Gibraltar Restores Organic Growth After a Slight First-Quarter Dip

The Tip Desk · August 6, 2026 · 3 min read

Continuing-operations net sales were $509.5 million, up 64.6% year over year, with organic growth of 5% and adjusted EPS of $1.11.

Gibraltar Industries (ROCK), a manufacturer of products for residential, agtech and infrastructure markets, reported 5% organic growth in continuing operations for the three months ended June 30, 2026, after a first quarter in which organic growth was down slightly.

The turn marked a recovery in the underlying business once a full quarter of OmniMax was in the results. Sequential net sales growth accelerated to 64.6% from 44.6% in the first quarter, when the company had only two months of OmniMax. Adjusted EBITDA growth accelerated to 59.7% from 16.1%. Adjusted EPS recovered to $1.11 from $0.45 in the first quarter, after a 50% first-quarter decline that the company attributed to higher interest expense and aluminum price-material economics.

GAAP net income from continuing operations was $27.3 million, or $0.92 a share, down 7.1% from a year earlier. The company included $5.8 million of pretax OmniMax integration and restructuring costs, or $0.15 a share. Adjusted net income was $33.0 million. Interest expense was $20.6 million. Price actions and participation gains offset commodity and fuel inflation tied to geopolitical issues.

Residential was the engine. Segment net sales rose 84.9% to $425.9 million, with OmniMax and metal roofing acquisitions contributing $184 million, offset by slowness in mail and package. Building Products organic revenue increased 12.7%; if OmniMax had been owned in the year-ago quarter, the combined business grew 15.5%. Residential accounted for 83% of total revenue. Adjusted EBITDA was $80.9 million. Adjusted EBITDA margin was 19.0%, up 340 basis points sequentially. Chairman and CEO Bill Bosway said Residential continues to become a larger part of the portfolio.

The company was awarded an additional 630 locations, making it supplier of trims and flashings to more than 1,700 locations for one customer, with a national agreement to supply over 600 locations starting in the fourth quarter. Bosway said the OmniMax addition was instrumental in the award.

OmniMax integration remained on track. The synergy commitment was raised an additional $3.2 million to $29.4 million, with $17.0 million anticipated in full-year 2026, after a prior-quarter raise to $26 million with $16 million in the 2026 outlook. The integration management office is executing 11 critical workstreams and completed Phase 2 of organization optimization.

Agtech net sales rose 8.7% to $58.8 million on strength in structures and commercial greenhouse applications. Adjusted EBITDA was $8.1 million, and adjusted EBITDA margin expanded 430 basis points to 13.8%. Backlog was $66.2 million, down 34% with timing of projects later in the year. Quoting activity continues across end markets.

Infrastructure net sales fell 1.2% to $24.9 million on customer project timing. Adjusted EBITDA was $6.3 million, and adjusted EBITDA margin compressed 580 basis points to 25.4%. Order backlog increased 2%. Margin was impacted by lower volume and product mix.

Continuing operations generated $44.5 million of cash in the quarter. Discontinued operations used $40.8 million. Net debt was $1.2 billion and revolving credit facility availability was $470 million at quarter-end.

Gibraltar reiterated its full-year 2026 outlook for continuing operations: net sales of $1.76 billion to $1.83 billion, adjusted EBITDA of $310 million to $326 million, adjusted EBITDA margin of 17.6% to 17.8%, GAAP EPS of $2.40 to $2.80, and adjusted EPS of $3.65 to $4.05. Bosway said the company would continue the 11 integration workstreams, implement synergy initiatives, and focus on participation gains in Residential as it drives toward Residential representing an even larger part of the portfolio. The company also expects Agtech and Infrastructure to deliver their respective plans for the second half of the year.