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Gibraltar supplies residential building products and agricultural structures. Its OmniMax acquisition expanded its roofing and rainwater-management businesses.
Gibraltar Industries makes residential building products, including roofing accessories, rainwater-management products and ventilation equipment. It also supplies greenhouses and other structures through Agtech. Its Infrastructure business, D.S. Brown, makes products used in roads and bridges and is under an agreement to be sold to Saint-Gobain. Gibraltar trades on Nasdaq under ROCK.
Gibraltar completed the OmniMax acquisition on February 2, 2026, adding roofing accessories and rainwater-management products. The acquisition was funded with cash and debt. Its Renewables exit was completed in July 2026; Renewables is excluded from the continuing-operation figures below.
| Measure | 2025 | 2026 |
|---|---|---|
| Sales | $310.9 | $479.6 |
| Reported net income | $33.2 | $20.6 |
| Adjusted net income | $34.0 | $30.1 |
| Adjusted EBITDA | $51.4 | $83.5 |
| Adjusted diluted earnings per share | $1.14 | $1.01 |
| Operating cash flow | $56.8 | $9.4 |
The 2026 figures include OmniMax. Adjusted net income excludes restructuring and acquisition-related costs; adjusted EBITDA also strips out interest, tax, depreciation and other specified items. Residential organic growth was 3.1% in Q3. Agtech's September backlog was $45.6 million after project delays. One delayed project has since received permitting approval; Gibraltar expects approval for the other in December.
In August, Gibraltar reaffirmed full-year adjusted EBITDA of $310 million to $326 million and adjusted earnings of $3.65 to $4.05 a share, including Infrastructure and OmniMax. The November forecast on the same business scope fell to $264 million to $271 million and $2.70 to $2.85 a share.
After removing Infrastructure from continuing operations, the new forecast is $242 million to $249 million in adjusted EBITDA, $2.25 to $2.40 in adjusted earnings per share and $1.64 billion to $1.66 billion in sales. Management assumes no near-term market recovery.
At September 30, 2026, debt had a carrying value of $1.238 billion. Cash and cash equivalents were $35.2 million, with another $451.3 million available on the revolving credit facility. Continuing operations generated $19.4 million of cash in the first nine months, compared with $105.4 million a year earlier. Working capital, vendor-payment timing and settlement of a 2025 energy-tax-credit purchase obligation affected that comparison.
The October agreement to sell D.S. Brown for $208 million in cash is expected to close in Q4, with proceeds intended for debt reduction. The sale is pending; the September results still include Infrastructure. Gibraltar expects to present it as a discontinued operation beginning with Q4 reporting.
The next useful checks are whether the sale closes, debt and interest costs fall, and Agtech's delayed work converts into revenue. In Residential, the test is how much of the targeted $36.5 million annualized savings is realized as market demand remains weak.
The annual adjusted EBITDA forecast fell about 16% at the midpoint even with Infrastructure still included. A weaker housing market is changing the outlook for the enlarged company.