Gibraltar Industries Shares Fall After Q3 Miss, Lower 2026 Outlook; CFO Joe Lovechio Steps Down

10:17 AM EST, 11/05/2026 (MT Newswires) -- Gibraltar Industries (ROCK) shares fell more than 16% in Thursday trading after the company reported Q3 adjusted earnings and net sales below expectations and lowered its 2026 guidance. The company reported Q3 adjusted earnings of $1.01 per diluted share, down from $1.14 a year earlier. Four analysts polled by FactSet expected $1.20. Net sales for the quarter ended Sept. 30 were $479.6 million, up from $310.9 million a year earlier. Four analysts expected $487.6 million. For 2026, the company lowered its guidance and now expects adjusted diluted EPS of $2.25 to $2.40, excluding the Infrastructure business which will be reclassified as a discontinued operation as of Q4. Including the segment, full-year adjusted diluted EPS is projected to be in a range of $2.70 to $2.85, compared with $3.65 to $4.05 previously. Four analysts expect $3.80. Full-year net sales are expected to be between $1.73 billion to $1.75 billion, including Infrastructure, and $1.64 billion to $1.66 billion, excluding the segment, compared with prior outlook of $1.76 billion to $1.83 billion. Four analysts expect $1.79 billion. In a separate filing, the company said Joe Lovechio will step down as chief financial officer, effective Nov. 20, to pursue another opportunity. Vice President and Treasurer Jeffrey Watorek has been appointed as interim CFO, the company said. Price: 36.43, Change: -7.15, Percent Change: -16.41