Gibraltar Industries reported a sharp increase in third-quarter sales, largely reflecting its acquisition of OmniMax, while lower net income and project delays weighed on results. The company also raised its expected cost savings from integrating and optimizing its businesses and is revising its 2026 outlook as it prepares to sell its Infrastructure business.
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Sales rose, but net income fell. Third-quarter net sales increased 54.3% to $479.6 million from $310.9 million a year earlier. Net income declined 38% to $20.6 million. Adjusted net income was $30.1 million, down 11.5%. Gibraltar reported GAAP earnings per share of $0.69 and adjusted earnings per share of $1.01.
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Residential grew despite a weaker market. The company said the residential end market declined 13% during the quarter, falling more sharply than it had expected. Gibraltar’s Residential business recorded 3.1% organic growth and an adjusted EBITDA margin of 18.9%. Revenue fell 6.3% sequentially, but the business held its margin flat while absorbing higher steel, logistics and fuel costs.
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Agtech revenue was pushed out by project delays. Two large controlled-environment agriculture projects were delayed, shifting revenue and profit out of the quarter. One project has since received permitting approval; Gibraltar expects approval for the other in December.
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The company raised its savings target. Gibraltar added $7.3 million of planned cost synergies and increased its 2026 commitment to $36.5 million, as it continues integrating OmniMax and optimizing Residential.
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Infrastructure sale remains pending. Gibraltar has agreed to sell its D.S. Brown Infrastructure business for $208 million and expects the transaction to close in the fourth quarter. It is adjusting its 2026 guidance to reflect a slower Residential outlook and the Infrastructure business’s reclassification into discontinued operations.
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Renewables has already been sold. Gibraltar completed the divestiture of its Renewables business on July 15, 2026.
The results reflect a larger company following the OmniMax acquisition, alongside ongoing portfolio changes through the Renewables divestiture and planned Infrastructure sale. Gibraltar said it is revising its annual outlook, but the announcement provided no revised guidance figures.