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 JUNE 30, 2018

(in thousands)



	Gibraltar Industries, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales	$	—		$	256,487		$	14,194		$	(4,645	)	$	266,036
Cost of sales	—			189,082			10,891			(4,440		)	195,533
Gross profit	—			67,405			3,303			(205		)	70,503
Selling, general, and administrative expense	36			36,449			1,744			—			38,229
(Loss) income from operations	(36		)	30,956			1,559			(205		)	32,274
Interest expense (income)	3,402			(213		)	(59		)	—			3,130
Other expense (income)	—			111			(98		)	—			13
(Loss) income before taxes	(3,438		)	31,058			1,716			(205		)	29,131
(Benefit of) provision for income taxes	(962		)	6,874			382			—			6,294
Equity in earnings from subsidiaries	25,518			1,334			—			(26,852		)	—
Net income	$	23,042		$	25,518		$	1,334		$	(27,057	)	$	22,837

GIBRALTAR INDUSTRIES, INC.

CONSOLIDATING STATEMENTS OF OPERATIONS

THREE MONTHS ENDED JUNE 30, 2017

(in thousands)



	Gibraltar Industries, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales	$	—		$	238,652		$	10,627		$	(1,652	)	$	247,627
Cost of sales	—			178,779			8,739			(1,716		)	185,802
Gross profit	—			59,873			1,888			64			61,825
Selling, general, and administrative expense	34			33,681			3,180			—			36,895
(Loss) income from operations	(34		)	26,192			(1,292		)	64			24,930
Interest expense (income)	3,403			162			(15		)	—			3,550
Other expense	—			115			238			—			353
(Loss) income before taxes	(3,437		)	25,915			(1,515		)	64			21,027
(Benefit of) provision for income taxes	(1,340		)	9,360			(167		)	—			7,853
(Loss) income from continuing operations	(2,097		)	16,555			(1,348		)	64			13,174
Discontinued operations:
Loss from discontinued operations before taxes	—			(644		)	—			—			(644		)
Benefit of income taxes	—			(239		)	—			—			(239		)
Loss from discontinued operations	—			(405		)	—			—			(405		)
Equity in earnings (loss) from subsidiaries	14,802			(1,348		)	—			(13,454		)	—
Net income (loss)	$	12,705		$	14,802		$	(1,348	)	$	(13,390	)	$	12,769

GIBRALTAR INDUSTRIES, INC.

CONSOLIDATING STATEMENTS OF OPERATIONS

SIX MONTHS ENDED JUNE 30, 2018

(in thousands)



	Gibraltar Industries, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales	$	—		$	460,954		$	26,524		$	(6,105	)	$	481,373
Cost of sales	—			347,666			20,649			(5,763		)	362,552
Gross profit	—			113,288			5,875			(342		)	118,821
Selling, general, and administrative expense	80			69,173			3,451			—			72,704
(Loss) income from operations	(80		)	44,115			2,424			(342		)	46,117
Interest expense (income)	6,804			(297		)	(108		)	—			6,399
Other expense (income)	—			139			(711		)	—			(572		)
(Loss) income before taxes	(6,884		)	44,273			3,243			(342		)	40,290
(Benefit of) provision for income taxes	(1,927		)	10,209			819			—			9,101
Equity in earnings from subsidiaries	36,488			2,424			—			(38,912		)	—
Net income	$	31,531		$	36,488		$	2,424		$	(39,254	)	$	31,189

GIBRALTAR INDUSTRIES, INC.

CONSOLIDATING STATEMENTS OF OPERATIONS

SIX MONTHS ENDED JUNE 30, 2017

(in thousands)



	Gibraltar Industries, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales	$	—		$	436,400		$	21,869		$	(4,037	)	$	454,232
Cost of sales	—			329,286			17,721			(3,855		)	343,152
Gross profit	—			107,114			4,148			(182		)	111,080
Selling, general, and administrative expense	77			70,187			6,207			—			76,471
(Loss) income from operations	(77		)	36,927			(2,059		)	(182		)	34,609
Interest expense (income)	6,805			354			(33		)	—			7,126
Other expense	—			245			162			—			407
(Loss) income before taxes	(6,882		)	36,328			(2,188		)	(182		)	27,076
(Benefit of) provision for income taxes	(2,684		)	12,738			(148		)	—			9,906
(Loss) income from continuing operations	(4,198		)	23,590			(2,040		)	(182		)	17,170
Discontinued operations:
Loss from discontinued operations before taxes	—			(644		)	—			—			(644		)
Benefit of income taxes	—			(239		)	—			—			(239		)
Loss from discontinued operations	—			(405		)	—			—			(405		)
Equity in earnings (loss) from subsidiaries	21,145			(2,040		)	—			(19,105		)	—
Net income (loss)	$	16,947		$	21,145		$	(2,040	)	$	(19,287	)	$	16,765

GIBRALTAR INDUSTRIES, INC.

CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME

THREE MONTHS ENDED JUNE 30, 2018

(in thousands)



	Gibraltar Industries, Inc.		Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net income	$	23,042	$	25,518		$	1,334		$	(27,057	)	$	22,837
Other comprehensive (loss) income:
Foreign currency translation adjustment	—		—			(1,787		)	—			(1,787		)
Adjustment to retirement benefit liability, net of tax	—		(5		)	—			—			(5		)
Adjustment to post employment health care benefit liability, net of tax	—		31			—			—			31
Other comprehensive income (loss)	—		26			(1,787		)	—			(1,761		)
Total comprehensive income (loss)	$	23,042	$	25,544		$	(453	)	$	(27,057	)	$	21,076

GIBRALTAR INDUSTRIES, INC.

CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME

THREE MONTHS ENDED JUNE 30, 2017

(in thousands)



	Gibraltar Industries, Inc.		Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net income (loss)	$	12,705	$	14,802		$	(1,348	)	$	(13,390	)	$	12,769
Other comprehensive income (loss):
Foreign currency translation adjustment	—		—			1,091			—			1,091
Adjustment to retirement benefit liability, net of tax	—		(3		)	—			—			(3		)
Adjustment to post employment health care benefit liability, net of tax	—		30			—			—			30
Other comprehensive income	—		27			1,091			—			1,118
Total comprehensive income (loss)	$	12,705	$	14,829		$	(257	)	$	(13,390	)	$	13,887

GIBRALTAR INDUSTRIES, INC.

CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME

SIX MONTHS ENDED JUNE 30, 2018

(in thousands)



	Gibraltar Industries, Inc.		Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net income	$	31,531	$	36,488		$	2,424		$	(39,254	)	$	31,189
Other comprehensive (loss) income:
Foreign currency translation adjustment	—		—			(1,677		)	—			(1,677		)
Cumulative effect of change in accounting (see Note 2)	—		(350		)	—			—			(350		)
Adjustment to retirement benefit liability, net of tax	—		(10		)	—			—			(10		)
Adjustment to post employment health care benefit liability, net of tax	—		63			—			—			63
Other comprehensive loss	—		(297		)	(1,677		)	—			(1,974		)
Total comprehensive income	$	31,531	$	36,191		$	747		$	(39,254	)	$	29,215

GIBRALTAR INDUSTRIES, INC.

CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME

SIX MONTHS ENDED JUNE 30, 2017

(in thousands)



	Gibraltar Industries, Inc.		Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net income (loss)	$	16,947	$	21,145		$	(2,040	)	$	(19,287	)	$	16,765
Other comprehensive income (loss):
Foreign currency translation adjustment	—		—			1,770			—			1,770
Adjustment to retirement benefit liability, net of tax	—		(6		)	—			—			(6		)
Adjustment to post employment health care benefit liability, net of tax	—		59			—			—			59
Other comprehensive income	—		53			1,770			—			1,823
Total comprehensive income (loss)	$	16,947	$	21,198		$	(270	)	$	(19,287	)	$	18,588

GIBRALTAR INDUSTRIES, INC.

CONSOLIDATING BALANCE SHEETS

JUNE 30, 2018

(in thousands)



	Gibraltar Industries, Inc.			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Total
Assets
Current assets:
Cash and cash equivalents	$	—		$	181,879	$	28,864		$	—		$	210,743
Accounts receivable, net	—			164,357		7,285			—			171,642
Intercompany balances	(1,220		)	4,505		(3,285		)	—			—
Inventories	—			91,611		4,083			—			95,694
Other current assets	1,975			5,708		3,911			—			11,594
Total current assets	755			448,060		40,858			—			489,673
Property, plant, and equipment, net	—			90,333		2,888			—			93,221
Goodwill	—			298,258		22,617			—			320,875
Acquired intangibles	—			93,367		8,187			—			101,554
Other assets	—			4,597		—			—			4,597
Investment in subsidiaries	774,373			62,074		—			(836,447		)	—
	$	775,128		$	996,689	$	74,550		$	(836,447	)	$	1,009,920
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable	$	—		$	84,166	$	4,381		$	—		$	88,547
Accrued expenses	5,469			56,377		3,328			—			65,174
Billings in excess of cost	—			13,028		2,499						15,527
Current maturities of long-term debt	—			400		—			—			400
Total current liabilities	5,469			153,971		10,208			—			169,648
Long-term debt	208,763			850		—			—			209,613
Deferred income taxes	—			28,928		2,268			—			31,196
Other non-current liabilities	—			38,567		—			—			38,567
Shareholders’ equity	560,896			774,373		62,074			(836,447		)	560,896
	$	775,128		$	996,689	$	74,550		$	(836,447	)	$	1,009,920

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

SIX MONTHS ENDED JUNE 30, 2018

(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	$	(6,643	)	$	884		$	1,956		$	—	$	(3,803	)
Cash Flows from Investing Activities
Net proceeds from sale of property and equipment	—			2,864			65			—		2,929
Purchases of property, plant, and equipment	—			(3,564		)	(140		)	—		(3,704		)
Net cash used in investing activities	—			(700		)	(75		)	—		(775		)
Cash Flows from Financing Activities
Long-term debt payments	—			(400		)	—			—		(400		)
Purchase of treasury stock at market prices	(6,016		)	—			—			—		(6,016		)
Net proceeds from issuance of common stock	526			—			—			—		526
Intercompany financing	12,133			(10,509		)	(1,624		)	—		—
Net cash provided by (used in) financing activities	6,643			(10,909		)	(1,624		)	—		(5,890		)
Effect of exchange rate changes on cash	—			—			(1,069		)	—		(1,069		)
Net decrease in cash and cash equivalents	—			(10,725		)	(812		)	—		(11,537		)
Cash and cash equivalents at beginning of year	—			192,604			29,676			—		222,280
Cash and cash equivalents at end of period	$	—		$	181,879		$	28,864		$	—	$	210,743

GIBRALTAR INDUSTRIES, INC.

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

SIX MONTHS ENDED JUNE 30, 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	$	(6,640	)	$	31,687		$	(3,327	)	$	—	$	21,720
Cash Flows from Investing Activities
Cash paid for acquisitions	—			(18,494		)	—			—		(18,494		)
Net proceeds from sale of property and equipment	—			12,627			151			—		12,778
Purchases of property, plant, and equipment	—			(3,123		)	(151		)	—		(3,274		)
Net cash used in investing activities	—			(8,990		)	—			—		(8,990		)
Cash Flows from Financing Activities
Long-term debt payments	—			(400		)	—			—		(400		)
Purchase of treasury stock at market prices	(1,003		)	—			—			—		(1,003		)
Net proceeds from issuance of common stock	247			—			—			—		247
Intercompany financing	7,396			(7,280		)	(116		)	—		—
Net cash provided by (used in) financing activities	6,640			(7,680		)	(116		)	—		(1,156		)
Effect of exchange rate changes on cash	—			—			628			—		628
Net increase (decrease) in cash and cash equivalents	—			15,017			(2,815		)	—		12,202
Cash and cash equivalents at beginning of year	—			143,826			26,351			—		170,177
Cash and cash equivalents at end of period	$	—		$	158,843		$	23,536		$	—	$	182,379