Chairman of the Board, President & Chief Executive Officer, Gibraltar
Search every verified William Bosway interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. At the Gabelli PVW Symposium on March 17, 2025, Bosway stated that Gibraltar Industries' residential segment, its largest, focuses approximately 85% on repair work rather than remodeling. He described a strategic shift since 2019, moving from 70% big-box retail business to a current mix of 70% wholesale serving contractors. Bosway said growth in the residential business is driven by participation gains in the top 40 metropolitan statistical areas, emphasizing local presence and tailored products to manage transportation costs. He noted the company has $270 million in net cash and said capital allocation priorities center on mergers and acquisitions, particularly in residential and agtech segments, with deal sizes ranging from $10 million to $100 million. Regarding renewable energy, Bosway stated that the solar industry has faced regulatory and supply chain challenges but that recent conclusions of Department of Commerce investigations are providing stability. He said the company believes the renewable energy market is solid and expects no major changes in 2025 despite political rhetoric, adding that modifications to incentives like the IRA would take time. Bosway also noted that the agtech business is growing with new orders and acquisitions, and that the solar canopy business, exemplified by a project at the Cincinnati Zoo, leverages the company's structural engineering expertise into markets with mid-single-digit growth.
“Our residential segment is our largest, focusing about 85% on repair rather than remodel, especially around roofing, which people fix only when necessary or on new houses.”
“The solar industry has faced many challenges over the last few years, including regulatory, legal, and supply chain issues, but for the first time in three or four years, major Department of Commerce investigations have concluded, which is causing some pause but also stability.”
“We believe the renewable energy market is solid and expect no major changes in 2025 despite political rhetoric; modifications to incentives like the IRA will take time and likely won't be immediate.”
“Our A-Tech business is growing with new orders and acquisitions, leveraging 80 years of experience designing and building high-tech, automated indoor growing facilities for food production.”
“We have $270 million in net cash on our balance sheet and our capital allocation priorities focus on M&A activity, especially in residential and agtech segments, with deal sizes ranging from $10 million to $100 million.”
“In the residential business, growth is driven by participation gains in local markets, focusing on the top 40 metropolitan statistical areas, with emphasis on speed, local presence, and tailored products to meet unique regional needs.”
“Transportation costs are a significant challenge in our industry because our products don't ship well over long distances; keeping operations local helps manage costs and improve profitability.”
“The solar canopy business, such as the project at Cincinnati Zoo powering 95% of its energy, exemplifies how we leverage our structural engineering and installation expertise into growing markets with mid-single-digit growth.”
“Despite political concerns, the solar market remains strong with significant investments and long project timelines of three to seven years, meaning current projects will continue regardless of short-term policy changes.”
Simon Wong (Portfolio Manager, Research Analyst) moderates a discussion with Gibraltar Industries' (NASDAQ: ROCK) William ...
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