GIBRALTAR REPORTS RECORD SALES AND NET INCOME FOR 2004

Annual Sales of $1 Billion, Net Income of $50.8 Million Surpass Longstanding Goals

BUFFALO, NEW YORK (February 14, 2005) - Gibraltar Industries, Inc. (Nasdaq: ROCK) today reported record sales and earnings for the three and 12 months ended December 31, 2004.

Sales in the fourth quarter of 2004 were $266 million, up 44 percent from $185 million in the fourth quarter of 2003. Sales in 2004 were $1 billion, an increase of 34 percent compared to $758 million in 2003.

Net income of $9.8 million in the fourth quarter of 2004 increased by 68 percent, from $5.8 million in the fourth quarter of 2003. Net income in 2004 was $50.8 million, an increase of 88 percent from $27 million in 2003.

Earnings per share in the fourth quarter of 2004 were $.33, compared to $.23 in the fourth quarter of 2003, an increase of 41 percent. For the full year of 2004, earnings per share were $1.72, compared to $1.11 in 2003, an increase of 55 percent.

"Our 2004 results, measured by a number of financial and operational benchmarks, were the best in Gibraltar's history. Our performance was driven by our efforts to build a company capable of producing consistent and steadily improving results by diversifying Gibraltar's market participation and focusing on operational improvements. We also continued Gibraltar's transformation by putting in place the organizational structure and systems that are necessary to support our growth. We actively continue to evaluate our portfolio of companies, which led to our recent decision to sell our Milcor subsidiary; that process continues.

"I want to personally thank and congratulate all 3,600 members of the Gibraltar Team for their hard work in 2004. Their contributions helped us produce record results and break through our long standing goals of $1 billion in sales and $45 million in net income," said Mr. Lipke.

"Looking ahead to the first quarter, we expect our earnings per share will be in the range of $.33 to $.36 consistent with our operating plan, compared to $.32 in the first quarter of 2004, barring a significant change in business conditions," said Mr. Lipke.

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Gibraltar Reports Record Sales and Net Income for 2004

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Gibraltar Industries is a leading manufacturer, processor, and distributor of metals and other engineered materials for the building products, vehicular, and other industrial markets. The Company serves approximately 10,000 customers in a variety of industries in all 50 states, Canada, Mexico, Europe, Asia, and Central and South America. It has approximately 3,600 employees and operates 72 facilities in 26 states, Canada, and Mexico.

Information contained in this release, other than historical information, should be considered forward-looking, and may be subject to a number of risk factors, including: general economic conditions, the impact of the availability and the effects of changing raw material prices on the Company's results of operations; the ability to pass through cost increases to customers; changing demand for the Company's products and services; risks associated with the integration of acquisitions; and changes in interest or tax rates.

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Gibraltar will review its fourth-quarter results and discuss its outlook for the first quarter during its quarterly conference call, which will be held at 11 a.m. Eastern Time on February 15. Investors and the general public are invited to listen to an Internet Web cast of the call, details of which can be found on Gibraltar's Web site, (www.gibraltar1.com).

CONTACT: Kenneth P. Houseknecht, Vice President of Communications and Investor Relations, at 716/826-6500, khouseknecht@gibraltar1.com.

Gibraltar's news releases, along with comprehensive information about the Company, are available on the Internet, at www.gibraltar1.com.

Gibraltar Reports Record Sales and Net Income for 2004

Page Three

GIBRALTAR INDUSTRIES, INC. Financial Highlights (in thousands, except per share data)
	Three Months Ended
		December 31, 2004		December 31, 2003

Net Sales	$	266,422	$	185,290
Net Income	$	9,773	$	5,820
Net Income Per Share-Basic	$	0.33	$	0.24
Weighted Average Shares Outstanding-Basic		29,542		24,714
Net Income Per Share-Diluted	$	0.33	$	0.23
Weighted Average Shares Outstanding-Diluted		29,763		24,993

	Twelve Months Ended
		December 31, 2004		December 31, 2003

Net Sales	$	1,014,664	$	758,261
Net Income	$	50,782	$	26,953
Net Income Per Share-Basic	$	1.73	$	1.12
Weighted Average Shares Outstanding-Basic		29,362		24,143
Net Income Per Share-Diluted	$	1.72	$	1.11
Weighted Average Shares Outstanding-Diluted		29,596		24,387

GIBRALTAR INDUSTRIES, INC. CONSOLIDATED BALANCE SHEETS (in thousands)
		December 31,
		2004		2003
Assets
Current assets:
Cash and cash equivalents	$	10,892	$	29,019
Accounts receivable		146,021		102,591
Inventories		207,215		107,531
Other current assets		15,479		10,309
Total current assets		379,607		249,450

Property, plant and equipment, net		269,019		250,029
Goodwill		285,927		267,157
Investments in partnerships		8,211		5,044
Other assets		14,937		6,063
	$	957,701	$	777,743

Liabilities and Shareholders' Equity
Current liabilities:
Accounts payable	$	70,775	$	49,879
Accrued expenses		51,885		29,029
Current maturities of long-term debt		14,692		19,848
Total current liabilities		137,352		98,756


Long-term debt		295,347		222,402
Deferred income taxes		66,485		55,982
Other non-current liabilities		4,774		6,422
Shareholders' equity:
Preferred stock		-		-
Common stock		297		289
Additional paid-in capital		209,765		199,110
Retained earnings		242,585		196,138
Unearned compensation		(572)		(818)
Accumulated other comprehensive loss		1,668		(538)
		453,743		394,181
Less treasury stock		-		-
Total shareholders' equity		453,743		394,181
	$	957,701	$	777,743

	GIBRALTAR INDUSTRIES, INC. CONSOLIDATED STATEMENTS OF INCOME (in thousands, except per share data)
		Three Months Ended December 31,							Twelve Months Ended December 31,
				2004			2003				2004			2003

Net sales			$		266,422	$		185,290		$		1,014,664	$		758,261
Cost of sales					219,770			150,329				804,930			610,832
Gross profit					46,652			34,961				209,734			147,429
Selling, general and administrative expense					28,699			21,918				117,088			89,312
Income from operations					17,953			13,043				92,646			58,117

Other (income) expense
Interest expense					3,842			4,014				14,243			14,252
Equity in partnerships income					(1,354)			(300)				(4,846)			(685)
Total other expense					2,488			3,714				9,397			13,567
Income before taxes					15,465			9,329				83,249			44,550
Provision for income taxes					5,692			3,509				32,467			17,597
Net income			$		9,773	$		5,820		$		50,782	$		26,953

Net income per share - Basic			$		0.33	$		0.24		$		1.73	$		1.12

Weighted average shares outstanding - Basic					29,542			24,714				29,362			24,143

Net income per share - Diluted			$		0.33	$		0.23		$		1.72	$		1.11

Weighted average shares outstanding - Diluted					29,763			24,993				29,596			24,387

GIBRALTAR INDUSTRIES, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands)
	Year Ended December 31,
			2004		2003
Cash flows from operating activities
Net income		$	50,782	$	26,953
Adjustment to reconcile net income to net cash
(used in) provided by operating activities:
Depreciation and amortization			25,029		22,448
Provision for deferred income taxes			6,773		6,502
Equity in partnerships' income			(4,846)		(685)
Distributions from partnerships' income			1,680		1,001
Tax benefit from exercise of stock options			1,249		949
Unearned compensation			153		212
Other non-cash adjustments			394		114
(Decrease) increase in cash resulting
from changes in (net of acquisitions):
Accounts receivable			(27,693)		(2,880)
Inventories			(89,616)		11,056
Other current assets			(2,608)		(2,108)
Accounts payable and accrued expenses			38,149		1,105
Other assets			(1,430)		(4)

Net cash (used in) provided by operating activities			(1,984)		64,663

Cash flows from investing activities
Acquisitions, net of cash acquired			(65,525)		(84,243)
Purchase of equity investment			-		(7,797)
Purchases of property, plant and equipment			(25,196)		(22,571)
Net proceeds from sale of property and equipment			1,388		436

Net cash used in investing activities			(89,333)		(114,175)

Cash flows from financing activities
Long-term debt reduction			(64,992)		(118,100)
Proceeds from long-term debt			132,302		122,144
Net proceeds from issuance of common stock			9,600		73,558
Payment of dividends			(3,720)		(2,733)

Net cash provided by financing activities			73,190		74,869

Net (decrease) increase in cash and cash equivalents			(18,127)		25,357

Cash and cash equivalents at beginning of year			29,019		3,662

Cash and cash equivalents at end of year		$	10,892	$	29,019

GIBRALTAR INDUSTRIES, INC. Segment Information (in thousands)
	Three Months Ended December 31,
						Increase (Decrease)
		2004		2003		$	%
Net Sales
Processed metal products	$	112,814	$	65,141	$	47,673	73.2%
Building products		127,224		96,712		30,512	31.5%
Thermal processing		26,384		23,437		2,947	12.6%

Total Sales	$	266,422	$	185,290	$	81,132	43.8%

Income (loss) from Operations
Processed metal products	$	12,038	$	6,177	$	5,861	94.9%
Building products		8,979		8,206		773	9.4%
Thermal processing		2,915		2,392		523	21.9%
Corporate		(5,979)		(3,732)		(2,247)	60.2%

Total Operating Income	$	17,953	$	13,043	$	4,910	37.6%

Operating Margin
Processed metal products		10.7%		9.5%
Building products		7.1%		8.5%
Thermal processing		11.0%		10.2%

	Twelve Months Ended December 31,
						Increase (Decrease)
		2004		2003		$	%
Net Sales
Processed metal products	$	395,287	$	268,512	$	126,775	47.2%
Building products		515,725		400,412		115,313	28.8%
Thermal processing		103,652		89,337		14,315	16.0%

Total Sales	$	1,014,664	$	758,261	$	256,403	33.8%

Income (loss) from Operations
Processed metal products	$	43,573	$	25,214	$	18,359	72.8%
Building products		62,166		40,142		22,024	54.9%
Thermal processing		13,731		9,387		4,344	46.3%
Corporate		(26,824)		(16,626)		(10,198)	61.3%

Total Operating Income	$	92,646	$	58,117	$	34,529	59.4%

Operating Margin
Processed metal products		11.0%		9.4%
Building products		12.1%		10.0%
Thermal processing		13.2%		10.5%

Gibraltar Industries (ROCK) 8-KRegulation FD Disclosure

GIBRALTAR REPORTS RECORD SALES AND NET INCOME FOR 2004

Three Months Ended

December 31, 2004

Twelve Months Ended

December 31, 2004