Gibraltar Industries (ROCK) Q4 2025 earnings summary

Executive summary

• Adjusted net sales for 2025 reached $1.14B, up 12% year-over-year, with Q4 net sales at $269M, up 17% compared to Q4 2024, despite a soft residential market and inventory right-sizing.

• Adjusted operating income for 2025 was $151M (13.3% margin), and adjusted EBITDA was $185M (16.3% margin); Q4 adjusted EBITDA was $36.6M.

• Adjusted EPS for the year was $3.92, up 3% year-over-year, while Q4 adjusted EPS was $0.76, down 15% from Q4 2024.

• The acquisition of OmniMax International closed in February 2026, accelerating the strategy to lead the building products market, with residential expected to represent over 80% of business in 2026.

• The renewables eBOS business was sold for $70 million, and the sale of the remaining renewables racking and foundations business is expected to close in early Q2 2026.

Financial highlights

• Q4 adjusted operating margin was 10.8% and EBITDA margin 13.6%, with adjusted EPS of $0.76; full-year adjusted EPS was $3.92.

• Operating cash flow for the year was $137 million, with $116 million in cash at year-end and free cash flow at 8% of sales.

• 2026 guidance: consolidated net sales of $1.76–$1.83 billion, adjusted operating margin 12.6–13%, adjusted EBITDA margin 17.6–17.8%, and adjusted EPS of $3.65–$4.05.

• Residential segment net sales grew 6.7% year-over-year to $824.1M, with Q4 up 8.9% to $183.5M.

• Agtech segment net sales rose 43.5% to $219.3M for the year, driven by the Lane Supply acquisition.

Outlook and guidance

• 2026 adjusted net sales guidance is $1.76B–$1.83B, including OmniMax and synergies; adjusted EBITDA at $310M–$326M.

• Adjusted EPS guidance for 2026 is $3.65–$4.05; free cash flow expected to remain at ~8% of sales.

• Residential market expected to remain soft in H1 2026, with improvement in H2; Q1 earnings and free cash flow will be lowest due to post-acquisition debt and charges.

• OmniMax expected to contribute ~$570 million in 2026 revenue and be accretive to adjusted EPS in 2027; slightly dilutive in 2026 by $0.09 per share.

• Focused on debt paydown and synergy realization from OmniMax acquisition.