February 19, 2025 1 SAFE HARBOR STATEMENTS FOURTH QUARTER 2024 EARNINGS CALL 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 ...

Gibraltar Industries (ROCK) came out with quarterly earnings of $1.01 per share, beating the Zacks Consensus Estimate of $0.94 per share. This compares to earnings of $0.85 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.45%. A quarter ago, it was expected that this building-products company would post earnings of $1.26 per share when it actually produced earnings of $1.27, delivering a surprise of 0.79%.Over the last four q ...

Financial Performance - Consolidated net sales decreased by $69.0 million, or 5.0%, to $1.3 billion for 2024 compared to 2023[133]. - Net income for 2024 was $137.3 million, representing 10.5% of net sales, compared to $110.5 million, or 8.0%, in 2023[133]. - The Residential segment's net sales decreased by 4.0%, or $32.3 million, to $782.5 million in 2024[134]. - Consolidated backlog decreased by 24% to $252 million from $330 million at the end of the prior year[133]. - The Company reported a gross profit margin of 26.9% for 2024, up from 26.3% in 2023[133]. - Selling, general, and administrative expenses were $197.5 million, maintaining a consistent 15.1% of net sales for both years[133]. - The Agtech segment experienced a revenue increase of $7.8 million, reaching $152.8 million in 2024[133]. - Net sales in the Renewables segment decreased by 13.7%, or $45.3 million, to $285.4 million in 2024 compared to $330.7 million in 2023[135]. - Net sales in the Agtech segment increased by 5.4%, or $7.8 million, to $152.8 million in 2024 compared to $145.0 million in 2023[136]. - Net sales in the Infrastructure segment increased by 0.9%, or $0.8 million, to $88.0 million in 2024 compared to $87.2 million in 2023[137]. - The gross profit for 2024 was $351.828 million, compared to $361.966 million in 2023 and $318.694 million in 2022[190]. - The basic earnings per share for 2024 were $4.50, compared to $3.61 in 2023 and $2.57 in 2022[190]. - Total comprehensive income for 2024 was $134,128,000, up from $111,851,000 in 2023, indicating a 19.9% increase[193]. Liquidity and Capital Structure - The Company reported a liquidity of $664.6 million as of December 31, 2024, including $269.5 million in cash and $395.1 million available under its revolving credit facility[29]. - The Company had no outstanding indebtedness as of December 31, 2024, with $395.1 million available for borrowing under its revolving credit facility[99]. - Cash and cash equivalents rose significantly to $269,480,000 in 2024, compared to $99,426,000 in 2023, marking a 171.5% increase[198]. - Total current assets increased to $651,332,000 in 2024, up from $462,251,000 in 2023, reflecting a 40.9% growth[196]. - Stockholders' equity grew to $1,048,034,000 in 2024, compared to $914,998,000 in 2023, an increase of 14.6%[196]. - The Company’s ability to raise capital may be limited by increased leverage and debt service obligations, affecting operational flexibility[99]. Operational Highlights - The Company operates 30 facilities, including 23 manufacturing facilities, across 16 states, Canada, and China[21]. - The Company has implemented enterprise resource planning systems and a corporate-wide SIOP process to manage inventory and forecast customer orders effectively[45]. - The Company focuses on innovation in its product offerings, including new efficient-installation ventilation solutions and next-generation mailboxes[35]. - The Company has implemented significant restructuring and integration activities, which may involve material costs and risks associated with achieving anticipated savings[88]. - The Company actively protects its intellectual property through trademark, copyright, and patent registrations, which provide a competitive advantage in the market[48]. Market and Economic Factors - Demand for products in the Residential segment is significantly influenced by economic factors such as inflation, interest rates, and consumer confidence, which could materially affect the Company's business[75]. - The combination of high interest rates and inflation has reduced the affordability of mortgages, potentially leading to decreased demand for the Company's residential products[76]. - The Company anticipates that ongoing trends of high interest rates and inflation may continue to impact repair, remodel, and new construction activity, affecting demand for its products[76]. - The Company is exposed to commodity price fluctuations for its principal raw materials, including steel and aluminum, which can impact its business and profitability[71]. - Tariffs on imported steel and aluminum have increased costs, potentially affecting the Company's income from operations and customer demand[100]. - The Company faces risks related to tariffs and import restrictions on solar modules, which have caused project delays and could further impact operating results[74]. Corporate Governance and Social Responsibility - The Company emphasizes a commitment to corporate social responsibility, aiming to create a positive impact on people and the planet[18]. - The Company’s strategy is built on three core pillars: Business System, Portfolio Management, and Organization Development, aimed at sustainable growth[16]. - The Company has a disciplined safety management process, with monthly reviews of safety performance by the CEO[60]. - The Company is subject to various data privacy and security laws, requiring significant expenditures for compliance, which may impact financial results[95]. - The Company continues to focus on cybersecurity, with regular assessments and updates to the Board of Directors on its cybersecurity posture[114]. Workforce and Demographics - The Company employed 2,097 full-time employees and 10 part-time employees as of December 31, 2024, with 747 classified as salaried and 1,360 as hourly[58]. - The Company's workforce demographics show that 30.4% are female and 69.3% are male, with 55.5% identifying as White and 20.3% as Hispanic or Latino[64][66]. Acquisitions and Divestitures - The Company acquired Lane Supply, Inc. for $120 million in cash on February 11, 2025, expanding its Agtech segment[30]. - The Company sold its electronic locker business for net proceeds of $28 million on December 17, 2024[31]. - The Company’s strategy includes seeking additional acquisition opportunities, but risks include failure to identify candidates and integration challenges[96].

GIBRALTAR ANNOUNCES FOURTH QUARTER 2024 FINANCIAL RESULTS 2024 EPS: GAAP up 24%, Adjusted up 4% on 5% Net Sales Decrease Strong 2024 Cash Generation of $174 Million Expands Agtech's Structures Business with Acquisition of Lane Supply 2025 Guidance: Net Sales $1.40B – $1.45B, GAAP EPS $4.25 - $4.50, Adjusted EPS $4.80 - $5.05 Buffalo, New York, February 19, 2025 – Gibraltar Industries, Inc. (Nasdaq: ROCK), a leading manufacturer and provider of products and services for the residential, renewable energy, agt ...

Vancouver, BC, Jan. 24, 2025 (GLOBE NEWSWIRE) -- Eros Resources Corp. (TSXV:ERC) (OTCQB:EROSF) (“Eros”), MAS Gold Corp. (TSXV: MAS) (“MAS Gold”) and Rockridge Resources Ltd. (TSXV: ROCK) (“Rockridge”) are pleased to announce that, further to their news release dated October 1, 2024, the companies have completed their three-way merger transaction (the “Transaction”) pursuant to the business combination agreement dated September 30, 2024 (the “Business Combination Agreement”), whereby Eros acquired all of th ...

Company Overview - Rockridge Resources Ltd. is a public mineral exploration company focused on acquiring, exploring, and developing mineral resource properties in Canada, particularly in copper and gold [3] - The company owns the Knife Lake Project in Saskatchewan, which is recognized as a top mining jurisdiction and hosts a VMS deposit with strong discovery potential [3] - Rockridge also owns the Raney Gold Project, a high-grade gold exploration project located in a region known for significant gold mining camps [4] Recent Developments - Rockridge has received final court approval for a proposed statutory plan of arrangement, allowing Eros to acquire all outstanding common shares of MAS Gold and Rockridge in exchange for Eros common shares [1] - The completion of the arrangements is anticipated within the month, subject to customary closing conditions, after which Rockridge's shares will be delisted from the TSX Venture Exchange [2] Project Highlights - The Knife Lake Deposit is a near-surface Cu-Co-Au-Ag-Zn deposit that is open along strike and at depth, indicating strong exploration potential [3] - Recent drilling at the Raney Gold Project yielded significant results, with drill hole RN 20-06 intersecting 28.0 g/t gold over 6.0 meters at a shallow depth, marking the best result from the project to date [4]

Core Viewpoint - Rockridge Resources Ltd. has successfully obtained shareholder approval for a three-way merger with Eros and MAS Gold, which is expected to create a well-financed gold and copper company focused on the La Ronge gold belt in Saskatchewan [2][4]. Voting Results - A total of 51,050,981 common shares, representing approximately 41% of the outstanding shares, were voted at the Annual General and Special Meeting [2]. - Shareholders voted in favor of all matters, including the merger transaction [2]. Board of Directors - The newly formed board of directors includes Jonathan Wiesblatt, Jordan Trimble, Joseph Gallucci, Tim Termuende, and Ross McElroy, who will serve for the upcoming year [3]. Transaction Details - Upon completion of the merger, Rockridge shareholders will receive 0.375 common shares of Eros for each Rockridge share held, while MAS Gold shareholders will receive 0.25 Eros shares for each MAS Gold share held [4]. - Existing shareholders will own approximately 42.37% of the combined company (Eros), 37.33% (MAS Gold), and 20.30% (Rockridge) post-transaction [4]. Future Outlook - The merger is expected to position the new company to capitalize on strengthening gold and copper markets, with six exploration projects in Saskatchewan [4]. - The transaction is anticipated to close by mid-January 2025, pending customary closing conditions and court approval [5]. Company Profile - Rockridge Resources Ltd. is focused on the acquisition, exploration, and development of mineral resource properties in Canada, particularly in copper and gold [7]. - The company’s Knife Lake Project is located in Saskatchewan, recognized as a top mining jurisdiction, and hosts a near-surface copper-cobalt-gold-silver-zinc deposit [7].

Gibraltar Industries, Inc. (NASDAQ: ROCK ) is a $2.2 billion manufacturer that specializes in providing products and services in four main areas: renewables, residential, Agtech, and infrastructure. Given this segmented positioning, the company is exposed to diverse end-markets which range from solar market developers, repair, and remodeling, to car washes, botanical gardens, andI specialize in analyzing individual stocks. With a strong educational background in both finance and economics, I’ve developed a ...

Gibraltar Industries, Inc. (ROCK) reported mixed third-quarter 2024 results. Earnings beat the Zacks Consensus Estimate, but revenues missed the same.See the Zacks Earnings Calendar to stay ahead of market-making news.Shares of ROCK have gained 4.7% during the trading session on Oct. 30, 2024.Gibraltar’s third-quarter performance was aligned with forecasts, with Renewables and Residential segments meeting expectations and Agtech sales rising more than 30%. Improved margins across three of four segments gene ...

Financial Performance - Q3 2024 - Adjusted net sales were $361 million, a decrease of 6%[5] - Adjusted operating income was $50 million, with a margin of 136%, down 120 bps[5] - Adjusted EPS was $127, a decrease of 7%[5] - Adjusted EBITDA was $59 million, with a margin of 117%, down 100 bps[5] - Free cash flow was $59 million, representing 16% of sales[5] Segment Performance - **Residential:** Net sales decreased by 67% to $2124 million[6], but operating and EBITDA margins increased by 110 bps and 120 bps respectively[6] - **Renewables:** Net sales decreased by 172% to $841 million[9], and operating margin decreased by 1040 bps[9] - **Agtech:** Net sales increased by 118% to $1101 million[14], and operating margin increased by 450 bps[15] - **Infrastructure:** Net sales increased by 29% to $699 million[18], and operating margin increased by 230 bps[19] Outlook - The company is confirming updated 2024 guidance, with adjusted net sales expected to be between $131 billion and $133 billion[22] - Adjusted EPS is projected to be between $411 and $425[22] - Free cash flow is expected to be approximately 10% of net sales[20, 22]