What were the key takeaways from Gibraltar Industries's earnings call?

What is the market's earnings forecast for Gibraltar Industries next quarter?

What is the revenue and EPS growth rate for Gibraltar Industries year over year?

What guidance did Gibraltar Industries's management provide for the next earnings period?

What does Gibraltar Industries do and what are its main business segments?

What is Gibraltar Industries's gross profit margin?

Did Gibraltar Industries beat or miss consensus estimates last quarter?

What were the key takeaways from Gibraltar Industries’s earnings call?

- **Revenue Growth**: 13% Q3 adj. net sales driven by Metal Roofing (+$15M) and Building Accessories (+$5.5M), despite Mail and Package decline.
- **Margin Challenges**: Residential op margin -200bps to 14.8%, Agtech op margin -440bps to 12.3% due to integration costs and volume.
- **Cash Flow Strength**: $57M from operations (39% YoY growth), free cash flow 16% of sales vs. 10% target.
- **Strategic Moves**: On track to close Renewables sale; M&A pipeline active in Building Products with ~$10-20M tuck-ins.

**【CEO Opening Remarks】**
- Q3 2025 adjusted net sales grew 13%, driven by Building Accessories (2% growth in a down residential roofing market) and acquired Metal Roofing businesses. However, delays in a large CEA project and lower Mail and Package demand caused revenue to miss plan.
- Adjusted EPS and operating income declined <1% YoY due to business mix and integration costs. Free cash flow reached $49M (16% of sales), up 39% YoY.
- Renewables business sale on track for Q4 closure; M&A pipeline active in Building Products.

**【CFO Financial Commentary】**
- **Residential Segment**: Net sales +9.8% (Metal Roofing +$15M, Building Accessories +$5.5M). Operating margin -200bps to 14.8% due to mix and integration costs. Organic revenue -1%.
- **Agtech Segment**: Net sales +38.8% (Lane Supply acquisition). Operating margin -440bps to 12.3% due to lower volume and integration expenses. Bookings +121% YoY.
- **Infrastructure Segment**: Net sales flat, but margins -740bps due to supplier transition. New D.S. Brown sealant product sold 350 miles in 13 states.
- **Cash Flow**: $57M from operations (39% YoY growth). Free cash flow target 10% of sales for 2025.

**【Q&A Highlights】**
- **Agtech Margins**: CEO expects 15%+ operating margins in near term as mix shifts to higher-margin commercial/institutional projects. Lane Supply integration costs ~$1M/Q3.
- **Mail and Package Outlook**: 90%+ of revenue tied to new construction starts, which remain depressed. Margins stable but growth dependent on housing recovery.
- **M&A Pipeline**: Active in Building Accessories and Metal Roofing, with focus on ~$10-20M tuck-ins. No material multiples disclosed.
- **2025 Guidance**: Net sales $1.15-1.175B (15% growth), adj. EPS $4.20-4.30 (10-12% growth). Free cash flow 10% of sales.


ROCK

ROCK fundamentals

You can ask Aime