Gibraltar Announces Preliminary Fourth Quarter and 2025 Results

Core Viewpoint - Gibraltar Industries, Inc. reported preliminary estimated unaudited consolidated financial results for Q4 and the year ended December 31, 2025, indicating a decline in net sales and operating income compared to previous guidance and 2024 results [1]. Financial Results Summary - Q4 2025 Estimates: - Net Sales: $261 - $271 million, down from previous guidance of $283 - $308 million and 2024's $232 million [1] - Operating Income: $13 - $15 million, significantly lower than previous guidance of $33 - $37 million and 2024's $26 million [1] - Adjusted Operating Income: $27 - $29 million, compared to previous guidance of $41 - $45 million [1] - Adjusted EBITDA: $35 - $37 million, down from previous guidance of $48 - $53 million [1] - GAAP EPS: $0.36 - $0.41, lower than previous guidance of $0.82 - $1.73 [1] - Adjusted EPS: $0.72 - $0.77, compared to previous guidance of $1.04 - $1.14 [1] - Full Year 2025 Estimates: - Net Sales: $1,128 - $1,138 million, down from previous guidance of $1,150 - $1,175 million and 2024's $1,023 million [1] - Operating Income: $121 - $123 million, lower than previous guidance of $141 - $145 million [1] - Adjusted Operating Income: $149 - $151 million, compared to previous guidance of $163 - $167 million [1] - Adjusted EBITDA: $184 - $186 million, down from previous guidance of $197 - $202 million [1] - GAAP EPS: $3.21 - $3.26, lower than previous guidance of $3.67 - $4.58 [1] - Adjusted EPS: $3.88 - $3.93, compared to previous guidance of $4.20 - $4.30 [1] Segment Performance - Residential Segment: The building accessories business showed participation gains, helping to offset volume declines in end markets. Adjustments in channel inventory are believed to align better with customer demand entering 2026 [4]. - Agtech Segment: Large project volumes shifted out of 2025, but bookings and backlog more than tripled from the previous year, indicating strong future potential [4]. - Infrastructure Segment: Revenue growth was noted with strong margin performance, contributing positively to overall results [4]. Strategic Outlook - The company anticipates that price increases and cost reduction initiatives implemented in Q4 will benefit results in 2026. There is confidence in the momentum of the building accessories segment and the expected acquisition of Omnimax, which is on track to close in Q1 2026 [1][4]. - The company enters 2026 with a strong backlog in Agtech, solid performance in Infrastructure, and over $115 million in cash, indicating a robust financial position [1].