Gibraltar Expects New Growth to be Fueled by Residential Construction

Gibraltar Industries is expecting 2014 growth to be driven mainly by the residential new construction and residential remodeling said the company in its earnings call on Feb. 20.

“While we’re starting 2014 at a relatively slow pace given the cold and harsh weather in much of the country since the new year, we believe the U.S. housing market will continue its long-term recovery as the year progresses, said Brian Lipke, Chairman and Chief Executive Officer. “Also, severe weather conditions generally drive the need for a higher level of repair and maintenance for our residential building products. We expect to quickly put the weather-related issues behind us and resume building residential momentum as we did last year.”