Gibraltar Industries, Inc. is a manufacturer and provider of products and services for the renewable energy, residential, agtech, and infrastructure markets. The company operates through four segments: Renewables, Residential, Agtech, and Infrastructure. Its operations are primarily in North America, with 30 facilities located in 16 states, Canada, and China. The company's focus is on solving global challenges in renewable energy generation, sustainable food production, home environments, mail and package delivery, and transportation infrastructure.
Financially, Gibraltar Industries reported a liquidity of $495.5 million as of December 31, 2023, including $99.4 million in cash and $396.1 million of availability under its revolving credit facility. The company's revenue from products and services sold directly to end-users was approximately 45%. In terms of recent developments, the company sold its Japan-based solar racking business within its Renewables segment and acquired a Utah-based company in the Residential segment. One home improvement retailer represented 13% of the company's consolidated net sales for 2023.
In the Renewables segment, Gibraltar Industries designs, manufactures, and installs solar energy mounting systems including foundation, racking, and electrical balance of systems. The Residential segment offers a wide range of products including roof and foundation ventilation, mail and electronic package solutions, retractable awnings, and gutter guards. The Agtech segment provides growing solutions, including greenhouses and indoor growing operations, while the Infrastructure segment offers engineered solutions for bridges, highways, and airfields.
The company's financial metrics and operational focus reflect its commitment to sustainable development and addressing global challenges in various sectors. The market has reacted to these announcements by moving the company's shares -13.7% to a price of $73.55. For more information, read the company's full 10-K submission here.
