# EDGAR Filing Document

**Accession Number:** 0000912562
**File Stem:** 0000912562-25-000033
**Filing Date:** 2025-8
**Character Count:** 70476
**Document Hash:** b8d5325a89a9d41ad8e0e714667144e2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000912562-25-000033.hdr.sgml**: 20250806

**ACCESSION NUMBER**: 0000912562-25-000033

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20250806

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250806

**DATE AS OF CHANGE**: 20250806

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GIBRALTAR INDUSTRIES, INC.
- **CENTRAL INDEX KEY:** 0000912562
- **STANDARD INDUSTRIAL CLASSIFICATION:** STEEL WORKS, BLAST FURNACES & ROLLING & FINISHING MILLS [3310]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 161445150
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-22462
- **FILM NUMBER:** 251187472

**BUSINESS ADDRESS:**
- **STREET 1:** 3556 LAKE SHORE ROAD
- **STREET 2:** P O BOX 2028
- **CITY:** BUFFALO
- **STATE:** NY
- **ZIP:** 14219-0228
- **BUSINESS PHONE:** 7168266500

**MAIL ADDRESS:**
- **STREET 1:** GATEWAY EXECUTIVE PARK
- **STREET 2:** 3556 LAKE SHORE ROAD PO BOX 2028
- **CITY:** BUFFALO
- **STATE:** NY
- **ZIP:** 14219-0228

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GIBRALTAR STEEL CORP
- **DATE OF NAME CHANGE:** 19930924

?xml version='1.0' encoding='ASCII'? rock-20250806

**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) August 6, 2025 (August 6, 2025)**

**GIBRALTAR INDUSTRIES, INC.** 

(Exact name of registrant as specified in its charter)

Delaware 000-22462 16-1445150 <br> (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.)

3556 Lake Shore Road

P.O. Box 2028

Buffalo, New York 14219-0228

(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:

☐&nbsp;&nbsp;&nbsp;&nbsp; Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐&nbsp;&nbsp;&nbsp;&nbsp; Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐&nbsp;&nbsp;&nbsp;&nbsp; Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐&nbsp;&nbsp;&nbsp;&nbsp; Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol** | **Name of each exchange on which registered** |
| **Common Stock, $0.01 par value per share** | **ROCK** | **NASDAQ Stock Market** |

---

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 August 6, 2025, Gibraltar Industries, Inc. (the "Company") issued a news release and will hold a conference call regarding financial results for the three and six months ended June 30, 2025. A copy of the news release (the "Release") is furnished herewith as <u>[Exhibit 99.1](exhibit991q22025earningsre.htm)</u> 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&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits**

&nbsp;&nbsp;&nbsp;&nbsp;(a)-(c)&nbsp;&nbsp;&nbsp;&nbsp;Not Applicable

&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;Exhibits:

---

| | |
|:---|:---|
| <u>Exhibit No.</u> | <u>Description</u> |
| <u>[99.1](exhibit991q22025earningsre.htm)</u> | <u>[Earnings Release issued by Gibraltar Industries, Inc. on August 6, 2025](exhibit991q22025earningsre.htm)</u> |
| 104 | Cover Page Interactive Data File (embedded with the Inline XBRL document) |

---

------

**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.** | **GIBRALTAR INDUSTRIES, INC.** |
| Date: | August 6, 2025 |  |  |
|  |  | By: | /s/ Joseph A. Lovechio |
|  |  |  | Joseph A. Lovechio |
|  |  |  | Vice President and Chief Financial Officer |

---

## Exhibit 99.1

![gibraltar_wordmarkxbluexrgba.jpg](gibraltar_wordmarkxbluexrgba.jpg)

**GIBRALTAR ANNOUNCES SECOND QUARTER 2025 FINANCIAL RESULTS**

*Continuing Operations: Net Sales: GAAP +13%, Adjusted +14%; EPS: GAAP -2%, Adjusted +11%*

*Generated Operating Cash Flow of $44 Million*

*2025 Full Year Outlook on Track for a Solid Year of Improved Performance*

**Buffalo, New York, August 6, 2025** – 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 six-month period ended June 30, 2025.

"We executed well in the second quarter with adjusted net sales up 14% and adjusted EPS up 11%, and we generated $44 million of operating cash flow as we had strong performance from our recently acquired metal roofing and structures businesses and we delivered market participation gains in building accessories," stated Chairman and CEO Bill Bosway. "End market trends and demand remained consistent in Residential, and we were able to increase backlog 43% in our project-based businesses across our Agtech and Infrastructure segments. Based on our first half results, the current macro environment, and today's outlook across our end markets, we expect to deliver growth, solid margins, and strong cash flow in 2025 from continuing operations."

**Second Quarter 2025 Consolidated Results from Continuing Operations**

As reminder, on June 30, 2025, Gibraltar announced that its Board of Directors approved a plan to sell the Renewables business to focus Gibraltar's asset portfolio and resources on its building products and structures businesses – namely the residential, agtech and infrastructure segments.

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| *($Millions, except EPS)* Three Months Ended June 30, | *($Millions, except EPS)* Three Months Ended June 30, | *($Millions, except EPS)* Three Months Ended June 30, | *($Millions, except EPS)* Three Months Ended June 30, | *($Millions, except EPS)* Three Months Ended June 30, | *($Millions, except EPS)* Three Months Ended June 30, | *($Millions, except EPS)* Three Months Ended June 30, | *($Millions, except EPS)* Three Months Ended June 30, |
|  | <u>2025</u> | <u>2024</u> | <u>Change</u> |  | <u>2025</u> | <u>2024</u> | <u>Change</u> |
| Net Sales | $309.5 | $273.6 | 13.1% | Adjusted Net Sales | $309.5 | $270.8 | 14.3% |
| Net Income | $29.4 | $31.0 | (5.2)% | Adjusted Net Income | $33.6 | $31.4 | 7.0% |
| Diluted EPS | $0.99 | $1.01 | (2.0)% | Adjusted Diluted EPS | $1.13 | $1.02 | 10.8% |

---

------

![gibraltar_wordmarkxbluexrgba.jpg](gibraltar_wordmarkxbluexrgba.jpg)

Net sales were driven by strong performance from the metal roofing acquisitions and participation gains in the building accessories business, which offset market softness in the mail and package business related to lower single and multi-family new construction starts in the Residential segment. The Agtech segment was driven by the Lane Supply acquisition, offset by delays on three large project start dates pushing revenue from the first half of the year. Overall, bookings were strong in the quarter with backlog increasing 43% year-over-year.

GAAP net income decreased 5.2% to $29.4 million primarily related to acquisition integration-related costs. Adjusted net income increased 7.0% to $33.6 million, or $1.13 per share.

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

***Second Quarter Segment Results***

***<u>Residential</u>***

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| *($Millions)* Three Months Ended June 30, | *($Millions)* Three Months Ended June 30, | *($Millions)* Three Months Ended June 30, | *($Millions)* Three Months Ended June 30, | *($Millions)* Three Months Ended June 30, | *($Millions)* Three Months Ended June 30, | *($Millions)* Three Months Ended June 30, | *($Millions)* Three Months Ended June 30, |
|  | <u>2025</u> | <u>2024</u> | <u>Change</u> |  | <u>2025</u> | <u>2024</u> | <u>Change</u> |
| Net Sales | $230.3  | $214.3 | 7.5% | Adjusted Net Sales | $230.3 | $211.5 | 8.9% |
| Operating Income | $43.6 | $43.3 | 0.7% | Adjusted Operating Income | $45.0 | $43.1 | 4.4% |
| Operating Margin | 18.9% | 20.2% | (130) bps | Adjusted Operating Margin | 19.5% | 20.4%  | (90) bps |

---

Local market and customer expansion along with new products resulted in organic growth of 2.3% in the building accessories business in a market estimated to be down approximately 4% - 5%. The metal roofing business performed as expected during the quarter with acquisitions on track to plan. Growth in these two businesses offset a slowing market for the mail and package business, which is driven mainly by single home and multi-family new construction starts from the previous year. Adjusted net sales increased 8.9% with organic revenue down less than 1.0% in the quarter.

Operating margin remained strong with solid improvement and contribution from the building accessories and metal roofing businesses offset by lower volume and product mix in the mail and package business.

***<u>Agtech</u>***

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| *($Millions)* Three Months Ended June 30, | *($Millions)* Three Months Ended June 30, | *($Millions)* Three Months Ended June 30, | *($Millions)* Three Months Ended June 30, | *($Millions)* Three Months Ended June 30, | *($Millions)* Three Months Ended June 30, | *($Millions)* Three Months Ended June 30, | *($Millions)* Three Months Ended June 30, |
|  | <u>2025</u> | <u>2024</u> | <u>Change</u> |  | <u>2025</u> | <u>2024</u> | <u>Change</u> |
| Net Sales | $54.1 | $34.5 | 56.8% | Adjusted Net Sales | $54.1 | $34.5 | 56.8% |
| Operating (Loss) / Income | $(0.5) | $2.3 | NMF | Adjusted Operating Income | $3.0 | $2.3 | 30.4% |
| Operating Margin | (0.9)% | 6.6%  | (750) bps | Adjusted Operating Margin | 5.6% | 6.6%  | (100) bps |

---

------

![gibraltar_wordmarkxbluexrgba.jpg](gibraltar_wordmarkxbluexrgba.jpg)

Sales growth benefitted from the acquisition of Lane Supply, which helped offset the effect of delays in start dates on three larger controlled environment agriculture (CEA) projects. Despite these CEA project delays, demand continued to accelerate with backlog increasing 71%. On an organic basis, excluding Lane Supply, backlog increased 33%.

GAAP operating loss was driven by acquisition integration-related costs associated with Lane Supply; however, adjusted operating income increased 30.4%. Adjusted operating margin was down 100 basis points in the quarter related to CEA project volume shifting from the first half of 2025.

***<u>Infrastructure</u>***

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| *($Millions)* Three Months Ended June 30, | *($Millions)* Three Months Ended June 30, | *($Millions)* Three Months Ended June 30, | *($Millions)* Three Months Ended June 30, | *($Millions)* Three Months Ended June 30, | *($Millions)* Three Months Ended June 30, | *($Millions)* Three Months Ended June 30, | *($Millions)* Three Months Ended June 30, |
|  | <u>2025</u> | <u>2024</u> | <u>Change</u> |  | <u>2025</u> | <u>2024</u> | <u>Change</u> |
| Net Sales | $25.2 | $24.8 | 1.6% | Adjusted Net Sales | $25.2 | $24.8 | 1.6% |
| Operating Income | $7.1 | $6.2 | 14.5% | Adjusted Operating Income | $7.1 | $6.2 | 14.5% |
| Operating Margin | 28.1%  | 25.1% | 300 bps | Adjusted Operating Margin | 28.1%  | 25.1% | 300 bps |

---

Net sales and backlog increased 1.6% and 3.0%, respectively, driven by continued strong execution, demand, and new project quoting activity.

Operating margins increased 300 basis points, driven by strong execution, supply chain management, and product line mix.

**Business Outlook**

Mr. Bosway concluded, "Our 2025 full year outlook for continuing operations remains on track for solid revenue, margin, and cash flow performance. We will continue to manage through the current macroenvironment and deploy resources for organic growth and M&A opportunities as we expand our presence and leadership across our end markets. We will also opportunistically execute our share repurchase program."

Gibraltar is establishing its guidance for continuing operations for the full year 2025. Consolidated net sales are expected to range between $1.15 billion and $1.20 billion. This compares to GAAP net sales of $1.02 billion and adjusted net sales of $1.01 billion in 2024. GAAP EPS is expected to range between $3.67 and $3.91, compared to $4.58 in 2024 which included the gain on the sale of the electronic locker business, and adjusted EPS is expected to range between $4.20 and $4.45, compared to $3.82 in 2024.

Gibraltar has provided complete recast historical results for continuing operations which excludes the Renewables segment and can be accessed in the Investors section of the Company's website.

------

![gibraltar_wordmarkxbluexrgba.jpg](gibraltar_wordmarkxbluexrgba.jpg)

**Second 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 second quarter of 2025. Interested parties may access the webcast through the Investors section of the Company's website at <u>www.gibraltar1.com</u>, 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 <u>www.gibraltar1.com</u>.

------

![gibraltar_wordmarkxbluexrgba.jpg](gibraltar_wordmarkxbluexrgba.jpg)

**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, 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 <u>www.Gibraltar1.com</u>. 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. 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 for recent business acquisitions), and portfolio management (which includes the gain on sale of and operating results generated by the residential electronic locker business which was 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

------

![gibraltar_wordmarkxbluexrgba.jpg](gibraltar_wordmarkxbluexrgba.jpg)

exclusions along with other adjustments to other income below operating profit are excluded from adjusted EPS. Furthermore, the above metrics include the impact of the classification of the Renewables segment as a discontinued operation. 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 2025 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

<u>rock@allianceadvisors.com</u>

------

![gibraltar_wordmarkxbluexrgba.jpg](gibraltar_wordmarkxbluexrgba.jpg)

GIBRALTAR INDUSTRIES, INC.

CONSOLIDATED STATEMENTS OF INCOME

(in thousands, except per share data)

(unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| | Three Months Ended<br>June 30, | Three Months Ended<br>June 30, | Six Months Ended<br>June 30, | Six Months Ended<br>June 30, |
| | 2025 | 2024 | 2025 | 2024 |
| Net sales | $309517 | $273624 | $555874 | $514634 |
| Cost of sales | 221682 | 190296 | 398186 | 359219 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gross profit | 87835 | 83328 | 157688 | 155415 |
| Selling, general, and administrative expense | 48329 | 42506 | 89527 | 84501 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Operating income | 39506 | 40822 | 68161 | 70914 |
| Interest expense (income), net | 354 | (1495) | (1283) | (2245) |
| Other (income) expense, net | (105) | 186 | (29) | (166) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income before taxes from continuing operations | 39257 | 42131 | 69473 | 73325 |
| Provision for income taxes | 9819 | 11147 | 16920 | 19387 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income from continuing operations | 29438 | 30984 | 52553 | 53938 |
| Discontinued operations: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Loss) income before taxes from discontinued operations | (5381) | 1486 | (8544) | 3799 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Benefit) provision for income taxes | (1947) | 272 | (3114) | 593 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Loss) income from discontinued operations | (3434) | 1214 | (5430) | 3206 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income | $26004 | $32198 | $47123 | $57144 |
| Net earnings per share – Basic: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income from continuing operations | $0.99 | $1.01 | $1.75 | $1.76 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Loss) income from discontinued operations | (0.12) | 0.04 | (0.18) | 0.11 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income | $0.87 | $1.05 | $1.57 | $1.87 |
| Weighted average shares outstanding – Basic | 29717 | 30588 | 30027 | 30580 |
| Net earnings per share – Diluted: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income from continuing operations | $0.99 | $1.01 | $1.74 | $1.75 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Loss) income from discontinued operations | (0.12) | 0.04 | (0.18) | 0.11 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income | $0.87 | $1.05 | $1.56 | $1.86 |
| Weighted average shares outstanding – Diluted | 29806 | 30791 | 30133 | 30801 |

---

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![gibraltar_wordmarkxbluexrgba.jpg](gibraltar_wordmarkxbluexrgba.jpg)

GIBRALTAR INDUSTRIES, INC.

CONSOLIDATED BALANCE SHEETS

(in thousands, except per share data)

---

| | | |
|:---|:---|:---|
| | June 30,<br>2025 | December 31,<br>2024 |
| | (unaudited) | |
| **Assets** |  |  |
| Current assets: |  |  |
| &nbsp;&nbsp;&nbsp;Cash and cash equivalents | $43291 | $269480 |
| &nbsp;&nbsp;&nbsp;Trade receivables, net of allowance of $1,890 and $1,793, respectively | 163572 | 114898 |
| &nbsp;&nbsp;&nbsp;Costs in excess of billings, net | 22000 | 18817 |
| &nbsp;&nbsp;&nbsp;Inventories, net | 125860 | 93271 |
| &nbsp;&nbsp;&nbsp;Prepaid expenses and other current assets | 29050 | 22326 |
| &nbsp;&nbsp;&nbsp;Assets of discontinued operations | 369736 | 132540 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current assets | 753509 | 651332 |
| Property, plant, and equipment, net | 121053 | 87079 |
| Operating lease assets | 59758 | 41558 |
| Goodwill | 410777 | 323189 |
| Acquired intangibles | 135754 | 55420 |
| Other assets | 1901 | 1936 |
| Assets of discontinued operations |  | 258896 |
|  | $1482752 | $1419410 |
| **Liabilities and Stockholders' Equity** |  |  |
| Current liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;Accounts payable | $119333 | $90705 |
| &nbsp;&nbsp;&nbsp;Accrued expenses | 70655 | 65905 |
| &nbsp;&nbsp;&nbsp;Billings in excess of costs | 12342 | 14769 |
| &nbsp;&nbsp;&nbsp;Liabilities of discontinued operations | 93948 | 83483 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current liabilities | 296278 | 254862 |
| Deferred income taxes | 66653 | 49006 |
| Non-current operating lease liabilities | 50562 | 33391 |
| Other non-current liabilities | 28079 | 24734 |
| Liabilities of discontinued operations |  | 9383 |
| Stockholders' equity: |  |  |
| &nbsp;&nbsp;&nbsp;Preferred stock, $0.01 par value; authorized 10,000 shares; none outstanding |  |  |
| &nbsp;&nbsp;&nbsp;Common stock, $0.01 par value; authorized 100,000 shares; 34,419 and 34,313 shares issued and outstanding in 2025 and 2024 | 344 | 343 |
| &nbsp;&nbsp;&nbsp;Additional paid-in capital | 350259 | 343583 |
| &nbsp;&nbsp;&nbsp;Retained earnings | 922974 | 875851 |
| &nbsp;&nbsp;&nbsp;Accumulated other comprehensive loss | (3015) | (5326) |
| &nbsp;&nbsp;&nbsp;Cost of 4,913 and 3,960 common shares in treasury in 2025 and 2024 | (229382) | (166417) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total stockholders' equity | 1041180 | 1048034 |
|  | $1482752 | $1419410 |

---

------

![gibraltar_wordmarkxbluexrgba.jpg](gibraltar_wordmarkxbluexrgba.jpg)

GIBRALTAR INDUSTRIES, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

(unaudited)

---

| | | |
|:---|:---|:---|
| | Six Months Ended<br>June 30, | Six Months Ended<br>June 30, |
| | 2025 | 2024 |
| **Cash Flows from Operating Activities** |  |  |
| Net income | $47123 | $57144 |
| (Loss) income from discontinued operations | (5430) | 3206 |
| Income from continuing operations | 52553 | 53938 |
| Adjustments to reconcile income from continuing operations to net cash provided by operating activities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation and amortization | 16100 | 9466 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stock compensation expense | 6237 | 5909 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other, net | 442 | 3097 |
| Changes in operating assets and liabilities net of effects from acquisitions: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trade receivables and costs in excess of billings | (25240) | (30913) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inventories | (12864) | (8145) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other current assets and other assets | (6168) | 572 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable | 18281 | 46719 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued expenses and other non-current liabilities | (711) | 9768 |
| Net cash provided by operating activities of continuing operations | 48630 | 90411 |
| Net cash provided by (used in) operating activities of discontinued operations | 9928 | (758) |
| Net cash provided by operating activities | 58558 | 89653 |
| **Cash Flows from Investing Activities** |  |  |
| Acquisitions, net of cash acquired | (192946) |  |
| Purchases of property, plant, and equipment, net | (28960) | (7326) |
| Net proceeds from sale of business | 352 |  |
| Net cash used in investing activities of continuing operations | (221554) | (7326) |
| Net cash used in investing activities of discontinued operations | (974) | (1031) |
| Net cash used in investing activities | (222528) | (8357) |
| **Cash Flows from Financing Activities** |  |  |
| Purchase of common stock at market prices | (62499) | (1447) |
| Net cash used in financing activities | (62499) | (1447) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Effect of exchange rate changes on cash | 280 | (173) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net (decrease) increase in cash and cash equivalents | (226189) | 79676 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents at beginning of year | 269480 | 99426 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents at end of period | $43291 | $179102 |

---

------

![gibraltar_wordmarkxbluexrgba.jpg](gibraltar_wordmarkxbluexrgba.jpg)

GIBRALTAR INDUSTRIES, INC.

Reconciliation of GAAP and Adjusted Financial Measures

(in thousands, except per share data)

(unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Three Months Ended June 30, 2025 | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2025 | Three Months Ended June 30, 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 | $39257 | $9819 | $29438 | $0.99 |  |
| Restructuring Charges (1) | 1582 | 337 | 1245 | 0.04 |  |
| Acquisition Related Costs (2) | 3849 | 893 | 2956 | 0.10 |  |
| Adjusted Financial Measures | $44688 | $11049 | $33639 | $1.13 |  |
|  | Residential | Agtech | Infrastructure | Corporate | Consolidated |
| Operating Margin | 18.9% | (0.9)% | 28.1% | n/a | 12.8% |
| Restructuring Charges (1) | 0.5% | 0.7% | —% | n/a | 0.5% |
| Acquisition Related Costs (2) | —% | 5.9% | —% | n/a | 1.2% |
| Adjusted Operating Margin | 19.5% | 5.6% | 28.1% | n/a | 14.5% |
| Income from Operations | $43611 | $(494) | $7083 | $(10694) | $39506 |
| Restructuring Charges (1) | 1218 | 364 |  |  | 1582 |
| Acquisition Related Costs (2) | 132 | 3170 |  | 547 | 3849 |
| Adjusted Income from Operations | $44961 | $3040 | $7083 | $(10147) | $44937 |
| Net Sales (3) | $230258 | $54092 | $25167 | $— | $309517 |
| (1) Comprised primarily of exit activities costs for discontinued products. | (1) Comprised primarily of exit activities costs for discontinued products. | (1) Comprised primarily of exit activities costs for discontinued products. | (1) Comprised primarily of exit activities costs for discontinued products. | (1) Comprised primarily of exit activities costs for discontinued products. | (1) Comprised primarily of exit activities costs for discontinued products. |
| (2) Represents acquisition related expenses including due diligence and integration costs of recent business combinations. | (2) Represents acquisition related expenses including due diligence and integration costs of recent business combinations. | (2) Represents acquisition related expenses including due diligence and integration costs of recent business combinations. | (2) Represents acquisition related expenses including due diligence and integration costs of recent business combinations. | (2) Represents acquisition related expenses including due diligence and integration costs of recent business combinations. | (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. | (3) There were no Non-GAAP adjustments to Net Sales in 2025. | (3) There were no Non-GAAP adjustments to Net Sales in 2025. | (3) There were no Non-GAAP adjustments to Net Sales in 2025. | (3) There were no Non-GAAP adjustments to Net Sales in 2025. | (3) There were no Non-GAAP adjustments to Net Sales in 2025. |

---

------

![gibraltar_wordmarkxbluexrgba.jpg](gibraltar_wordmarkxbluexrgba.jpg)

GIBRALTAR INDUSTRIES, INC.

Reconciliation of GAAP and Adjusted Financial Measures

(in thousands, except per share data)

(unaudited)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Three Months Ended June 30, 2024 | Three Months Ended June 30, 2024 | Three Months Ended June 30, 2024 | Three Months Ended June 30, 2024 | Three Months Ended June 30, 2024 | Three Months Ended June 30, 2024 | Three Months Ended June 30, 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 | $43617 | $11419 | $32198 | $1.05 |  |  |
| Discontinued Operations (1) | (1486) | (272) | (1214) | (0.04) |  |  |
| As Reported in GAAP Statements | $42131 | $11147 | $30984 | $1.01 |  |  |
| Restructuring & Other Charges (2) | 580 | (79) | 659 | 0.02 |  |  |
| Portfolio Management (3) | (370) | (89) | (281) | (0.01) |  |  |
| Adjusted Financial Measures Recast | $42341 | $10979 | $31362 | $1.02 |  |  |
|  | Residential | Agtech | Renewables | Infrastructure | Corporate | Consolidated |
| Operating Margin Previously Reported | 20.2% | 6.6% | 2.1% | 25.1% | n/a | 12.0% |
| Discontinued Operations (1) |  |  | n/a |  | n/a |  |
| Operating Margin as Reported in GAAP Statements | 20.2% | 6.6% | n/a | 25.1% | n/a | 14.9% |
| Restructuring & Other Charges (2) | 0.1% | —% | n/a | —% | n/a | 0.1% |
| Portfolio Management (3) | (0.2)% | —% | n/a | —% | n/a | (0.1)% |
| Adjusted Operating Margin Recast | 20.4% | 6.6% | n/a | 25.1% | n/a | 15.0% |
| Income from Operations Previously Reported | $43313 | $2282 | $1647 | $6215 | $(10988) | $42469 |
| Discontinued Operations (1) |  |  | (1647) |  |  | (1647) |
| Income from Operations as Reported in GAAP Statements | $43313 | $2282 | $— | $6215 | $(10988) | $40822 |
| Restructuring & Other Charges (2) | 145 | 11 |  |  | 100 | 256 |
| Portfolio Management (3) | (370) |  |  |  |  | (370) |
| Adjusted Income from Operations Recast | $43088 | $2293 | $— | $6215 | $(10888) | $40708 |
| Net Sales & Adjusted Net Sales Previously Reported | $214316 | $34508 | $79381 | $24800 | $— | $353005 |
| Discontinued Operations (1) |  |  | (79381) |  |  | (79381) |
| Net Sales as Reported in GAAP Statements | $214316 | $34508 | $— | $24800 | $— | $273624 |
| Portfolio Management (3) | (2808) |  |  |  |  | (2808) |
| Adjusted Net Sales Recast | $211508 | $34508 | $— | $24800 | $— | $270816 |
| (1) Represents the results generated by the Company's Renewables business classified as Discontinued Operations in 2025. | (1) Represents the results generated by the Company's Renewables business classified as Discontinued Operations in 2025. | (1) Represents the results generated by the Company's Renewables business classified as Discontinued Operations in 2025. | (1) Represents the results generated by the Company's Renewables business classified as Discontinued Operations in 2025. | (1) Represents the results generated by the Company's Renewables business classified as Discontinued Operations in 2025. | (1) Represents the results generated by the Company's Renewables business classified as Discontinued Operations in 2025. | (1) Represents the results generated by the Company's Renewables business classified as Discontinued Operations in 2025. |
| (2) Comprised primarily of exit activities costs for discontinued products and the results generated by the Company's processing business liquidated in 2023. | (2) Comprised primarily of exit activities costs for discontinued products and the results generated by the Company's processing business liquidated in 2023. | (2) Comprised primarily of exit activities costs for discontinued products and the results generated by the Company's processing business liquidated in 2023. | (2) Comprised primarily of exit activities costs for discontinued products and the results generated by the Company's processing business liquidated in 2023. | (2) Comprised primarily of exit activities costs for discontinued products and the results generated by the Company's processing business liquidated in 2023. | (2) Comprised primarily of exit activities costs for discontinued products and the results generated by the Company's processing business liquidated in 2023. | (2) Comprised primarily of exit activities costs for discontinued products and the results generated by the Company's processing business liquidated in 2023. |
| (3) Represents the results generated by the Company's electronic locker business sold in 2024. | (3) Represents the results generated by the Company's electronic locker business sold in 2024. | (3) Represents the results generated by the Company's electronic locker business sold in 2024. | (3) Represents the results generated by the Company's electronic locker business sold in 2024. | (3) Represents the results generated by the Company's electronic locker business sold in 2024. | (3) Represents the results generated by the Company's electronic locker business sold in 2024. | (3) Represents the results generated by the Company's electronic locker business sold in 2024. |

---

------

![gibraltar_wordmarkxbluexrgba.jpg](gibraltar_wordmarkxbluexrgba.jpg)

GIBRALTAR INDUSTRIES, INC.

Reconciliation of GAAP and Adjusted Financial Measures

(in thousands, except per share data)

(unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Six Months Ended June 30, 2025 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 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 | $69473 | $16920 | $52553 | $1.74 |  |
| Restructuring Charges (1) | 2818 | 637 | 2181 | 0.07 |  |
| Acquisition Related Costs (2) | 8104 | 1891 | 6213 | 0.21 |  |
| Adjusted Financial Measures | $80395 | $19448 | $60947 | $2.02 |  |
|  | Residential | Agtech | Infrastructure | Corporate | Consolidated |
| Operating Margin | 18.3% | 2.9% | 26.5% | n/a | 12.3% |
| Restructuring Charges (1) | 0.6% | 0.4% | —% | n/a | 0.5% |
| Acquisition Related Costs (2) | —% | 4.6% | —% | n/a | 1.4% |
| Adjusted Operating Margin | 18.9% | 8.0% | 26.5% | n/a | 14.2% |
| Income from Operations | $74871 | $2891 | $12341 | $(21942) | $68161 |
| Restructuring Charges (1) | 2355 | 432 |  | 31 | 2818 |
| Acquisition Related Costs (2) | 132 | 4589 |  | 3394 | 8115 |
| Adjusted Income from Operations | $77358 | $7912 | $12341 | $(18517) | $79094 |
| Net Sales (3) | $410252 | $99132 | $46490 | $— | $555874 |
| (1) Comprised primarily of exit activities costs for discontinued products. | (1) Comprised primarily of exit activities costs for discontinued products. | (1) Comprised primarily of exit activities costs for discontinued products. | (1) Comprised primarily of exit activities costs for discontinued products. | (1) Comprised primarily of exit activities costs for discontinued products. | (1) Comprised primarily of exit activities costs for discontinued products. |
| (2) Represents acquisition related expenses including due diligence and integration costs of recent business combinations. | (2) Represents acquisition related expenses including due diligence and integration costs of recent business combinations. | (2) Represents acquisition related expenses including due diligence and integration costs of recent business combinations. | (2) Represents acquisition related expenses including due diligence and integration costs of recent business combinations. | (2) Represents acquisition related expenses including due diligence and integration costs of recent business combinations. | (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. | (3) There were no Non-GAAP adjustments to Net Sales in 2025. | (3) There were no Non-GAAP adjustments to Net Sales in 2025. | (3) There were no Non-GAAP adjustments to Net Sales in 2025. | (3) There were no Non-GAAP adjustments to Net Sales in 2025. | (3) There were no Non-GAAP adjustments to Net Sales in 2025. |

---

------

![gibraltar_wordmarkxbluexrgba.jpg](gibraltar_wordmarkxbluexrgba.jpg)

GIBRALTAR INDUSTRIES, INC.

Reconciliation of GAAP and Adjusted Financial Measures

(in thousands, except per share data)

(unaudited)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Six Months Ended June 30, 2024 | Six Months Ended June 30, 2024 | Six Months Ended June 30, 2024 | Six Months Ended June 30, 2024 | Six Months Ended June 30, 2024 | Six Months Ended June 30, 2024 | Six Months Ended June 30, 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 | $77124 | $19980 | $57144 | $1.86 |  |  |
| Discontinued Operations (1) | (3799) | (593) | (3206) | (0.11) |  |  |
| As Reported in GAAP Statements | $73325 | $19387 | $53938 | $1.75 |  |  |
| Restructuring & Other Charges (2) | 674 | (306) | 980 | 0.04 |  |  |
| Portfolio Management (3) | (298) | (72) | (226) | (0.01) |  |  |
| Adjusted Financial Measures Recast | $73701 | $19009 | $54692 | $1.78 |  |  |
|  | Residential | Agtech | Renewables | Infrastructure | Corporate | Consolidated |
| Operating Margin Previously Reported | 19.4% | 7.1% | 2.5% | 23.8% | n/a | 11.5% |
| Discontinued Operations (1) |  |  | n/a |  | n/a |  |
| Operating Margin as Reported in GAAP Statements | 19.4% | 7.1% | n/a | 23.8% | n/a | 13.8% |
| Restructuring & Other Charges (2) | —% | 0.2% | n/a | —% | n/a | —% |
| Portfolio Management (3) | (0.1)% | —% | n/a | —% | n/a | (0.1)% |
| Adjusted Operating Margin Recast | 19.7% | 7.4% | n/a | 23.8% | n/a | 14.0% |
| Income from Operations Previously Reported | $77659 | $4890 | $3291 | $11111 | $(22746) | $74205 |
| Discontinued Operations (1) |  |  | (3291) |  |  | (3291) |
| Income from Operations as Reported in GAAP Statements | $77659 | $4890 | $— | $11111 | $(22746) | $70914 |
| Restructuring & Other Charges (2) | 73 | 149 |  |  | 231 | 453 |
| Portfolio Management (3) | (298) |  |  |  |  | (298) |
| Adjusted Income from Operations Recast | $77434 | $5039 | $— | $11111 | $(22515) | $71069 |
| Net Sales & Adjusted Net Sales Previously Reported | $399427 | $68535 | $130877 | $46672 | $— | $645511 |
| Discontinued Operations (1) |  |  | (130877) |  |  | (130877) |
| Net Sales as Reported in GAAP Statements | $399427 | $68535 | $— | $46672 | $— | $514634 |
| Portfolio Management (3) | (5553) |  |  |  |  | (5553) |
| Adjusted Net Sales Recast | $393874 | $68535 | $— | $46672 | $— | $509081 |
| (1) Represents the results generated by the Company's Renewables business classified as Discontinued Operations in 2025. | (1) Represents the results generated by the Company's Renewables business classified as Discontinued Operations in 2025. | (1) Represents the results generated by the Company's Renewables business classified as Discontinued Operations in 2025. | (1) Represents the results generated by the Company's Renewables business classified as Discontinued Operations in 2025. | (1) Represents the results generated by the Company's Renewables business classified as Discontinued Operations in 2025. | (1) Represents the results generated by the Company's Renewables business classified as Discontinued Operations in 2025. | (1) Represents the results generated by the Company's Renewables business classified as Discontinued Operations in 2025. |
| (2) Comprised primarily of exit activities costs for discontinued products and the results generated by the Company's processing business liquidated in 2023. | (2) Comprised primarily of exit activities costs for discontinued products and the results generated by the Company's processing business liquidated in 2023. | (2) Comprised primarily of exit activities costs for discontinued products and the results generated by the Company's processing business liquidated in 2023. | (2) Comprised primarily of exit activities costs for discontinued products and the results generated by the Company's processing business liquidated in 2023. | (2) Comprised primarily of exit activities costs for discontinued products and the results generated by the Company's processing business liquidated in 2023. | (2) Comprised primarily of exit activities costs for discontinued products and the results generated by the Company's processing business liquidated in 2023. | (2) Comprised primarily of exit activities costs for discontinued products and the results generated by the Company's processing business liquidated in 2023. |
| (3) Represents the results generated by the Company's electronic locker business sold in 2024. | (3) Represents the results generated by the Company's electronic locker business sold in 2024. | (3) Represents the results generated by the Company's electronic locker business sold in 2024. | (3) Represents the results generated by the Company's electronic locker business sold in 2024. | (3) Represents the results generated by the Company's electronic locker business sold in 2024. | (3) Represents the results generated by the Company's electronic locker business sold in 2024. | (3) Represents the results generated by the Company's electronic locker business sold in 2024. |

---

------

![gibraltar_wordmarkxbluexrgba.jpg](gibraltar_wordmarkxbluexrgba.jpg)

GIBRALTAR INDUSTRIES, INC.

Reconciliation of GAAP and Adjusted Financial Measures

(in thousands, except per share data)

(unaudited)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Year Ended December 31, 2024 | Year Ended December 31, 2024 | Year Ended December 31, 2024 | Year Ended December 31, 2024 | Year Ended December 31, 2024 | Year Ended December 31, 2024 | 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 | $173925 | $36585 | $137340 | $4.46 |  |  |
| Discontinued Operations (1) | 4631 | 1185 | 3446 | 0.12 |  |  |
| As Reported in GAAP Statements | $178556 | $37770 | $140786 | $4.58 |  |  |
| Restructuring & Other Charges (2) | 2350 | 138 | 2212 | 0.07 |  |  |
| Portfolio Management (3) | (26005) | (421) | (25584) | (0.83) |  |  |
| Adjusted Financial Measures Recast | $154901 | $37487 | $117414 | $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 | $148784 | $11040 | $3349 | $21295 | $(41445) | $143023 |
| Discontinued Operations (1) |  |  | (3349) |  |  | (3349) |
| Income from Operations as Reported in GAAP Statements | $148784 | $11040 | $— | $21295 | $(41445) | $139674 |
| Restructuring & Other Charges (2) | 801 | 6477 |  |  | 2290 | 9568 |
| Portfolio Management (3) | (740) |  |  |  |  | (740) |
| Adjusted Income from Operations Recast | $148845 | $17517 | $— | $21295 | $(39155) | $148502 |
| Net Sales & Adjusted Net Sales Previously Reported | $782519 | $152811 | $285405 | $88029 | $— | $1308764 |
| Discontinued Operations (1) |  |  | (285405) |  |  | (285405) |
| Net Sales as Reported in GAAP Statements | $782519 | $152811 | $— | $88029 | $— | $1023359 |
| Portfolio Management (3) | (10379) |  |  |  |  | (10379) |
| Adjusted Net Sales Recast | $772140 | $152811 | $— | $88029 | $— | $1012980 |
| (1) Represents the results generated by the Company's Renewables business classified as Discontinued Operations in 2025. | (1) Represents the results generated by the Company's Renewables business classified as Discontinued Operations in 2025. | (1) Represents the results generated by the Company's Renewables business classified as Discontinued Operations in 2025. | (1) Represents the results generated by the Company's Renewables business classified as Discontinued Operations in 2025. | (1) Represents the results generated by the Company's Renewables business classified as Discontinued Operations in 2025. | (1) Represents the results generated by the Company's Renewables business classified as Discontinued Operations in 2025. | (1) Represents the results generated by the Company's Renewables business classified as Discontinued Operations in 2025. |
| (2) Comprised primarily of exit activities costs for discontinued products, 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. | (2) Comprised primarily of exit activities costs for discontinued products, 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. | (2) Comprised primarily of exit activities costs for discontinued products, 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. | (2) Comprised primarily of exit activities costs for discontinued products, 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. | (2) Comprised primarily of exit activities costs for discontinued products, 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. | (2) Comprised primarily of exit activities costs for discontinued products, 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. | (2) Comprised primarily of exit activities costs for discontinued products, 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. | (3) Represents the results generated by the Company's electronic locker business sold in 2024, including the ($25.3M) gain on sale of business. | (3) Represents the results generated by the Company's electronic locker business sold in 2024, including the ($25.3M) gain on sale of business. | (3) Represents the results generated by the Company's electronic locker business sold in 2024, including the ($25.3M) gain on sale of business. | (3) Represents the results generated by the Company's electronic locker business sold in 2024, including the ($25.3M) gain on sale of business. | (3) Represents the results generated by the Company's electronic locker business sold in 2024, including the ($25.3M) gain on sale of business. | (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_wordmarkxbluexrgba.jpg](gibraltar_wordmarkxbluexrgba.jpg)

GIBRALTAR INDUSTRIES, INC.

Reconciliation of Adjusted Financial Measures

(in thousands)

(unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Three Months Ended June 30, 2025 | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2025 |
|  | Consolidated | Residential | Agtech | Infrastructure |
| Net Sales | $309517 | $230258 | $54092 | $25167 |
| Net Income from Continuing Operations | 29438 |  |  |  |
| Provision for Income Taxes | 9819 |  |  |  |
| Interest Expense | 354 |  |  |  |
| Other Income | (105) |  |  |  |
| Operating Profit | 39506 | 43611 | (494) | 7083 |
| Adjusted Measures\* | 5431 | 1350 | 3534 |  |
| Adjusted Operating Profit | 44937 | 44961 | 3040 | 7083 |
| Adjusted Operating Margin | 14.5% | 19.5% | 5.6% | 28.1% |
| Adjusted Other Income | (105) |  |  |  |
| Depreciation & Amortization | 9294 | 3239 | 4539 | 699 |
| Less: Acquisition-related amortization | (2650) |  | (2650) |  |
| Adjusted Depreciation & Amortization | 6644 | 3239 | 1889 | 699 |
| Stock Compensation Expense | 3377 | 621 | 187 | 76 |
| Adjusted EBITDA | $55063 | $48821 | $5116 | $7858 |
| Adjusted EBITDA Margin | 17.8% | 21.2% | 9.5% | 31.2% |
| Cash Flow - Operating Activities | 43545 |  |  |  |
| Purchase of PPE, Net | (18203) |  |  |  |
| Free Cash Flow | 25342 |  |  |  |
| Free Cash Flow - % of Adjusted Net Sales | 8.2% |  |  |  |
| \*Adjusted Measures details are presented on the corresponding Reconciliation of GAAP and Adjusted Financial Measures | \*Adjusted Measures details are presented on the corresponding Reconciliation of GAAP and Adjusted Financial Measures | \*Adjusted Measures details are presented on the corresponding Reconciliation of GAAP and Adjusted Financial Measures | \*Adjusted Measures details are presented on the corresponding Reconciliation of GAAP and Adjusted Financial Measures | \*Adjusted Measures details are presented on the corresponding Reconciliation of GAAP and Adjusted Financial Measures |

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![gibraltar_wordmarkxbluexrgba.jpg](gibraltar_wordmarkxbluexrgba.jpg)

GIBRALTAR INDUSTRIES, INC.

Reconciliation of Adjusted Financial Measures

(in thousands)

(unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Three Months Ended June 30, 2024 | Three Months Ended June 30, 2024 | Three Months Ended June 30, 2024 | Three Months Ended June 30, 2024 | Three Months Ended June 30, 2024 |
|  | Consolidated | Residential | Agtech | Infrastructure |
| Adjusted Net Sales Recast\* | $270816 | $211508 | $34508 | $24800 |
| Net Income from Continuing Operations | 30984 |  |  |  |
| Provision for Income Taxes | 11147 |  |  |  |
| Interest Income | (1495) |  |  |  |
| Other Expense | 186 |  |  |  |
| Operating Profit | 40822 | 43313 | 2282 | 6215 |
| Adjusted Measures\* | (114) | (225) | 11 |  |
| Adjusted Operating Profit | 40708 | 43088 | 2293 | 6215 |
| Adjusted Operating Margin | 15.0% | 20.4% | 6.6% | 25.1% |
| Adjusted Other Income | (138) |  |  |  |
| Adjusted Depreciation & Amortization (1) | 4668 | 2472 | 808 | 747 |
| Adjusted Stock Compensation Expense (2) | 3471 | 450 | 94 | 64 |
| Adjusted EBITDA Recast\*\* | $48985 | $46010 | $3195 | $7026 |
| Adjusted EBITDA Margin Recast\*\* | 18.1% | 21.8% | 9.3% | 28.3% |
| Adjusted EBITDA Previously Reported | $57736 | $46429 | $3195 | $7026 |
| Adjusted EBITDA Margin Previously Reported | 16.4% | 21.7% | 9.3% | 28.3% |
| Cash Flow - Operating Activities | 47104 |  |  |  |
| Purchase of PPE, Net | (3966) |  |  |  |
| Free Cash Flow | 43138 |  |  |  |
| Free Cash Flow - % of Adjusted Net Sales | 15.9% |  |  |  |
| \*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. | \*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. | \*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. | \*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. | \*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. | \*\*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. | \*\*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. | \*\*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. | \*\*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 ($2.05M) from classification of Renewables business as Discontinued Operations and ($35k) from sale of electronic locker business within the Residential segment. | (1) Recast Depreciation & Amortization for impact of ($2.05M) from classification of Renewables business as Discontinued Operations and ($35k) from sale of electronic locker business within the Residential segment. | (1) Recast Depreciation & Amortization for impact of ($2.05M) from classification of Renewables business as Discontinued Operations and ($35k) from sale of electronic locker business within the Residential segment. | (1) Recast Depreciation & Amortization for impact of ($2.05M) from classification of Renewables business as Discontinued Operations and ($35k) from sale of electronic locker business within the Residential segment. | (1) Recast Depreciation & Amortization for impact of ($2.05M) from classification of Renewables business as Discontinued Operations and ($35k) 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 ($14k) from the 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 ($14k) from the 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 ($14k) from the 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 ($14k) from the 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 ($14k) from the sale of electronic locker business within the Residential segment. |

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![gibraltar_wordmarkxbluexrgba.jpg](gibraltar_wordmarkxbluexrgba.jpg)

GIBRALTAR INDUSTRIES, INC.

Reconciliation of Adjusted Financial Measures

(in thousands)

(unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Six Months Ended June 30, 2025 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2025 |
|  | Consolidated | Residential | Agtech | Infrastructure |
| Net Sales | $555874 | $410252 | $99132 | $46490 |
| Net Income from Continuing Operations | 52553 |  |  |  |
| Provision for Income Taxes | 16920 |  |  |  |
| Interest Income | (1283) |  |  |  |
| Other Income | (29) |  |  |  |
| Operating Profit | 68161 | 74871 | 2891 | 12341 |
| Adjusted Measures\* | 10933 | 2487 | 5021 |  |
| Adjusted Operating Profit | 79094 | 77358 | 7912 | 12341 |
| Adjusted Operating Margin | 14.2% | 18.9% | 8.0% | 26.5% |
| Adjusted Other Income | (18) |  |  |  |
| Depreciation & Amortization | 16100 | 5766 | 7299 | 1400 |
| Less: Acquisition-related amortization | (4069) |  | (4069) |  |
| Adjusted Depreciation & Amortization | 12031 | 5766 | 3230 | 1400 |
| Stock Compensation Expense | 6237 | 1073 | 322 | 139 |
| Less: SLT Related Stock Compensation Expense | (82) |  |  |  |
| Adjusted Stock Compensation Expense | 6155 | 1073 | 322 | 139 |
| Adjusted EBITDA | $97298 | $84197 | $11464 | $13880 |
| Adjusted EBITDA Margin | 17.5% | 20.5% | 11.6% | 29.9% |
| Cash Flow - Operating Activities | 48630 |  |  |  |
| Purchase of PPE, Net | (28960) |  |  |  |
| Free Cash Flow | 19670 |  |  |  |
| Free Cash Flow - % of Adjusted Net Sales | 3.5% |  |  |  |
| \*Adjusted Measures details are presented on the corresponding Reconciliation of GAAP and Adjusted Financial Measures | \*Adjusted Measures details are presented on the corresponding Reconciliation of GAAP and Adjusted Financial Measures | \*Adjusted Measures details are presented on the corresponding Reconciliation of GAAP and Adjusted Financial Measures | \*Adjusted Measures details are presented on the corresponding Reconciliation of GAAP and Adjusted Financial Measures | \*Adjusted Measures details are presented on the corresponding Reconciliation of GAAP and Adjusted Financial Measures |

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![gibraltar_wordmarkxbluexrgba.jpg](gibraltar_wordmarkxbluexrgba.jpg)

GIBRALTAR INDUSTRIES, INC.

Reconciliation of Adjusted Financial Measures

(in thousands)

(unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Six Months Ended June 30, 2024 | Six Months Ended June 30, 2024 | Six Months Ended June 30, 2024 | Six Months Ended June 30, 2024 | Six Months Ended June 30, 2024 |
|  | Consolidated | Residential | Agtech | Infrastructure |
| Adjusted Net Sales Recast\* | $509081 | $393874 | $68535 | $46672 |
| Net Income from Continuing Operations | 53938 |  |  |  |
| Provision for Income Taxes | 19387 |  |  |  |
| Interest Income | (2245) |  |  |  |
| Other Income | (166) |  |  |  |
| Operating Profit | 70914 | 77659 | 4890 | 11111 |
| Adjusted Measures\* | 155 | (225) | 149 |  |
| Adjusted Operating Profit | 71069 | 77434 | 5039 | 11111 |
| Adjusted Operating Margin | 14.0% | 19.7% | 7.4% | 23.8% |
| Adjusted Other Income | (387) |  |  |  |
| Adjusted Depreciation & Amortization (1) | 9338 | 4970 | 1638 | 1492 |
| Adjusted Stock Compensation Expense (2) | 5880 | 848 | 188 | 118 |
| Adjusted EBITDA Recast\*\* | $86674 | $83252 | $6865 | $12721 |
| Adjusted EBITDA Margin Recast\*\* | 17.0% | 21.1% | 10.0% | 27.3% |
| Adjusted EBITDA Previously Reported | $99228 | $83707 | $6865 | $12721 |
| Adjusted EBITDA Margin Previously Reported | 15.4% | 21.0% | 10.0% | 27.3% |
| Cash Flow - Operating Activities | 90411 |  |  |  |
| Purchase of PPE, Net | (7326) |  |  |  |
| Free Cash Flow | 83085 |  |  |  |
| Free Cash Flow - % of Adjusted Net Sales | 16.3% |  |  |  |
| \*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. | \*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. | \*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. | \*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. | \*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. | \*\*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. | \*\*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. | \*\*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. | \*\*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 ($3.95M) from classification of Renewables business as Discontinued Operations and ($128k) from sale of electronic locker business within the Residential segment. | (1) Recast Depreciation & Amortization for impact of ($3.95M) from classification of Renewables business as Discontinued Operations and ($128k) from sale of electronic locker business within the Residential segment. | (1) Recast Depreciation & Amortization for impact of ($3.95M) from classification of Renewables business as Discontinued Operations and ($128k) from sale of electronic locker business within the Residential segment. | (1) Recast Depreciation & Amortization for impact of ($3.95M) from classification of Renewables business as Discontinued Operations and ($128k) from sale of electronic locker business within the Residential segment. | (1) Recast Depreciation & Amortization for impact of ($3.95M) from classification of Renewables business as Discontinued Operations and ($128k) from sale of electronic locker business within the Residential segment. |
| (2) Recast Stock Compensation Expense for impact of ($449k) from classification of Renewables business as Discontinued Operations and ($29k) from the sale of electronic locker business within the Residential segment. | (2) Recast Stock Compensation Expense for impact of ($449k) from classification of Renewables business as Discontinued Operations and ($29k) from the sale of electronic locker business within the Residential segment. | (2) Recast Stock Compensation Expense for impact of ($449k) from classification of Renewables business as Discontinued Operations and ($29k) from the sale of electronic locker business within the Residential segment. | (2) Recast Stock Compensation Expense for impact of ($449k) from classification of Renewables business as Discontinued Operations and ($29k) from the sale of electronic locker business within the Residential segment. | (2) Recast Stock Compensation Expense for impact of ($449k) from classification of Renewables business as Discontinued Operations and ($29k) from the sale of electronic locker business within the Residential segment. |

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