Building products manufacturer Gibraltar Industries Inc. (NASDAQ: ROCK), Buffalo, NY, reported sales for the second quarter of $263.1 million, up 4 percent year-over-year. Profit more than tripled to $17 million.
Second quarter sales for residential products decreased 11 percent year-over-year to $120 million, while sales for industrial and infrastructure products decreased 20 percent to $81 million. Renewable energy and conservation sales – the segment that contains the results of RBI, a company Gibraltar acquired in 2Q 2015 – were $62.1 million.
Year-to-date sales were $496.8 million, up 9.5 percent over the prior-year period. Profit increased 144.7 percent to $23.5 million.
