Gibraltar Industries, Inc. · NASDAQ:ROCK
Gibraltar Industries — Q1 2026 Earnings Presentation
15 slides from Gibraltar Industries's earnings presentation, May 7, 2026
Slide 1: First Quarter 2026 Earnings Call
FIRST QUARTER 2026 EARNINGS CALL May 7, 2026 1
Slide 2: Safe Harbor Statements
SAFE HARBOR STATEMENTS Forward-Looking Statements Certain information set forth in this presentation, other than historical statements, contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that are based, in whole or in part, on current exp
Slide 3: First Quarter 2026 Review
FIRST QUARTER 2026 REVIEW NET SALES ADJUSTED § Driven by OmniMax and metal roofing and structures acquisitions $356M +44.6% NET SALES § Market softness in Residential § Volume impacted by timing of projects / shipments in Agtech and ADJUSTED Infrastructure OPERATING $31M 8.6% INCOME INCOME & CASH §
Slide 4: Residential
RESIDENTIAL ADJUSTED PROFIT MEASURES* NET SALES* OPERATING MARGIN* EBITDA MARGIN* Q1 26 Q1 25 Q1 26 Q1 25 Q1 26 Q1 25 $281.4 18.0% 19.7% $180.0 11.0% 15.6% +56.3% -700 bps -410 bps NET SALES ADJUSTED OPERATING & EBITDA MARGIN § Driven by two months of OmniMax contribution ($89M) § Lower volume relat
Slide 5: Residential Roofing Market
RESIDENTIAL ROOFING MARKET ARMA SHIPMENTS 2019 - 2026 2026 ARMA SHIPMENTS – Q1 Squares (M) Vs. Prior Year Q1’26 Vs. Q4’25 55 140 161 169 158 169 172 154 Northeast (10.2%) 22.5% 50 Southeast (24.6%) 26.3% Southwest (0.6%) 56.4% 45 Midwest (5.4%) 58.3% 40 West (0.5%) 39.2% Florida (34.2%) 57.1% 35 Tex
Slide 6: Footprint Helping to Drive Commercial Synergies and Participation Faster Than Expected
FOOTPRINT HELPING TO DRIVE COMMERCIAL SYNERGIES AND PARTICIPATION FASTER THAN EXPECTED NATIONAL OPERATING FOOTPRINT HELPING DRIVE SYNERGIES & PARTICIPATION Residential (24) OmniMax Facilities (15) 1 GEOGRAPHIC EXPANSION WA MT ME Gained business in 40+ new customer branches through ND OR MN Barrie, O
Slide 7: Integration Update
INTEGRATION UPDATE After 90 days, the combined business has evolved from Organizational Transition to capturing synergy opportunities ü IMO focus shifting from integration to transformation & synergy capture Q4 Product 80/20 ü Combined & communicated 2026 financial plans & goals 2026 Assessment & St
Slide 8: The IMO Will Pivot From Integration Needs to Ongoing Transformation Activities in May
THE IMO WILL PIVOT FROM INTEGRATION NEEDS TO ONGOING TRANSFORMATION ACTIVITIES IN MAY PRE-DAY 1 FIRST 100 DAYS POST 100 DAYS § Set up IMO and integration § Create and execute Day 100 § Narrow focus to high-value governance integration charters & workplans workstreams with key synergies § Finalize wo
Slide 9: 2026 Annualized Synergy Savings Continue to Run Well Ahead of 1st 12-Month Plan
2026 ANNUALIZED SYNERGY SAVINGS CONTINUE TO RUN WELL AHEAD OF 1ST 12-MONTH PLAN OF $20M § Direct spend – steel / aluminum / resin 2026 SYNERGY PLAN ($M) Supply Chain § Indirect spend – MRO, packaging, leases, etc. Original Plan Annualized Realized In FY 1st 12 Months Run Rate 2026 § Organization opt
Slide 10: Agtech
AGTECH ADJUSTED PROFIT MEASURES* NET SALES* OPERATING MARGIN* EBITDA MARGIN* Q1 26 Q1 25 Q1 26 Q1 25 Q1 26 Q1 25 $55.6 10.8% 14.1% $45.0 10.5% 6.3% +23.6% -450 bps -360 bps NET SALES ADJUSTED OPERATING & EBITDA MARGIN § Growth driven Lane Supply acquisition – performing § Driven by lower volume with
Slide 11: Infrastructure
INFRASTRUCTURE ADJUSTED PROFIT MEASURES* NET SALES* OPERATING MARGIN* EBITDA MARGIN* Q1 26 Q1 25 Q1 26 Q1 25 Q1 26 Q1 25 $21.3 24.7% 28.2% $19.2 23.3% 19.3% -9.9% -540 bps -490 bps NET SALES ADJUSTED OPERATING & EBITDA MARGIN § Impacted by two separate weather events in March that § Impacted by volu
Slide 12: First Quarter 2026 Balance Sheet and Cash Flow
FIRST QUARTER 2026 BALANCE SHEET AND CASH FLOW LIQUIDITY AND DEBT ($M) WORKING CAPITAL Cash and Liquidity Q1 2026 USED CASH OF $43M Q126 Sources Cash and Cash Equivalents $20 § AP $ 47M Availability under Revolver 467 Q126 Uses § AR $ 56M Total Available Liquidity $487 § Inventory $ 20M § Other Asse
Slide 13: Deleveraging Roadmap: Multiple Drivers
DELEVERAGING ROADMAP: MULTIPLE DRIVERS YEAR 1 YEAR 2 DELEVERAGING PLAN Future Capital Allocation + Strong EBITDA Margin % + Strong EBITDA Margin % 4.5 § M&A + Synergy Realization + Additional Synergy Realization § Share repurchase 4.0 + Working Capital Optimization + Continued Working Capital Optimi
Slide 14: 2026 Key Assumptions
2026 KEY ASSUMPTIONS BUSINESS DRIVERS FREE CASH FLOW § OmniMax* § Expect FCF generation throughout the remainder of year – Closed February 2nd - Eleven months of § Working capital initiatives begin in Q2 accelerating in Q3 / ownership in 2026 Q4 – Omnimax plus synergies ~$570M adjusted net § Expect
Slide 15: Reiterating 2026 Guidance and Key Assumptions
REITERATING 2026 GUIDANCE AND KEY ASSUMPTIONS OmniMax + 2025 2026 Synergies Adjusted Net Sales $1.14B $1.76 – $1.83B ~0.57B Operating Income GAAP $123M $171 – $187M Adjusted $151M $222 – $238M ~$70M Adjusted EBITDA $185M $310 – $326M ~$120M Operating Margin GAAP 10.8% ~ 9.7% – 10.2% Adjusted 13.3% ~