Strong Second Quarter Performance
Gibraltar Industries delivered 14% adjusted sales growth driven by contributions from acquired metal roofing and structures businesses, participation gains in building accessories, and growth in infrastructure. Adjusted EPS increased 11% over the previous year.
Agtech Backlog Increase
The Agtech segment experienced a backlog increase of 71%, with organic backlog growth of 33%, indicating strong future revenue potential despite current project delays.
Infrastructure Margin Improvement
Infrastructure segment's adjusted operating and EBITDA margins improved by 300 and 290 basis points respectively, driven by strong execution and effective supply chain management.
Residential Segment Growth
Adjusted net sales for the Residential segment increased by 8.9%, driven by the acquisition of the Metal Roofing business.
Active M&A and Expansion Initiatives
Gibraltar invested $208 million in M&A to expand its presence in the Building Products segment and plans further expansion with 3 to 4 additional operations before year-end.