Gibraltar Industries (ROCK) Q2 2026 earnings summary

Executive summary

• Net sales rose 64.6% year-over-year to $510 million in Q2 2026, driven by the OmniMax acquisition and organic growth in Residential (+5%) and AgTech (+8.7%) segments.

• Residential now represents 83% of total revenue, with segment EBITDA margin improving 340 basis points sequentially to 19%.

• Completed divestiture of Renewables business, focusing on core segments and incurring significant impairment and remeasurement charges.

• Integration of OmniMax is progressing, with $17 million in synergy savings realized year-to-date and annualized run rate savings raised to $29.4 million.

• Awarded a major national supply agreement, expanding the distribution network to over 1,700 locations.

Financial highlights

• Adjusted operating income reached $66 million; adjusted EBITDA rose 59.7% to $88 million (17.3% margin).

• Adjusted EPS was $1.11, including a $20.6 million net interest impact; GAAP EPS was $0.92, impacted by $5.8 million in OmniMax-related costs.

• Free cash flow for the quarter was $39–$45 million, representing 7.7–8% of net sales.

• Net debt stood at $1.2 billion at quarter end, with net leverage (pro forma for synergies) at 3.9x.

• Gross profit for the quarter was $132.1 million, up from $87.8 million last year.

Outlook and guidance

• 2026 guidance reiterated: net sales $1.76–$1.83 billion, adjusted EBITDA $310–$326 million, adjusted EPS $3.65–$4.05.

• Free cash flow expected at ~8% of sales; CapEx at 2–3% of sales; tax rate at 26%.

• Net leverage targeted to fall below 2.5x adjusted EBITDA by Q1 2028 through synergy realization and working capital optimization.