Gibraltar Industries(US:ROCK)2025-10-30 11:38Financial Performance - Net sales for Q3 2025 were $310.9 million, representing a 12.2% increase compared to $277.1 million in Q3 2024[6] - Adjusted net sales for Q3 2025 were $310.9 million, up 13.2% from $274.6 million in Q3 2024[6] - The residential segment reported net sales of $230.3 million, an 8.4% increase from $212.4 million in Q3 2024[9] - Agtech segment net sales increased by 38.8% to $57.6 million, driven by strong demand in the structures business[10] - Infrastructure segment net sales were $23.1 million, a slight decrease of 0.4% compared to $23.2 million in Q3 2024[13] - Net sales for the nine months ended September 30, 2025, totaled $866,813 million, with no Non-GAAP adjustments reported[42] - For the nine months ended September 30, 2024, net sales were reported at $791,766 million, with adjusted net sales of $783,655 million[45] Profitability Metrics - Gross profit for Q3 2025 was $82,746 million, slightly up from $81,384 million in Q3 2024, resulting in a gross margin of 26.6%[27] - Operating income decreased to $39,942 million in Q3 2025 from $43,173 million in Q3 2024, reflecting a decline of 5.4%[27] - The company reported a net loss of $89,062 million for Q3 2025, compared to a net income of $34,039 million in Q3 2024[27] - Adjusted EPS is projected to be between $4.20 and $4.30 for 2025, reflecting a 10% to 12% increase from $3.82 in 2024[15] - Adjusted operating margin for Q3 2025 was 13.7%, compared to 12.8% in the previous year[36] - The operating margin for the consolidated results for the nine months ended September 30, 2025, was 14.0%, up from 12.5% previously reported[42] - Adjusted operating margin improved to 14.8%, with the residential segment achieving a margin of 19.9%[62] Cash Flow and Assets - Operating cash flow grew 39% to $57 million in Q3 2025[4] - Cash and cash equivalents decreased to $89,403 million as of September 30, 2025, down from $269,480 million at the beginning of the year[33] - Total current assets increased to $695,448 million as of September 30, 2025, compared to $651,332 million at the end of 2024[30] - Free cash flow for the nine months ended September 30, 2025, was $68,204 thousand, representing 7.9% of adjusted net sales[59] - Cash flow from operating activities for the three months ended September 30, 2025, was $56,750 thousand[53] - Cash flow from operating activities was strong at $131.551 million, supporting overall financial health[62] Outlook and Guidance - The company narrowed its 2025 outlook for net sales to between $1.15 billion and $1.175 billion[3] - GAAP EPS is expected to range between $3.67 and $3.77 for 2025, compared to $4.58 in 2024[15] Acquisitions and Charges - The company incurred $210,455 million in acquisitions during the nine months ended September 30, 2025[33] - The company incurred restructuring charges of $4,115 million and acquisition-related costs of $7,480 million during the nine months ended September 30, 2025[42] - The company incurred restructuring and other charges of $2,350 thousand, impacting the overall financial performance[49] Discontinued Operations - The company reported a significant impact from discontinued operations, with a loss of $214,941 million affecting net sales figures[45] - Adjusted net sales for the same period were $274,574 million, reflecting a decrease from previously reported figures due to discontinued operations[39]