APOG

Apogee Enterprises, Inc. APOG used its first-quarter fiscal 2027 earnings call to stress execution and portfolio reshaping rather than headline growth. Management framed the quarter as proof that pricing discipline and cost actions can offset a still uneven demand backdrop. The bigger message was what comes next. Executives reaffirmed full-year guidance, pointed to a more second-half-weighted year and cast the pending Kalwall deal as a strategic move to improve the company’s mix and earnings durability. Adjusted EPS of 57 cents and revenues of $342.7 million came in ahead of the Zacks Consensus Estimate of 43 cents and $333.9 million, producing surprises of 32.6% and 2.6%, respectively. Apogee Enterprises, Inc. price-consensus-eps-surprise-chart | Apogee Enterprises, Inc. Quote CFO Mark Augdahl said first-quarter profit finished ahead of internal expectations even as net sales slipped 1.1% year over year. He tied the result to pricing actions, productivity gains and savings from Project Fortify Phase 2, which helped offset higher material and freight costs and lower volume. Management kept fiscal 2027 guidance unchanged at $1.38-$1.43 billion in net sales and $2.70-$3.25 in adjusted EPS, excluding Kalwall. Augdahl also said results should skew more heavily toward the second half, while second-quarter sales and adjusted EPS are expected to run below the prior year. Executive chair and CEO Donald Nolan made the pending Kalwall acquisition the clearest strategic theme of the call. He described the deal as a way to expand into faster-growing, specification-driven daylighting products tied to energy-efficiency trends and institutional end markets. Nolan said the business should strengthen Apogee’s standing with architects and specifiers while broadening the company’s higher-margin, differentiated offerings. He also presented Kalwall as a counterweight to the more cyclical parts of the Glass segment, reinforcing management’s effort to improve the durability of earnings over time. Augdahl added more financial detail, saying Kalwall is expected to generate about $85 million of revenues over the first 12 months at roughly a 15% adjusted EBITDA margin, with a long-term margin target of 20%. The deal is expected to close in early July and be accretive in the first year. The quarter again showed a split portfolio. Architectural Services posted 8.2% sales growth, and Nol...

Apogee Enterprises, Inc. APOG reported adjusted earnings of 57 cents per share for first-quarter fiscal 2027, beating the Zacks Consensus Estimate of 43 cents by 32.56%. The bottom line rose 1.8% year over year.Including one-time items, the company reported EPS of 54 cents against the year-ago quarter's loss of 13 cents. Apogee Enterprises, Inc. price-consensus-eps-surprise-chart | Apogee Enterprises, Inc. Quote Apogee generated revenues of $342.7 million in the quarter under review, down 1.1% year over year due to lower volume. This was partially offset by favorable pricing as the company passed on higher material and freight costs, along with a favorable mix. The top line beat the Zacks Consensus Estimate of $334 million. Architectural Services backlog reached $734.5 million compared with $683 million at the end of fiscal year 2026. Cost of sales in the fiscal first quarter decreased 1.4% year over year to $268 million. Gross profit fell 0.1% year over year to $75 million. The gross margin increased 21.9% from 21.7% in the prior-year quarter. The improvement was driven by price, productivity gains, savings from Project Fortify Phase 2 and a favorable mix, partly offset by higher material and freight costs and lower volume.Selling, general and administrative expenses fell 17.6% year over year to $56.2 million. SG&A expenses as a percentage of sales improved 330 basis points to 16.4%, mainly due to cost savings from Fortify Phase 2.Operating income totaled $18.8 million in the quarter under review, marking a 171.8% jump from $6.9 million in the prior-year quarter. In the fiscal first quarter, revenues in the Architectural Metals segment declined 4.8% year over year to $122.4 million due to lower volume. This was partially offset by a favorable price and product mix. The segment’s adjusted EBITDA was $13.7 million compared with the year-ago quarter’s $9.4 million.Revenues in the Architectural Glass segment fell 7.6% year over year to $67.7 million due to lower prices and volume. This was partially offset by a favorable mix. The segment’s adjusted EBITDA was $5.9 million compared with $13.4 million in the prior-year quarter.Revenues in the Architectural Services segment improved 8.2% year over year to $115.2 million on increased volume. The segment reported adjusted EBITDA of $6.1 million, up 1.2% year over year.Revenues in the Performance Surfaces segment ros...

Image source: The Motley Fool. Friday, June 26, 2026 at 9:00 a.m. ET Vice President, Investor Relations and Communications - Jeremy Steffan Chief Executive Officer - Donald A. Nolan Chief Financial Officer - Mark Richard Augdahl Operator: Day, and thank you for standing by. Welcome to the Apogee Enterprises First Quarter Earnings Conference Call. At this time, participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. You will then hear an automated message advising your hand is raised. To withdraw your question, please press 1, 1 again. As a reminder, this conference is being recorded for replay purposes. I will now turn the conference over to Jeremy Steffan, Vice President, Investor Relations and Communications to begin Jeremy, please go ahead. Jeremy Steffan: Thank you. Good morning, and welcome to Apogee Enterprises. Fiscal 2027 First Quarter Earnings Call. On the call today are Donald A. Nolan, Apogee's Chief Executive Officer and Mark Ogdahl, our Chief Financial Officer. During this call, the team will reference certain non GAAP financial measures. Definitions of these measures, a reconciliation to the nearest GAAP measures are provided in the earnings release and slide deck. Which are available in the Investor Relations section of our website. As a reminder, today's call will contain forward looking statements. Reflect management's expectations based on currently available information. Actual results may differ materially from those expressed today. More information about factors that could affect Apogee's business and financial results can be found in our press release and in the company's SEC filings. With that, I will turn the call over to Donald. Donald A. Nolan: Thanks, Jeremy, and good morning, everyone. We are glad you could join us for our first quarter earnings call. Our team delivered revenue of $343 million and adjusted diluted EPS of $0.57 in the quarter. Demonstrating strong execution across the business. Effectively navigated a challenging environment marked by rising aluminum costs, a dynamic macroeconomic backdrop, and elevated interest rates. These results were supported by a sustained focus on cost control, and thoughtful pricing actions in response to higher input costs. Across our segments, results reflected a mix of solid performance continued variability in end markets....

Apogee Enterprises, Inc. reported past first‑quarter 2026 results showing sales of US$342.68 million and a shift from a US$2.69 million net loss to US$11.54 million in net income, while also reaffirming its fiscal 2027 net sales guidance and outlining the potential impact of the pending Kalwall acquisition. Alongside this earnings turnaround, Apogee continued its long-running share repurchase program, buying back 275,477 shares in the latest tranche and bringing total buybacks under the plan to 12,727,266 shares, while maintaining a quarterly dividend of US$0.27 per share. With this earnings recovery and reaffirmed fiscal 2027 outlook, we’ll explore how the updated guidance influences Apogee’s existing investment narrative. Find 44 companies with promising cash flow potential yet trading below their fair value. To own Apogee, you need to believe its architectural glass and framing business can convert building and renovation trends into steady margins while managing cost and demand swings. The latest quarter’s move back into profitability and the reaffirmed fiscal 2027 sales guidance support that thesis, but the biggest near term catalyst remains execution on acquisitions like Kalwall, while the key risk is still weaker non residential construction demand that could keep pressure on volumes and margins. The most relevant update here is Apogee’s reaffirmed fiscal 2027 net sales outlook of US$1.38 billion to US$1.43 billion, rising to US$1.43 billion to US$1.48 billion if the Kalwall deal closes as expected. That range gives investors a reference point for how management currently sees demand and integration shaping up, which matters directly for the catalysts around operational efficiency efforts and for assessing whether acquisition driven growth can offset ongoing exposure to the U.S. commercial construction cycle. But even with this improved near term profitability, investors should be aware of the risk that prolonged weakness in commercial building activity could still... Read the full narrative on Apogee Enterprises (it's free!) Apogee Enterprises' narrative projects $1.6 billion revenue and $93.5 million earnings by 2029. This requires 3.6% yearly revenue growth and about a $39.4 million earnings increase from $54.1 million today. Uncover how Apogee Enterprises' forecasts yield a $42.50 fair value, a 13% downside to its current price. Some of the most o...

MINNEAPOLIS (AP) — MINNEAPOLIS (AP) — Apogee Enterprises Inc. (APOG) on Friday reported fiscal first-quarter net income of $11.5 million, after reporting a loss in the same period a year earlier. The Minneapolis-based company said it had net income of 54 cents per share. Earnings, adjusted for one-time gains and costs, came to 57 cents per share. The glass products company posted revenue of $342.7 million in the period. Apogee Enterprises expects full-year earnings in the range of $2.70 to $3.25 per share, with revenue in the range of $1.38 billion to $1.43 billion. Apogee Enterprises shares have risen 17% since the beginning of the year. The stock has climbed 9% in the last 12 months. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on APOG at https://www.zacks.com/ap/APOG

This article first appeared on GuruFocus. Revenue: $342.7 million, a decrease of 1.1% year-over-year. Adjusted Diluted EPS: $0.57, ahead of expectations and up year-over-year. Adjusted EBITDA Margin: 9.4%, down from 9.9% a year ago. Metals Net Sales: $122 million, a decline of 4.8%. Services Segment Net Sales Growth: 8.2%, marking the ninth consecutive quarter of growth. Services Segment Backlog: $735 million, up 8% year-over-year and 6% sequentially. Glass Net Sales: $67.7 million, a decline of 7.6%. Net Cash Provided by Operating Activities: $7.4 million, compared to a net use of $19.8 million a year ago. Stock Repurchase: $9.7 million in the quarter. Dividends Returned to Shareholders: $5.6 million. Consolidated Leverage Ratio: 1.3 times. Fiscal 2027 Full Year Net Sales Guidance: $1.38 billion to $1.43 billion. Fiscal 2027 Adjusted EPS Guidance: $2.70 to $3.25. Kalwall Acquisition Expected Revenue: Approximately $85 million with a 15% adjusted EBITDA margin in the first 12 months. Warning! GuruFocus has detected 5 Warning Signs with CNVS. Is APOG fairly valued? Test your thesis with our free DCF calculator. Release Date: June 26, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Apogee Enterprises Inc (NASDAQ:APOG) delivered revenue of $343 million and adjusted diluted EPS of $0.57, demonstrating strong execution despite challenging conditions. The Services segment achieved its ninth consecutive quarter of top-line growth, with an 8.2% increase in net sales. The acquisition of Kalwall is expected to be accretive in the first year, with anticipated revenue of approximately $85 million and a long-term margin rate of 20%. The company maintained a strong balance sheet with a consolidated leverage ratio of 1.3 times and significant capital available for future deployment. Apogee Enterprises Inc (NASDAQ:APOG) is actively advancing its strategy with a focus on building a more differentiated, higher-margin, and specification-driven portfolio. Net sales decreased by 1.1% to $342.7 million, primarily due to lower volume in metals and glass segments. Adjusted EBITDA margin decreased to 9.4% from 9.9% a year ago, impacted by higher material and freight costs. The Glass segment faced pressure from softer conditions in new construction and lower demand for premium product offerings. The Performance Surfaces segmen...

First-quarter net sales of $342.7 million First-quarter diluted EPS of $0.54 and adjusted diluted EPS of $0.57 Pending Kalwall acquisition on track for early July close, advancing strategy to expand into higher-growth differentiated product offerings Company reaffirms fiscal 2027 guidance MINNEAPOLIS, June 26, 2026--(BUSINESS WIRE)--Apogee Enterprises, Inc. (Nasdaq: APOG), a leading provider of architectural building products and services, as well as high-performance coated materials used in a variety of applications, today reported its results for the first quarter of fiscal 2027, ended May 30, 2026. The Company reported the following selected financial results: "Our results for the quarter reflect solid execution as our team effectively navigated a dynamic operating environment," said Donald Nolan, Executive Chair and CEO. "We continued to advance our strategic priorities while maintaining strong operational performance across the business. We also maintained a disciplined capital allocation approach, returning cash to shareholders through dividends and share repurchases. In parallel, we are progressing integration planning for the pending Kalwall acquisition, which we expect to support our long-term growth strategy following its anticipated early July closing." First-Quarter Consolidated Results (First Quarter Fiscal 2027 compared to First Quarter Fiscal 2026) Net sales decreased 1.1% to $342.7 million, driven by lower volume, partially offset by favorable pricing as we pass on higher material and freight costs and mix. Gross margin rose 20 basis points to 21.9%, primarily due to price, productivity improvements including savings from Project Fortify 2, and favorable mix, partially offset by higher material and freight costs and impacts from lower volume. Selling, general and administrative (SG&A) expenses as a percentage of net sales decreased 330 basis points to 16.4%, primarily due to benefits from cost savings of Fortify Phase 2. Operating income increased to $18.8 million from $6.9 million, and operating margin increased 350 basis points to 5.5%. Adjusted EBITDA decreased to $32.1 million, compared to $34.4 million, and adjusted EBITDA margin decreased to 9.4%, compared to 9.9%. The decrease in adjusted EBITDA margin was primarily driven by higher material and freight costs and the impacts from lower volume, partially offset by productivity improveme...

Apogee Enterprises (APOG) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.56 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +32.56%. A quarter ago, it was expected that this glass products company would post earnings of $0.89 per share when it actually produced earnings of $0.92, delivering a surprise of +3.37%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Apogee Enterprises, which belongs to the Zacks Glass Products industry, posted revenues of $342.68 million for the quarter ended May 2026, surpassing the Zacks Consensus Estimate by 2.64%. This compares to year-ago revenues of $346.62 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Apogee Enterprises shares have added about 16.7% since the beginning of the year versus the S&P 500's gain of 7.5%. While Apogee Enterprises has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Apogee Enterprises was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete l...

Apogee Enterprises (APOG) reported fiscal Q1 adjusted earnings Friday of $0.57 per diluted share, up

Architectural products company Apogee (NASDAQ:APOG) will be announcing earnings results this Friday before market hours. Here’s what you need to know. Apogee beat analysts’ revenue expectations last quarter, reporting revenues of $351.4 million, up 1.6% year on year. It was an exceptional quarter for the company, with a solid beat of analysts’ adjusted operating income estimates and full-year revenue guidance exceeding analysts’ expectations. Is Apogee a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members. This quarter, the market is expecting Apogee’s revenue to decline 4.3% year on year, a reversal from the 4.6% increase it recorded in the same quarter last year. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Apogee rarely misses Wall Street’s revenue estimates. With Apogee being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unfold for building products stocks. However, there has been positive investor sentiment in the segment, with share prices up 3.3% on average over the last month. Apogee is up 14% during the same time . ALSO WORTH WATCHING: Nvidia’s Quiet Partner. Nvidia’s chips cost a hundred grand. The connectors that make them work cost even more. One company makes them all. Every AI server needs specialized infrastructure the chip companies don’t make. High-speed cables. Power connectors. Thermal sensors. This 90-year-old company built a monopoly on it. The AI boom just started. This stock is still flying under the radar. Claim The Stock Ticker Here for FREE.

MINNEAPOLIS, June 25, 2026--(BUSINESS WIRE)--Apogee Enterprises, Inc. (Nasdaq: APOG), announced today that its Board of Directors has declared a quarterly cash dividend of $0.27 per share. The dividend will be payable on July 29, 2026, to shareholders of record at the close of business on July 14, 2026. About Apogee Enterprises, Inc. Apogee Enterprises, Inc. (Nasdaq: APOG) is a leading provider of architectural building products and services, as well as high-performance coated materials used in a variety of applications. Headquartered in Minneapolis, MN, our portfolio of industry-leading products and services includes architectural glass, windows, curtainwall, storefront and entrance systems, integrated project management and installation services, and high-performance coatings that provide protection, innovative design, and enhanced performance. For more information, visit www.apog.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260625794180/en/ Contacts Jeremy SteffanVP, Investor Relations & [email protected]