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    Analysis

    October 28, 2021

    Gibraltar Q3 Results Squeezed by Labor Costs, Supply Chain Shortages

    Written by David Schollaert

    Gibraltar Industries Inc. reported net income of $27.9 million in its third quarter, down nearly 11.0% from the same period last year due to rising labor costs and supply-chain shortages, company executives said.

    The Buffalo, N.Y.-based manufacturer and distributor of building products reported a 24.5% increase in revenue to $369.4 million during the period. Sales growth was driven by pricing and market demand in the renewable and infrastructure segments and participation gains in residential construction.

    David Schollaert

    David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

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