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GIBRALTAR INDUSTRIES Gibraltar Announces Third Quarter 2021 Financial Results October 27 , 2021 Q3 Revenue Increased 25 % - 4 % Organic and 21 % from Acquisitions GAAP EPS of $ 0.84 ; Adjusted EPS of $ 0.91 Order Backlog Increases 10 % to $ 385M , Driven by Renewables 2021 Outlook Adjusted for Amplified Inflation and Supply Chain Challenges BUFFALO , N.Y .-- ( BUSINESS WIRE ) -- Oct . 27 , 2021-- Gibraltar Industries , Inc. ( Nasdaq : ROCK ) , a leading manufacturer and provider of products and services for the renewable energy , residential , agtech and infrastructure markets , today reported its financial results for the three - month period ended September 30 , 2021 . " Our team executed well and delivered solid results despite significant acceleration of inflation and supply chain disruption that exceeded our expectations going into the quarter , " President and Chief Executive Officer Bill Bosway stated . " We continued to drive growth through price management , participation gains , and steady end market demand , and our backlog of $ 385 million increased 10 % on a proforma basis . We focused on optimizing operating profit dollars while navigating margin performance through higher input costs , the timing and alignment of additional price increases with our higher input costs , and project schedule disruptions in our Renewables and Agtech businesses related to industry - specific supply dynamics . We remain confident that margins will begin to improve once inflation moderates and expand further as supply chain disruptions become less impactful . Given strong fundamental demand drivers in our end markets , we expect today's environment to have minimal impact on the long - term outlook for our portfolio businesses . " Third Quarter 2021 Consolidated Results from Continuing Operations Below are third quarter 2021 consolidated results from continuing operations : $ Millions , except EPS GAAP Net Sales Net Income Diluted EPS Three Months Ended September 30 , Renewables 2021 2020 % Change 2021 2020 $ 369.4 $ 296.8 24.5 % $ 27.9 $ 31.3 -10.9 % Adjusted $ 0.84 $ 0.95 -11.6 % $ 369.4 $ 296.8 24.5 % % Change $ 30.2 $ 32.3 -6.5 % $ 0.91 $ 0.98 -7.1 % Net sales from continuing operations increased 24.5 % to $ 369.4 million , with organic growth contributing 3.9 % and recent acquisitions 20.6 % . Organic growth was driven by pricing , end market demand in Renewables and Infrastructure and participation gains primarily in Residential . GAAP earnings decreased 10.9 % to $ 27.9 million , or $ 0.84 per share , and adjusted earnings decreased 6.5 % to $ 30.2 million , or $ 0.91 per share , as materials and transportation inflation curves steepened more sharply and supply chain became more difficult during the third quarter across the businesses , partially offset by price increases , 80/20 and lean productivity initiatives , the TerraSmart acquisition , and margin expansion in the legacy Renewables business . Adjusted measures remove charges for restructuring initiatives , acquisition - related items , and senior leadership transition costs , as further described in the appended reconciliation of adjusted financial measures . Third Quarter Segment Results For the third quarter , the Renewables segment reported : Three Months Ended September 30 ,