AcquisitionsAug 5, 2026, 08:15 AM
Gibraltar Industries Acquires OmniMax for $1.34B; Q2 Sales Up 65%
AI Summary
Gibraltar Industries completed the acquisition of OmniMax International, LLC for $1.343 billion in February 2026, significantly expanding its residential roofing accessories and rainwater management systems business. This acquisition was funded by new long-term debt facilities totaling $1.275 billion. For the second quarter of 2026, net sales increased by 64.6% to $509.5 million, but net income decreased by 68.5% to $8.2 million, primarily due to substantial losses from discontinued operations and acquisition-related costs.
Key Highlights
- Acquired OmniMax International, LLC for $1.343 billion on February 2, 2026.
- Entered new credit agreement for $1.275 billion, including Term Loan A, Term Loan B, and Revolving Credit Facility.
- Q2 2026 net sales increased 64.6% to $509.5 million from $309.5 million in Q2 2025.
- Q2 2026 net income decreased 68.5% to $8.2 million ($0.28 EPS) from $26.0 million ($0.87 EPS) in Q2 2025.
- Six months 2026 net sales increased 55.7% to $865.8 million from $555.9 million in H1 2025.
- Six months 2026 net loss was $59.3 million ($(1.99) EPS) compared to net income of $47.1 million ($1.57 EPS) in H1 2025.
- Loss from discontinued operations was $19.1 million in Q2 2026 and $74.6 million in H1 2026.
- Cash and cash equivalents were $15.1 million as of June 30, 2026, down from $115.7 million at year-end 2025.
Price Impact
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