Solid Margin Performance
EPS improved by 19% due to solid margin performance in Residential, Agtech, and Infrastructure businesses, which offset challenges in the Renewables business.
Record Backlog
Consolidated backlog increased by 30% to $434 million, reaching a record level for Gibraltar Industries.
Agtech Bookings Surge
Year-over-year Agtech bookings increased by 226%, reflecting strong demand in produce and structures markets.
Residential Business Expansion
The Lane Supply acquisition and two other transactions expanded Gibraltar's presence in the residential and light commercial metal roofing market.
Strong Cash Flow Generation
Gibraltar Industries generated $14 million in operating cash flow and $2 million in free cash flow, with a continued strong balance sheet and debt-free status.
New Share Repurchase Program
A new three-year $200 million share repurchase program was approved, aiming to return value to shareholders.