Gibraltar Industries (ROCK) grows Q1 2026 sales 44% but posts net loss and higher debt
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Gibraltar Industries reported a first-quarter 2026 net loss but strong top-line growth as it absorbed the OmniMax acquisition. For the three months ended March 31, 2026, net sales from continuing operations rose to $356.3 million, up 44.6% from 2025, driven mainly by OmniMax and other recent acquisitions.
The company posted a net loss from continuing operations of $12.1 million, versus income of $23.1 million a year earlier, and a GAAP diluted loss per share of $0.40. Adjusted net income was $13.5 million, with adjusted diluted EPS of $0.45, down 50% year over year, reflecting higher interest expense and unfavorable aluminum price dynamics.
Residential segment net sales climbed to $281.4 million, including $89 million from OmniMax, but adjusted operating margin compressed to 11.0%. Agtech and Infrastructure also saw margin pressure amid project timing and weather-related shipment delays. Net debt stood at about $1.2 billion, and cash used in operating activities was $34.6 million.
The OmniMax integration is progressing, with over half of planned synergies executed and the 2026 synergy commitment raised to $26 million, of which $16 million is included in full-year 2026 adjusted EBITDA outlook. Gibraltar reaffirmed full-year 2026 guidance, targeting net sales of $1.76–$1.83 billion and adjusted EPS of $3.65–$4.05.
Positive
- Transformative growth and reaffirmed outlook: Net sales from continuing operations grew 44.6% to $356.3 million with the OmniMax acquisition, synergy targets were raised to $26 million (with $16 million in 2026 adjusted EBITDA), and full-year 2026 guidance for $1.76–$1.83 billion in sales and $3.65–$4.05 adjusted EPS was reaffirmed.
Negative
- Leverage and earnings pressure: Q1 2026 swung to a $12.1 million net loss from continuing operations, adjusted EPS fell 50% to $0.45, net cash from operating activities was negative $34.6 million, and long-term debt rose to $1.22 billion, materially increasing financial risk until integration benefits are realized.
Insights
Rapid growth from OmniMax comes with near-term margin and leverage pressure.
Gibraltar Industries delivered a sharp shift in scale in Q1 2026, with net sales from continuing operations rising 44.6% to $356.3 million, largely from the OmniMax and metal roofing deals. However, GAAP results swung to a net loss from continuing operations of $12.1 million, and adjusted EPS fell 50% to $0.45.
Integration and financing of OmniMax are the main drivers. Acquisition-related costs totaled $32.6 million pretax, and net interest expense rose by $14.6 million versus Q1 2025. Long-term debt reached $1.22 billion as of March 31, 2026, pushing net debt to about $1.2 billion, while cash from operations was negative.
Management reports over 500 integration milestones completed and has increased 2026 synergy targets to $26 million, expecting $16 million in adjusted EBITDA contribution for full-year 2026. The company reaffirmed 2026 guidance for net sales of $1.76–$1.83 billion and adjusted EBITDA of $310–$326 million, so future quarters will indicate whether synergy capture and price increases offset higher interest and input costs.
8-K Event Classification
2 items: 2.02, 9.01
2 items
Item 2.02
Results of Operations and Financial Condition
Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Q1 2026 Net Sales (continuing ops): $356.3 million
Q1 2026 Net Loss from Continuing Ops: $12.1 million
Q1 2026 Adjusted Diluted EPS: $0.45
+5 more
8 metrics
Q1 2026 Net Sales (continuing ops)
$356.3 million
Three months ended March 31, 2026; up 44.6% year over year
Q1 2026 Net Loss from Continuing Ops
$12.1 million
Three months ended March 31, 2026; versus $23.1 million income in 2025
Q1 2026 Adjusted Diluted EPS
$0.45
Down from $0.90 in Q1 2025, a 50.0% decline
2026 Net Sales Guidance
$1.76–$1.83 billion
Continuing operations full-year 2026 outlook, versus $1.14 billion in 2025
2026 Adjusted EBITDA Guidance
$310–$326 million
Full-year 2026 with 17.6–17.8% margin; 2025 adjusted EBITDA was $185.3 million
Long-Term Debt
$1.22 billion
As of March 31, 2026; up from $0 at December 31, 2025
OmniMax Synergy Commitment 2026
$26 million
Total 2026 synergy target, with $16 million in 2026 adjusted EBITDA
Operating Cash Flow Q1 2026
-$34.6 million
Net cash used in operating activities of continuing operations
Key Terms
Adjusted EBITDA, discontinued operations, synergy commitment, free cash flow, +2 more
6 terms
Adjusted EBITDA financial
"Adjusted EBITDA increased 16.1% while adjusted EPS was down 50% primarily driven by an increase in interest expense"
Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.
discontinued operations financial
"Gibraltar announced that it has reclassified its Renewables business as discontinued operations to focus its asset portfolio"
Discontinued operations are parts of a company that it has decided to sell or shut down, and no longer plans to run in the future. This matters to investors because it helps them understand which parts of the business are ongoing and which are being phased out, providing a clearer picture of the company’s current performance and future prospects. Think of it like a store closing a department—it no longer contributes to sales or profits.
synergy commitment financial
"We have raised our synergy commitment again, adding another $2 million for 2026 to a total of $26 million"
free cash flow financial
"Free Cash Flow was (40,550) and Free Cash Flow - % of Net Sales was (11.4) %"
Free cash flow is the amount of money a company has left over after paying all its expenses and investing in its business, like buying equipment or updating facilities. It shows how much cash is available to reward shareholders, pay down debt, or save for future growth. This helps investors understand if a company is financially healthy and able to grow.
Non-GAAP financial measures regulatory
"Gibraltar also presented certain adjusted financial measures in this news release, including adjusted net sales and other non-GAAP financial measures"
Non-GAAP financial measures are numbers companies use to show their financial performance that exclude certain expenses or income. They help investors see how the company might perform without one-time costs or other unusual items, giving a different perspective from official reports. However, since they can be adjusted, they don’t always tell the full story and should be looked at alongside standard financial figures.
forward-looking statements regulatory
"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"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Earnings Snapshot
Net Sales (continuing ops): $356.3 million · Guidance included
Q1 2026
Net Sales (continuing ops)
$356.3 million
+44.6% YoY
Net (Loss) from Continuing Ops
$12.1 million loss
vs. $23.1 million income prior year
Adjusted Net Income
$13.5 million
-50.5% YoY
GAAP Diluted EPS
-$0.40
vs. $0.76 prior year
Adjusted Diluted EPS
$0.45
-50.0% YoY
Guidance
For 2026, Gibraltar targets net sales of $1.76–$1.83 billion, adjusted EBITDA of $310–$326 million (17.6–17.8% margin), GAAP diluted EPS of $2.40–$2.80, and adjusted diluted EPS of $3.65–$4.05.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) May 7, 2026 (May 7, 2026)
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation ) | (Commission File Number) | (IRS Employer Identification No.) | ||||||||||||
(Address of principal executive offices) (Zip Code)
(716 ) 826-6500
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol | Name of each exchange on which registered | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 Results of Operations and Financial Condition
The following information is furnished pursuant to Item 2.02:
On May 7, 2026, Gibraltar Industries, Inc. (the “Company”) issued a news release and will hold a conference call regarding financial results for the three months ended March 31, 2026. A copy of the news release (the “Release”) is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.
The information in this Form 8-K under the caption Item 2.02, including the Release, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended (the “Securities Act”) or the Exchange Act, unless the Company specifically incorporates it by reference in a document filed under the Securities Act or the Exchange Act.
Item 9.01 Financial Statements and Exhibits
(a)-(c) Not Applicable
(d) Exhibits:
| Exhibit No. | Description | |||||||
99.1 | Earnings Release issued by Gibraltar Industries, Inc. on May 7, 2026 | |||||||
| 104 | Cover Page Interactive Data File (embedded with the Inline XBRL document) | |||||||
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
GIBRALTAR INDUSTRIES, INC. | ||||||||||||||
| Date: | May 7, 2026 | |||||||||||||
| By: | /s/ Joseph A. Lovechio | |||||||||||||
| Joseph A. Lovechio | ||||||||||||||
| Vice President and Chief Financial Officer | ||||||||||||||
3
Gibraltar Reports First Quarter 2026 Results
OmniMax integration accelerating
Raising 2026 synergy commitment to $26M, $16M included in FY 2026 EBITDA Outlook
Reaffirming full year 2026 guidance
Buffalo, New York, May 7, 2026 – 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.
Contact:
Alliance Advisors Investor Relations
Jody Burfening/Carolyn Capaccio
(212) 838-3777
rock@allianceadvisors.com
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 | ||||||||||||||||||||||||||
FAQ
How did Gibraltar Industries (ROCK) perform in Q1 2026?
Gibraltar posted strong sales growth but lower earnings. Net sales from continuing operations rose 44.6% to $356.3 million, while net loss from continuing operations was $12.1 million and adjusted diluted EPS fell to $0.45 from $0.90 a year earlier.
What impact did the OmniMax acquisition have on Gibraltar Industries’ Q1 2026 results?
OmniMax significantly boosted scale but pressured earnings. Residential segment net sales included $89 million from OmniMax, helping drive 44.6% overall sales growth, but acquisition-related pretax costs of $32.6 million and higher interest expense contributed to a net loss from continuing operations.
What is Gibraltar Industries’ 2026 guidance after Q1 2026?
Gibraltar reaffirmed its 2026 outlook. It targets net sales of $1.76–$1.83 billion, adjusted EBITDA of $310–$326 million with margins around 17.6–17.8%, GAAP diluted EPS of $2.40–$2.80, and adjusted diluted EPS of $3.65–$4.05 for the full year.
How leveraged is Gibraltar Industries after the OmniMax acquisition?
Leverage increased substantially with the acquisition. As of March 31, 2026, long-term debt was $1.22 billion and net debt was about $1.2 billion, compared with no long-term debt at December 31, 2025, while cash declined to $20.3 million from $115.7 million.
What were Gibraltar Industries’ segment results for Q1 2026?
Residential net sales reached $281.4 million with 11.0% adjusted operating margin, Agtech delivered $55.6 million with 6.3% adjusted margin, and Infrastructure generated $19.2 million with 19.3% adjusted margin, reflecting volume growth but notable margin compression versus 2025 across all segments.
How did discontinued operations affect Gibraltar Industries’ Q1 2026 net results?
Discontinued operations materially deepened the overall loss. Loss from discontinued operations was $55.4 million, turning consolidated net income of $21.1 million in Q1 2025 into a consolidated net loss of $67.5 million in Q1 2026, overshadowing continuing operations performance.