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BUFFALO - On Wednesday, Gibraltar Industries , Inc. (NASDAQ:ROCK) reported second quarter adjusted earnings that fell short of analyst expectations, though the company maintained its full-year guidance as it continues to focus on its building products and structures businesses following the planned divestiture of its Renewables segment.
The manufacturer of products for residential, agtech, and infrastructure markets posted adjusted earnings per share of $1.13, missing the analyst estimate of $1.18. Revenue came in at $309.5 million, significantly below the consensus estimate of $381.38 million. Despite the miss, adjusted net sales increased 14.3% YoY, while adjusted earnings rose 10.8%.
"We executed well in the second quarter with adjusted net sales up 14% and adjusted EPS up 11%, and we generated $44 million of operating cash flow as we had strong performance from our recently acquired metal roofing and structures businesses and we delivered market participation gains in building accessories," stated Chairman and CEO Bill Bosway.
The company’s Residential segment, which accounts for the largest portion of revenue, saw adjusted net sales increase 8.9% to $230.3 million, while the Agtech segment experienced 56.8% growth to $54.1 million, bolstered by the Lane Supply acquisition. The Infrastructure segment posted modest growth of 1.6% to $25.2 million.
Gibraltar maintained its full-year 2025 guidance, projecting revenue between $1.15 billion and $1.20 billion and adjusted EPS of $4.20 to $4.45. The company noted that backlog increased 43% YoY, with particularly strong bookings in its project-based businesses.
"Based on our first half results, the current macro environment, and today’s outlook across our end markets, we expect to deliver growth, solid margins, and strong cash flow in 2025 from continuing operations," Bosway added.
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