SUPPLEMENTAL FINANCIAL INFORMATION

The following information sets forth the consolidating summary financial statements of the issuer (Gibraltar Industries, Inc.) and guarantors, which guarantee the Senior Subordinated 6.25% Notes due February 1, 2021, and the non-guarantors. The guarantors are 100% owned domestic subsidiaries of the issuer and the guarantees are full, unconditional, joint and several.

Investments in subsidiaries are accounted for by the parent using the equity method of accounting. The guarantor subsidiaries and non-guarantor subsidiaries are presented on a combined basis. The principal elimination entries eliminate investments in subsidiaries and intercompany balances and transactions.

GIBRALTAR INDUSTRIES, INC.

CONSOLIDATING STATEMENT OF OPERATIONS

YEAR ENDED DECEMBER 31, 2017

(in thousands)



	Gibraltar Industries, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales	$	—		$	947,604		$	52,738		$	(13,424	)	$	986,918
Cost of sales	—			719,587			43,187			(12,400		)	750,374
Gross profit	—			228,017			9,551			(1,024		)	236,544
Selling, general, and administrative expense	147			133,409			9,892			—			143,448
Intangible asset impairment	—			200			47			—			247
(Loss) income from operations	(147		)	94,408			(388		)	(1,024		)	92,849
Interest expense (income)	13,609			512			(89		)	—			14,032
Other expense	—			500			409			—			909
(Loss) income before taxes	(13,756		)	93,396			(708		)	(1,024		)	77,908
(Benefit of) provision for income taxes	(5,079		)	19,787			235			—			14,943
(Loss) income from continuing operations	(8,677		)	73,609			(943		)	(1,024		)	62,965
Discontinued operations:
Loss before taxes	—			(644		)	—			—			(644		)
Benefit of income taxes	—			(239		)	—			—			(239		)
Loss from discontinued operations	—			(405		)	—			—			(405		)
Equity in earnings from subsidiaries	72,261			(943		)	—			(71,318		)	—
Net income (loss)	$	63,584		$	72,261		$	(943	)	$	(72,342	)	$	62,560

GIBRALTAR INDUSTRIES, INC.

CONSOLIDATING STATEMENT OF OPERATIONS

YEAR ENDED DECEMBER 31, 2016

(in thousands)



	Gibraltar Industries, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales	$	—		$	950,945		$	78,184		$	(21,148	)	$	1,007,981
Cost of sales	—			722,315			62,729			(21,825		)	763,219
Gross profit	—			228,630			15,455			677			244,762
Selling, general, and administrative expense	14,302			137,343			9,454			—			161,099
Intangible asset impairment	—			7,980			2,195			—			10,175
(Loss) income from operations	(14,302		)	83,307			3,806			677			73,488
Interest expense (income)	13,609			1,042			(74		)	—			14,577
Other expense (income)	8,716			512			(300		)	—			8,928
(Loss) income before taxes	(36,627		)	81,753			4,180			677			49,983
(Benefit of) provision for income taxes	(11,768		)	27,551			481			—			16,264
(Loss) income from continuing operations	(24,859		)	54,202			3,699			677			33,719
Discontinued operations:
Loss before taxes	—			(70		)	—			—			(70		)
Benefit of income taxes	—			(26		)	—			—			(26		)
Loss from discontinued operations	—			(44		)	—			—			(44		)
Equity in earnings from subsidiaries	57,857			3,699			—			(61,556		)	—
Net income	$	32,998		$	57,857		$	3,699		$	(60,879	)	$	33,675

GIBRALTAR INDUSTRIES, INC.

CONSOLIDATING STATEMENT OF OPERATIONS

YEAR ENDED DECEMBER 31, 2015

(in thousands)



	Gibraltar Industries, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales	$	—		$	960,614		$	109,984		$	(29,725	)	$	1,040,873
Cost of sales	—			785,085			94,949			(26,137		)	853,897
Gross profit	—			175,529			15,035			(3,588		)	186,976
Selling, general, and administrative expense	133			115,882			17,366			—			133,381
Intangible asset impairment	—			4,863			—			—			4,863
(Loss) income from operations	(133		)	54,784			(2,331		)	(3,588		)	48,732
Interest expense (income)	13,609			1,469			(75		)	—			15,003
Other expense (income)	50			(3,154		)	(267		)	—			(3,371		)
(Loss) income before taxes	(13,792		)	56,469			(1,989		)	(3,588		)	37,100
(Benefit of) provision for income taxes	(4,427		)	18,827			(776		)	—			13,624
(Loss) income from continuing operations	(9,365		)	37,642			(1,213		)	(3,588		)	23,476
Discontinued operations:
Loss before taxes	—			(44		)	—			—			(44		)
Benefit of income taxes	—			(16		)	—			—			(16		)
Loss from discontinued operations	—			(28		)	—			—			(28		)
Equity in earnings from subsidiaries	36,401			(1,213		)	—			(35,188		)	—
Net income (loss)	$	27,036		$	36,401		$	(1,213	)	$	(38,776	)	$	23,448

GIBRALTAR INDUSTRIES, INC.

CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME

(in thousands)



	Gibraltar Industries, Inc.		Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Year ended December 31, 2017
Net income (loss)	$	63,584	$	72,261		$	(943	)	$	(72,342	)	$	62,560
Other comprehensive income:
Foreign currency translation adjustment	—		—			3,150			—			3,150
Adjustment to retirement benefit liability, net of tax	—		(9		)	—			—			(9		)
Adjustment to post-retirement healthcare benefit liability, net of tax	—		214			—			—			214
Other comprehensive income	—		205			3,150			—			3,355
Total comprehensive income	$	63,584	$	72,466		$	2,207		$	(72,342	)	$	65,915



	Gibraltar Industries, Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Total
Year ended December 31, 2016
Net income	$	32,998	$	57,857	$	3,699	$	(60,879	)	$	33,675
Other comprehensive income:
Foreign currency translation adjustment	—		—		6,945		—			6,945
Adjustment to retirement benefit liability, net of tax	—		55		—		—			55
Adjustment to post-retirement healthcare benefit liability, net of tax	—		695		—		—			695
Other comprehensive income	—		750		6,945		—			7,695
Total comprehensive income	$	32,998	$	58,607	$	10,644	$	(60,879	)	$	41,370



	Gibraltar Industries, Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Total
Year ended December 31, 2015
Net income (loss)	$	27,036	$	36,401	$	(1,213	)	$	(38,776	)	$	23,448
Other comprehensive income (loss):
Foreign currency translation adjustment	—		—		(6,228		)	—			(6,228		)
Adjustment to retirement benefit liability, net of tax	—		34		15			—			49
Adjustment to post-retirement healthcare benefit liability, net of tax	—		171		—			—			171
Unrealized loss on cash flow hedges, net of tax	—		143		—			—			143
Other comprehensive income (loss)	—		348		(6,213		)	—			(5,865		)
Total comprehensive income (loss)	$	27,036	$	36,749	$	(7,426	)	$	(38,776	)	$	17,583

GIBRALTAR INDUSTRIES, INC.

CONSOLIDATING BALANCE SHEET

DECEMBER 31, 2017

(in thousands)



	Gibraltar Industries, Inc.		Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Assets
Current assets:
Cash and cash equivalents	$	—	$	192,604		$	29,676		$	—		$	222,280
Accounts receivable, net	—		138,903			6,482			—			145,385
Intercompany balances	324		4,166			(4,490		)	—			—
Inventories	—		82,457			3,915			—			86,372
Other current assets	5,415		(368		)	3,680			—			8,727
Total current assets	5,739		417,762			39,263			—			462,764
Property, plant, and equipment, net	—		93,906			3,192			—			97,098
Goodwill	—		298,258			22,816			—			321,074
Acquired intangibles	—		97,171			8,597			—			105,768
Other assets	—		4,681			—			—			4,681
Investment in subsidiaries	739,970		61,746			—			(801,716		)	—
	$	745,709	$	973,524		$	73,868		$	(801,716	)	$	991,385
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable	$	—	$	77,786		$	4,601		$	—		$	82,387
Accrued expenses	5,469		67,746			2,252			—			75,467
Billings in excess of cost	—		9,840			2,939			—			12,779
Current maturities of long-term debt	—		400			—			—			400
Total current liabilities	5,469		155,772			9,792			—			171,033
Long-term debt	208,521		1,100			—			—			209,621
Deferred income taxes	—		28,907			2,330			—			31,237
Other non-current liabilities	—		47,775			—			—			47,775
Shareholders’ equity	531,719		739,970			61,746			(801,716		)	531,719
	$	745,709	$	973,524		$	73,868		$	(801,716	)	$	991,385

GIBRALTAR INDUSTRIES, INC.

CONSOLIDATING BALANCE SHEET

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 STATEMENT OF CASH FLOWS

DECEMBER 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	$	(15,172	)	$	83,114		$	2,128		$	—	$	70,070
Cash Flows from Investing Activities
Purchases of property, plant, and equipment	—			(11,026		)	(373		)	—		(11,399		)
Acquisitions, net of cash acquired	—			(18,494		)	—			—		(18,494		)
Net proceeds from sale of property and equipment	—			12,905			191			—		13,096
Net cash used in investing activities	—			(16,615		)	(182		)	—		(16,797		)
Cash Flows from Financing Activities
Long-term debt payments	—			(400		)	—			—		(400		)
Purchase of treasury stock at market prices	(2,872		)	—			—			—		(2,872		)
Intercompany financing	17,370			(17,321		)	(49		)	—		—
Net proceeds from issuance of common stock	674			—			—			—		674
Net cash provided by (used in) financing activities	15,172			(17,721		)	(49		)	—		(2,598		)
Effect of exchange rate changes on cash	—			—			1,428			—		1,428
Net increase in cash and cash equivalents	—			48,778			3,325			—		52,103
Cash and cash equivalents at beginning of year	—			143,826			26,351			—		170,177
Cash and cash equivalents at end of year	$	—		$	192,604		$	29,676		$	—	$	222,280

GIBRALTAR INDUSTRIES, INC.

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

DECEMBER 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	$	(34,243	)	$	140,890		$	17,340		$	—	$	123,987
Cash Flows from Investing Activities
Purchases of property, plant, and equipment	—			(10,321		)	(458		)	—		(10,779		)
Acquisitions, net of cash acquired	—			(23,412		)	—			—		(23,412		)
Net proceeds from sale of property and equipment	—			230			723			—		953
Net proceeds from sale of business	—			—			8,250			—		8,250
Other, net	—			1,118			—			—		1,118
Net cash (used in) provided by investing activities	—			(32,385		)	8,515			—		(23,870		)
Cash Flows from Financing Activities
Long-term debt payments	—			(400		)	—			—		(400		)
Payment of debt issuance costs	—			(54		)	—			—		(54		)
Purchase of treasury stock at market prices	(1,539		)	—			—			—		(1,539		)
Intercompany financing	32,441			(3,822		)	(28,619		)	—		—
Net proceeds from issuance of common stock	3,341			—			—			—		3,341
Net cash provided by (used in) financing activities	34,243			(4,276		)	(28,619		)	—		1,348
Effect of exchange rate changes on cash	—			—			(146		)	—		(146		)
Net increase (decrease) in cash and cash equivalents	—			104,229			(2,910		)	—		101,319
Cash and cash equivalents at beginning of year	—			39,597			29,261			—		68,858
Cash and cash equivalents at end of year	$	—		$	143,826		$	26,351		$	—	$	170,177

GIBRALTAR INDUSTRIES, INC.

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

DECEMBER 31, 2015

(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	$	(13,309	)	$	94,977		$	5,553		$	—	$	87,221
Cash Flows from Investing Activities
Purchases of property, plant, and equipment	—			(11,754		)	(619		)	—		(12,373		)
Acquisitions, net of cash acquired	—			(114,145		)	(26,476		)	—		(140,621		)
Net proceeds from sale of property and equipment	—			26,500			—			—		26,500
Other, net	—			1,154								1,154
Net cash used in investing activities	—			(98,245		)	(27,095		)	—		(125,340		)
Cash Flows from Financing Activities
Long-term debt payments	—			(73,642		)	—			—		(73,642		)
Proceeds from long-term debt	—			73,242								73,242
Payment of debt issuance costs	—			(1,166		)	—			—		(1,166		)
Purchase of treasury stock at market prices	(956		)	—			—			—		(956		)
Intercompany financing	12,464			(47,035		)	34,571			—		—
Net proceeds from issuance of common stock	1,801			—			—			—		1,801
Net cash provided by (used in) financing activities	13,309			(48,601		)	34,571			—		(721		)
Effect of exchange rate changes on cash	—			—			(2,912		)	—		(2,912		)
Net (decrease) increase in cash and cash equivalents	—			(51,869		)	10,117			—		(41,752		)
Cash and cash equivalents at beginning of year	—			91,466			19,144			—		110,610
Cash and cash equivalents at end of year	$	—		$	39,597		$	29,261		$	—	$	68,858