Gibraltar Industries(US:ROCK)2025-04-30 13:14Financial Performance - Q1 2025 - Adjusted net sales reached $290 million, showing a slight increase of 0.1%[8] - Adjusted operating income was $36 million, representing 9.9% of sales, an increase of 110 basis points[8] - Adjusted EPS increased by 19% to $0.95[8] - Adjusted EBITDA was $46 million, accounting for 11.3% of sales, a rise of 160 basis points[8] - Free cash flow stood at $2 million, which is 1% of sales[8] Segment Performance - Residential net sales were $180 million in Q1 2025 compared to $182.4 million in Q1 2024, a decrease of 1.3%[13] - Agtech net sales increased by 32.4% to $45 million, driven by the Lane acquisition, while organic sales decreased by 12.6%[25, 27] - Renewables net sales decreased by 15.1% to $43.7 million due to lower volume and field inefficiencies[36, 37] - Infrastructure net sales slightly decreased by 2.7% to $21.3 million[48] Strategic Initiatives and Investments - Order backlog increased by 30% to $434 million[11] - The company invested $210 million in acquisitions in Residential and Agtech[11] - $181 million in shares were repurchased at an average price of $50[11] - Two metal roofing acquisitions were completed on March 31, with combined 2024 net sales of $73 million and an adjusted EBITDA margin of 17.8%[23] Outlook and Guidance - The company is reiterating its 2025 guidance, projecting net sales between $1.40 billion and $1.45 billion[58] - Adjusted EBITDA is expected to be between $234.5 million and $246.4 million[58] - Adjusted EPS is projected to be between $4.80 and $5.05[58] - Free cash flow is expected to be approximately 10% of net sales[53, 58]