| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 356.29 | 22.9% |
| Total Income | 356.29 | 22.9% |
| Expenditure | 360.74 | 36.4% |
| PBT | -16.67 | 161.6% |
| Net Profit | -67.47 | 419.5% |
| OPM | -1.25% | 10.05pp |
| NPM | -18.94% | 26.22pp |
| EPS | -2.26 |
Gibraltar Reports Q1 2026 Results: Net Sales Up 44.6%
07 May 2026 · 7 May, 5:16 pm
Summary
Gibraltar Industries reported a 44.6% increase in net sales for Q1 2026, driven by acquisitions including OmniMax. Adjusted EBITDA increased by 16.1%, while adjusted EPS decreased by 50% due to higher interest expenses and unfavorable price material economics. The company is raising its synergy commitment for 2026 to $26 million. Management is pleased with the company's position heading into the second quarter, noting a solid start for the Residential business with shipments and bookings above 2025 levels.
Key Highlights
- 1
Net sales increased by 44.6% due to the inclusion of OmniMax, Lane Supply, and Metal Roofing acquisitions.
- 2
Adjusted EBITDA increased by 16.1% for the first quarter of 2026.
- 3
Adjusted EPS decreased by 50% primarily due to increased interest expense and unfavorable price material economics.
- 4
The company is raising its 2026 synergy commitment to $26 million, with $16 million expected to be realized in full-year 2026 adjusted EBITDA.
- 5
Residential net sales increased 56.3%, driven by OmniMax contributing $89 million and metal roofing acquisitions contributing $18 million.
- 6
Agtech net sales increased 23.6% due to the acquisition of Lane Supply.
- 7
Infrastructure sales decreased 9.9% due to weather events affecting power supply.
Management Comments
Bill Bosway
“The first quarter was very busy with the closing of the OmniMax acquisition on February 2nd and the subsequent launch of our integration efforts across the combined business. There has been significant progress as our 22 integration planning teams have delivered over 500+ milestones in the last 90 days. We are accelerating key initiatives and have raised our synergy commitment again, adding another $2 million for 2026 to a total of $26 million of which $16 million is planned to be realized in full-year 2026 adjusted EBITDA. In parallel, we continued to navigate a slower Residential end market, deal with accelerating commodity inflation, and manage through some disruptive weather events in the quarter.” “I am pleased with the position we are in heading into the second quarter and the second half of the year. Our Residential business is off to a solid start with both shipments and bookings in April on plan and above 2025 levels. Our leadership team and Integration Management Office continue to integrate the business, identify and implement more synergy savings, execute price initiatives to deliver positive price material economics in the second quarter, and win more with customers as we displace competition and/or expand presence through successful cross-selling initiatives. We are focused on what we can control in a dynamic end market environment. In addition, our Agtech plan remains on track with a backlog of signed and funded projects, and I am excited to see the engineering backlog of Infrastructure convert to order backlog in the second quarter as well.”
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