Business
Gibraltar Strategically Shifts Focus to Building Products and Structures Businesses
Board of Directors Approves Plan to Sell Renewables Business Management to Present at CJS Annual New Ideas Summer Conference BUFFALO, N.Y.--(BUSINESS WIRE)--
About this update from Gibraltar Industries, Inc.
[{"type":"text","content":"\nBoard of Directors Approves Plan to Sell Renewables Business\n\n\nManagement to Present at CJS Annual New Ideas Summer Conference\n\n\n BUFFALO, N.Y.--(BUSINESS WIRE)--\nGibraltar Industries, Inc. (Nasdaq: ROCK), a leading manufacturer and provider of products and services for the residential, agtech, renewable energy and infrastructure markets, today announced that its Board of Directors has approved a plan to sell the Renewables business to focus its asset portfolio and resources on its building products and structures businesses – namely the residential, agtech and infrastructure segments.\n\n\n“As part of our ongoing strategic assessment and portfolio evaluation process we assess the overall attractiveness and key drivers of the end markets we are participating in, as well as our ability to extract value and generate returns in each of these end markets. We anticipate a simpler portfolio with the right resources and capital focused on building products and structures markets will yield stronger growth, margin expansion, and cash flow performance which will drive higher returns for our shareholders,” stated Chairman and CEO Bill Bosway. “We have received inquiries, and given our leadership position in the distributive generation market and the strength of our team, we believe this business will be a strong addition for new owners.”\n\n\nIn connection with this plan, the Renewables segment is being reclassified as discontinued operations. Management will update its 2025 outlook and offer complete restated historical results excluding the Renewables segment with its second quarter 2025 report, the timing of which will be announced separately. The Company will provide further comment when they enter into a sale transaction or have otherwise determined that further disclosure is appropriate.\n\n\nPerella Weinberg Partners has been engaged with Gibraltar throughout this strategic assessment and is serving as financial advisor to the Company in this process.\n\n\nAdditionally, Chairman and Chief Executive Officer Bill Bosway and Chief Financial Officer Joe Lovechio are scheduled to meet with investors at the CJS Annual New Ideas Summer Conference on Thursday, July 10, 2025.\n\n\nForward-Looking Statements\n\n\nCertain information set forth in this news release, other than historical statements, contains “forward-looking statement...