On March 11, 2025, Gibraltar Industries, Inc. released recast 2024 consolidated and Residential segment results to reflect the sale of its residential electronic locker business, which was completed on December 17, 2024. This adjustment provides a clearer view of the company's performance from its continuing operations.
The recast adjusted net sales for 2024 were reported as $1,298,385 thousand, a reduction from the previously reported $1,308,764 thousand. Adjusted operating income was recast to $167,279 thousand, compared to $168,019 thousand previously reported.
Furthermore, the recast adjusted EPS for 2024 was $4.23, a slight adjustment from the $4.25 previously reported. These recast figures highlight the financial impact of the divestiture and the company's refined operational focus.
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