Gibraltar Reports Second Quarter 2026 Results (Form 8-K)

Gibraltar Reports Second Quarter 2026 Results

Continuing Operations Net Sales +65%; with Organic Growth +5% Driven By Residential

Continuing Operations EPS: GAAP $0.92, Adjusted $1.11

OmniMax integration on track; Reiterating full year 2026 guidance

Buffalo, New York, August 5, 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 and six-month period ended June 30, 2026.

As a reminder, Gibraltar reclassified its Renewables business as discontinued operations on June 30, 2025. Subsequently, the electrical balance-of-systems (eBOS) and racking and foundations businesses were sold on February 20, and July 15, 2026, respectively, completing Gibraltar's divestiture of Renewables.

"We delivered solid second quarter results with our Residential business driving good organic growth and participation gains in a flat-to-down market. Our building products business grew 12.7% organically - if you assume we owned OmniMax in Q2 2025, the combined business actually grew 15.5%, showing the strength of this combination in the marketplace. In line with our long-term strategic plan, our Residential business overall continues to become a larger part of our portfolio and represented 83% of total revenue in the quarter, with segment EBITDA margin improving sequentially 340 basis points to 19.0%. OmniMax integration continues to accelerate as our leadership team and integration management office drive our top 11 critical workstreams and synergy capture. We are also excited to announce we were recently awarded an additional 630 locations now making us the supplier of trims and flashings to more than 1,700 locations across the country for one of our customers - validating our ability to support our customers locally on a national basis with a value proposition that makes sense for them. We believe the addition of OmniMax to our product portfolio was instrumental in receiving this award," stated Chairman and CEO Bill Bosway.

"Including a full quarter of OmniMax, total Gibraltar net sales increased 64.6% on organic growth of 5%, adjusted EBITDA increased 59.7%, and we delivered adjusted EPS of $1.11. As expected, we generated cash in our continuing operations during the quarter."

Second Quarter 2026 Results from Continuing Operations

Three Months Ended June 30,
			2026			2025			Change
Net Sales			$509.5			$309.5			64.6%
Net Income			$27.3			$29.4			(7.1)%
Adjusted Net Income			$33.0			$33.6			(1.8)%
Adjusted EBITDA			$88.0			$55.1			59.7%
GAAP Earnings Per Share - Diluted			$0.92			$0.99			(7.1)%
Adjusted EPS - Diluted			$1.11			$1.13			(1.8)%

Net Sales

•Driven primarily by the OmniMax acquisition as well as by organic growth in Residential and Agtech segments

GAAP Income / EPS

•Includes pretax expenses of $5.8 million, or $0.15 per share, related to OmniMax acquisition integration and restructuring costs

Adjusted Net Income / EPS

•$33.0 million, or $1.11 per share, including the interest expense impact of $20.6 million

•Price management actions and participation gains offset ongoing commodity and fuel inflation primarily related to ongoing geopolitical issues

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

Second Quarter Segment Results

Residential

($Millions) Three Months Ended June 30,
			2026 GAAP			2025 GAAP			Change			2026 Adjusted			2025 Adjusted			Change
Net Sales			$425.9			$230.3			84.9%			$425.9			$230.3			84.9%
Operating Income			$60.5			$43.6			38.8%			$63.6			$45.0			41.3%
Operating Margin			14.2%			18.9%			(470) bps			14.9%			19.5%			(460) bps
EBITDA			N/A			N/A			N/A			$80.9			$48.8			65.8%
EBITDA Margin			N/A			N/A			N/A			19.0%			21.2%			(220) bps

Net Sales

•OmniMax and metal roofing acquisitions contributed $184 million offset by slowness in mail and package

•Building Products organic revenue increased 12.7% - if assumed OmniMax was owned in Q2 2025, the combined business grew 15.5%

•Driven by price/mix and participation gains that more than offset a flat-to-down market with new business in the Midwest, Northeast and Texas.

Operating Income / EBITDA

•Adjusted EBITDA margin expanded 340 basis points sequentially

•Executed price actions to offset ongoing commodity and fuel inflation

OmniMax Integration

•Integration management office executing 11 critical workstreams to drive integration and synergies

•Completed Phase 2 of organization optimization

•Raised synergy commitment an additional $3.2 million to $29.4 million with $17.0 million anticipated to be realized in full-year 2026

•Awarded national agreement to supply trims and flashings to over 600 locations - starting in Q4 - additional participation gains in Midwest, Northeast and Texas - demonstrating the power of a combined Gibraltar and OmniMax

Agtech

($Millions) Three Months Ended June 30,
			2026 GAAP			2025 GAAP			Change			2026 Adjusted			2025 Adjusted			Change
Net Sales			$58.8			$54.1			8.7%			$58.8			$54.1			8.7%
Operating Income			$5.9			$(0.5)			NMF			$5.9			$3.0			96.7%
Operating Margin			10.0%			(0.9)%			NMF			10.1%			5.6%			450 bps
EBITDA			N/A			N/A			N/A			$8.1			$5.1			58.8%
EBITDA Margin			N/A			N/A			N/A			13.8%			9.5%			430 bps

Net sales were driven by strength in structures and commercial greenhouse applications. Solid backlog of $66.2 million is down 34% with timing of projects later in the year compared to prior year. Strong quoting activity continues across end markets.

Adjusted operating and EBITDA margin driven by volume, business mix, and 80/20 operating initiatives.

Infrastructure

($Millions) Three Months Ended June 30,
			2026 GAAP			2025 GAAP			Change			2026 Adjusted			2025 Adjusted			Change
Net Sales			$24.9			$25.2			(1.2)%			$24.9			$25.2			(1.2)%
Operating Income			$5.8			$7.1			(18.3)%			$5.8			$7.1			(18.3)%
Operating Margin			23.5%			28.1%			(460) bps			23.5%			28.1%			(460) bps
EBITDA			N/A			N/A			N/A			$6.3			$7.9			(20.3)%
EBITDA Margin			N/A			N/A			N/A			25.4%			31.2%			(580) bps

Sales decreased $0.3 million related to customer project timing. Order backlog increased 2% with strong engineering bid / quoting activity. Margin was impacted by lower volume and product mix.

Balance Sheet and Cash Flow

Gibraltar's policy with respect to cash allocation will be to keep a minimum amount of cash on hand, use the revolver as needed to fund seasonal working capital and pay down debt with excess cash flow.

During the quarter, Gibraltar generated $44.5 million from continuing operations; discontinued operations used $40.8 million in cash. Net debt on the balance sheet was $1.2 billion and revolving credit facility availability was $470 million at quarter-end.

Reiterating 2026 Outlook Range for Continuing Operations

Mr. Bosway added, "Despite the impact of the current macroeconomic and geopolitical environment and a slow Residential end market, we reiterate our full year 2026 outlook. We will continue to execute our 11 integration workstreams, implement synergy initiatives, and focus on participation gains with customers in our Residential business as we drive towards Residential representing an even larger part of the portfolio. The additional business we were recently awarded in our Residential segment demonstrates the power of a combined Gibraltar and OmniMax in the marketplace. We also expect Agtech and Infrastructure to deliver their respective plans for the second half of the year."

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

Second 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 second 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 (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.