Gibraltar Industries(ROCK) - 2025 Q4 - Annual Results

Revenue and Earnings Projections - 2025 revenue is estimated to be between $1,128 million and $1,138 million, down from previous guidance of $1,150 million to $1,175 million[2] - GAAP EPS for 2025 is expected to be between $3.21 and $3.26, significantly lower than the previous guidance of $3.67 to $3.77[2] - Adjusted EBITDA for Q4 2025 is estimated to be between $35 million and $37 million, down from previous guidance of $48 million to $53 million[2] - Operating income for 2025 is projected to be between $121 million and $123 million, compared to previous guidance of $141 million to $145 million[2] Business Segments Performance - The residential segment showed participation gains, which helped offset the impact of slower market conditions and inventory adjustments[3] - The mail and package business is experiencing solid order flow entering 2026, indicating potential growth[5] - Adjusted net sales for the year ended December 31, 2024, totaled $1.012980 billion, with residential segment sales at $772.140 million and agtech sales at $152.811 million[23] - Adjusted operating profit for the year was $148.502 million, resulting in an adjusted operating margin of 14.7%[23] - For the three months ended December 31, 2024, adjusted net sales were $229.325 million, with an adjusted operating profit of $32.687 million[21] - The company reported an adjusted operating margin of 14.3% for the three months ended December 31, 2024[21] Cash Flow and Financial Health - Total backlog increased over 100% entering 2026, with a cash balance of $115 million[1] - Free cash flow for the year was $158.570 million, representing 15.7% of adjusted net sales[23] - Adjusted EBITDA for the year was $177.450 million, with an adjusted EBITDA margin of 17.5%[23] Strategic Initiatives and Acquisitions - The company anticipates benefits from price increases and cost reduction initiatives implemented in Q4 2025[5] - The acquisition of Omnimax is expected to close in Q1 2026, contributing to strengthening the business[5] - Agtech project volume is shifting out of 2025, but bookings and backlog have more than tripled compared to last year[8] Restructuring and Discontinued Operations - The company incurred restructuring and other charges of $2.350 million during the reporting period[18] - The portfolio management segment reported a loss of $26.005 million, impacting overall financial results[18] - The company classified its Renewables business as discontinued operations, affecting financial reporting and measures[19] Income and Tax Provisions - Net income from continuing operations for the year ended December 31, 2024, was $140.786 million, with a provision for income taxes of $37.770 million[23]