A roll-forming apparatus is provided with a plurality of roll-forming stations adapted to facilitate the formation of either a C-shaped component or a Z-shaped component from a sheet of material. The roll-forming stations have forming rolls that make contact with the sheet of material and a pair of telescoping arbor assemblies that support the forming rolls so that the lateral distance between the forming rolls may be adjusted. The roll-forming apparatus has a number of movable forming rolls and a number of fixed forming rolls having two different forming surfaces to facilitate the formation of both C-shaped and Z-shaped components.