The 2020 Mid-Year Economic Update_long

Gibraltar Industries Sales Down 7% in 2Q

Year-to-date sales down 9.8 percent from first six months of 2016.

Building products manufacturer Gibraltar Industries Inc. (NASDAQ: ROCK), Buffalo, NY, reported sales for the second quarter of $247.6 million, down 7 percent year-over-year. Profit was $13.2 million, down 29 percent over last year.

Second quarter sales for residential products increased 6 percent year-over-year to $127 million, while sales for industrial and infrastructure products decreased 29 percent to $58 million. Renewable energy and conservation sales were down 3 percent to $63 million.

Year-to-date sales were $454.2 million, down 9.8 percent over the prior-year period. Profit decreased 39.5 percent to $16.8 million.

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