Gibraltar Industries reported third quarter 2026 revenue of $479.6 million, surpassing estimates behind the OmniMax acquisition, though adjusted EPS of $1.01 missed the $1.21 expectation. Management lowered full-year 2026 guidance to reflect a 13% contraction in the residential end market and the reclassification of the Infrastructure segment to discontinued operations ahead of its $208 million divestiture.
Key Highlights
- Residential segment net sales surged 73.3% to $399 million, driven by $160.7 million from OmniMax and 3.1% organic growth.
- Management increased its 2026 annualized synergy commitment for the OmniMax integration by $7.3 million to $36.5 million.
- Agtech revenue of $59.3 million was negatively impacted by permitting delays on two major controlled environmental agriculture projects.
- The Agtech order backlog plummeted 55% year-over-year to $45.6 million, though management noted recent post-quarter project awards.