Core Insights - Gibraltar Industries reported a 13% growth in GAAP revenue, reaching $309.5 million, but fell short of analyst expectations of $379.9 million [1][5] - Adjusted EPS increased by 10.8% to $1.13, missing the expected non-GAAP EPS of $1.18 [1][2] - The company experienced significant growth in backlog, particularly in project-driven segments, but faced challenges with lower margins and integration costs from recent acquisitions [1][6] Financial Performance - GAAP revenue for Q2 2025 was $309.5 million, a 13.1% increase year-over-year, but missed estimates by $70.4 million [2][5] - Adjusted EPS was $1.13, up from $1.02 in Q2 2024, but below the estimate of $1.18 [2][6] - Free cash flow was reported at $25.3 million, with a margin of 8.2%, down from 15.9% in Q2 2024 [2][6] Business Segments Overview - Residential segment adjusted net sales reached $230.3 million, an 8.9% increase, but operating margin decreased by 90 basis points to 19.5% [7][13] - Agtech segment revenue grew by 56.8%, driven by the acquisition of Lane Supply, although organic sales were lower [8][14] - Infrastructure segment saw a 1.6% increase in GAAP net sales and a 300 basis-point improvement in operating margin to 28.1% [10][15] Strategic Focus and Acquisitions - The company is diversifying through acquisitions and expanding into new geographies and product lines, with a focus on operational execution and financial management [4][12] - Recent acquisitions in metal roofing have broadened geographic reach and contributed to sales growth [13] - The company is divesting its renewables business to concentrate on residential, agtech, and infrastructure sectors [10][15] Backlog and Future Outlook - Backlog grew by 43% year-over-year, with agtech backlog increasing by 71% [11] - Management reaffirmed guidance for GAAP net sales between $1.15 to $1.20 billion for the full year, indicating growth of approximately 13.9%–18.8% [16] - Adjusted EPS is projected between $4.20 and $4.45, representing a 10% to 16% increase over the prior year [16][17]