M&A - GIBRALTAR INDUSTRIES, INC.

Form Type: 10-Q

Filing Date: 2025-04-30

Corporate Action: Acquisition

Type: New

Accession Number: 000091256225000020

Filing Summary: GIBRALTAR INDUSTRIES, INC. reported its financial results for the quarter ended March 31, 2025, indicating net sales of $290,015,000 compared to $292,506,000 in the same quarter of the previous year. The cost of sales for the quarter was $212,315,000. The company reported a gross profit of $77,700,000, leading to an income from operations of $25,510,000. The net income for the quarter is reported at $21,119,000, down from $24,946,000 in the prior year. The net earnings per share were $0.70 basic and $0.69 diluted. Significant acquisitions during the quarter included the purchase of Lane Supply, Inc. for $117.1 million, and two other privately held businesses for a total of $90.2 million. The overall financial position showed total assets of $1,439,418,000 and total stockholders' equity of $1,009,338,000 as of March 31, 2025.