Gibraltar Industries, Inc. has recently released its 10-K report, detailing its operations in the renewable energy, residential, agtech, and infrastructure markets. The company operates through four segments: Renewables, Residential, Agtech, and Infrastructure. The Renewables segment focuses on solar racking and electrical balance of systems for commercial and distributed generation scale solar installations. The Residential segment offers a wide range of products including roof and foundation ventilation, mail and electronic package solutions, and exterior retractable awnings. The Agtech segment provides growing and processing solutions, while the Infrastructure segment offers engineered solutions for bridges, highways, and airfields. The company is headquartered in Buffalo, New York, and operates thirty facilities across sixteen states, Canada, and China.
In its 10-K report, Gibraltar Industries, Inc. emphasizes its mission to make life better for people and the planet. The company is committed to reshaping critical markets in sustainable power, comfortable living, and productive growing throughout North America. It has outlined three core pillars for its strategy: Business System, Portfolio Management, and Organization Development. The company's focus is on delivering consistent and continuous performance improvement, optimizing its business portfolio, and ensuring it has the right design and structure to execute its plans and meet commitments. Corporate Social Responsibility is a key consideration for the company, which aims to make a positive impact on its people, communities, and the world.
The company's operating businesses have established strong positions in attractive end markets, focusing on maintaining healthy and efficient home environments, accelerating renewable energy generation, increasing the supply of locally-grown and sustainably-produced food and plants, and improving transportation infrastructure. Gibraltar Industries, Inc. emphasizes its commitment to providing value-added products and services, maintaining a strong liquidity profile, and managing its cash resources effectively.
In terms of recent developments, the company purchased all outstanding stock of Lane Supply, Inc., a company that designs, manufactures, and installs structural canopies for convenience stores, travel centers, food retail, and quick-serve restaurant markets. Additionally, it sold its electronic locker business within the Residential segment to a third party. The company's customers are primarily located throughout North America, with no single customer accounting for more than 14% of its consolidated net sales.
The Residential segment serves both the residential repair and remodeling and new housing construction markets in North America, offering a range of products including roof and foundation ventilation products, mail and package solutions, retractable awnings, and more. The Renewables segment focuses on solar energy mounting systems for commercial and distributed generation scale solar installations. The Agtech segment provides controlled environmental agriculture and custom greenhouse solutions, while the Infrastructure segment offers engineered solutions for bridges, highways, and airfields.
Today the company's shares have moved 20.6% to a price of $69.92. For the full picture, make sure to review Gibraltar Industries's 10-K report.
