ROCK reported 3Q:25 sales and EPS below our projections, as project timing in the Agtech segment and product mix and integration costs in Residential weighed on what was otherwise a solid 3Q:25 result. 3Q:25 adjusted sales rose 13% year over year, led by inorganic contributions from the three metal roofing tuck-in deals in Residential, and the Lane Supply acquisition in Agtech. ROCK's Organic sales declined 7% year over year. ROCK's Residential expansion initiatives remain on track, with management choosing to accelerate investments in 2025 to position the segment for scale and geographic expansion in the coming years. The company's intent is to deploy capital toward increased offerings of metal roofing. This would add a third sales channel (direct-to-contractor) with distinct advantages and barriers to entry against larger players. We temper our estimates as we account for ongoing softness in Residential end-market trends and for the ongoing risk of Agtech project timing shifts. ROCK continues to be debt free, and generated strong cash flow in 3Q:25, which supports our moderate risk rating. Our trimmed price target of $81 (from $83) is now based on a steady 18x our modestly lowered 2026 EPS estimate of $4.48 (from $4.60).