Gibraltar Industries, Inc. announces an Equity Buyback for $200 million worth of its shares.
May 04, 2022 at 07:40 am EDT
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Gibraltar Industries, Inc. (NasdaqGS:ROCK) announces a share repurchase program. Under the program, the company will repurchase up to $200 million worth of its shares. The program will be funded from cash on hand, supplemented by available borrowings under the existing credit facility.
Gibraltar Industries, Inc. is a manufacturer and provider of products and services for the renewable energy, residential, agtech, and infrastructure markets. The Companyâs segments include Renewables, Residential, Agtech, and Infrastructure. The Renewables segment is engaged in designing, engineering, manufacturing and installation of solar racking and electrical balance of systems. The Residential segment includes products, such as roof and foundation ventilation products, single point and centralized mail systems and electronic package solutions, retractable awnings and gutter guards, and rain dispersion, trims and flashings, other accessories. The Agtech segment provides products and services, including the designing, engineering, manufacturing, construction, maintenance and support of greenhouses and indoor growing operations. The Infrastructure segment provides engineered solutions for bridges, highways and airfields, including structural bearings, expansion joints, and others.
GIBRALTAR INDUSTRIES, INC. 
