SUPPLEMENTAL FINANCIAL INFORMATION

The following information sets forth the consolidating summary financial statements of the issuer (Gibraltar Industries, Inc.) and guarantors, which guarantee the 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 STATEMENTS OF OPERATIONS

THREE MONTHS ENDED MARCH 31, 2018

(in thousands)



	Gibraltar Industries, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales	$	—		$	204,467		$	12,330		$	(1,460	)	$	215,337
Cost of sales	—			158,584			9,758			(1,323		)	167,019
Gross profit	—			45,883			2,572			(137		)	48,318
Selling, general, and administrative expense	44			32,724			1,707			—			34,475
(Loss) income from operations	(44		)	13,159			865			(137		)	13,843
Interest expense (income)	3,402			(84		)	(49		)	—			3,269
Other expense (income)	—			28			(613		)	—			(585		)
(Loss) income before taxes	(3,446		)	13,215			1,527			(137		)	11,159
(Benefit of) provision for income taxes	(965		)	3,335			437			—			2,807
Equity in earnings from subsidiaries	10,970			1,090			—			(12,060		)	—
Net income	$	8,489		$	10,970		$	1,090		$	(12,197	)	$	8,352

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 COMPREHENSIVE INCOME

THREE MONTHS ENDED MARCH 31, 2018

(in thousands)



	Gibraltar Industries, Inc.		Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations			Total
Net income	$	8,489	$	10,970		$	1,090	$	(12,197	)	$	8,352
Other comprehensive income (loss):
Foreign currency translation adjustment	—		—			110		—			110
Cumulative effect of change in accounting (see Note 2)	—		(350		)	—		—			(350		)
Adjustment to retirement benefit liability, net of tax	—		(5		)	—		—			(5		)
Adjustment to post employment health care benefit liability, net of tax	—		32			—		—			32
Other comprehensive (loss) income	—		(323		)	110		—			(213		)
Total comprehensive income	$	8,489	$	10,647		$	1,200	$	(12,197	)	$	8,139

GIBRALTAR 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 BALANCE SHEETS

MARCH 31, 2018

(in thousands)



	Gibraltar Industries, Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Total
Assets
Current assets:
Cash and cash equivalents	$	—	$	172,930	$	27,811		$	—		$	200,741
Accounts receivable, net	—		139,143		6,039			—			145,182
Intercompany balances	914		3,362		(4,276		)	—			—
Inventories	—		86,265		3,971			—			90,236
Other current assets	1,048		2,114		3,550			—			6,712
Total current assets	1,962		403,814		37,095			—			442,871
Property, plant, and equipment, net	—		90,625		3,046			—			93,671
Goodwill	—		298,258		23,514			—			321,772
Acquired intangibles	—		95,275		8,784			—			104,059
Other assets	—		4,770		—			—			4,770
Investment in subsidiaries	750,823		62,594		—			(813,417		)	—
	$	752,785	$	955,336	$	72,439		$	(813,417	)	$	967,143
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable	$	—	$	76,994	$	3,697		$	—		$	80,691
Accrued expenses	2,188		49,631		1,435			—			53,254
Billings in excess of cost	—		9,280		2,292						11,572
Current maturities of long-term debt	—		400		—			—			400
Total current liabilities	2,188		136,305		7,424			—			145,917
Long-term debt	208,642		1,175		—			—			209,817
Deferred income taxes	—		28,918		2,421			—			31,339
Other non-current liabilities	—		38,115		—			—			38,115
Shareholders’ equity	541,955		750,823		62,594			(813,417		)	541,955
	$	752,785	$	955,336	$	72,439		$	(813,417	)	$	967,143

GIBRALTAR INDUSTRIES, INC.

CONSOLIDATING BALANCE SHEETS

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.

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

THREE MONTHS ENDED MARCH 31, 2018

(in thousands)



	Gibraltar Industries, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Total
Cash Flows from Operating Activities
Net cash used in operating activities	$	(6,606	)	$	(14,829	)	$	(771	)	$	—	$	(22,206	)
Cash Flows from Investing Activities
Net proceeds from sale of property and equipment	—			2,823			—			—		2,823
Purchases of property, plant, and equipment	—			(1,008		)	(25		)	—		(1,033		)
Net cash provided by (used in) investing activities	—			1,815			(25		)	—		1,790
Cash Flows from Financing Activities
Purchase of treasury stock at market prices	(850		)	—			—			—		(850		)
Net proceeds from issuance of common stock	226			—			—			—		226
Intercompany financing	7,230			(6,660		)	(570		)	—		—
Net cash provided by (used in) financing activities	6,606			(6,660		)	(570		)	—		(624		)
Effect of exchange rate changes on cash	—			—			(499		)	—		(499		)
Net decrease in cash and cash equivalents	—			(19,674		)	(1,865		)	—		(21,539		)
Cash and cash equivalents at beginning of year	—			192,604			29,676			—		222,280
Cash and cash equivalents at end of period	$	—		$	172,930		$	27,811		$	—	$	200,741

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