Quarterly ResultMay 7, 2026, 09:57 AM
Gibraltar Industries Q1 Net Loss $67.47M; OmniMax Acquired for $1.34B
AI Summary
Gibraltar Industries reported a significant net loss of $67.47 million, or $2.26 per diluted share, for the first quarter of 2026, a sharp decline from net income of $21.12 million in Q1 2025. This loss was heavily impacted by a $55.42 million loss from discontinued operations and $23.82 million in acquisition-related costs. The company completed the acquisition of OmniMax International for $1.344 billion, which contributed $88.9 million in net sales but also a $2.4 million operating loss since the acquisition date.
Key Highlights
- Acquired OmniMax for $1.344 billion on February 2, 2026, expanding residential segment.
- Reported Q1 net loss of $67.47 million, compared to net income of $21.12 million in Q1 2025.
- Diluted EPS was a loss of $2.26, down from income of $0.69 in the prior year period.
- Net sales increased to $356.29 million from $246.36 million year-over-year.
- Loss from discontinued operations significantly increased to $55.42 million from $2.00 million.
- Incurred $23.82 million in acquisition-related costs in Q1 2026.
- Long-term debt rose to $1.22 billion at March 31, 2026, from zero at Dec 31, 2025.
- OmniMax contributed $88.9 million in net sales and $2.4 million operating loss since acquisition.