ROCK earnings analysis
What we found in ROCK's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Gibraltar Industries, Inc. reported a notable year-over-year revenue increase of 44.6%, reaching $356.3 million in Q1 2026, primarily driven by the acquisition of OmniMax. Despite the revenue growth, the company incurred a diluted EPS loss of $0.45, missing consensus estimates, attributed to increased SG&A expenses and operational challenges in specific segments.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Strong Revenue Growth
- Revenue surged 44.6% to $356.3 million from $246.4 million in Q1 2025.
- Residential Segment Outperformance
- The Residential segment grew 56.3% to $281.4 million, benefitting significantly from the OmniMax acquisition.
- Continued Positive Cash Flow
- Despite an operational loss, cash from financing activities was $1.22 billion due to debt raised for acquisition.
- Increment in SG&A Expenses
- SG&A expenses increased 102.3% to $83.3 million, reflecting costs associated with recent acquisitions.
- Decrease in Backlog
- Consolidated backlog dropped 10% to $168 million, signaling softness in certain market segments.
- Interest Expense Increase
- Interest expense grew to $13 million from income of $1.6 million in Q1 2025 due to new debt.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Significant Net Loss
- The company reported a net loss of $67.5 million compared to income of $21.1 million in Q1 2025.
- Decreased Operative Margins
- Operating margin collapsed to -1.3% from 11.6% a year earlier due to cost pressures and inefficiencies.
- High Acquisition Debt
- The company incurred $1.33 billion in debt for the OmniMax acquisition, raising concerns over future liquidity.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-0.45
- Gross margin
- 22.1%
- Operating margin
- -1.3%
- Segment
- Residential: $281.4M
- Segment
- Agtech: $55.6M
- Segment
- Infrastructure: $19.2M
What they said about what is next.
Reiterating full-year 2026 guidance for revenue and EPS.
The filing reads about the same as the one before it.
What came before.
- 10-K · February 26, 2026
- Gibraltar reported FY2025 net sales of $1,135,501,000, an 11.0% increase versus 2024 driven largely by 2025 acquisitions, but consolidated gross margin compressed to 26.9% from 29.5% and income from continuing…
- 10-Q · October 30, 2024
- Gibraltar reported Q3 net sales of $361.196M, down from $390.744M in Q3 2023. Gross profit fell to $93.526M and income from operations to $43.998M; diluted EPS was $1.11 for the quarter. Balance sheet liquidity…
- 10-Q · May 1, 2024
- Gibraltar reported Q1 net sales of $292,506,000 (down slightly from $293,267,000) while gross profit rose to $84,388,000 and income from operations increased to $31,736,000. Diluted EPS improved to $0.81 (from $0.68)…
- 10-Q · August 3, 2022
- Gibraltar reported Q2 net sales of $366.9M and improved operating income to $40.1M, driving diluted EPS from continuing operations to $0.90 (vs $0.80 prior-year quarter). Despite the revenue and operating-profit…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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