Improved Operating Income
Despite a 7.9% decrease in net sales in Q4 2024, operating income improved by 11%, and adjusted EPS increased by 17.4%.
Cash Flow Generation
For 2024, Gibraltar generated $174 million in operating cash flow and $154 million in free cash flow, representing 12% of net sales.
Positive Bookings Momentum
Renewables bookings are up 33%, and AgTech bookings are up over 300% year-to-date compared to the prior year.
Acquisition of Lane Supply
Gibraltar acquired Lane Supply for $120 million, adding $112 million in net sales and an adjusted EBITDA margin of 14.8%.
Strong Infrastructure Backlog
The infrastructure business's backlog increased by 10% entering 2025, driven by strong demand and order conversion.