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 INCOME

THREE MONTHS ENDED SEPTEMBER 30, 2018

(in thousands)



	Gibraltar Industries, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales	$	—		$	268,302		$	19,211		$	(7,427	)	$	280,086
Cost of sales	—			200,725			16,338			(7,256		)	209,807
Gross profit	—			67,577			2,873			(171		)	70,279
Selling, general, and administrative expense	35			39,466			1,374			—			40,875
(Loss) income from operations	(35		)	28,111			1,499			(171		)	29,404
Interest expense (income)	3,403			(427		)	(70		)	—			2,906
Other expense	—			95			427			—			522
(Loss) income before taxes	(3,438		)	28,443			1,142			(171		)	25,976
(Benefit of) provision for income taxes	(963		)	7,182			254			—			6,473
Equity in earnings from subsidiaries	22,149			888			—			(23,037		)	—
Net income	$	19,674		$	22,149		$	888		$	(23,208	)	$	19,503

GIBRALTAR INDUSTRIES, INC.

CONSOLIDATING STATEMENTS OF INCOME

THREE MONTHS ENDED SEPTEMBER 30, 2017

(in thousands)



	Gibraltar Industries, Inc.			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Total
Net sales	$	—		$	264,448	$	15,514		$	(5,388	)	$	274,574
Cost of sales	—			198,103		12,844			(5,108		)	205,839
Gross profit	—			66,345		2,670			(280		)	68,735
Selling, general, and administrative expense	34			31,003		2,005			—			33,042
(Loss) income from operations	(34		)	35,342		665			(280		)	35,693
Interest expense (income)	3,402			105		(21		)	—			3,486
Other expense	—			100		304			—			404
(Loss) income before taxes	(3,436		)	35,137		382			(280		)	31,803
(Benefit of) provision for income taxes	(1,124		)	12,219		89			—			11,184
Equity in earnings from subsidiaries	23,211			293		—			(23,504		)	—
Net income	$	20,899		$	23,211	$	293		$	(23,784	)	$	20,619

GIBRALTAR INDUSTRIES, INC.

CONSOLIDATING STATEMENTS OF INCOME

NINE MONTHS ENDED SEPTEMBER 30, 2018

(in thousands)



	Gibraltar Industries, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales	$	—		$	729,256		$	45,735		$	(13,532	)	$	761,459
Cost of sales	—			548,391			36,987			(13,019		)	572,359
Gross profit	—			180,865			8,748			(513		)	189,100
Selling, general, and administrative expense	115			108,639			4,825			—			113,579
(Loss) income from operations	(115		)	72,226			3,923			(513		)	75,521
Interest expense (income)	10,207			(724		)	(178		)	—			9,305
Other expense (income)	—			234			(284		)	—			(50		)
(Loss) income before taxes	(10,322		)	72,716			4,385			(513		)	66,266
(Benefit of) provision for income taxes	(2,890		)	17,391			1,073			—			15,574
Equity in earnings from subsidiaries	58,637			3,312			—			(61,949		)	—
Net income	$	51,205		$	58,637		$	3,312		$	(62,462	)	$	50,692

GIBRALTAR INDUSTRIES, INC.

CONSOLIDATING STATEMENTS OF INCOME

NINE MONTHS ENDED SEPTEMBER 30, 2017

(in thousands)



	Gibraltar Industries, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales	$	—		$	700,848		$	37,383		$	(9,425	)	$	728,806
Cost of sales	—			527,389			30,565			(8,963		)	548,991
Gross profit	—			173,459			6,818			(462		)	179,815
Selling, general, and administrative expense	111			101,190			8,212			—			109,513
(Loss) income from operations	(111		)	72,269			(1,394		)	(462		)	70,302
Interest expense (income)	10,207			459			(54		)	—			10,612
Other expense	—			345			466			—			811
(Loss) income before taxes	(10,318		)	71,465			(1,806		)	(462		)	58,879
(Benefit of) provision for income taxes	(3,808		)	24,957			(59		)	—			21,090
(Loss) income from continuing operations	(6,510		)	46,508			(1,747		)	(462		)	37,789
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	44,356			(1,747		)	—			(42,609		)	—
Net income (loss)	$	37,846		$	44,356		$	(1,747	)	$	(43,071	)	$	37,384

GIBRALTAR INDUSTRIES, INC.

CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME

THREE MONTHS ENDED SEPTEMBER 30, 2018

(in thousands)



	Gibraltar Industries, Inc.		Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations			Total
Net income	$	19,674	$	22,149		$	888	$	(23,208	)	$	19,503
Other comprehensive income (loss):
Foreign currency translation adjustment	—		—			139		—			139
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 income	—		27			139		—			166
Total comprehensive income	$	19,674	$	22,176		$	1,027	$	(23,208	)	$	19,669

GIBRALTAR INDUSTRIES, INC.

CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME

THREE MONTHS ENDED SEPTEMBER 30, 2017

(in thousands)



	Gibraltar Industries, Inc.		Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations			Total
Net income	$	20,899	$	23,211		$	293	$	(23,784	)	$	20,619
Other comprehensive income (loss):
Foreign currency translation adjustment	—		—			1,581		—			1,581
Adjustment to retirement benefit liability, net of tax	—		(2		)	—		—			(2		)
Adjustment to post employment health care benefit liability, net of tax	—		29			—		—			29
Other comprehensive income	—		27			1,581		—			1,608
Total comprehensive income	$	20,899	$	23,238		$	1,874	$	(23,784	)	$	22,227

GIBRALTAR INDUSTRIES, INC.

CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME

NINE MONTHS ENDED SEPTEMBER 30, 2018

(in thousands)



	Gibraltar Industries, Inc.		Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net income	$	51,205	$	58,637		$	3,312		$	(62,462	)	$	50,692
Other comprehensive (loss) income:
Foreign currency translation adjustment	—		—			(1,538		)	—			(1,538		)
Cumulative effect of change in accounting (see Note 2)	—		(350		)	—			—			(350		)
Adjustment to retirement benefit liability, net of tax	—		(15		)	—			—			(15		)
Adjustment to post employment health care benefit liability, net of tax	—		95			—			—			95
Other comprehensive loss	—		(270		)	(1,538		)	—			(1,808		)
Total comprehensive income	$	51,205	$	58,367		$	1,774		$	(62,462	)	$	48,884

GIBRALTAR INDUSTRIES, INC.

CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME

NINE MONTHS ENDED SEPTEMBER 30, 2017

(in thousands)



	Gibraltar Industries, Inc.		Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net income (loss)	$	37,846	$	44,356		$	(1,747	)	$	(43,071	)	$	37,384
Other comprehensive income (loss):
Foreign currency translation adjustment	—		—			3,351			—			3,351
Adjustment to retirement benefit liability, net of tax	—		(8		)	—			—			(8		)
Adjustment to post employment health care benefit liability, net of tax	—		88			—			—			88
Other comprehensive income	—		80			3,351			—			3,431
Total comprehensive income	$	37,846	$	44,436		$	1,604		$	(43,071	)	$	40,815

GIBRALTAR INDUSTRIES, INC.

CONSOLIDATING BALANCE SHEETS

SEPTEMBER 30, 2018

(in thousands)



	Gibraltar Industries, Inc.			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Total
Assets
Current assets:
Cash and cash equivalents	$	—		$	213,967	$	31,446		$	—		$	245,413
Accounts receivable, net	—			172,952		7,923			—			180,875
Intercompany balances	(12,013		)	15,885		(3,872		)	—			—
Inventories	—			92,823		4,663			—			97,486
Other current assets	2,902			2,115		3,932			—			8,949
Total current assets	(9,111		)	497,742		44,092			—			532,723
Property, plant, and equipment, net	—			90,883		2,835			—			93,718
Goodwill	—			301,070		22,251			—			323,321
Acquired intangibles	—			91,752		7,793			—			99,545
Other assets	—			4,178		302			—			4,480
Investment in subsidiaries	803,058			63,166		—			(866,224		)	—
	$	793,947		$	1,048,791	$	77,273		$	(866,224	)	$	1,053,787
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable	$	—		$	87,351	$	5,646		$	—		$	92,997
Accrued expenses	2,188			70,826		3,254			—			76,268
Billings in excess of cost	—			19,304		2,596						21,900
Current maturities of long-term debt	—			400		—			—			400
Total current liabilities	2,188			177,881		11,496			—			191,565
Long-term debt	208,884			925		—			—			209,809
Deferred income taxes	—			29,499		2,611			—			32,110
Other non-current liabilities	—			37,428		—			—			37,428
Shareholders’ equity	582,875			803,058		63,166			(866,224		)	582,875
	$	793,947		$	1,048,791	$	77,273		$	(866,224	)	$	1,053,787

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

NINE MONTHS ENDED SEPTEMBER 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	$	(13,240	)	$	47,971		$	3,479		$	—	$	38,210
Cash Flows from Investing Activities
Cash paid for acquisitions	—			(5,241		)	—			—		(5,241		)
Net proceeds from sale of property and equipment	—			3,044			103			—		3,147
Purchases of property, plant, and equipment	—			(6,537		)	(230		)	—		(6,767		)
Net cash used in investing activities	—			(8,734		)	(127		)	—		(8,861		)
Cash Flows from Financing Activities
Long-term debt payments	—			(400		)	—			—		(400		)
Purchase of treasury stock at market prices	(6,549		)	—			—			—		(6,549		)
Net proceeds from issuance of common stock	1,343			—			—			—		1,343
Intercompany financing	18,446			(17,474		)	(972		)	—		—
Net cash provided by (used in) financing activities	13,240			(17,874		)	(972		)	—		(5,606		)
Effect of exchange rate changes on cash	—			—			(610		)	—		(610		)
Net increase in cash and cash equivalents	—			21,363			1,770			—		23,133
Cash and cash equivalents at beginning of year	—			192,604			29,676			—		222,280
Cash and cash equivalents at end of period	$	—		$	213,967		$	31,446		$	—	$	245,413

GIBRALTAR INDUSTRIES, INC.

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

NINE MONTHS ENDED SEPTEMBER 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	$	(15,136	)	$	64,702		$	(735	)	$	—	$	48,831
Cash Flows from Investing Activities
Cash paid for acquisitions	—			(18,494		)	—			—		(18,494		)
Net proceeds from sale of property and equipment	—			12,935			—			—		12,935
Purchases of property, plant, and equipment	—			(4,929		)	(223		)	—		(5,152		)
Net cash used in investing activities	—			(10,488		)	(223		)	—		(10,711		)
Cash Flows from Financing Activities
Long-term debt payments	—			(400		)	—			—		(400		)
Purchase of treasury stock at market prices	(1,982		)	—			—			—		(1,982		)
Net proceeds from issuance of common stock	649			—			—			—		649
Intercompany financing	16,469			(14,813		)	(1,656		)	—		—
Net cash provided by (used in) financing activities	15,136			(15,213		)	(1,656		)	—		(1,733		)
Effect of exchange rate changes on cash	—			—			1,468			—		1,468
Net increase (decrease) in cash and cash equivalents	—			39,001			(1,146		)	—		37,855
Cash and cash equivalents at beginning of year	—			143,826			26,351			—		170,177
Cash and cash equivalents at end of period	$	—		$	182,827		$	25,205		$	—	$	208,032