The 2020 Mid-Year Economic Update_long

Gibraltar Sales Up 5% in 1Q

Residential product sales up 23 percent in the first quarter.

Gibraltar Industries Inc. (NASDAQ: ROCK), Buffalo, NY, reported sales for the first quarter of $200.6 million, up 5 percent year-over-year. Profit was $5.5 million, compared to a loss of $2.1 million in the prior year quarter.

"We began the year with a strong first quarter, achieving solid financial results and demonstrating progress on our stated value creation initiatives," said CEO Frank Heard.

First quarter sales for the residential products segment increased 23 percent to $106.8 million, while industrial & infrastructure sales decreased 10 percent to $93.8 million.

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