APOG
Apogee Enterprises, Inc.40.34
+0.40+1%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
868.50MP/E (TTM)
19.58Basic EPS (TTM)
2.06Dividend Yield
0.03%Recent Filings
8-K
CFO promotion confirmed
Apogee Enterprises promoted Mark R. Augdahl, 60, from interim CFO to permanent Executive VP and CFO effective January 19, 2026, after 25 years in finance roles. He gets $550,000 base salary, $700,000 restricted stock (50% vesting yearly over two years), and $50,000 sign-on bonus. Internal continuity stabilizes finance leadership. No family ties to directors.
8-K
CFO resigns; interim named
Apogee Enterprises' CFO Matthew J. Osberg resigned effective January 16, 2026, after tendering notice on January 2. Mark Augdahl, Chief Accounting Officer since 2023 with 25 years at the firm, steps in as interim CFO from January 7. Search underway for permanent replacement. Smooth transition hinges on Augdahl's deep experience.
8-K
Q3 sales up 2.1%, earnings down
Apogee Enterprises posted Q3 FY2026 net sales up 2.1% to $348.6 million, fueled by $18.4 million from the UW Solutions acquisition, yet net earnings dropped 21.2% to $16.5 million amid lower volumes and higher costs. Adjusted EBITDA edged up 0.7% to $46.1 million at 13.2% margin. Project Fortify Phase 2 now eyes $25-26 million annual savings by Q4. Fiscal 2026 adjusted EPS outlook tightened to $3.40-$3.50.
10-Q
Q3 FY2026 results
Apogee's Q3 FY2026 sales rose 2.1% y/y to $348.6M, fueled by UW Solutions acquisition closed Nov 2024 for $240.9M cash (recognizing $107.8M goodwill, $79.7M intangibles), yet organic volumes dipped across Architectural Metals (-9.9%) and Glass (-12.4% 9M). Gross margin slipped to 23.8% from 26.1% on higher aluminum and restructuring costs from Project Fortify Phase 2; operating income fell to $24.9M (-13.1% y/y). Diluted EPS of $0.77 reconciles to 21.6M shares. Cash holds steady at $41.3M, OCF $66.6M (9M), FCF $48.3M (derived), with $255M debt and $407.4M revolver availability under compliant covenants. Performance Surfaces surged 59.6%. Construction disputes linger.
8-K
Apogee appoints interim CEO
Apogee Enterprises ousted CEO Ty Silberhorn effective October 31, 2025, appointing board chair Donald A. Nolan as interim CEO and Executive Chair through October 31, 2026, with $925,000 base salary and $1.75M restricted stock grant. Silberhorn receives $932,000 salary continuation, accelerated vesting of 78,376 shares plus 16,867 performance shares, and $466,000 incentive. Board starts permanent CEO search. Fiscal 2026 outlook reaffirmed.
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