Supplemental Financial Information (Tables)

3 Months Ended

Mar. 31, 2017

GIBRALTAR INDUSTRIES, INC.

CONSOLIDATING STATEMENTS OF OPERATIONS

THREE MONTHS ENDED MARCH 31, 2017

(in thousands)



	Gibraltar Industries, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales	$	—		$	197,748		$	11,242		$	(2,385	)	$	206,605
Cost of sales	—			150,507			8,982			(2,139		)	157,350
Gross profit	—			47,241			2,260			(246		)	49,255
Selling, general, and administrative expense	43			36,506			3,027			—			39,576
(Loss) income from operations	(43		)	10,735			(767		)	(246		)	9,679
Interest expense (income)	3,402			192			(18		)	—			3,576
Other expense (income)	—			130			(76		)	—			54
(Loss) income before taxes	(3,445		)	10,413			(673		)	(246		)	6,049
(Benefit of) provision for income taxes	(1,344		)	3,378			19			—			2,053
Equity in earnings from subsidiaries	6,343			(692		)	—			(5,651		)	—
Net income (loss)	$	4,242		$	6,343		$	(692	)	$	(5,897	)	$	3,996

GIBRALTAR INDUSTRIES, INC.

CONSOLIDATING STATEMENTS OF OPERATIONS

THREE MONTHS ENDED MARCH 31, 2016

(in thousands)



	Gibraltar Industries, Inc.			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Total
Net sales	$	—		$	215,213	$	27,293		$	(4,835	)	$	237,671
Cost of sales	—			165,439		22,640			(4,558		)	183,521
Gross profit	—			49,774		4,653			(277		)	54,150
Selling, general, and administrative expense	40			31,911		4,438			—			36,389
(Loss) income from operations	(40		)	17,863		215			(277		)	17,761
Interest expense (income)	3,403			310		(22		)	—			3,691
Other (income) expense	(46		)	216		(205		)	—			(35		)
(Loss) income before taxes	(3,397		)	17,337		442			(277		)	14,105
(Benefit of) provision for income taxes	(1,207		)	6,092		191			—			5,076
Equity in earnings from subsidiaries	11,496			251		—			(11,747		)	—
Net income	$	9,306		$	11,496	$	251		$	(12,024	)	$	9,029

IBRALTAR INDUSTRIES, INC.

CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME

THREE MONTHS ENDED MARCH 31, 2017

(in thousands)



	Gibraltar Industries, Inc.		Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net income (loss)	$	4,242	$	6,343		$	(692	)	$	(5,897	)	$	3,996
Other comprehensive income (loss):
Foreign currency translation adjustment	—		—			679			—			679
Adjustment to retirement benefit liability, net of tax	—		(3		)	—			—			(3		)
Adjustment to post employment health care benefit liability, net of tax	—		29			—			—			29
Other comprehensive income	—		26			679			—			705
Total comprehensive income (loss)	$	4,242	$	6,369		$	(13	)	$	(5,897	)	$	4,701

GIBRALTAR INDUSTRIES, INC.

CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME

THREE MONTHS ENDED MARCH 31, 2016

(in thousands)



	Gibraltar Industries, Inc.		Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations			Total
Net income	$	9,306	$	11,496		$	251	$	(12,024	)	$	9,029
Other comprehensive income (loss):
Foreign currency translation adjustment	—		—			3,078		—			3,078
Adjustment to retirement benefit liability, net of tax	—		(1		)	—		—			(1		)
Adjustment to post employment health care benefit liability, net of tax	—		38			—		—			38
Other comprehensive income	—		37			3,078		—			3,115
Total comprehensive income (loss)	$	9,306	$	11,533		$	3,329	$	(12,024	)	$	12,144

RALTAR INDUSTRIES, INC.

CONSOLIDATING BALANCE SHEETS

MARCH 31, 2017

(in thousands)



	Gibraltar Industries, Inc.			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Total
Assets
Current assets:
Cash and cash equivalents	$	—		$	138,763	$	22,138		$	—		$	160,901
Accounts receivable, net	—			121,615		6,867			—			128,482
Intercompany balances	(11,508		)	15,414		(3,906		)	—			—
Inventories	—			82,288		4,655			—			86,943
Other current assets	1,424			1,262		3,271			—			5,957
Total current assets	(10,084		)	359,342		33,025			—			382,283
Property, plant, and equipment, net	—			95,183		3,508			—			98,691
Goodwill	—			298,179		22,232			—			320,411
Acquired intangibles	—			103,223		9,310			—			112,533
Other assets	—			4,548		—			—			4,548
Investment in subsidiaries	688,635			58,481		—			(747,116		)	—
	$	678,551		$	918,956	$	68,075		$	(747,116	)	$	918,466
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable	$	—		$	73,838	$	3,056		$	—		$	76,894
Accrued expenses	4,088			60,307		1,858			—			66,253
Billings in excess of cost	—			12,491		1,961						14,452
Current maturities of long-term debt	—			400		—			—			400
Total current liabilities	4,088			147,036		6,875			—			157,999
Long-term debt	208,158			1,275		—			—			209,433
Deferred income taxes	—			35,370		2,719			—			38,089
Other non-current liabilities	—			46,640		—			—			46,640
Shareholders’ equity	466,305			688,635		58,481			(747,116		)	466,305
	$	678,551		$	918,956	$	68,075		$	(747,116	)	$	918,466

GIBRALTAR INDUSTRIES, INC.

CONSOLIDATING BALANCE SHEETS

DECEMBER 31, 2016

(in thousands)



	Gibraltar Industries, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Assets
Current assets:
Cash and cash equivalents	$	—		$	143,826		$	26,351		$	—		$	170,177
Accounts receivable, net	—			117,526			6,546			—			124,072
Intercompany balances	(615		)	6,152			(5,537		)	—			—
Inventories	—			85,483			4,129			—			89,612
Other current assets	13,783			(10,070		)	3,623			—			7,336
Total current assets	13,168			342,917			35,112			—			391,197
Property, plant, and equipment, net	—			104,642			3,662			—			108,304
Goodwill	—			282,300			21,732			—			304,032
Acquired intangibles	—			101,520			9,270			—			110,790
Other assets	—			3,922			—			—			3,922
Investment in subsidiaries	663,118			58,477			—			(721,595		)	—
	$	676,286		$	893,778		$	69,776		$	(721,595	)	$	918,245
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable	$	—		$	66,363		$	3,581		$	—		$	69,944
Accrued expenses	7,369			60,004			3,019			—			70,392
Billings in excess of cost	—			9,301			2,051			—			11,352
Current maturities of long-term debt	—			400			—			—			400
Total current liabilities	7,369			136,068			8,651			—			152,088
Long-term debt	208,037			1,200			—			—			209,237
Deferred income taxes	—			35,354			2,648			—			38,002
Other non-current liabilities	—			58,038			—			—			58,038
Shareholders’ equity	460,880			663,118			58,477			(721,595		)	460,880
	$	676,286		$	893,778		$	69,776		$	(721,595	)	$	918,245

GIBRALTAR INDUSTRIES, INC.

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

THREE MONTHS ENDED MARCH 31, 2017

(in thousands)



	Gibraltar Industries, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Total
Cash Flows from Operating Activities
Net cash (used in) provided by operating activities	$	(6,605	)	$	12,141		$	(3,193	)	$	—	$	2,343
Cash Flows from Investing Activities
Cash paid for acquisitions	—			(18,561		)	—			—		(18,561		)
Net proceeds from sale of property and equipment	—			9,081			152			—		9,233
Purchases of property, plant, and equipment	—			(1,326		)	(127		)	—		(1,453		)
Net cash (used in) provided by investing activities	—			(10,806		)	25			—		(10,781		)
Cash Flows from Financing Activities
Purchase of treasury stock at market prices	(922		)	—			—			—		(922		)
Net proceeds from issuance of common stock	11			—			—			—		11
Intercompany financing	7,516			(6,398		)	(1,118		)	—		—
Net cash provided by (used in) financing activities	6,605			(6,398		)	(1,118		)	—		(911		)
Effect of exchange rate changes on cash	—			—			73			—		73
Net decrease in cash and cash equivalents	—			(5,063		)	(4,213		)	—		(9,276		)
Cash and cash equivalents at beginning of year	—			143,826			26,351			—		170,177
Cash and cash equivalents at end of period	$	—		$	138,763		$	22,138		$	—	$	160,901

GIBRALTAR INDUSTRIES, INC.

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

THREE MONTHS ENDED MARCH 31, 2016

(in thousands)



	Gibraltar Industries, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Total
Cash Flows from Operating Activities
Net cash (used in) provided by operating activities	$	(6,371	)	$	23,251		$	(1,339	)	$	—	$	15,541
Cash Flows from Investing Activities
Cash paid for acquisitions	—			(2,314		)	—			—		(2,314		)
Net proceeds from sale of property and equipment	—			57			—			—		57
Purchases of property, plant, and equipment	—			(1,356		)	(145		)	—		(1,501		)
Other, net	—			1,118			—			—		1,118
Net cash used in investing activities	—			(2,495		)	(145		)	—		(2,640		)
Cash Flows from Financing Activities
Payment of debt issuance costs	—			(54		)	—			—		(54		)
Purchase of treasury stock at market prices	(414		)	—			—			—		(414		)
Net proceeds from issuance of common stock	133			—			—			—		133
Intercompany financing	6,652			(7,144		)	492			—		—
Net cash provided by (used in) financing activities	6,371			(7,198		)	492			—		(335		)
Effect of exchange rate changes on cash	—			—			1,203			—		1,203
Net increase in cash and cash equivalents	—			13,558			211			—		13,769
Cash and cash equivalents at beginning of year	—			39,597			29,261			—		68,858
Cash and cash equivalents at end of period	$	—		$	53,155		$	29,472		$	—	$	82,627