Gibraltar Industries, Inc. (Nasdaq: ROCK), Buffalo, NY, reported sales for the first quarter of 2011 were $163.6 million, an increase of 11.5 percent over the same period a year ago. Profit for the manufacturer and distributor of products for building and industrial markets was $8.4 million, compared to a year-ago loss of $21.2 million.
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\”Although activity in our end-markets remained generally weak, our first-quarter sales and profits were up both sequentially and year-over-year compared with the first quarter of 2010,\” CEO Brian Lipke said. \”Our focus on repair, remodel and replacement segments of both the residential and nonresidential markets across the broad geographic areas we serve helped our order rates despite weak new build housing activity.
During the quarter, Gibraltar completed its sale of the United Steel Products connector business and closed two facilities in Europe.
