Earnings summaries and quarterly performance for APOGEE ENTERPRISES.
Executive leadership at APOGEE ENTERPRISES.
Ty R. Silberhorn
Chief Executive Officer and President
Brent C. Jewell
President, Architectural Glass
Matt Christian
President, Architectural Services
Matthew J. Osberg
Executive Vice President and Chief Financial Officer
Raelyn A. Trende
Executive Vice President and Chief Human Resources Officer
Troy R. Johnson
President, Architectural Metals
Board of directors at APOGEE ENTERPRISES.
Research analysts who have asked questions during APOGEE ENTERPRISES earnings calls.
Julio Romero
Sidoti & Company, LLC
8 questions for APOG
Brent Thielman
D.A. Davidson
7 questions for APOG
Gowshihan Sriharan
Singular Research
4 questions for APOG
Jon Braatz
KCCA
4 questions for APOG
Gowshi Sri
Singular Research
3 questions for APOG
Joichi Sakai
Singular Research
1 question for APOG
Recent press releases and 8-K filings for APOG.
- The Portnoy Law Firm has initiated an investigation into Apogee Enterprises, Inc. for possible securities fraud and may file a class action on behalf of investors.
- This investigation follows Apogee's report of its Q3 FY2026 financial results on January 7, 2026.
- For Q3 FY2026, Apogee reported $355.3 million in sales, which the company stated missed the consensus estimate of $348.6 million.
- The company's CEO attributed the results to higher aluminum, restructuring, and health insurance costs.
- Following this news, Apogee's stock price fell $5.18 per share, or 13.89%, to close at $32.11 per share on January 7, 2026.
- Apogee Enterprises reported Q3 2026 net sales increased 2.1% to $348.6 million, with adjusted EBITDA margin slightly decreasing to 13.2% and adjusted diluted EPS at $1.02.
- The company updated its fiscal 2026 guidance, expecting net sales of approximately $1.39 billion and adjusted diluted EPS in the range of $3.40-$3.50, which includes a $0.30 EPS impact from tariffs.
- Matt Osberg departed as CFO, and Mark Augdahl was appointed interim CFO.
- Apogee expanded Project Fortify Phase 2, anticipating pre-tax charges of approximately $28-$29 million and estimated annual pre-tax cost savings of approximately $25-$26 million, with $10 million expected in fiscal 2027.
- The company is navigating challenging macroeconomic factors, including competitive market dynamics, lower volume, and significant increases in aluminum prices, which rose 13% from Q2 to Q3 and over 50% year-over-year.
- Apogee reported Q3 FY26 net sales of $348.6 million, a 2.1% year-over-year increase, primarily driven by inorganic contributions from the UW Solutions acquisition and Performance Surfaces segment growth, while adjusted diluted EPS decreased by 14.3% to $1.02.
- The company updated its full-year FY26 outlook, revising net sales to ~$1.39 billion and adjusted diluted EPS to $3.40 - $3.50, attributing the changes to a highly competitive pricing market and aluminum cost inflation.
- Project Fortify Phase 2 annualized pre-tax cost savings were expanded to between $25 million to $26 million, and tariffs are estimated to reduce full-year adjusted diluted EPS by $0.30.
- Apogee generated $48.3 million in free cash flow for the nine months ended November 29, 2025, and reduced total debt to $255.0 million as of November 29, 2025.
- Apogee Enterprises reported Q3 2026 net sales of $348.6 million, an increase of 2.1%, and adjusted diluted EPS of $1.02.
- The company updated its fiscal 2026 guidance, now expecting net sales to be approximately $1.39 billion and adjusted diluted EPS in the range of $3.40-$3.50, which includes a $0.30 EPS impact from tariffs.
- Matt Osberg has left the company as CFO, and Mark Augdahl has been appointed Interim Chief Financial Officer.
- Apogee faces continued challenges from aluminum prices, which rose approximately 13% from Q2 to Q3 2026 and are up over 50% compared to Q3 of the prior year, impacting its Metals segment.
- The scope of Project Fortify Phase Two has been expanded, with expected pre-tax charges of approximately $28-$29 million and estimated annual pre-tax cost savings of approximately $25-$26 million, with about $10 million of that benefit to be realized in fiscal 2027. The company also noted a robust M&A pipeline.
- Apogee Enterprises announced a CFO change, with Matt Osberg leaving and Mark Augdahl stepping in as interim CFO.
- For Q3 2026, net sales increased 2.1% to $348.6 million, adjusted diluted EPS was $1.02, and adjusted EBITDA margin decreased slightly to 13.2%.
- The company updated its fiscal 2026 outlook, now expecting net sales of approximately $1.39 billion and adjusted diluted EPS in the range of $3.40-$3.50, which includes an estimated $0.30 EPS impact from tariffs.
- Apogee expanded Project Fortify Phase Two, anticipating approximately $28-$29 million in pre-tax charges and estimated annual pre-tax cost savings of $25-$26 million, with $10 million of that benefit expected in fiscal 2027.
- The UW Solutions acquisition is on track to deliver $100 million in net sales and approximately 20% adjusted EBITDA margin for fiscal 2026.
- Apogee Enterprises reported Q3 Fiscal 2026 net sales of $348.6 million, representing a 2.1% increase year-over-year, with adjusted diluted earnings per share of $1.02.
- The increase in net sales was primarily driven by an $18.4 million inorganic sales contribution from the UW Solutions acquisition.
- For the quarter, the company's gross margin decreased to 23.8%, operating income declined to $24.9 million, and net earnings decreased 21.2% to $16.549 million.
- The company updated its fiscal 2026 outlook for net sales and adjusted diluted earnings per share.
- CEO transition costs were incurred during the third quarter of fiscal 2026.
- Apogee Enterprises reported Q3 fiscal 2026 net sales increased 2.1% to $348.6 million, primarily due to inorganic sales from an acquisition, while organic sales declined, and adjusted diluted EPS was $1.02.
- The company's adjusted EBITDA margin fell to 13.2%, impacted by higher material and health-insurance costs, and increased amortization and interest tied to the acquisition.
- Matt Osberg stepped down as CFO, with Mark Augdahl appointed as interim CFO.
- Management reiterated its fiscal 2026 guidance for net sales of approximately $1.39 billion and adjusted EPS of $3.40–$3.50, despite shares dropping 10%–13% after the earnings release.
- Apogee Enterprises reported net sales of $348.6 million for the third quarter of fiscal 2026, an increase of 2.1% compared to the prior-year period, with diluted earnings per share of $0.77 and adjusted diluted earnings per share of $1.02.
- The company's net earnings decreased 21.2% and diluted earnings per share decreased 19.8% compared to the third quarter of fiscal 2025.
- The increase in net sales was primarily driven by $18.4 million of inorganic sales from the acquisition of UW Solutions.
- Apogee expanded the scope of Project Fortify Phase 2, now expecting $28 million to $29 million in pre-tax charges and $25 million to $26 million in estimated annualized pre-tax cost savings.
- The company updated its fiscal 2026 outlook, projecting net sales of approximately $1.39 billion and adjusted diluted earnings per share in the range of $3.40 to $3.50.
- Apogee Enterprises, Inc. announced a CEO transition effective October 31, 2025, with Ty R. Silberhorn departing from his role as Chief Executive Officer and Board member, and Donald A. Nolan appointed as the new Chief Executive Officer and Executive Chair of the Board.
- Donald A. Nolan's compensation package includes an annualized base salary of $925,000.00, a one-time travel allowance of $100,000, a target short-term incentive bonus of 100% of his base salary, and a restricted stock award valued at $1,750,000.00.
- Ty R. Silberhorn's separation agreement provides a $932,000.00 salary continuation, accelerated vesting of 78,376 shares of restricted stock, a $466,000.00 payment for his fiscal 2026 target incentive, and a performance award of 16,867 shares and $742,500.00 cash.
- The company reaffirmed its fiscal 2026 outlook for net sales of $1.39 billion to $1.42 billion and adjusted diluted EPS of $3.60 to $3.90.
- APOG reported Q2 FY26 net sales of $358.2 million, a 4.6% year-over-year increase, primarily driven by inorganic and organic growth in Performance Surfaces, including a $24.9 million contribution from the UW Solutions acquisition.
- Adjusted EBITDA decreased by 16.4% year-over-year to $44.4 million, with the Adjusted EBITDA margin falling to 12.4% from 15.5% in Q2 FY25, mainly due to lower price and volume, unfavorable mix, and higher material, tariff, and health insurance costs.
- Adjusted diluted EPS for Q2 FY26 was $0.98, a 31.9% decrease from $1.44 in Q2 FY25, primarily attributed to lower adjusted EBITDA and higher interest expense.
- The company updated its full-year FY26 outlook, revising net sales to a range of $1.39 billion to $1.42 billion (previously $1.40 billion to $1.44 billion) and adjusted diluted EPS to $3.60 to $3.90 (previously $3.80 to $4.20).
- These updates reflect a highly competitive pricing market, aluminum cost inflation, and elevated health insurance costs, with tariffs estimated to reduce full-year adjusted diluted EPS by $0.35 to $0.45.
Quarterly earnings call transcripts for APOGEE ENTERPRISES.
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