Apogee Enterprises, Inc.
36.82-1.06 (-2.8%)
Oct 29, 4:00:01 PM EDT · NasdaqGS · APOG · USD
Key Stats
Market Cap
792.03MP/E (TTM)
17.87Basic EPS (TTM)
2.06Dividend Yield
0.03%Recent Filings
10-Q
Q2 FY2026 results
Apogee Enterprises posted Q2 FY2026 net sales of $358.2M, up 4.6% y/y but flat q/q, fueled by the UW Solutions acquisition while Architectural Glass volumes dipped amid softer demand. Gross margins slipped to 23.1% from 28.4% y/y, pressured by higher material and tariff costs, yet operating income held at $26.9M despite $3.1M in Project Fortify restructuring charges. Diluted EPS came in at $1.10, down from $1.40 y/y but matching shares outstanding at 21.6M with no anti-dilution flagged. Cash stood at $39.5M with $270M total debt under the $700M facility (3.88% weighted rate, $392.4M revolver availability, covenants met); free cash flow wasn't disclosed in the 10-Q. The November 2024 UW Solutions buy closed for $232.2M cash, adding $107.8M goodwill and $79.7M intangibles to Performance Surfaces. Restructuring drags on short-term profits. Yet margins stabilize. Acquisition bolsters growth.
8-K
Apogee appoints metals segment president
Apogee Enterprises appointed Troy R. Johnson as President of the Architectural Metals Segment, effective August 7, 2025, succeeding Nicholas C. Longman who resigned the same day. Johnson, a 25-year industry veteran and company executive since 2011, receives a $505,050 base salary and $325,000 in restricted stock vesting over two years, plus guaranteed incentives for fiscal 2026 and 2027. These internal promotions highlight leadership depth. Yet risks could alter results.
8-K
Apogee annual meeting results
Apogee Enterprises held its annual shareholder meeting on June 25, 2025, re-electing directors Elizabeth M. Lilly and Mark A. Pompa to three-year terms with strong support—Lilly garnered 17.4 million for votes, Pompa 16.6 million amid some opposition. Shareholders approved executive compensation advisory and ratified Deloitte & Touche as auditors for fiscal 2026, with 18.5 million for votes and no broker non-votes. Votes passed decisively. This affirms board stability and governance alignment.
10-Q
Q1 FY2026 results
Apogee Enterprises posted Q1 FY2026 net sales of $346.6M, up 4.6% y/y from $331.5M, fueled by $22.0M from the November 2024 UW Solutions acquisition, though organic sales dipped 2.1% on weaker Architectural Glass volumes and mix shifts in Architectural Metals. Gross margin slipped to 21.7% from 29.8%, while operating income fell to $6.9M from $41.4M, pressured by $15.3M in Project Fortify Phase 2 restructuring charges; diluted EPS swung to a $0.13 loss from $1.41 profit, with the net loss exceeding the operating loss due to higher interest and taxes. Cash burned $19.8M in operations versus $5.5M generated last year, with free cash flow at -$26.9M (derived) after $7.2M capex, yet $32.8M cash and $351.4M revolver availability back $311.0M debt under a $700M facility maturing 2029. The UW deal added $107.8M goodwill and $79.7M intangibles, targeting synergies in coated materials. Restructuring hit hard this quarter. Backlog holds steady at $682.9M in Architectural Services. Construction disputes remain a persistent drag.
8-K
Apogee Q1 sales rise, raises outlook
Apogee Enterprises reported Q1 fiscal 2026 net sales up 4.6% to $346.6 million, boosted by $22 million from the UW Solutions acquisition, yet swung to a $2.7 million net loss from $31.0 million profit last year due to $15.3 million in Project Fortify Phase 2 restructuring charges, higher tariffs, and aluminum costs. Adjusted EBITDA fell 34.7% to $34.4 million with a 9.9% margin, while Architectural Services backlog dipped to $682.9 million. Tariffs hit hard early. The company raised its full-year outlook to $1.40-$1.44 billion in sales and $3.80-$4.20 adjusted EPS, expecting stronger second-half momentum.
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