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• Adjusted Sales: Flat for the quarter.

• Adjusted Operating Income: Improved by 110 basis points.

• EPS: Improved by 19%.

• Operating Cash Flow: $14 million.

• Free Cash Flow: $2 million.

• Consolidated Backlog: Up 30% to $434 million.

• Agtech Bookings: Increased 226% year-over-year.

• Infrastructure Bookings: Up 11% year-over-year.

• Renewables Bookings: Up 3% year-over-year, 90% sequentially.

• Residential Net Sales: Decreased by $2.4 million or 1.3%.

• Residential Adjusted Operating EBITDA Margins: Decreased 80 basis points.

• Agtech Net Sales: Increased 32.4%.

• Agtech Organic Net Sales: Decreased 12.6%.

• Agtech Adjusted Operating Margins: Expanded 270 basis points.

• Renewables Adjusted Net Sales: Decreased $7.8 million or 15.1%.

• Renewables Adjusted EBITDA Margin: Improved 100 basis points.

• Infrastructure Net Sales: Decreased $0.6 million or 2.7%.

• Infrastructure Adjusted Operating Margins: Improved 230 basis points.

• Cash on Hand: $25 million.

• Available Revolver: $395 million.

• Share Repurchase: $62 million used to repurchase approximately 915,000 shares.

• 2025 Guidance - Net Sales: $1.4 billion to $1.45 billion, growth of 8% to 12%.

• 2025 Guidance - Adjusted Operating Margin: 13.9% to 14.2%.

• 2025 Guidance - Adjusted EPS: $4.80 to $5.05, growth of 13% to 19%.

• Warning! GuruFocus has detected 6 Warning Signs with CHKLQ.PFD.

Release Date: April 30, 2025

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points

• Gibraltar Industries Inc (NASDAQ:ROCK) reported a 19% improvement in EPS due to strong margin performance in Residential, Agtech, and Infrastructure segments.

• The company achieved a record consolidated backlog, up 30% to $434 million, with significant increases in Agtech bookings (226%) and Infrastructure (11%).

• The Lane Supply acquisition contributed positively to sales, margins, and backlog growth, supporting the company's expansion in the Residential and Agtech markets.

• Gibraltar Industries Inc (NASDAQ:ROCK) has repurchased 91% of its current $200 million stock repurchase authorization and announced a new three-year $200 million program.

• The company maintained its full-year 2025 guidance, expecting net sales growth between 8% and 12% and adjusted EPS growth of 13% to 19%.

Negative Points

• Net sales for the Residential segment decreased by 1.3% due to lower retail store traffic and soft end market activity.

• Renewables segment faced challenges with a 15.1% decrease in adjusted net sales and a 23% decline in backlog, leading to a reduced revenue outlook.

• The company anticipates potential delays in project schedules due to new tariffs and regulatory uncertainties in the Renewables sector.

• Adjusted operating EBITDA margins in the Residential segment decreased by 80 basis points due to volume and product line mix impacts.

• The company faces ongoing industry uncertainty in the solar market, impacting its Renewables business outlook for the first half of 2025.