Gibraltar Industries, Inc. (NASDAQ: ROCK) has announced a strategic shift in focus, with the company's board of directors approving a plan to sell its renewables business. The move is aimed at repositioning the company's asset portfolio and resources towards its building products and structures businesses, including the residential, agtech, and infrastructure segments.
As a result of this decision, the renewables segment is being reclassified as discontinued operations. Management plans to provide updated 2025 outlook and restated historical results, excluding the renewables segment, with its second-quarter 2025 report.
The company anticipates that a streamlined portfolio, with a concentration of resources and capital in the building products and structures markets, will lead to stronger growth, margin expansion, and cash flow performance. This, in turn, is expected to drive higher returns for shareholders.
Gibraltar Industries has engaged Perella Weinberg Partners as its financial advisor in this process. Furthermore, Chairman and CEO Bill Bosway and CFO Joe Lovechio are scheduled to meet with investors at the CJS Annual New Ideas Summer Conference on July 10, 2025. Today the company's shares have moved 0.7% to a price of $60.73. For more information, read the company's full 8-K submission here.
