Gibraltar Industries, Inc. (NASDAQ:ROCK) reported adjusted earnings for the second quarter that missed analyst forecasts on Wednesday, yet the company reaffirmed its full-year outlook as it sharpens its focus on building products and structures after planning to divest its Renewables segment.
The company, which supplies products for residential, agricultural technology, and infrastructure sectors, posted adjusted earnings per share of $1.13, below the expected $1.18. Revenue totaled $309.5 million, falling short of the consensus estimate of $381.38 million. Despite these misses, adjusted net sales rose 14.3% year-over-year, while adjusted earnings climbed 10.8%.
“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,” said Chairman and CEO Bill Bosway.
Within its segments, Residential remains the largest contributor, with adjusted net sales increasing 8.9% to $230.3 million. The Agtech segment posted robust growth of 56.8% to $54.1 million, helped by the Lane Supply acquisition, while the Infrastructure segment recorded a modest 1.6% rise to $25.2 million.
Gibraltar held onto its full-year 2025 guidance, expecting revenues between $1.15 billion and $1.20 billion and adjusted EPS in the range of $4.20 to $4.45. The company also reported a 43% year-over-year increase in backlog, driven by strong bookings in project-based business lines.
“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,” Bosway added.
Gibraltar Industries stock price
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