per our range of expectations and applied the $70 million of proceeds of the eBOS divestiture to debt reduction.” First Quarter 2026 Results from Continuing Operations Three Months Ended March 31,   2026 2025 Change Net Sales $356.3 $246.4 44.6% Adjusted EBITDA $49.0 $42.2 16.1% Net (Loss) / Income $(12.1) $23.1 NMF Adjusted Net Income $13.5 $27.3 (50.5)% GAAP (Loss) / Earnings Per Share – Diluted $(0.40) $0.76 NMF Adjusted EPS – Diluted $0.45 $0.90 (50.0)% Net Sales Driven by acquisitions of OmniMax, Lane Supply and Metal Roofing with organic growth down slightly GAAP Income / EPS Net loss driven by pretax expenses of $32.6 million, or $0.80 per share related to OmniMax acquisition including deal closing and integration costs, and fair market amortization step-up Adjusted Net Income / EPS Decreased 50.5% to $13.5 million, or $0.45 per share, including the net interest impact of $14.6 million versus first quarter 2025 Aluminum market price increased significantly in the quarter. Steel, resin, and fuel inflation began to materialize in March post Middle East conflict. Price increases in March and April drive positive price material economics in the second quarter Lower volume, business and product mix Adjusted measures are further described in the appended reconciliation of adjusted financial measures. First Quarter Segment Results Residential ($Millions) Three Months Ended March 31,   2026 GAAP 2025 GAAP Change 2026 Adjusted 2025 Adjusted Change   Net Sales $281.4 $180.0 56.3% $281.4 $180.0 56.3%   Operating Income $20.2 $31.3 (35.5)% $31.0 $32.4 (4.3)%   Operating Margin 7.2% 17.4% (1020) bps 11.0% 18.0% (700) bps   EBITDA N/A N/A N/A $43.8 $35.4 23.7%   EBITDA Margin N/A N/A N/A 15.6% 19.7% (410) bps   Net Sales OmniMax contributed $89 million and metal roofing acquisitions $18 million in the quarter Organic sales: building products down 3.8%, mail and package down 1.5% Solid start in the second quarter - April shipments and bookings on plan and ahead of 2025 levels Operating Income / EBITDA Lower volume related to soft end market in the first quarter Timing of price realization against significant inflation in the quarter – executed price actions across 14 of our brands and operating units in March and April Operating inefficiencies related to close of OmniMax deal in middle of first quarter OmniMax Integration – First 90 days 22 integration planning teams and delivered 500+ milestones Phase 1 organization restructuring executed, Phase 2 to be completed in the second quarter Raised synergy commitment an additional $2 million to $26 million with $16 million realized in full-year 2026 adjusted EBITDA – added Corporate savings category Over 50% of synergy commitment executed to date with realized savings starting to ramp up in the second quarter Gained new business in 40+ new customer branches through participation initiatives Now have over 60+ existing customer locations buying complementary Gibraltar and OmniMax products through successful cross-selling initiatives Agtech  ($Millions) Three Months Ended March 31,   2026 GAAP 2025 GAAP Change 2026 Adjusted 2025 Adjusted Change   Net Sales $55.6 $45.0 23.6% $55.6 $45.0 23.6%   Operating Income $3.3 $3.4 (2.9)% $3.5 $4.9 (28.6)%   Operating Margin 6.0% 7.5% (150) bps 6.3% 10.8% (450) bps   EBITDA N/A N/A N/A $5.8 $6.3 (7.9)%   EBITDA Margin N/A N/A N/A 10.5% 14.1% (360) bps   Net sales were driven by the acquisition of Lane Supply. Overall, organic volume was down 3% driven by movement of projects to later in the year. Backlog for the business remains very solid at $84 million but reflects a 13% decrease at quarter-end from the removal of the CEA Arizona project. Adjusted operating margin in the quarter was driven by lower volume associated with projects moving to later in the year, and the impact of having full quarter results for Lane in 2026. Infrastructure ($Millions) Three Months Ended March 31,   2026 GAAP 2025 GAAP Change 2026 Adjusted 2025   Adjusted Change   Net Sales $19.2 $21.3 (9.9)% $19.2 $21.3 (9.9)%   Operating Income $3.7 $5.3 (30.2)% $3.7 $5.3 (30.2)%   Operating Margin 19.3% 24.7% (540) bps 19.3% 24.7% (540) bps   EBITDA N/A N/A N/A $4.5 $6.0 (25.0) %   EBITDA Margin N/A N/A N/A 23.3% 28.2% (490) bps   Sales were impacted by two separate weather events in March that affected power supply to our facility, resulting in a portion of March orders being shipped in April. Operations performed well, taking care of customers and staying on plan for the second quarter. Customer backlog was down 3% driven by timing of project awards but quoting / bid activity remains very strong and is expected to result in increased bookings in the second quarter and 2026. Margins were impacted by lower volume and mix. Balance Sheet and Cash Flow Gibraltar’s policy with respect to cash allocation will be to keep a minimum ($20-25 million) of cash on hand, use the revolver as needed to fund seasonal builds and pay down debt with excess cash flow. During the quarter, Gibraltar used $34.6 million in cash from operations, including the outlays for closing the transaction. The Company applied the $70 million in proceeds from the eBOS sale to debt reduction and, as a result, net debt on the balance sheet was $1.2 billion and revolving credit facility availability was $467 million at quarter-end. 2026 Outlook for Continuing Operations Mr. Bosway added, “I am pleased with the position we are in heading into the second quarter and the second half of the year. Our Residential business is off to a solid start with both shipments and bookings in April on plan and above 2025 levels. Our leadership team and Integration Management Office continue to integrate the business, identify and implement more synergy savings, execute price initiatives to deliver positive price material economics in the second quarter, and win more with customers as we displace competition and/or expand presence through successful cross-selling initiatives. We are focused on what we can control in a dynamic end market environment. In addition, our Agtech plan remains on track with a backlog of signed and funded projects, and I am excited to see the engineering backlog of Infrastructure convert to order backlog in the second quarter as well.” Reiterating 2026 Guidance Range For the Twelve Months Ended December 31,   2026 2025 Net Sales (in billions) $1.76 - $1.83 $1.14 Adjusted EBITDA (in millions) $310 - $326 $185 Adjusted EBITDA Margin 17.6% - 17.8% 16.3% GAAP EPS – Diluted $2.40 - $2.80 $3.25 Adjusted EPS – Diluted $3.65 - $4.05 $3.92 First Quarter 2026 Conference Call Details Gibraltar will host a conference call today starting at 9:00 a.m. ET to review its results for the first quarter of 2026. Interested parties may access the webcast through the Investors section of the Company’s website at www.gibraltar1.com, where related presentation materials will also be posted prior to the conference call. The call also may be accessed by dialing (888) 396-8049 or (416) 764-8646. For interested individuals unable to join the live conference call, a webcast replay will be available on the Company’s website for one year. About Gibraltar Gibraltar is a leading manufacturer and provider of products and services for the residential, agtech, and infrastructure markets. Gibraltar’s mission, to make life better for people and the planet, is fueled by advancing the disciplines of engineering, science, and technology. Gibraltar is innovating to reshape critical markets in comfortable living and productive growing throughout North America. For more please visit www.gibraltar1.com. Forward-Looking Statements Certain information set forth in this news release, other than historical statements, contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that are based, in whole or in part, on current expectations, estimates, forecasts, and projections about the Company’s business, and management’s beliefs about future operations, results, and financial position. These statements are not guarantees of future performance and are subject to a number of risk factors, uncertainties, and assumptions. Actual events, performance, or results could differ materially from the anticipated events, performance, or results expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from current expectations include, among other things, the ability of Gibraltar to successfully integrate OmniMax and/or to achieve expected cost and operational synergies from the OmniMax transaction; tariffs and retaliatory tariffs imposed by the United States or other countries on imported goods, including raw materials used in the manufacturing of the Company’s products; changes to economic conditions and customer demand for the Company’s products; the availability and pricing of principal raw materials and component parts, supply chain challenges causing project delays and field operations inefficiencies and disruptions, the loss of any key customers, adverse effects of inflation, the ability to continue to improve operating margins, the ability to generate order flow and sales and increase backlog; the ability to translate backlog into net sales, other general economic conditions and conditions in the particular markets in which we operate, changes in spending due to laws and government incentives, such as the Infrastructure Investment and Jobs Act, changes in customer demand and capital spending, competitive factors and pricing pressures, the ability to develop and launch new products in a cost-effective manner, the ability to realize synergies from newly acquired businesses, disruptions to IT systems, the impact of trade and regulation, rebates, credits and incentives and variations in government spending and ability to derive expected benefits from restructuring, productivity initiatives, liquidity enhancing actions, and other cost reduction actions. Before making any investment decisions regarding the company, we strongly advise you to read the section entitled “Risk Factors” in the most recent annual report on Form 10-K which can be accessed under the “SEC Filings” link of the “Investor Info” page of the website at www.Gibraltar1.com. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable law or regulation. Adjusted Financial Measures To supplement Gibraltar’s consolidated financial statements presented on a GAAP basis, Gibraltar also presented certain adjusted financial measures in this news release and its quarterly conference call, including adjusted net sales, adjusted operating income and margin, adjusted net income, adjusted earnings per share (EPS), free cash flow and adjusted earnings before interest, taxes, depreciation and amortization (Adjusted EBITDA), each a non-GAAP financial measure. Unless otherwise indicated, the consolidated financial statements, disclosures and related information disclosed herein relate to the Company's continuing operations, which exclude its Renewables business which was classified as a discontinued operation as of June 30, 2025. The Company has recast prior period amounts to reflect discontinued operations. Adjusted net income, operating income and margin exclude special charges consisting of restructuring costs (primarily comprised of exit activities costs and impairment of assets associated with 80/20 simplification, lean initiatives and / or discontinued products), acquisition related costs (legal and consulting fees, and integration costs for recent business acquisitions), and portfolio management. These special charges are excluded since they may not be considered directly related to the Company’s ongoing business operations. The aforementioned exclusions along with other adjustments to other income below operating profit are excluded from adjusted EPS. Adjusted EBITDA further excludes interest, taxes, depreciation, amortization and stock compensation expense. In evaluating its business, the Company considers and uses these non-GAAP financial measures as supplemental measures of its operating performance. Free cash flow is operating cash flow less capital expenditures and the related margin is free cash flow divided by net sales. The Company believes that the presentation of adjusted measures and free cash flow provides meaningful supplemental data to investors, as well as management, that are indicative of the Company’s core operating results and facilitates comparison of operating results across reporting periods as well as comparison with other companies. Adjusted EBITDA and free cash flow are also useful measures of the Company’s ability to service debt and adjusted EBITDA is one of the measures used for determining the Company’s debt covenant compliance. Adjustments to the most directly comparable financial measures presented on a GAAP basis are quantified in the reconciliation of adjusted financial measures provided in the supplemental financial schedules that accompany this news release. These adjusted measures should not be viewed as a substitute for the Company’s GAAP results and may be different than adjusted measures used by other companies and the Company’s presentation of non-GAAP financial measures should not be construed as an inference that the Company’s future results will be unaffected by unusual or non-recurring items. Reconciliations of non-GAAP measures related to full-year 2026 guidance have not been provided due to the unreasonable efforts it would take to provide such reconciliations due to the high variability, complexity and uncertainty with respect to forecasting and quantifying certain amounts that are necessary for such reconciliations. GIBRALTAR INDUSTRIES, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share data) (unaudited)     Three Months Ended March 31,   2026   2025 Net sales $ 356,287     $ 246,357   Cost of sales   277,416       176,504   Gross profit   78,871       69,853   Selling, general, and administrative expense   83,327       41,198   Operating (loss) income   (4,456 )     28,655   Interest expense (income), net   13,024       (1,637 ) Other (income) expense, net   (814 )     76   (Loss) income before taxes from continuing operations   (16,666 )     30,216   (Benefit of) provision for income taxes   (4,614 )     7,101   (Loss) income from continuing operations   (12,052 )     23,115   Discontinued operations:       Loss before taxes from discontinued operations   (59,871 )     (3,163 ) Benefit of income taxes   (4,453 )     (1,167 ) Loss from discontinued operations   (55,418 )     (1,996 ) Net (loss) income $ (67,470 )   $ 21,119   Net (loss) earnings per share – Basic:       (Loss) income from continuing operations $ (0.40 )   $ 0.76   Loss from discontinued operations   (1.86 )     (0.06 ) Net (loss) income $ (2.26 )   $ 0.70   Weighted average shares outstanding – Basic   29,796       30,252   Net (loss) earnings per share – Diluted:       (Loss) income from continuing operations $ (0.40 )   $ 0.76   Loss from discontinued operations   (1.86 )     (0.07 ) Net (loss) income $ (2.26 )   $ 0.69   Weighted average shares outstanding – Diluted   29,796       30,474     GIBRALTAR INDUSTRIES, INC. CONSOLIDATED BALANCE SHEETS (in thousands, except per share data)     March 31,
2026   December 31,
2025   (unaudited)     Assets       Current assets:       Cash and cash equivalents $ 20,347     $ 115,724   Trade receivables, net of allowance of $3,329 and $2,558, respectively   224,577       120,327   Costs in excess of billings, net   25,496       26,799   Inventories, net   268,110       116,770   Prepaid expenses and other current assets   71,892       56,904   Assets of discontinued operations   89,283       192,362   Total current assets   699,705       628,886   Property, plant, and equipment, net   191,983       130,456   Operating lease assets   167,840       55,355   Goodwill   932,219       415,032   Customer relationships, net   631,704       109,092   Other intangibles, net   142,707       34,464   Other assets   21,337       20,318     $ 2,787,495     $ 1,393,603   Liabilities and Stockholders’ Equity       Current liabilities:       Accounts payable $ 183,169     $ 108,216   Accrued expenses   193,380       155,807   Billings in excess of costs   8,480       8,879   Liabilities of discontinued operations   112,312       93,120   Total current liabilities   497,341       366,022   Long-term debt   1,220,825       —   Deferred income taxes   11,127       5,116   Non-current operating lease liabilities   153,374       46,199   Other non-current liabilities   24,196       25,868   Stockholders’ equity:       Preferred stock, $0.01 par value; authorized 10,000 shares; none outstanding   —       —   Common stock, $0.01 par value; authorized 100,000 shares; 34,674 and 34,482 shares issued and outstanding, respectively   347       345   Additional paid-in capital   354,993       353,018   Retained earnings   763,993       831,463   Accumulated other comprehensive loss   (4,581 )     (3,683 ) Treasury stock, at cost; 5,013 and 4,935 shares, respectively   (234,120 )     (230,745 ) Total stockholders’ equity   880,632       950,398     $ 2,787,495     $ 1,393,603     GIBRALTAR INDUSTRIES, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) (unaudited)     Three Months Ended March 31,   2026   2025 Cash Flows from Operating Activities       Net (loss) income $ (67,470 )   $ 21,119   Loss from discontinued operations   (55,418 )     (1,996 ) (Loss) income from continuing operations   (12,052 )     23,115   Adjustments to reconcile (loss) income from continuing operations to net cash (used in) provided by operating activities:       Depreciation and amortization   15,903       6,806   Stock compensation expense   1,859       2,860   Other, net   2,448       (144 ) Changes in operating assets and liabilities net of effects from acquisitions:       Trade receivables and costs in excess of billings   (56,100 )     (24,037 ) Inventories   (20,460 )     (8,233 ) Other current assets and other assets   (3,325 )     (5,579 ) Accounts payable   47,613       18,202   Accrued expenses and other non-current liabilities   (10,439 )     (7,905 ) Net cash (used in) provided by operating activities of continuing operations   (34,553 )     5,085   Net cash (used in) provided by operating activities of discontinued operations   (6,614 )     8,599   Net cash (used in) provided by operating activities   (41,167 )     13,684   Cash Flows from Investing Activities       Acquisitions, net of cash acquired   (1,340,027 )     (184,585 ) Purchases of property, plant, and equipment, net   (5,997 )     (10,757 ) Net proceeds from sale of business   —       352   Net cash used in investing activities of continuing operations   (1,346,024 )     (194,990 ) Net cash provided by (used in) investing activities of discontinued operations   74,944       (674 ) Net cash used in investing activities   (1,271,080 )     (195,664 ) Cash Flows from Financing Activities       Proceeds from long-term debt   1,325,000       —   Long-term debt payments   (75,000 )     —   Payment of debt issuance costs   (29,254 )     —   Purchase of common stock at market prices   (3,857 )     (62,394 ) Net cash provided by (used in) financing activities   1,216,889       (62,394 ) Effect of exchange rate changes on cash   (19 )     8   Net decrease in cash and cash equivalents   (95,377 )     (244,366 ) Cash and cash equivalents at beginning of year   115,724       269,480   Cash and cash equivalents at end of period $ 20,347     $ 25,114     GIBRALTAR INDUSTRIES, INC. Reconciliation of GAAP and Adjusted Financial Measures (in thousands, except per share data) (unaudited)   Three Months Ended March 31, 2026     (Loss) income before taxes   (Benefit of) provision for income taxes   Net (loss) income from continuing operations   Net (loss) income from continuing operations per share - diluted     As Reported in GAAP Statements   $ (16,666 )   $ (4,614 )   $ (12,052 )   $ (0.40 )     Restructuring Charges (1)     2,310       635       1,675       0.05       Acquisition Related Costs (2)     32,641       8,766       23,875       0.80       Adjusted Financial Measures   $ 18,285     $ 4,787     $ 13,498     $ 0.45                                 Residential   Agtech   Infrastructure   Corporate   Consolidated Operating Margin     7.2 %     6.0 %     19.3 %     n/a       (1.3 )% Restructuring Charges (1)     0.8 %     0.1 %     — %     n/a       0.6 % Acquisition Related Costs (2)     3.0 %     0.3 %     — %     n/a       9.2 % Adjusted Operating Margin     11.0 %     6.3 %     19.3 %     n/a       8.6 %                       Income from Operations   $ 20,246     $ 3,327     $ 3,717     $ (31,746 )   $ (4,456 ) Restructuring Charges (1)     2,239       55       —       16       2,310   Acquisition Related Costs (2)     8,528       149       —       24,068       32,745   Adjusted Income from Operations   $ 31,013     $ 3,531     $ 3,717     $ (7,662 )   $ 30,599                         Net Sales   $ 281,435     $ 55,630     $ 19,222     $ —     $ 356,287                         (1) Comprised primarily of exit activities costs (2) Represents acquisition related expenses including due diligence and integration costs of recent business combinations   GIBRALTAR INDUSTRIES, INC. Reconciliation of GAAP and Adjusted Financial Measures (in thousands, except per share data) (unaudited) Three Months Ended March 31, 2025     Income before taxes   Provision for income taxes   Net income from continuing operations   Net income from continuing operations per share - diluted         As Previously Reported in GAAP Statements   $ 27,053     $ 5,934     $ 21,119     $ 0.69           Discontinued Operations (1)     3,163       1,167       1,996       0.07           As Reported in GAAP Statements   $ 30,216     $ 7,101     $ 23,115     $ 0.76           Restructuring Charges (2)     1,236       300       936       0.03           Acquisition Related Costs (3)     4,255       998       3,257       0.11           Adjusted Financial Measures Recast   $ 35,707     $ 8,399     $ 27,308     $ 0.90                                         Residential   Agtech   Renewables   Infrastructure   Corporate   Consolidated Operating Margin Previously Reported     17.4 %     7.5 %     (7.2 )%     24.7 %     n/a       8.8 % Discontinued Operations (1)             n/a           n/a       Operating Margin as Reported in GAAP Statements     17.4 %     7.5 %     n/a       24.7 %     n/a       11.6 % Restructuring Charges (2)     0.6 %     0.2 %     n/a       — %     n/a       0.5 % Acquisition Related Costs (3)     — %     3.2 %     n/a       — %     n/a       1.7 % Adjusted Operating Margin Recast     18.0 %     10.8 %     n/a       24.7 %     n/a       13.9 %                           Income from Operations Previously Reported   $ 31,260     $ 3,385     $ (3,145 )   $ 5,258     $ (11,248 )   $ 25,510   Discontinued Operations (1)     —       —       3,145       —       —       3,145   Income from Operations as Reported in GAAP Statements   $ 31,260     $ 3,385     $ —     $ 5,258     $ (11,248 )   $ 28,655   Restructuring Charges (2)     1,137       68       —       —       31       1,236   Acquisition Related Costs (3)     —       1,419       —       —       2,847       4,266   Adjusted Income from Operations Recast   $ 32,397     $ 4,872     $ —     $ 5,258     $ (8,370 )   $ 34,157                             Net Sales Previously Reported   $ 179,994     $ 45,040     $ 43,658     $ 21,323     $ —     $ 290,015   Discontinued Operations (1)     —       —       (43,658 )     —       —       (43,658 ) Net Sales as Reported in GAAP Statements   $ 179,994     $ 45,040     $ —     $ 21,323     $ —     $ 246,357                             (1) Represents the results generated by the Company's Renewables business classified as Discontinued Operations in 2025 (2) Comprised primarily of exit activities costs (3) Represents acquisition-related expenses, including due diligence and integration costs of recent business combinations   GIBRALTAR INDUSTRIES, INC. Reconciliation of GAAP and Adjusted Financial Measures (in thousands, except per share data) (unaudited) Year Ended December 31, 2025       Income before taxes   Provision for income taxes   Net income from continuing operations   Net income from continuing operations per share - diluted     As Reported in GAAP Statements   $ 126,576     $ 29,020     $ 97,556     $ 3.25       Restructuring Charges (1)     8,318       1,988       6,330       0.22       Acquisition Related Costs (2) (3)     17,544       3,836       13,708       0.45       Adjusted Financial Measures   $ 152,438     $ 34,844     $ 117,594     $ 3.92                                 Residential   Agtech   Infrastructure   Corporate   Consolidated Operating Margin     16.6 %     4.5 %     23.9 %     n/a       10.8 % Restructuring Charges (1)     0.9 %     0.6 %     — %     n/a       0.7 % Acquisition Related Costs (2)     — %     2.1 %     — %     n/a       1.6 % Adjusted Operating Margin     17.6 %     7.1 %     23.9 %     n/a       13.3 %                       Income from Operations   $ 137,195     $ 9,804     $ 22,042     $ (46,290 )   $ 122,751   Restructuring Charges (1)     7,034       1,253       —       31       8,318   Acquisition Related Costs (2)     669       4,580       —       14,521       19,770   Adjusted Income from Operations   $ 144,898     $ 15,637     $ 22,042     $ (31,738 )   $ 150,839                         Net Sales   $ 824,079     $ 219,301     $ 92,121     $ —     $ 1,135,501                         (1) Comprised primarily of exit activities costs   (2) Represents acquisition related expenses including due diligence and integration costs of recent business combinations   (3) Includes one-time gain of $2.2M from an acquisition-related item     GIBRALTAR INDUSTRIES, INC. Reconciliation of Adjusted Financial Measures (in thousands) (unaudited)   Three Months Ended March 31, 2026     Consolidated   Residential   Agtech   Infrastructure                   Net Sales   $ 356,287     $ 281,435     $ 55,630     $ 19,222                     Net Loss from Continuing Operations     (12,052 )             Benefit of Income Taxes     (4,614 )             Interest Expense     13,024               Other Income     (814 )             Operating Profit     (4,456 )     20,246       3,327       3,717   Adjusted Measures*     35,055       10,767       204       —   Adjusted Operating Profit     30,599       31,013       3,531       3,717   Adjusted Operating Margin     8.6 %     11.0 %     6.3 %     19.3 % Adjusted Other Income     (668 )     —       —       —   Depreciation & Amortization     15,903       12,129       2,088       713   Stock Compensation Expense     1,859       647       208       55   Adjusted EBITDA   $ 49,029     $ 43,789     $ 5,827     $ 4,485                     Adjusted EBITDA Margin     13.8 %     15.6 %     10.5 %     23.3 %                   Cash Flow - Operating Activities     (34,553 )             Purchase of PPE, Net     (5,997 )             Free Cash Flow     (40,550 )             Free Cash Flow - % of Net Sales     (11.4 )%               *Adjusted Measures details are presented on the corresponding Reconciliation of GAAP and Adjusted Financial Measures   GIBRALTAR INDUSTRIES, INC. Reconciliation of Adjusted Financial Measures (in thousands) (unaudited) Three Months Ended March 31, 2025     Consolidated   Residential   Agtech   Infrastructure                   Net Sales Recast*   $ 246,357     $ 179,994     $ 45,040     $ 21,323                     Net Income from Continuing Operations     23,115               Provision for Income Taxes     7,101               Interest Income     (1,637 )             Other Expense     76               Operating Profit     28,655       31,260       3,385       5,258   Adjusted Measures*     5,502       1,137       1,487       —   Adjusted Operating Profit     34,157       32,397       4,872       5,258   Adjusted Operating Margin     13.9 %     18.0 %     10.8 %     24.7 % Adjusted Other Expense     87       —       —       —   Adjusted Depreciation & Amortization (1)     5,387       2,527       1,341       701   Adjusted Stock Compensation Expense (2)     2,778       452       135       63   Adjusted EBITDA Recast**   $ 42,235     $ 35,376     $ 6,348     $ 6,022                     Adjusted EBITDA Margin Recast**     17.1 %     19.7 %     14.1 %     28.2 %                   Adjusted EBITDA Previously Reported   $ 46,174     $ 35,376     $ 6,348     $ 6,022   Adjusted EBITDA Margin Previously Reported     15.9 %     19.7 %     14.1 %     28.2 %                   Cash Flow - Operating Activities     5,085               Purchase of PPE, Net     (10,757 )             Free Cash Flow     (5,672 )             Free Cash Flow - % of Net Sales     (2.3 )%               *Details for the classification of the Company's Renewables business as Discontinued Operations are presented on corresponding Reconciliation of GAAP and Adjusted Financial Measures **Recast for the classification of the Company's Renewables business as Discontinued Operations (1) Recast Depreciation & Amortization for impact of ($2.280M) from classification of Renewables business as Discontinued Operations (2) Recast Stock Compensation Expense for impact of ($211k) from classification of Renewables business as Discontinued Operations   GIBRALTAR INDUSTRIES, INC. Reconciliation of Adjusted Financial Measures (in thousands) (unaudited)   Year Ended December 31, 2025     Consolidated   Residential   Agtech   Infrastructure                   Net Sales   $ 1,135,501     $ 824,079     $ 219,301     $ 92,121                     Net Income from Continuing Operations     97,556               Provision for Income Taxes     29,020               Interest Income     (1,747 )             Other Income     (2,078 )             Operating Profit     122,751       137,195       9,804       22,042   Adjusted Measures*     28,088       7,703       5,833       —   Adjusted Operating Profit     150,839       144,898       15,637       22,042   Adjusted Operating Margin     13.3 %     17.6 %     7.1 %     23.9 % Adjusted Other Expense     148       —       —       —   Depreciation & Amortization     29,849       13,351       10,368       2,845   Less: Acquisition-related amortization     (3,500 )     —       (3,500 )     —   Adjusted Depreciation & Amortization     26,349       13,351       6,868       2,845   Stock Compensation Expense     8,339       2,591       729       274   Less: SLT Related Stock Compensation Expense     (82 )     —       —       —   Adjusted Stock Compensation Expense     8,257       2,591       729       274   Adjusted EBITDA   $ 185,297     $ 160,840     $ 23,234     $ 25,161                     Adjusted EBITDA Margin     16.3 %     19.5 %     10.6 %     27.3 %                   Cash Flow - Operating Activities     137,107               Purchase of PPE, Net     (46,130 )             Free Cash Flow     90,977               Free Cash Flow - % of Net Sales     8.0 %               *Adjusted Measures details are presented on the corresponding Reconciliation of GAAP and Adjusted Financial Measures   View source version on businesswire.com: https://www.businesswire.com/news/home/20260507923853/en/ Alliance Advisors Investor Relations
Jody Burfening/Carolyn Capaccio
(212) 838-3777
rock@allianceadvisors.com Original: Gibraltar Reports First Quarter 2026 Results

Gibraltar to Attend March Investor ConferencesMarch 11, 2026 7:30 AM
Business Wire
Gibraltar Industries, Inc. (Nasdaq: ROCK), a leading manufacturer and provider of products and services for the residential, agtech, and infrastructure markets, today announced that Chairman and Chief Executive Officer Bill Bosway and Chief Financial Officer Joe Lovechio are scheduled to meet with investors at the following March 2026 investor conferences:



Wednesday, March 18, 11:30a.m. ET – Sidoti Small Cap Conference




Monday, March 23 – 38th Annual Roth Conference



The link to the live webcast of the Company’s Sidoti presentation will be available by visiting Gibraltar’s website at https://ir.gibraltar1.com/reports-presentations.


ABOUT GIBRALTAR


Gibraltar is a leading manufacturer and provider of products and services for the residential, agtech, and infrastructure markets. Gibraltar’s mission, to make life better for people and the planet, is fueled by advancing the disciplines of engineering, science, and technology. Gibraltar is innovating to reshape critical markets in comfortable living and productive growing throughout North America. For more please visit www.gibraltar1.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260311724638/en/
Alliance Advisors IR

Jody Burfening/Carolyn Capaccio

(212) 838-3777

rock@allianceadvisors.com


Original: Gibraltar to Attend March Investor Conferences

Gibraltar Reports Fourth Quarter and Full Year 2025 Results and Issues Full Year 2026 GuidanceFebruary 26, 2026 7:30 AM
Business Wire
Results from Continuing Operations in Line with Previously Announced Range

2026 Guidance Includes OmniMax International


Gibraltar Industries, Inc. (Nasdaq: ROCK), a leading manufacturer and provider of products and services for the residential, agtech, and infrastructure markets, today reported its financial results for the three and twelve-month period ended December 31, 2025.


As a reminder, on June 30, 2025, Gibraltar announced that it has reclassified its Renewables business as discontinued operations to focus its asset portfolio and resources on its building products and structures businesses – namely the residential, agtech and infrastructure segments.


“Fourth quarter results were in line with our previously announced range with net sales up 16%, adjusted EBITDA and adjusted EPS down 8% and 15% respectively, operating cash flow of $32 million, and an ending cash balance of $116 million.” stated Chairman and CEO Bill Bosway. “For the year, net sales were up 11%, adjusted EBITDA up 4%, and adjusted EPS up 3%.”


Fourth Quarter and Full Year 2025 Results from Continuing Operations




($Millions, except EPS)








Three Months Ended December 31,








Twelve Months Ended December 31,








 






2025






 






2024






 






Change






 






 






2025






 






2024






 






Change








Net Sales






$268.7






 






$231.6






 






16.0%






 






 






$1,135.5






 






$1,023.4






 






11.0%








Adjusted EBITDA






$36.6






 






$39.6






 






(7.6)%






 






 






$185.3






 






$177.5






 






4.4%








Net Income






$11.8






 






$47.3






 






(75.1)%






 






 






$97.6






 






$135.0






 






(27.7)%








Adj Net Income






$22.7






 






$27.5






 






(17.5)%






 






 






$117.6






 






$117.4






 






0.2%








GAAP EPS – Diluted






$0.40






 






$1.54






 






(74.0)%






 






 






$3.25






 






$4.39






 






(26.0)%








Adj EPS - Diluted






$0.76






 






$0.89






 






(14.6)%






 






 






$3.92






 






$3.82






 






2.6%







Net sales in the quarter were driven by metal roofing and structures acquisitions offset by a soft end market, channel inventory rightsizing, and timing of price/cost alignment actions in the building accessories business. Lower new construction starts impacted the mail and package business, and Agtech volume from a large project shifted into 2026. Consolidated bookings continued to be strong in the quarter with backlog up 102% over prior year.


GAAP net income decreased 75.1% to $11.8 million related to a $25.3 million prior-year gain on the sale of the residential electronic locker business, and $10.0 million of acquisition costs during the quarter; adjusted net income decreased 17.5% to $22.7 million, driven by business and product mix in Residential, lower volume in Agtech, and lower interest income.


Adjusted measures are further described in the appended reconciliation of adjusted financial measures.


Fourth Quarter Segment Results


Residential




($Millions) Three Months Ended December 31,








 






2025

GAAP







2024

GAAP







Change








2025

Adjusted







2024

Adjusted







Change








Net Sales






$183.5







$170.7







7.5%








$183.5







$168.5







8.9%








Operating Income






$21.9







$29.1







(24.7)%








$25.6







$ 29.0







(11.7)%








Operating Margin






11.9%







17.0%







(510) bps








14.0%







17.2%







(320) bps








EBITDA






N/A







N/A







N/A








$29.9







$32.1







(6.9)%








EBITDA Margin






N/A







N/A







N/A








16.3%







19.1%







(280) bps







Adjusted net sales increased 8.9% with strength in metal roofing sales. Building accessories product sales were down 2.7%, impacted by a slow end market, a significant reduction in channel inventory, and timing of price/cost alignment actions. Mail and package product sales were down 9.8% driven by ongoing slowness in single and multi-family new construction starts. Accounting for the sale of Package Concierge in 2024, mail and package product sales were down 6.4% in the quarter. Metal roofing performed well in the quarter, with acquisitions tracking to plan, driving overall segment growth.


Operating margin was driven mainly by deleveraging on lower volumes and price/cost alignment in building accessories, additional lower volume in mail and package, overall business and product mix, and accelerating integration investments across the metal roofing business.


Agtech




($Millions) Three Months Ended December 31,








 







2025

GAAP






 






2024

GAAP






 






Change






 






 






2025

Adjusted






 






2024

Adjusted






 






Change








Net Sales







$62.6






 






$42.7






 






46.6%






 






 






$62.6






 






$42.7






 






46.6%








Operating Income







$3.7






 






$2.3






 






60.9%






 






 






$4.4






 






$8.3






 






(47.0)%








Operating Margin







6.0%






 






5.4%






 






60 bps






 






 






7.1%






 






19.4%






 






NMF








EBITDA







N/A






 






N/A






 






N/A






 






 






$6.3






 






$9.1






 






(30.8)%








EBITDA Margin







N/A






 






N/A






 






N/A






 






 






10.1%






 






21.4%






 






NMF







Net sales increased 46.6% driven by the acquisition of Lane Supply offset by an ongoing funding delay of a large Produce project in the U.S. which subsequently moved into 2026; as a result, organic volume decreased approximately $8 million in the quarter. Customer growing capacity expansion plans helped increase total backlog 239% and organic backlog 187%.


Adjusted operating margin contraction was driven by unplanned lower volume in the quarter and a prior-year benefit of a past-due customer payment.


Infrastructure




($Millions) Three Months Ended December 31,








 







2025

GAAP






 






2024

GAAP






 






Change






 






 






2025

Adjusted






 






2024

Adjusted






 






Change








Net Sales







$22.5






 






$18.1






 






24.3%






 






 






$22.5






 






$18.1






 






24.3%








Operating Income







$5.0






 






$3.7






 






35.1%






 






 






$5.0






 






$3.7






 






35.1%








Operating Margin







22.0%






 






20.4%






 






160 bps






 






 






22.0%






 






20.4%






 






160 bps








EBITDA







N/A






 






N/A






 






N/A






 






 






$5.8






 






$4.5






 






28.9%








EBITDA Margin







N/A






 






N/A






 






N/A






 






 






25.5%






 






24.8%






 






70 bps







Net sales grew 24.3% with backlog down 4% driven by timing of project awards. Engineering backlog and quoting / bid activity remains strong and is expected to drive future order bookings and order backlog in 2026.


Operating margin was driven by 80/20 initiatives, volume, mix, and the accelerating ramp up of the new steel shape supplier.


2026 Outlook for Continuing Operations


“With the addition of OmniMax International, which closed on February 2, 2026, we anticipate that our Residential business will represent approximately 80% of Gibraltar’s overall business in 2026, and we start the year in a stronger position to support customers and outperform in a market that continues to be relatively soft. Channel inventory appears to be better aligned with demand, but we expect customers to continue to manage inventory and execute less restocking than typical in the first quarter 2026. As a result, we have taken a conservative view of our Residential business’ organic growth in establishing our guidance for Gibraltar going into the year.”


Mr. Bosway continued, “We are very excited to have OmniMax join forces with Gibraltar. As expected, OmniMax delivered good full year 2025 results in both revenue and adjusted EBITDA. The leadership team is in place and the Integration Management Office (IMO), our outside advisory team, and our 20 workstream teams are also in place and finalizing improvement plans, identifying additional synergy opportunities, and starting implementation of our highest priority initiatives.”


Mr. Bosway added, “Our Agtech business is in position to deliver a solid year – backlog remains robust, design and bid activity are very active, and we expect development plans of additional acreage to continue this momentum. We also expect our Infrastructure business to deliver another good year as the engineering backlog and bid activity continues to grow during the year.”


2026 Guidance


Consolidated net sales are expected to range between $1.76 billion and $1.83 billion. This compares to net sales of $1.14 billion in 2025. Adjusted EBITDA margin is expected to range between 17.6% and 17.8%, compared to 16.3% for 2025. GAAP EPS is expected to range between $2.40 and $2.80, compared to $3.25 in 2025. Adjusted EPS is expected to range between $3.65 and $4.05, compared to $3.92 in 2025.


Fourth Quarter 2025 Conference Call Details


Gibraltar will host a conference call today starting at 9:00 a.m. ET to review its results for the fourth quarter of 2025. Interested parties may access the webcast through the Investors section of the Company’s website at www.gibraltar1.com, where related presentation materials will also be posted prior to the conference call. The call also may be accessed by dialing (877) 407-3088 or (201) 389-0927. For interested individuals unable to join the live conference call, a webcast replay will be available on the Company’s website for one year.


About Gibraltar


Gibraltar is a leading manufacturer and provider of products and services for the residential, agtech, and infrastructure markets. Gibraltar’s mission, to make life better for people and the planet, is fueled by advancing the disciplines of engineering, science, and technology. Gibraltar is innovating to reshape critical markets in comfortable living and productive growing throughout North America. For more please visit www.gibraltar1.com.


Forward-Looking Statements


Certain information set forth in this news release, other than historical statements, contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that are based, in whole or in part, on current expectations, estimates, forecasts, and projections about the Company’s business, and management’s beliefs about future operations, results, and financial position. These statements are not guarantees of future performance and are subject to a number of risk factors, uncertainties, and assumptions. Actual events, performance, or results could differ materially from the anticipated events, performance, or results expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from current expectations include, among other things, the ability of Gibraltar to successfully integrate OmniMax and/or to achieve expected cost and operational synergies from the OmniMax transaction; tariffs and retaliatory tariffs imposed by the United States or other countries on imported goods, including raw materials used in the manufacturing of the Company’s products; changes to economic conditions and customer demand for the Company’s products; the availability and pricing of principal raw materials and component parts, supply chain challenges causing project delays and field operations inefficiencies and disruptions, the loss of any key customers, adverse effects of inflation, the ability to continue to improve operating margins, the ability to generate order flow and sales and increase backlog; the ability to translate backlog into net sales, other general economic conditions and conditions in the particular markets in which we operate, changes in spending due to laws and government incentives, such as the Infrastructure Investment and Jobs Act, changes in customer demand and capital spending, competitive factors and pricing pressures, the ability to develop and launch new products in a cost-effective manner, the ability to realize synergies from newly acquired businesses, disruptions to IT systems, the impact of trade and regulation, rebates, credits and incentives and variations in government spending and ability to derive expected benefits from restructuring, productivity initiatives, liquidity enhancing actions, and other cost reduction actions. Before making any investment decisions regarding the company, we strongly advise you to read the section entitled “Risk Factors” in the most recent annual report on Form 10-K which can be accessed under the “SEC Filings” link of the “Investor Info” page of the website at www.Gibraltar1.com. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable law or regulation.


Adjusted Financial Measures


To supplement Gibraltar’s consolidated financial statements presented on a GAAP basis, Gibraltar also presented certain adjusted financial measures in this news release and its quarterly conference call, including adjusted net sales, adjusted operating income and margin, adjusted net income, adjusted earnings per share (EPS), free cash flow and adjusted earnings before interest, taxes, depreciation and amortization (Adjusted EBITDA), each a non-GAAP financial measure. Unless otherwise indicated, the consolidated financial statements, disclosures and related information disclosed herein relate to the Company's continuing operations, which exclude its Renewables business which was classified as a discontinued operation as of June 30, 2025. The Company has recast prior period amounts to reflect discontinued operations. Adjusted net sales reflects the removal of net sales associated with the residential electronic locker business, which was sold on December 17, 2024. Adjusted net income, operating income and margin exclude special charges consisting of restructuring costs (primarily comprised of exit activities costs and impairment of both tangible and intangible assets associated with 80/20 simplification, lean initiatives and / or discontinued products), senior leadership transition costs (associated with new and / or terminated senior executive roles), acquisition related costs (legal and consulting fees, and integration costs for recent business acquisitions), and portfolio management (which includes the gain on sale of and operating results generated by the residential electronic locker business sold in 2024). These special charges are excluded since they may not be considered directly related to the Company’s ongoing business operations. The aforementioned exclusions along with other adjustments to other income below operating profit are excluded from adjusted EPS. Adjusted EBITDA further excludes interest, taxes, depreciation, amortization and stock compensation expense. In evaluating its business, the Company considers and uses these non-GAAP financial measures as supplemental measures of its operating performance. Free cash flow is operating cash flow less capital expenditures and the related margin is free cash flow divided by net sales. The Company believes that the presentation of adjusted measures and free cash flow provides meaningful supplemental data to investors, as well as management, that are indicative of the Company’s core operating results and facilitates comparison of operating results across reporting periods as well as comparison with other companies. Adjusted EBITDA and free cash flow are also useful measures of the Company’s ability to service debt and adjusted EBITDA is one of the measures used for determining the Company’s debt covenant compliance.


Adjustments to the most directly comparable financial measures presented on a GAAP basis are quantified in the reconciliation of adjusted financial measures provided in the supplemental financial schedules that accompany this news release. These adjusted measures should not be viewed as a substitute for the Company’s GAAP results and may be different than adjusted measures used by other companies and the Company’s presentation of non-GAAP financial measures should not be construed as an inference that the Company’s future results will be unaffected by unusual or non-recurring items.


Reconciliations of non-GAAP measures related to full-year 2026 guidance have not been provided due to the unreasonable efforts it would take to provide such reconciliations due to the high variability, complexity and uncertainty with respect to forecasting and quantifying certain amounts that are necessary for such reconciliations.



 



GIBRALTAR INDUSTRIES, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share data)

(unaudited)










 





 



 






Three Months Ended

December 31,






 






Twelve Months Ended

December 31,








 






 






2025






 






 






 






2024






 






 






 






2025






 






 






 






2024






 








Net sales






$






268,688






 






 






$






231,593






 






 






$






1,135,501






 






 






$






1,023,359






 








Cost of sales






 






203,931






 






 






 






166,984






 






 






 






830,310






 






 






 






721,951






 








Gross profit






 






64,757






 






 






 






64,609






 






 






 






305,191






 






 






 






301,408






 








Selling, general, and administrative expense






 






50,109






 






 






 






33,022






 






 






 






182,440






 






 






 






155,734






 








Intangible asset impairment






 






—






 






 






 






6,000






 






 






 






—






 






 






 






6,000






 








Operating income






 






14,648






 






 






 






25,587






 






 






 






122,751






 






 






 






139,674






 








Interest income, net






 






(466






)






 






 






(1,995






)






 






 






(1,747






)






 






 






(6,171






)








Other income, net






 






(60






)






 






 






(25,378






)






 






 






(2,078






)






 






 






(25,142






)








Income before taxes from continuing operations






 






15,174






 






 






 






52,960






 






 






 






126,576






 






 






 






170,987






 








Provision for income taxes






 






3,376






 






 






 






5,666






 






 






 






29,020






 






 






 






35,943






 








Income from continuing operations






 






11,798






 






 






 






47,294






 






 






 






97,556






 






 






 






135,044






 








Discontinued operations:






 






 






 






 






 






 






 








(Loss) income before taxes from discontinued operations






 






(20,630






)






 






 






(1,633






)






 






 






(192,352






)






 






 






2,938






 








(Benefit of) provision for income taxes from discontinued operations






 






(6,383






)






 






 






(496






)






 






 






(50,408






)






 






 






642






 








(Loss) income from discontinued operations






 






(14,247






)






 






 






(1,137






)






 






 






(141,944






)






 






 






2,296






 








Net (loss) income






$






(2,449






)






 






$






46,157






 






 






$






(44,388






)






 






$






137,340






 








Net earnings per share – Basic:






 






 






 






 






 






 






 








Income from continuing operations






$






0.40






 






 






$






1.55






 






 






$






3.27






 






 






$






4.42






 








(Loss) income from discontinued operations






 






(0.48






)






 






 






(0.03






)






 






 






(4.75






)






 






 






0.08






 








Net (loss) income






$






(0.08






)






 






$






1.52






 






 






$






(1.48






)






 






$






4.50






 








Weighted average shares outstanding – Basic






 






29,744






 






 






 






30,464






 






 






 






29,875






 






 






 






30,538






 








Net earnings per share – Diluted:






 






 






 






 






 






 






 








Income from continuing operations






$






0.40






 






 






$






1.54






 






 






$






3.25






 






 






$






4.39






 








(Loss) income from discontinued operations






 






(0.48






)






 






 






(0.04






)






 






 






(4.73






)






 






 






0.07






 








Net (loss) income






$






(0.08






)






 






$






1.50






 






 






$






(1.48






)






 






$






4.46






 








Weighted average shares outstanding – Diluted






 






29,851






 






 






 






30,697






 






 






 






29,984






 






 






 






30,769






 






















 







GIBRALTAR INDUSTRIES, INC.

CONSOLIDATED BALANCE SHEETS

(in thousands, except per share data)










 





 



 






December 31,

2025






 






December 31,

2024








 






(unaudited)






 






 








Assets






 






 






 








Current assets:






 






 






 








Cash and cash equivalents






$






115,724






 






 






$






269,480






 








Trade receivables, net of allowance of $2,558 and $1,793, respectively






 






120,327






 






 






 






114,898






 








Costs in excess of billings, net






 






26,799






 






 






 






18,817






 








Inventories, net






 






116,770






 






 






 






93,271






 








Prepaid expenses and other current assets






 






56,904






 






 






 






22,326






 








Assets of discontinued operations






 






192,362






 






 






 






132,540






 








Total current assets






 






628,886






 






 






 






651,332






 








Property, plant, and equipment, net






 






130,456






 






 






 






87,079






 








Operating lease assets






 






55,355






 






 






 






41,558






 








Goodwill






 






415,032






 






 






 






323,189






 








Customer relationships, net






 






109,092






 






 






 






29,348






 








Other intangibles, net






 






34,464






 






 






 






26,072






 








Other assets






 






20,318






 






 






 






1,936






 








Assets of discontinued operations






 






—






 






 






 






258,896






 








 






$






1,393,603






 






 






$






1,419,410






 








Liabilities and Stockholders’ Equity






 






 






 








Current liabilities:






 






 






 








Accounts payable






$






108,216






 






 






$






90,705






 








Accrued expenses






 






155,807






 






 






 






65,905






 








Billings in excess of costs






 






8,879






 






 






 






14,769






 








Liabilities of discontinued operations






 






93,120






 






 






 






83,483






 








Total current liabilities






 






366,022






 






 






 






254,862






 








Deferred income taxes






 






5,116






 






 






 






56,655






 








Non-current operating lease liabilities






 






46,199






 






 






 






33,391






 








Other non-current liabilities






 






25,868






 






 






 






24,734






 








Liabilities of discontinued operations






 






—






 






 






 






1,734






 








Stockholders’ equity:






 






 






 








Preferred stock, $0.01 par value; authorized 10,000 shares; none outstanding






 






—






 






 






 






—






 








Common stock, $0.01 par value; authorized 100,000 shares; 34,482 and 34,313 shares issued and outstanding, respectively






 






345






 






 






 






343






 








Additional paid-in capital






 






353,018






 






 






 






343,583






 








Retained earnings






 






831,463






 






 






 






875,851






 








Accumulated other comprehensive loss






 






(3,683






)






 






 






(5,326






)








Treasury stock, at cost; 4,935 and 3,960 shares, respectively






 






(230,745






)






 






 






(166,417






)








Total stockholders’ equity






 






950,398






 






 






 






1,048,034






 








 






$






1,393,603






 






 






$






1,419,410






 












GIBRALTAR INDUSTRIES, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

(unaudited)








 



 



 






Twelve Months Ended

December 31,








 






 






2025






 






 






 






2024






 








Cash Flows from Operating Activities






 






 






 








Net (loss) income






$






(44,388






)






 






$






137,340






 








(Loss) income from discontinued operations






 






(141,944






)






 






 






2,296






 








Income from continuing operations






 






97,556






 






 






 






135,044






 








Adjustments to reconcile income from continuing operations to net cash provided by operating activities:






 






 






 








Depreciation and amortization






 






29,849






 






 






 






19,120






 








Intangible asset impairment






 






—






 






 






 






6,000






 








Stock compensation expense






 






8,339






 






 






 






10,045






 








Gain on sale of business






 






—






 






 






 






(25,265






)








Benefit of deferred income taxes






 






(1,971






)






 






 






(276






)








Other, net






 






2,365






 






 






 






4,422






 








Changes in operating assets and liabilities net of effects from acquisitions:






 






 






 








Trade receivables and costs in excess of billings






 






12,210






 






 






 






(2,731






)








Inventories






 






(4,933






)






 






 






1,828






 








Other current assets and other assets






 






516






 






 






 






(6,634






)








Accounts payable






 






7,197






 






 






 






28,419






 








Accrued expenses and other non-current liabilities






 






(14,021






)






 






 






(82






)








Net cash provided by operating activities of continuing operations






 






137,107






 






 






 






169,890






 








Net cash provided by operating activities of discontinued operations






 






29,894






 






 






 






4,374






 








Net cash provided by operating activities






 






167,001






 






 






 






174,264






 








Cash Flows from Investing Activities






 






 






 








Acquisitions, net of cash acquired






 






(210,650






)






 






 






—






 








Purchases of property, plant, and equipment, net






 






(46,130






)






 






 






(16,852






)








Net proceeds from sale of business






 






352






 






 






 






28,124






 








Net cash (used in) provided by investing activities of continuing operations






 






(256,428






)






 






 






11,272






 








Net cash used in investing activities of discontinued operations






 






(972






)






 






 






(2,728






)








Net cash (used in) provided by investing activities






 






(257,400






)






 






 






8,544






 








Cash Flows from Financing Activities






 






 






 








Purchase of common stock at market prices






 






(63,871






)






 






 






(12,189






)








Net proceeds from issuance of common stock






 






198






 






 






 






—






 








Net cash used in financing activities






 






(63,673






)






 






 






(12,189






)








Effect of exchange rate changes on cash






 






316






 






 






 






(565






)








Net (decrease) increase in cash and cash equivalents






 






(153,756






)






 






 






170,054






 








Cash and cash equivalents at beginning of year






 






269,480






 






 






 






99,426






 








Cash and cash equivalents at end of year






$






115,724






 






 






$






269,480






 














 







GIBRALTAR INDUSTRIES, INC.

Reconciliation of GAAP and Adjusted Financial Measures

(in thousands, except per share data)

(unaudited)










 



Three Months Ended December 31, 2025








 






 






Income before

taxes






 






Provision for

income taxes






 






Net income

from

continuing

operations






 






Net income

from

continuing

operations per

share - diluted






 






 








As Reported in GAAP Statements






 






$






15,174






 






 






$






3,376






 






 






$






11,798






 






 






$






0.40






 






 






 








Restructuring Charges (1)






 






 






4,203






 






 






 






1,208






 






 






 






2,995






 






 






 






0.10






 






 






 








Acquisition Related Costs (2)






 






 






10,064






 






 






 






2,164






 






 






 






7,900






 






 






 






0.26






 






 






 








Adjusted Financial Measures






 






$






29,441






 






 






$






6,748






 






 






$






22,693






 






 






$






0.76






 






 






 








 






 






 






 






 






 






 






 






 






 






 








 






 






Residential






 






Agtech






 






Infrastructure






 






Corporate






 






Consolidated








Operating Margin






 






 






11.9






%






 






 






6.0






%






 






 






22.0






%






 






 






n/a






 






 






 






5.5






%








Restructuring Charges (1)






 






 






1.9






%






 






 






1.1






%






 






 






—






%






 






 






n/a






 






 






 






1.6






%








Acquisition Related Costs (2)






 






 






0.2






%






 






 






—






%






 






 






—






%






 






 






n/a






 






 






 






3.8






%








Adjusted Operating Margin






 






 






14.0






%






 






 






7.1






%






 






 






22.0






%






 






 






n/a






 






 






 






10.8






%








 






 






 






 






 






 






 






 






 






 






 








Income from Operations






 






$






21,892






 






 






$






3,735






 






 






$






4,964






 






 






$






(15,943






)






 






$






14,648






 








Restructuring Charges (1)






 






 






3,522






 






 






 






681






 






 






 






—






 






 






 






—






 






 






 






4,203






 








Acquisition Related Costs (2)






 






 






194






 






 






 






5






 






 






 






—






 






 






 






10,036






 






 






 






10,235






 








Adjusted Income from Operations






 






$






25,608






 






 






$






4,421






 






 






$






4,964






 






 






$






(5,907






)






 






$






29,086






 








 






 






 






 






 






 






 






 






 






 






 








Net Sales (3)






 






$






183,541






 






 






$






62,604






 






 






$






22,543






 






 






$






—






 






 






$






268,688






 








 






 






 






 






 






 






 






 






 






 






 








(1) Comprised primarily of exit activities costs








(2) Represents acquisition related expenses including due diligence and integration costs of recent business combinations








(3) There were no Non-GAAP adjustments to Net Sales in 2025








 








 



GIBRALTAR INDUSTRIES, INC.

Reconciliation of GAAP and Adjusted Financial Measures

(in thousands, except per share data)

(unaudited)










 



Three Months Ended December 31, 2024








 






 






Income

before taxes






 






Provision for

income taxes






 






Net income

from

continuing

operations






 






Net income

from continuing

operations per

share - diluted






 






 






 






 








As Previously Reported in GAAP Statements






 






$






51,327






 






 






$






5,170






 






 






$






46,157






 






 






$






1.50






 






 






 






 






 








Discontinued Operations (1)






 






 






1,633






 






 






 






496






 






 






 






1,137






 






 






 






0.04






 






 






 






 






 








As Reported in GAAP Statements






 






$






52,960






 






 






$






5,666






 






 






$






47,294






 






 






$






1.54






 






 






 






 






 








Restructuring & Other Charges (2)






 






 






7,586






 






 






 






1,995






 






 






 






5,591






 






 






 






0.17






 






 






 






 






 








Portfolio Management (3)






 






 






(25,803






)






 






 






(373






)






 






 






(25,430






)






 






 






(0.82






)






 






 






 






 








Adjusted Financial Measures Recast






 






$






34,743






 






 






$






7,288






 






 






$






27,455






 






 






$






0.89






 






 






 






 






 








 






 






 






 






 






 






 






 






 






 






 






 






 








 






 






Residential






 






Agtech






 






Renewables






 






Infrastructure






 






Corporate






 






Consolidated








Operating Margin Previously Reported






 






 






17.0






%






 






 






5.4






%






 






 






(1.1






)%






 






 






20.4






%






 






 






n/a






 






 






 






8.2






%








Discontinued Operations (1)






 






 






 






 






 






 






n/a






 






 






 






 






 






n/a






 






 






 








Operating Margin as Reported in GAAP Statements






 






 






17.0






%






 






 






5.4






%






 






 






n/a






 






 






 






20.4






%






 






 






n/a






 






 






 






11.0






%








Restructuring & Other Charges (2)






 






 






0.3






%






 






 






14.0






%






 






 






n/a






 






 






 






—






%






 






 






n/a






 






 






 






3.3






%








Portfolio Management (3)






 






 






(0.3






)%






 






 






—






%






 






 






n/a






 






 






 






—






%






 






 






n/a






 






 






 






(0.2






)%








Adjusted Operating Margin Recast






 






 






17.2






%






 






 






19.4






%






 






 






n/a






 






 






 






20.4






%






 






 






n/a






 






 






 






14.3






%








 






 






 






 






 






 






 






 






 






 






 






 






 








Income from Operations Previously Reported






 






$






29,070






 






 






$






2,297






 






 






$






(767






)






 






$






3,690






 






 






$






(9,470






)






 






$






24,820






 








Discontinued Operations (1)






 






 






—






 






 






 






—






 






 






 






767






 






 






 






—






 






 






 






—






 






 






 






767






 








Income from Operations as Reported in GAAP Statements






 






$






29,070






 






 






$






2,297






 






 






$






—






 






 






$






3,690






 






 






$






(9,470






)






 






$






25,587






 








Restructuring & Other Charges (2)






 






 






427






 






 






 






6,000






 






 






 






—






 






 






 






—






 






 






 






1,211






 






 






 






7,638






 








Portfolio Management (3)






 






 






(538






)






 






 






—






 






 






 






—






 






 






 






—






 






 






 






—






 






 






 






(538






)








Adjusted Income from Operations Recast






 






$






28,959






 






 






$






8,297






 






 






$






—






 






 






$






3,690






 






 






$






(8,259






)






 






$






32,687






 








 






 






 






 






 






 






 






 






 






 






 






 






 








Net Sales & Adjusted Net Sales Previously Reported






 






$






170,729






 






 






$






42,749






 






 






$






70,464






 






 






$






18,115






 






 






$






—






 






 






$






302,057






 








Discontinued Operations (1)






 






 






—






 






 






 






—






 






 






 






(70,464






)






 






 






—






 






 






 






—






 






 






 






(70,464






)








Net Sales as Reported in GAAP Statements






 






$






170,729






 






 






$






42,749






 






 






$






—






 






 






$






18,115






 






 






$






—






 






 






$






231,593






 








Portfolio Management (3)






 






 






(2,268






)






 






 






—






 






 






 






—






 






 






 






—






 






 






 






—






 






 






 






(2,268






)








Adjusted Net Sales Recast






 






$






168,461






 






 






$






42,749






 






 






$






—






 






 






$






18,115






 






 






$






—






 






 






$






229,325






 








 






 






 






 






 






 






 






 






 






 






 






 






 








(1) Represents the results generated by the Company's Renewables business classified as Discontinued Operations in 2025








(2) Comprised primarily of exit activities costs, the write-off of indefinite-lived trademarks, senior leadership transition costs associated with changes in leadership positions, acquisition-related expenses including due diligence costs and portfolio management costs








(3) Represents the results generated by the Company's electronic locker business sold in 2024











 



GIBRALTAR INDUSTRIES, INC.

Reconciliation of GAAP and Adjusted Financial Measures

(in thousands, except per share data)

(unaudited)










 



Year Ended December 31, 2025








 






 






Income before

taxes






 






Provision for

income taxes






 






Net income

from

continuing

operations






 






Net income

from

continuing

operations per

share - diluted






 






 








As Reported in GAAP Statements






 






$






126,576






 






 






$






29,020






 






 






$






97,556






 






 






$






3.25






 






 






 








Restructuring Charges (1)






 






 






8,318






 






 






 






1,988






 






 






 






6,330






 






 






 






0.22






 






 






 








Acquisition Related Costs (2) (3)






 






 






17,544






 






 






 






3,836






 






 






 






13,708






 






 






 






0.45






 






 






 








Adjusted Financial Measures






 






$






152,438






 






 






$






34,844






 






 






$






117,594






 






 






$






3.92






 






 






 








 






 






 






 






 






 






 






 






 






 






 








 






 






Residential






 






Agtech






 






Infrastructure






 






Corporate






 






Consolidated








Operating Margin






 






 






16.6






%






 






 






4.5






%






 






 






23.9






%






 






 






n/a






 






 






 






10.8






%








Restructuring Charges (1)






 






 






0.9






%






 






 






0.6






%






 






 






—






%






 






 






n/a






 






 






 






0.7






%








Acquisition Related Costs (2)






 






 






—






%






 






 






2.1






%






 






 






—






%






 






 






n/a






 






 






 






1.6






%








Adjusted Operating Margin






 






 






17.6






%






 






 






7.1






%






 






 






23.9






%






 






 






n/a






 






 






 






13.3






%








 






 






 






 






 






 






 






 






 






 






 








Income from Operations






 






$






137,195






 






 






$






9,804






 






 






$






22,042






 






 






$






(46,290






)






 






$






122,751






 








Restructuring Charges (1)






 






 






7,034






 






 






 






1,253






 






 






 






—






 






 






 






31






 






 






 






8,318






 








Acquisition Related Costs (2)






 






 






669






 






 






 






4,580






 






 






 






—






 






 






 






14,521






 






 






 






19,770






 








Adjusted Income from Operations






 






$






144,898






 






 






$






15,637






 






 






$






22,042






 






 






$






(31,738






)






 






$






150,839






 








 






 






 






 






 






 






 






 






 






 






 








Net Sales (4)






 






$






824,079






 






 






$






219,301






 






 






$






92,121






 






 






$






—






 






 






$






1,135,501






 








 






 






 






 






 






 






 






 






 






 






 








(1) Comprised primarily of exit activities costs








(2) Represents acquisition related expenses including due diligence and integration costs of recent business combinations








(3) Includes one-time gain of $2.2M from an acquisition-related item








(4) There were no Non-GAAP adjustments to Net Sales in 2025











 



GIBRALTAR INDUSTRIES, INC.

Reconciliation of GAAP and Adjusted Financial Measures

(in thousands, except per share data)

(unaudited)










 



Year Ended December 31, 2024








 






 






Income

before taxes






 






Provision for

income taxes






 






Net income

from

continuing

operations






 






Net income

from continuing

operations per

share - diluted






 






 






 






 








As Previously Reported in GAAP Statements






 






$






173,925






 






 






$






36,585






 






 






$






137,340






 






 






$






4.46






 






 






 






 






 








Discontinued Operations (1)






 






 






(2,938






)






 






 






(642






)






 






 






(2,296






)






 






 






(0.07






)






 






 






 






 








As Reported in GAAP Statements






 






$






170,987






 






 






$






35,943






 






 






$






135,044






 






 






$






4.39






 






 






 






 






 








Restructuring & Other Charges (2)






 






 






9,919






 






 






 






1,965






 






 






 






7,954






 






 






 






0.26






 






 






 






 






 








Portfolio Management (3)






 






 






(26,005






)






 






 






(421






)






 






 






(25,584






)






 






 






(0.83






)






 






 






 






 








Adjusted Financial Measures Recast






 






$






154,901






 






 






$






37,487






 






 






$






117,414






 






 






$






3.82






 






 






 






 






 








 






 






 






 






 






 






 






 






 






 






 






 






 








 






 






Residential






 






Agtech






 






Renewables






 






Infrastructure






 






Corporate






 






Consolidated








Operating Margin Previously Reported






 






 






19.0






%






 






 






7.2






%






 






 






1.2






%






 






 






24.2






%






 






 






n/a






 






 






 






10.9






%








Discontinued Operations (1)






 






 






 






 






 






 






n/a






 






 






 






 






 






n/a






 






 






 








Operating Margin as Reported in GAAP Statements






 






 






19.0






%






 






 






7.2






%






 






 






n/a






 






 






 






24.2






%






 






 






n/a






 






 






 






13.6






%








Restructuring & Other Charges (2)






 






 






0.1






%






 






 






4.2






%






 






 






n/a






 






 






 






—






%






 






 






n/a






 






 






 






0.9






%








Portfolio Management (3)






 






 






(0.1






)%






 






 






—






%






 






 






n/a






 






 






 






—






%






 






 






n/a






 






 






 






(0.1






)%








Adjusted Operating Margin Recast






 






 






19.3






%






 






 






11.5






%






 






 






n/a






 






 






 






24.2






%






 






 






n/a






 






 






 






14.7






%








 






 






 






 






 






 






 






 






 






 






 






 






 








Income from Operations Previously Reported






 






$






148,784






 






 






$






11,040






 






 






$






3,349






 






 






$






21,295






 






 






$






(41,445






)






 






$






143,023






 








Discontinued Operations (1)






 






 






—






 






 






 






—






 






 






 






(3,349






)






 






 






—






 






 






 






—






 






 






 






(3,349






)








Income from Operations as Reported in GAAP Statements






 






$






148,784






 






 






$






11,040






 






 






$






—






 






 






$






21,295






 






 






$






(41,445






)






 






$






139,674






 








Restructuring & Other Charges (2)






 






 






801






 






 






 






6,477






 






 






 






—






 






 






 






—






 






 






 






2,290






 






 






 






9,568






 








Portfolio Management (3)






 






 






(740






)






 






 






—






 






 






 






—






 






 






 






—






 






 






 






—






 






 






 






(740






)








Adjusted Income from Operations Recast






 






$






148,845






 






 






$






17,517






 






 






$






—






 






 






$






21,295






 






 






$






(39,155






)






 






$






148,502






 








 






 






 






 






 






 






 






 






 






 






 






 






 








Net Sales & Adjusted Net Sales Previously Reported






 






$






782,519






 






 






$






152,811






 






 






$






285,405






 






 






$






88,029






 






 






$






—






 






 






$






1,308,764






 








Discontinued Operations (1)






 






 






—






 






 






 






—






 






 






 






(285,405






)






 






 






—






 






 






 






—






 






 






 






(285,405






)








Net Sales as Reported in GAAP Statements






 






$






782,519






 






 






$






152,811






 






 






$






—






 






 






$






88,029






 






 






$






—






 






 






$






1,023,359






 








Portfolio Management (3)






 






 






(10,379






)






 






 






—






 






 






 






—






 






 






 






—






 






 






 






—






 






 






 






(10,379






)








Adjusted Net Sales Recast






 






$






772,140






 






 






$






152,811






 






 






$






—






 






 






$






88,029






 






 






$






—






 






 






$






1,012,980






 








 






 






 






 






 






 






 






 






 






 






 






 






 








(1) Represents the results generated by the Company's Renewables business classified as Discontinued Operations in 2025








(2) Comprised primarily of exit activities costs, the write-off of indefinite-lived trademarks, senior leadership transition costs associated with changes in leadership positions, acquisition-related expenses including due diligence costs and portfolio management costs








(3) Represents the results generated by the Company's electronic locker business sold in 2024, including the ($25.3M) gain on sale of business











 



GIBRALTAR INDUSTRIES, INC.

Reconciliation of Adjusted Financial Measures

(in thousands)

(unaudited)










 



Three Months Ended December 31, 2025








 






 






Consolidated






 






Residential






 






Agtech






 






Infrastructure








 






 






 






 






 






 






 






 






 








Net Sales






 






$






268,688






 






 






$






183,541






 






 






$






62,604






 






 






$






22,543






 








 






 






 






 






 






 






 






 






 








Net Income from Continuing Operations






 






 






11,798






 






 






 






 






 






 






 








Provision for Income Taxes






 






 






3,376






 






 






 






 






 






 






 








Interest Income






 






 






(466






)






 






 






 






 






 






 








Other Income






 






 






(60






)






 






 






 






 






 






 








Operating Profit






 






 






14,648






 






 






 






21,892






 






 






 






3,735






 






 






 






4,964






 








Adjusted Measures*






 






 






14,438






 






 






 






3,716






 






 






 






686






 






 






 






—






 








Adjusted Operating Profit






 






 






29,086






 






 






 






25,608






 






 






 






4,421






 






 






 






4,964






 








Adjusted Operating Margin






 






 






10.8






%






 






 






14.0






%






 






 






7.1






%






 






 






22.0






%








Adjusted Other Expense






 






 






111






 






 






 






—






 






 






 






—






 






 






 






—






 








Depreciation & Amortization






 






 






6,748






 






 






 






3,488






 






 






 






1,713






 






 






 






719






 








Stock Compensation Expense






 






 






874






 






 






 






786






 






 






 






203






 






 






 






67






 








Adjusted EBITDA






 






$






36,597






 






 






$






29,882






 






 






$






6,337






 






 






$






5,750






 








 






 






 






 






 






 






 






 






 








Adjusted EBITDA Margin






 






 






13.6






%






 






 






16.3






%






 






 






10.1






%






 






 






25.5






%








 






 






 






 






 






 






 






 






 








Cash Flow - Operating Activities






 






 






31,727






 






 






 






 






 






 






 








Purchase of PPE, Net






 






 






(8,954






)






 






 






 






 






 






 








Free Cash Flow






 






 






22,773






 






 






 






 






 






 






 








Free Cash Flow - % of Adjusted Net Sales






 






 






8.5






%






 






 






 






 






 






 








 








*Adjusted Measures details are presented on the corresponding Reconciliation of GAAP and Adjusted Financial Measures











 



GIBRALTAR INDUSTRIES, INC.

Reconciliation of Adjusted Financial Measures

(in thousands)

(unaudited)










 



Three Months Ended December 31, 2024








 






 






Consolidated






 






Residential






 






Agtech






 






Infrastructure








 






 






 






 






 






 






 






 






 








Adjusted Net Sales Recast*






 






$






229,325






 






 






$






168,461






 






 






$






42,749






 






 






$






18,115






 








 






 






 






 






 






 






 






 






 








Net Income from Continuing Operations






 






 






47,294






 






 






 






 






 






 






 








Provision for Income Taxes






 






 






5,666






 






 






 






 






 






 






 








Interest Income






 






 






(1,995






)






 






 






 






 






 






 








Other Income






 






 






(25,378






)






 






 






 






 






 






 








Operating Profit






 






 






25,587






 






 






 






29,070






 






 






 






2,297






 






 






 






3,690






 








Adjusted Measures*






 






 






7,100






 






 






 






(111






)






 






 






6,000






 






 






 






—






 








Adjusted Operating Profit






 






 






32,687






 






 






 






28,959






 






 






 






8,297






 






 






 






3,690






 








Adjusted Operating Margin






 






 






14.3






%






 






 






17.2






%






 






 






19.4






%






 






 






20.4






%








Adjusted Other Income






 






 






(61






)






 






 






—






 






 






 






—






 






 






 






—






 








Adjusted Depreciation & Amortization (1)






 






 






4,897






 






 






 






2,735






 






 






 






745






 






 






 






736






 








Adjusted Stock Compensation Expense (2)






 






 






1,940






 






 






 






449






 






 






 






94






 






 






 






63






 








Adjusted EBITDA Recast**






 






$






39,585






 






 






$






32,143






 






 






$






9,136






 






 






$






4,489






 








 






 






 






 






 






 






 






 






 








Adjusted EBITDA Margin Recast**






 






 






17.3






%






 






 






19.1






%






 






 






21.4






%






 






 






24.8






%








 






 






 






 






 






 






 






 






 








Adjusted EBITDA Previously Reported






 






$






46,748






 






 






$






32,729






 






 






$






9,136






 






 






$






4,489






 








Adjusted EBITDA Margin Previously Reported






 






 






15.5






%






 






 






19.2






%






 






 






21.4






%






 






 






24.8






%








 






 






 






 






 






 






 






 






 








Cash Flow - Operating Activities






 






 






38,339






 






 






 






 






 






 






 








Purchase of PPE, Net






 






 






(5,346






)






 






 






 






 






 






 








Free Cash Flow






 






 






32,993






 






 






 






 






 






 






 








Free Cash Flow - % of Adjusted Net Sales






 






 






14.4






%






 






 






 






 






 






 








 








*Details for the classification of the Company's Renewables business as Discontinued Operations and the recast amounts for the sale of the electronic locker business within the Residential segment are presented on corresponding Reconciliation of GAAP and Adjusted Financial Measures








**Recast for the classification of the Company's Renewables business as Discontinued Operations and to exclude sale of electronic locker business within the Residential segment








(1) Recast Depreciation & Amortization for impact of ($2.140M) from classification of Renewables business as Discontinued Operations and ($38k) from sale of electronic locker business within the Residential segment








(2) Recast Stock Compensation Expense for impact of ($234k) from classification of Renewables business as Discontinued Operations and ($10k) from the sale of electronic locker business within the Residential segment











 



GIBRALTAR INDUSTRIES, INC.

Reconciliation of Adjusted Financial Measures

(in thousands)

(unaudited)










 



Year Ended December 31, 2025








 






 






Consolidated






 






Residential






 






Agtech






 






Infrastructure








 






 






 






 






 






 






 






 






 








Net Sales






 






$






1,135,501






 






 






$






824,079






 






 






$






219,301






 






 






$






92,121






 








 






 






 






 






 






 






 






 






 








Net Income from Continuing Operations






 






 






97,556






 






 






 






 






 






 






 








Provision for Income Taxes






 






 






29,020






 






 






 






 






 






 






 








Interest Income






 






 






(1,747






)






 






 






 






 






 






 








Other Income






 






 






(2,078






)






 






 






 






 






 






 








Operating Profit






 






 






122,751






 






 






 






137,195






 






 






 






9,804






 






 






 






22,042






 








Adjusted Measures*






 






 






28,088






 






 






 






7,703






 






 






 






5,833






 






 






 






—






 








Adjusted Operating Profit






 






 






150,839






 






 






 






144,898






 






 






 






15,637






 






 






 






22,042






 








Adjusted Operating Margin






 






 






13.3






%






 






 






17.6






%






 






 






7.1






%






 






 






23.9






%








Adjusted Other Expense






 






 






148






 






 






 






—






 






 






 






—






 






 






 






—






 








Depreciation & Amortization






 






 






29,849






 






 






 






13,351






 






 






 






10,368






 






 






 






2,845






 








Less: Acquisition-related amortization






 






 






(3,500






)






 






 






—






 






 






 






(3,500






)






 






 






—






 








Adjusted Depreciation & Amortization






 






 






26,349






 






 






 






13,351






 






 






 






6,868






 






 






 






2,845






 








Stock Compensation Expense






 






 






8,339






 






 






 






2,591






 






 






 






729






 






 






 






274






 








Less: SLT Related Stock Compensation Expense






 






 






(82






)






 






 






—






 






 






 






—






 






 






 






—






 








Adjusted Stock Compensation Expense






 






 






8,257






 






 






 






2,591






 






 






 






729






 






 






 






274






 








Adjusted EBITDA






 






$






185,297






 






 






$






160,840






 






 






$






23,234






 






 






$






25,161






 








 






 






 






 






 






 






 






 






 








Adjusted EBITDA Margin






 






 






16.3






%






 






 






19.5






%






 






 






10.6






%






 






 






27.3






%








 






 






 






 






 






 






 






 






 








Cash Flow - Operating Activities






 






 






137,107






 






 






 






 






 






 






 








Purchase of PPE, Net






 






 






(46,130






)






 






 






 






 






 






 








Free Cash Flow






 






 






90,977






 






 






 






 






 






 






 








Free Cash Flow - % of Adjusted Net Sales






 






 






8.0






%






 






 






 






 






 






 








 








*Adjusted Measures details are presented on the corresponding Reconciliation of GAAP and Adjusted Financial Measures











 



GIBRALTAR INDUSTRIES, INC.

Reconciliation of Adjusted Financial Measures

(in thousands)

(unaudited)










 



Year Ended December 31, 2024








 






 






Consolidated






 






Residential






 






Agtech






 






Infrastructure








 






 






 






 






 






 






 






 






 








Adjusted Net Sales Recast*






 






$






1,012,980






 






 






$






772,140






 






 






$






152,811






 






 






$






88,029






 








 






 






 






 






 






 






 






 






 








Net Income from Continuing Operations






 






 






135,044






 






 






 






 






 






 






 








Provision for Income Taxes






 






 






35,943






 






 






 






 






 






 






 








Interest Income






 






 






(6,171






)






 






 






 






 






 






 








Other Income






 






 






(25,142






)






 






 






 






 






 






 








Operating Profit






 






 






139,674






 






 






 






148,784






 






 






 






11,040






 






 






 






21,295






 








Adjusted Measures*






 






 






8,828






 






 






 






61






 






 






 






6,477






 






 






 






—






 








Adjusted Operating Profit






 






 






148,502






 






 






 






148,845






 






 






 






17,517






 






 






 






21,295






 








Adjusted Operating Margin






 






 






14.7






%






 






 






19.3






%






 






 






11.5






%






 






 






24.2






%








Adjusted Other Income






 






 






(228






)






 






 






—






 






 






 






—






 






 






 






—






 








Adjusted Depreciation & Amortization (1)






 






 






18,881






 






 






 






10,177






 






 






 






3,165






 






 






 






2,972






 








Adjusted Stock Compensation Expense (2)






 






 






9,839






 






 






 






1,746






 






 






 






377






 






 






 






244






 








Adjusted EBITDA Recast**






 






$






177,450






 






 






$






160,768






 






 






$






21,059






 






 






$






24,511






 








 






 






 






 






 






 






 






 






 








Adjusted EBITDA Margin Recast**






 






 






17.5






%






 






 






20.8






%






 






 






13.8






%






 






 






27.8






%








 






 






 






 






 






 






 






 






 








Adjusted EBITDA Previously Reported






 






$






204,909






 






 






$






161,801






 






 






$






21,059






 






 






$






24,511






 








Adjusted EBITDA Margin Previously Reported






 






 






15.7






%






 






 






20.7






%






 






 






13.8






%






 






 






27.8






%








 






 






 






 






 






 






 






 






 








Cash Flow - Operating Activities






 






 






169,890






 






 






 






 






 






 






 








Purchase of PPE, Net






 






 






(16,852






)






 






 






 






 






 






 








Free Cash Flow






 






 






153,038






 






 






 






 






 






 






 








Free Cash Flow - % of Adjusted Net Sales






 






 






15.1






%






 






 






 






 






 






 








 








*Details for the classification of the Company's Renewables business as Discontinued Operations and the recast amounts for the sale of the electronic locker business within the Residential segment are presented on corresponding Reconciliation of GAAP and Adjusted Financial Measures








**Recast for the classification of the Company's Renewables business as Discontinued Operations and to exclude sale of electronic locker business within the Residential segment








(1) Recast Depreciation & Amortization for impact of ($8.192M) from classification of Renewables business as Discontinued Operations and ($239k) from sale of electronic locker business within the Residential segment








(2) Recast Stock Compensation Expense for impact of ($918k) from classification of Renewables business as Discontinued Operations and ($54k) from the sale of electronic locker business within the Residential segment







 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260226115991/en/
Alliance Advisors Investor Relations

Jody Burfening/Carolyn Capaccio

(212) 838-3777

rock@allianceadvisors.com


Original: Gibraltar Reports Fourth Quarter and Full Year 2025 Results and Issues Full Year 2026 Guidance