April 28, 2006 — Gibraltar Industries, Inc. reported net income from continuing operations of $14.4 million on sales from continuing operations of $360 million for the quarter ended March 31, 2006.

The $14.4 million net income from continuing operations reflects an increase of approximately 36% from $10.6 million in the first quarter of 2005. Earnings per share from continuing operations were $.48, above the upper end of the range Gibraltar provided on February 8, and an increase of approximately 33% compared to $.36 per share in the first quarter of 2005.

The $360 million sales from continuing operations reflect an increase of approximately 32% from $274 million in the first quarter of 2005, continuing a trend of solid sales growth.

"Our results in the first quarter are especially noteworthy since we had to overcome rising energy and transportation costs, as well as competitive pricing pressures in our Processed Metal Products segment," said Brian J. Lipke, Gibraltar's Chairman and CEO.

"The first-quarter results in our Building Products segment, which now represents approximately 60% of our sales, were strong across the board. Our Thermal Processing segment had an excellent quarter, with record sales and strong operating margins. Our Processed Metal Products segment continued to face competitive pricing pressures, which persisted longer than anticipated, and the cost of steel is continuing to escalate," said Henning N. Kornbrekke, Gibraltar's President and Chief Operating Officer.

"Our first-quarter results again demonstrate that Gibraltar's product, market, customer, and geographic diversity allows us to produce consistent and steadily improving results in a variety of economic and operating environments. These results again show that Gibraltar has transitioned into a diversified manufacturer capable of generating higher and more consistent margins over an extended period," said Mr. Lipke.

"In the year ahead, we will continue to focus on improving operating efficiencies, optimizing our market share, and maximizing our cash flow to help fund our growth and reduce debt," said Mr. Kornbrekke.

Outlook—Looking ahead, Mr. Kornbrekke said that, barring a significant change in business conditions, Gibraltar expects its second-quarter earnings per share will be in the range of $.57 to $.62, compared to $.53 in the second quarter of 2005.

Gibraltar Industries is a leading manufacturer, processor, and distributor of metals and other engineered materials for the building products, vehicular, and other industrial markets. The company serves approximately 24,000 customers in a variety of industries in all 50 states, Canada, Mexico, Europe, Asia, and Central and South America. It has approximately 4,400 employees and operates 93 facilities in 29 states, Canada, Mexico, and China.