Nov 5, 7:43 AM ET
Gibraltar reported third-quarter 2026 net sales of $479.6 million, up 54.3% from a year earlier, mainly due to the OmniMax acquisition. Diluted adjusted EPS fell to $1.01 from $1.14, and the company lowered its 2026 outlook for the Infrastructure-inclusive business, citing weaker results and a slower fourth quarter. The move matters to shareholders because the company's profit and earnings outlook are both lower, even as sales rose.
- Q3 2026 net sales $479.6 million, up 54.3%; net income from continuing operations $20.6 million, down 38.0%
- Diluted GAAP EPS $0.69 vs $1.11; adjusted EPS $1.01 vs $1.14, down 11.4%
- 2026 adjusted EPS outlook (including Infrastructure) revised to $2.70-$2.85 from $3.65-$4.05 originally
- Infrastructure business (D.S. Brown) to be sold for $208 million, expected to close in Q4 2026
Read the filing on SEC.gov ↗
Nov 5, 7:38 AM ET
Gibraltar Industries said Chief Financial Officer Joseph Lovechio will resign effective November 20, 2026, to pursue another opportunity, and that the filing states his departure was not due to any disagreement on operations, financial reporting, policies or practices. Treasurer Jeffrey Watorek will serve as Interim Chief Financial Officer while the company searches for a permanent successor. The change is a senior finance leadership transition, but the filing includes no financial results or guidance.
- Joseph A. Lovechio resigns as Vice President and CFO, effective November 20, 2026
- Jeffrey J. Watorek, Vice President and Treasurer, appointed Interim CFO, with $5,750 additional biweekly cash compensation
- Lori Rizzo, Vice President and Corporate Controller, appointed principal accounting officer effective November 20, 2026
- Company has commenced a search for its next Chief Financial Officer
Read the filing on SEC.gov ↗
Oct 15, 7:29 AM ET
Gibraltar Industries agreed on October 14, 2026 to sell its D.S. Brown infrastructure business to a subsidiary of Saint-Gobain for $208.0 million in cash, subject to customary adjustments. The company said it plans to use the proceeds to reduce debt, and it will update its 2026 outlook for the sale with its third quarter 2026 report.
- Purchase price is $208.0 million in cash, subject to adjustments for working capital, indebtedness, cash and transaction expenses
- Closing is expected in the fourth quarter of 2026, subject to regulatory approvals; either party may terminate if closing has not occurred by January 31, 2027
- Gibraltar says proceeds will be used to accelerate debt reduction; no stockholder vote is required
- 2026 outlook will be updated for the sale in the third quarter 2026 report
Read the filing on SEC.gov ↗
Aug 5, 7:43 AM ET
Gibraltar reported second-quarter 2026 results with net sales up 64.6% to $509.5 million, driven mainly by the OmniMax acquisition, while GAAP diluted EPS from continuing operations fell 7.1% to $0.92 and adjusted EPS fell 1.8% to $1.11. The company reiterated its full-year 2026 outlook, which implies net sales of $1.76 billion to $1.83 billion and adjusted EBITDA of $310 million to $326 million, so shareholders are weighing a sharp revenue gain against lower per-share earnings.
- Net sales were $509.5 million versus $309.5 million a year earlier; organic growth was 5%.
- GAAP diluted EPS from continuing operations was $0.92 versus $0.99; adjusted EPS was $1.11 versus $1.13.
- Adjusted EBITDA rose 59.7% to $88.0 million; the company recorded $5.8 million of pretax integration and restructuring costs in the quarter.
- Full-year 2026 outlook reiterated: net sales $1.76 billion to $1.83 billion, GAAP EPS $2.40 to $2.80, adjusted EPS $3.65 to $4.05.
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.