SUPPLEMENTAL FINANCIAL INFORMATION

The following information sets forth the consolidating summary financial statements of the issuer (Gibraltar Industries, Inc.) and guarantors, which guarantee the Senior Subordinated 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 STATEMENT OF OPERATIONS

YEAR ENDED DECEMBER 31, 2018

(in thousands)



	Gibraltar Industries, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales	$	—		$	960,142		$	64,090		$	(21,860	)	$	1,002,372
Cost of sales	—			728,187			52,857			(21,032		)	760,012
Gross profit	—			231,955			11,233			(828		)	242,360
Selling, general, and administrative expense	151			139,726			6,963			—			146,840
Intangible asset impairment	—			615			937			—			1,552
(Loss) income from operations	(151		)	91,614			3,333			(828		)	93,968
Interest expense (income)	13,609			(1,279		)	(266		)	—			12,064
Other expense (income)	—			3,396			(1,437		)	—			1,959
(Loss) income before taxes	(13,760		)	89,497			5,036			(828		)	79,945
(Benefit of) provision for income taxes	(3,853		)	18,544			1,445			—			16,136
Equity in earnings from subsidiaries	74,544			3,591			—			(78,135		)	—
Net income	$	64,637		$	74,544		$	3,591		$	(78,963	)	$	63,809

GIBRALTAR INDUSTRIES, INC.

CONSOLIDATING STATEMENT OF OPERATIONS

YEAR ENDED DECEMBER 31, 2017

(in thousands)



	Gibraltar Industries, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales	$	—		$	947,604		$	52,738		$	(13,424	)	$	986,918
Cost of sales	—			719,587			43,187			(12,400		)	750,374
Gross profit	—			228,017			9,551			(1,024		)	236,544
Selling, general, and administrative expense	147			133,409			9,892			—			143,448
Intangible asset impairment	—			200			47			—			247
(Loss) income from operations	(147		)	94,408			(388		)	(1,024		)	92,849
Interest expense (income)	13,609			512			(89		)	—			14,032
Other expense	—			500			409			—			909
(Loss) income before taxes	(13,756		)	93,396			(708		)	(1,024		)	77,908
(Benefit of) provision for income taxes	(5,079		)	19,787			235			—			14,943
(Loss) income from continuing operations	(8,677		)	73,609			(943		)	(1,024		)	62,965
Discontinued operations:
Loss before taxes	—			(644		)	—			—			(644		)
Benefit of income taxes	—			(239		)	—			—			(239		)
Loss from discontinued operations	—			(405		)	—			—			(405		)
Equity in earnings from subsidiaries	72,261			(943		)	—			(71,318		)	—
Net income (loss)	$	63,584		$	72,261		$	(943	)	$	(72,342	)	$	62,560

GIBRALTAR INDUSTRIES, INC.

CONSOLIDATING STATEMENT OF OPERATIONS

YEAR ENDED DECEMBER 31, 2016

(in thousands)



	Gibraltar Industries, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales	$	—		$	950,945		$	78,184		$	(21,148	)	$	1,007,981
Cost of sales	—			722,315			62,729			(21,825		)	763,219
Gross profit	—			228,630			15,455			677			244,762
Selling, general, and administrative expense	14,302			137,343			9,454			—			161,099
Intangible asset impairment	—			7,980			2,195			—			10,175
(Loss) income from operations	(14,302		)	83,307			3,806			677			73,488
Interest expense (income)	13,609			1,042			(74		)	—			14,577
Other expense (income)	8,716			512			(300		)	—			8,928
(Loss) income before taxes	(36,627		)	81,753			4,180			677			49,983
(Benefit of) provision for income taxes	(11,768		)	27,551			481			—			16,264
(Loss) income from continuing operations	(24,859		)	54,202			3,699			677			33,719
Discontinued operations:
Loss before taxes	—			(70		)	—			—			(70		)
Benefit of income taxes	—			(26		)	—			—			(26		)
Loss from discontinued operations	—			(44		)	—			—			(44		)
Equity in earnings from subsidiaries	57,857			3,699			—			(61,556		)	—
Net income	$	32,998		$	57,857		$	3,699		$	(60,879	)	$	33,675

GIBRALTAR INDUSTRIES, INC.

CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME

(in thousands)



	Gibraltar Industries, Inc.		Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Year ended December 31, 2018
Net income	$	64,637	$	74,544		$	3,591		$	(78,963	)	$	63,809
Other comprehensive income:
Foreign currency translation adjustment	—		—			(3,241		)	—			(3,241		)
Cumulative effect of accounting change (see Note 2)	—		(350		)	—			—			(350		)
Adjustment to pension and post-retirement benefit liability, net of tax	—		723			—			—			723
Other comprehensive income (loss)	—		373			(3,241		)	—			(2,868		)
Total comprehensive income	$	64,637	$	74,917		$	350		$	(78,963	)	$	60,941



	Gibraltar Industries, Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Total
Year ended December 31, 2017
Net income (loss)	$	63,584	$	72,261	$	(943	)	$	(72,342	)	$	62,560
Other comprehensive income:
Foreign currency translation adjustment	—		—		3,150			—			3,150
Adjustment to pension and post-retirement benefit liability, net of tax	—		205		—			—			205
Other comprehensive income	—		205		3,150			—			3,355
Total comprehensive income	$	63,584	$	72,466	$	2,207		$	(72,342	)	$	65,915



	Gibraltar Industries, Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Total
Year ended December 31, 2016
Net income	$	32,998	$	57,857	$	3,699	$	(60,879	)	$	33,675
Other comprehensive income:
Foreign currency translation adjustment	—		—		6,945		—			6,945
Adjustment to pension and post-retirement benefit liability, net of tax	—		750		—		—			750
Other comprehensive income	—		750		6,945		—			7,695
Total comprehensive income	$	32,998	$	58,607	$	10,644	$	(60,879	)	$	41,370

GIBRALTAR INDUSTRIES, INC.

CONSOLIDATING BALANCE SHEET

DECEMBER 31, 2018

(in thousands)



	Gibraltar Industries, Inc.		Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Assets
Current assets:
Cash and cash equivalents	$	—	$	262,716		$	34,290		$	—		$	297,006
Accounts receivable, net	—		132,841			7,442			—			140,283
Intercompany balances	1,183		2,439			(3,622		)	—			—
Inventories	—		94,700			4,213			—			98,913
Other current assets	3,853		1,146			3,352			—			8,351
Total current assets	5,036		493,842			45,675			—			544,553
Property, plant, and equipment, net	—		93,034			2,796			—			95,830
Goodwill	—		301,309			22,362			—			323,671
Acquired intangibles	—		89,556			6,819			—			96,375
Other assets	—		1,047			169			—			1,216
Investment in subsidiaries	806,155		62,722			—			(868,877		)	—
	$	811,191	$	1,041,510		$	77,821		$	(868,877	)	$	1,061,645
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable	$	—	$	73,934		$	5,202		$	—		$	79,136
Accrued expenses	5,493		77,282			4,299			—			87,074
Billings in excess of cost	—		13,864			3,993			—			17,857
Current maturities of long-term debt	209,005		(200		)	—			—			208,805
Total current liabilities	214,498		164,880			13,494			—			392,872
Long-term debt	—		1,600			—			—			1,600
Deferred income taxes	—		34,925			1,605			—			36,530
Other non-current liabilities	—		33,950			—			—			33,950
Shareholders’ equity	596,693		806,155			62,722			(868,877		)	596,693
	$	811,191	$	1,041,510		$	77,821		$	(868,877	)	$	1,061,645

GIBRALTAR INDUSTRIES, INC.

CONSOLIDATING BALANCE SHEET

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 STATEMENT OF CASH FLOWS

DECEMBER 31, 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	$	(13,252	)	$	103,543		$	7,254		$	—	$	97,545
Cash Flows from Investing Activities
Purchases of property, plant, and equipment	—			(12,054		)	(403		)	—		(12,457		)
Acquisitions, net of cash acquired	—			(5,241		)	—			—		(5,241		)
Net proceeds from sale of property and equipment	—			3,063			86			—		3,149
Net cash used in investing activities	—			(14,232		)	(317		)	—		(14,549		)
Cash Flows from Financing Activities
Long-term debt payments	—			(400		)	—			—		(400		)
Purchase of treasury stock at market prices	(7,165		)	—			—			—		(7,165		)
Intercompany financing	19,032			(18,799		)	(233		)	—		—
Net proceeds from issuance of common stock	1,385			—			—			—		1,385
Net cash provided by (used in) financing activities	13,252			(19,199		)	(233		)	—		(6,180		)
Effect of exchange rate changes on cash	—			—			(2,090		)	—		(2,090		)
Net increase in cash and cash equivalents	—			70,112			4,614			—		74,726
Cash and cash equivalents at beginning of year	—			192,604			29,676			—		222,280
Cash and cash equivalents at end of year	$	—		$	262,716		$	34,290		$	—	$	297,006

GIBRALTAR INDUSTRIES, INC.

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

DECEMBER 31, 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	$	(15,172	)	$	83,114		$	2,128		$	—	$	70,070
Cash Flows from Investing Activities
Purchases of property, plant, and equipment	—			(11,026		)	(373		)	—		(11,399		)
Acquisitions, net of cash acquired	—			(18,494		)	—			—		(18,494		)
Net proceeds from sale of property and equipment	—			12,905			191			—		13,096
Net cash used in investing activities	—			(16,615		)	(182		)	—		(16,797		)
Cash Flows from Financing Activities
Long-term debt payments	—			(400		)	—			—		(400		)
Purchase of treasury stock at market prices	(2,872		)	—			—			—		(2,872		)
Intercompany financing	17,370			(17,321		)	(49		)	—		—
Net proceeds from issuance of common stock	674			—			—			—		674
Net cash provided by (used in) financing activities	15,172			(17,721		)	(49		)	—		(2,598		)
Effect of exchange rate changes on cash	—			—			1,428			—		1,428
Net increase in cash and cash equivalents	—			48,778			3,325			—		52,103
Cash and cash equivalents at beginning of year	—			143,826			26,351			—		170,177
Cash and cash equivalents at end of year	$	—		$	192,604		$	29,676		$	—	$	222,280

GIBRALTAR INDUSTRIES, INC.

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

DECEMBER 31, 2016

(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	$	(34,243	)	$	140,890		$	17,340		$	—	$	123,987
Cash Flows from Investing Activities
Purchases of property, plant, and equipment	—			(10,321		)	(458		)	—		(10,779		)
Acquisitions, net of cash acquired	—			(23,412		)	—			—		(23,412		)
Net proceeds from sale of property and equipment	—			230			723			—		953
Net proceeds from sale of business	—			—			8,250			—		8,250
Other, net	—			1,118								1,118
Net cash (used in) provided by investing activities	—			(32,385		)	8,515			—		(23,870		)
Cash Flows from Financing Activities
Long-term debt payments	—			(400		)	—			—		(400		)
Payment of debt issuance costs	—			(54		)	—			—		(54		)
Purchase of treasury stock at market prices	(1,539		)	—			—			—		(1,539		)
Intercompany financing	32,441			(3,822		)	(28,619		)	—		—
Net proceeds from issuance of common stock	3,341			—			—			—		3,341
Net cash provided by (used in) financing activities	34,243			(4,276		)	(28,619		)	—		1,348
Effect of exchange rate changes on cash	—			—			(146		)	—		(146		)
Net increase (decrease) in cash and cash equivalents	—			104,229			(2,910		)	—		101,319
Cash and cash equivalents at beginning of year	—			39,597			29,261			—		68,858
Cash and cash equivalents at end of year	$	—		$	143,826		$	26,351		$	—	$	170,177