Vancouver, BC, March 23, 2026 (GLOBE NEWSWIRE) -- Trident Resources Corp. (TSX-V: ROCK) (OTCQB: TRDTF) (“Trident” or the “Company”) is pleased to announce the appointment of Mr. David T.M. Chan, B.Sc., P.Geo., as Technical Advisor, effective immediately. Mr. Chan is a Professional Geoscientist and NI 43-101 Qualified Person with more than 36 years of international experience in mineral exploration, resource estimation, and geological modelling. He has worked across uranium, gold, and porphyry systems and is ...

Summary of Gibraltar Industries Conference Call Company Overview - **Company Name**: Gibraltar Industries - **Ticker**: ROCK - **Industry**: Building products, residential, ag tech, and infrastructure markets - **Geographic Focus**: 100% North American-based sales - **Recent Acquisition**: OmniMax, completed approximately six weeks prior to the call [1][3] Key Business Segments - **Residential Segment**: - Largest segment, expected to represent over 80% of sales by 2026 [3] - Currently accounts for about 60% of sales in 2024 without OmniMax acquisition [3] - **Agtech Segment**: - Represents approximately 13% of sales [3] - Backlog remains strong despite the removal of a significant project (Arizona project) valued at $80 million [19] - **Infrastructure Segment**: - Accounts for about 5% of sales [3] - Maintains a 25% EBITDA margin over the last three years [20] Demand and Market Conditions - **Demand Trends**: - Cautious outlook for Q1 due to previous inventory corrections and external factors like weather and geopolitical tensions [7][10][11] - Anticipated that 2026 demand will mirror 2025 levels [8] - Residential and light commercial markets represent a $9 billion total addressable market (TAM) in the U.S. [11] - **Market Dynamics**: - Integration of OmniMax is expected to enhance market participation and operational efficiency [4][15] - Competitive landscape is shifting with larger players like Home Depot consolidating suppliers [13] Acquisition of OmniMax - **Strategic Importance**: - Acquisition accelerates Gibraltar's building product strategy by at least two years [25] - Provides a national presence while maintaining local operational capabilities [14] - **Synergy Realization**: - Initial synergy implementation number increased by $4 million, now totaling $24 million for the year [16][31] - Positive customer response noted during the acquisition process, indicating strong market positioning [30] Operational Focus - **Integration Plans**: - Focus on organizational structure and supply chain optimization [29][30] - Emphasis on leveraging AI and machine learning for operational efficiencies [33] - **Product Line Simplification**: - Initiatives aimed at reducing SKU proliferation and optimizing logistics [39][43] - Plans to enhance product specifications to improve supply chain efficiency [41][46] Financial Outlook - **Revenue Growth**: - Expected high single-digit growth in the residential segment, driven by market share gains [52] - Anticipation of multiple expansion as the company simplifies its operations and focuses on core competencies [51] - **Leverage Management**: - Current leverage expected to be between 2 and 2.5 within two years [35] - Focus on cash generation and operational performance to manage leverage effectively [27] Conclusion - **Long-term Vision**: - Gibraltar aims to capture a larger share of the $9 billion TAM in the U.S. residential market without diversifying into unrelated segments [52][53] - The company is committed to enhancing customer experience and operational efficiency through strategic initiatives and integration of OmniMax [53]

Group 1 - Gibraltar Industries, Inc. will participate in two investor conferences in March 2026, including the Sidoti Small Cap Conference on March 18 and the 38th Annual Roth Conference on March 23 [1] - The company is a leading manufacturer and provider of products and services for the residential, agtech, and infrastructure markets, with a mission to improve life for people and the planet through engineering, science, and technology [1] - Gibraltar's website will host a live webcast of the Sidoti presentation, providing investors with direct access to the company's insights [1] Group 2 - Gibraltar Industries reported its financial results for the three and twelve-month period ending December 31, 2025, indicating ongoing performance in its core markets [1] - The company has reclassified its Renewables business as discontinued operations to focus on building products and structural solutions, reflecting a strategic shift in its asset portfolio [1] - Gibraltar sold its Renewables electrical balance-of-systems (eBOS) business to GameChange Energy Technologies for $70 million in cash, marking a significant divestiture aimed at streamlining operations [1]

Core Insights - Gibraltar Industries Inc. reported a 17% adjusted net sales growth in Q4 2025, driven by acquisitions in the metal roofing and AgTech sectors, despite challenges in the residential market due to high interest rates and cautious consumer spending [1] - The company closed the acquisition of OmniMax International, which is expected to enhance its residential business, projected to account for over 80% of total revenue by 2026 [2] - Gibraltar issued guidance for 2026, targeting net sales between $1.76 billion and $1.83 billion, representing a 57% increase at the midpoint, while also outlining a 24-month deleveraging plan to reduce its debt-to-EBITDA ratio to 2.5x [3] Financial Performance - The company maintained an adjusted operating margin of 10.8% and generated $32 million in free cash flow, with a backlog increase of 102% year-over-year [1] - The acquisition of OmniMax is expected to yield $24 million in total synergies, with $15 million anticipated to impact 2026 EBITDA through improved supply chain logistics and cross-selling opportunities [2] Business Segments - Gibraltar Industries operates in three segments: Residential, Agtech, and Infrastructure, providing products and services in these markets both in the US and internationally [4]

Core Insights - Gibraltar Industries reported a 12% adjusted net sales growth for the full year, reaching $1.14 billion, with adjusted operating and EBITDA margins of 13.3% and 16.3% respectively, and an adjusted EPS of $3.92 [1][7] - The company achieved a 17% adjusted net sales growth in Q4, primarily driven by its metal roofing operations and strategic acquisitions, although this was partially offset by a soft residential market and inventory adjustments [3][4][7] - The acquisition of OmniMax International is expected to significantly impact 2026, with management raising synergy targets to $24 million and projecting net sales guidance of $1.76–$1.83 billion for 2026 [6][15][27] Financial Performance - For fiscal 2025, Gibraltar generated $137 million in operating cash flow and ended the year with $116 million in cash, with free cash flow representing 8% of sales [1][7] - In Q4, the company reported an adjusted operating margin of 10.8% and an adjusted EBITDA margin of 13.6%, resulting in an adjusted EPS of $0.76 [2] - The company anticipates approximately $50 million in special charges and over $70 million in interest expense for 2026, with a tax rate of 26% and about $90 million in depreciation and amortization expenses [23] Segment Performance - The Residential segment saw an adjusted net sales increase of $15 million, or 8.9%, driven by acquired metal roofing businesses, although total organic growth declined by 4% due to a soft market [8][9] - AgTech reported net sales growth of approximately $20 million, or 46.6%, attributed to the Lane Supply acquisition, despite a decline in organic volume [11] - Infrastructure net sales rose by $4.4 million, or 24.3%, with strong quoting and bid activity, although backlog decreased by 4% [12] Acquisition and Integration - The OmniMax acquisition was financed with $1.3 billion in term loans and a $500 million revolving credit facility, with plans to reduce net debt below $1.1 billion by year-end 2026 [5][18][19] - Management expects the OmniMax deal to be accretive to adjusted EPS in 2027, but slightly dilutive in 2026 by about $0.09 per share due to interest expenses [24] - The integration plan includes stabilizing the organization and establishing governance through an existing integration management office, with 20 workstreams tracking performance across the network [16][17] 2026 Guidance - Gibraltar's 2026 guidance includes net sales of $1.76 billion to $1.83 billion, with adjusted EPS projected between $3.65 and $4.05 [27] - The company expects to generate free cash flow of approximately 8% of sales, with adjusted operating and EBITDA margins projected at 12.6% to 13.0% and 17.6% to 17.8% respectively [27]

Core Viewpoint - Gibraltar Industries reported quarterly earnings of $0.76 per share, exceeding the Zacks Consensus Estimate of $0.74 per share, but down from $1.01 per share a year ago, indicating a decline in profitability [1] Financial Performance - The company achieved revenues of $268.69 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 1.34%, but down from $302.06 million year-over-year [2] - Over the last four quarters, Gibraltar Industries has surpassed consensus EPS estimates two times and topped consensus revenue estimates just once [2] Stock Performance - Since the beginning of the year, Gibraltar Industries shares have decreased by approximately 0.5%, while the S&P 500 has gained 1.5% [3] - The stock currently holds a Zacks Rank 5 (Strong Sell), indicating expectations of underperformance in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.83 on revenues of $267.4 million, and for the current fiscal year, it is $4.33 on revenues of $1.19 billion [7] - The trend of estimate revisions for Gibraltar Industries was unfavorable prior to the earnings release, which may impact future stock movements [6] Industry Context - The Building Products - Miscellaneous industry, to which Gibraltar Industries belongs, is currently ranked in the bottom 30% of over 250 Zacks industries, suggesting potential challenges ahead [8]

Financial Data and Key Metrics Changes - The company reported a 17% adjusted net sales growth for Q4 2025, driven by metal roofing and structured acquisitions, despite challenges in the residential end market [5][6] - Adjusted operating margin was 10.8% and EBITDA margin was 13.6%, resulting in adjusted EPS of $0.76 for Q4 2025 [7] - For the full year 2025, adjusted net sales grew by 12% to $1.14 billion, with operating and EBITDA margins of 13.3% and 16.3% respectively, leading to adjusted EPS of $3.92 [7][8] Business Line Data and Key Metrics Changes - Residential segment adjusted net sales increased by $15 million or 8.9%, driven by metal roofing businesses, while total segment organic growth decreased by 4% [9] - AgTech net sales grew approximately $20 million or 46.6%, driven by the Lane Supply acquisition, despite a funding delay for a large project [13] - Infrastructure net sales grew by $4.4 million or 24.3%, with backlog decreasing by 4% due to timing of project awards [15] Market Data and Key Metrics Changes - The residential roofing market was softer than expected in the second half of 2025, with significant inventory reduction efforts noted in Q4 [10][11] - The company anticipates continued softness in the residential market in the first half of 2026, with potential recovery in the second half [39] Company Strategy and Development Direction - The acquisition of OmniMax International is expected to accelerate the company's strategy in the building products market, with the residential segment projected to represent over 80% of total business in 2026 [4][17] - The integration of OmniMax is focused on stabilizing the organization, establishing governance, and executing synergy capture to enhance service reliability and commercial excellence [21][24][33] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about the market, noting that affordability and interest rate headwinds remain, but they expect some recovery in the second half of 2026 [11][39] - The company is focused on achieving double-digit operating cash flow as a percentage of sales and free cash flow of approximately 8% for the year [42][47] Other Important Information - The company completed the sale of Terrasmart's EBOS business for $70 million, with proceeds aimed at debt reduction [7][8] - The company expects to realize $24 million in synergies from the OmniMax acquisition, with $15 million expected to flow through to EBITDA in 2026 [33][45] Q&A Session Summary Question: What is the outlook for the residential market? - Management indicated that the residential market is expected to be soft in H1 2026, with some recovery anticipated in H2, and they are building their plan around this market condition [53][56] Question: How will adjusted earnings be distributed throughout the year? - Management expects less than 20% of adjusted EPS in Q1, with a more balanced distribution in H2 as the market improves [58] Question: What is the status of the Arizona AgTech project? - The Arizona project has been removed from backlog due to financing delays, but the company is replacing it with other projects and expects to maintain double-digit margins in AgTech [82]

Financial Data and Key Metrics Changes - The company reported a 17% adjusted net sales growth for Q4 2025, driven by metal roofing and structured acquisitions, despite challenges in the residential end market [5][7] - Adjusted operating margin was 10.8% and EBITDA margin was 13.6%, resulting in adjusted EPS of $0.76 for the quarter [7] - For the full year 2025, adjusted net sales grew by 12% to $1.14 billion, with operating and EBITDA margins of 13.3% and 16.3% respectively, leading to adjusted EPS of $3.92 [7][8] Business Line Data and Key Metrics Changes - Residential segment adjusted net sales increased by $15 million or 8.9%, primarily due to metal roofing businesses, while total segment organic growth decreased by 4% [9] - AgTech net sales grew approximately $20 million or 46.6%, driven by the Lane Supply acquisition, although organic volume decreased [13] - Infrastructure net sales increased by $4.4 million or 24.3%, with backlog decreasing by 4% due to project timing [15] Market Data and Key Metrics Changes - The U.S. residential roofing market was softer than expected in the second half of 2025, with significant inventory reduction efforts noted [10][11] - The company experienced a downshift in demand patterns due to weather events impacting contractor access [11] - AgTech backlog increased by 239%, with organic backlog growing by 187% [13] Company Strategy and Development Direction - The acquisition of OmniMax is expected to accelerate the company's strategy in the building products market, with the residential segment projected to represent over 80% of total business in 2026 [4][17] - The integration of OmniMax is focused on stabilizing the organization, establishing governance, and executing synergy capture [21][24] - The company aims to optimize its product portfolio and enhance service reliability through integration initiatives [25][28] Management's Comments on Operating Environment and Future Outlook - Management anticipates a continued soft market in the first half of 2026, with expectations for improvement in the second half [39] - The company expects to generate double-digit operating cash flow as a percentage of sales and free cash flow of approximately 8% for the year [42] - Management remains cautious about Q1 earnings due to high debt levels and acquisition-related charges [47] Other Important Information - The company completed the sale of TerraSmart's eBOS business for $70 million, with proceeds aimed at debt reduction [7][8] - The company is targeting a leverage ratio of approximately 2.5x adjusted EBITDA by the end of 2027 [48] Q&A Session Summary Question: What is the outlook for the residential market? - Management expects the residential market to remain soft in H1 2026, with potential recovery in H2, and is building plans around this market condition [53][56] Question: How will adjusted earnings be distributed throughout the year? - Management indicated that less than 20% of adjusted EPS is expected in Q1, with a more balanced distribution anticipated in H2 [58] Question: What is the status of the Arizona AgTech project? - The Arizona project has been removed from backlog due to financing delays, but the company is confident in achieving double-digit margins with other projects [82]

Financial Data and Key Metrics Changes - The company reported a 17% adjusted net sales growth for Q4 2025, driven by metal roofing and structured acquisitions, despite challenges in the residential end market [5][6] - Adjusted operating margin was 10.8% and EBITDA margin was 13.6%, resulting in adjusted EPS of $0.76 for the quarter [6] - For the full year, adjusted growth was 12%, reaching $1.14 billion in sales, with adjusted EPS of $3.92 [6][44] Business Line Data and Key Metrics Changes - The residential segment saw adjusted net sales increase by $15 million or 8.9%, primarily due to metal roofing businesses, while total segment organic growth decreased by 4% [8] - AgTech net sales grew approximately $20 million or 46.6%, driven by the Lane Supply acquisition, although organic volume decreased [13] - Infrastructure net sales increased by $4.4 million or 24.3%, with backlog decreasing by 4% due to project timing [14] Market Data and Key Metrics Changes - The residential roofing market was softer than expected in the second half of 2025, with significant inventory reduction efforts noted in Q4 [10][11] - The company anticipates continued headwinds from affordability and interest rates, impacting demand patterns in early 2026 [11] Company Strategy and Development Direction - The acquisition of OmniMax is expected to accelerate the company's strategy in the building products market, with the residential segment projected to represent over 80% of total business in 2026 [4][16] - The integration of OmniMax is seen as a key opportunity for synergy realization, with an expected $24 million in synergies planned for 2026 [33][44] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about the residential market, expecting a soft first half of 2026 with potential recovery in the second half [56] - The company is focused on stabilizing the organization post-acquisition and building a common culture to drive integration success [20][28] Other Important Information - The company completed the sale of Terrasmart's EBOS business for $70 million, with proceeds aimed at debt reduction [6][38] - The company expects to maintain a clear path to a leverage ratio of approximately 2.5x adjusted EBITDA by the end of 2027 [48] Q&A Session Summary Question: What is the outlook for the residential market? - Management indicated that the residential market is expected to be soft in H1 2026, with some recovery anticipated in H2, and emphasized the importance of participation gains through cross-selling opportunities [56] Question: How does the company view the cadence of earnings in H1 versus H2? - Management expects a less pronounced difference in earnings between Q1 and Q2 compared to previous years, with a ramp-up in the second half [58][59] Question: Can you elaborate on the sale of the renewables business? - Management explained that the sale was strategic, with different companies acquiring pieces for various reasons, and emphasized the focus on customer service across all regions [60][62] Question: What are the commercial synergy opportunities with OmniMax? - Management noted that there are multiple areas for commercial synergy, including the Pacific Northwest and Northeast, and highlighted the excitement around cross-selling opportunities [71] Question: What investments have been made in digitization to aid integration? - Management discussed ongoing efforts to integrate ERP systems and improve data visibility across the organization to enhance operational performance [76][78]

FOURTH QUARTER 2025 EARNINGS CALL February 26, 2026 1 SAFE HARBOR STATEMENTS Forward-Looking Statements Certain information set forth in this presentation, other than historical statements, contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 that are based, in whole or in part, on current expectations, estimates, forecasts, and projections about the Company's business, and management's beliefs about future operations, results, and financial positi ...