Overview
Apogee Enterprises Inc Q2 net sales rise 4.6% to $358 mln, beating analyst expectations
Adjusted EPS for Q2 beats analyst expectations at $0.98
Company's Q2 adjusted EBITDA margin fell due to lower prices and unfavorable mix
Outlook
Company expects fiscal 2026 net sales of $1.39 bln to $1.42 bln
Apogee forecasts fiscal 2026 diluted EPS of $2.79 to $3.19
Company projects fiscal 2026 adjusted diluted EPS of $3.60 to $3.90
Result Drivers
INORGANIC GROWTH - Acquisition of UW Solutions contributed $24.9 mln to net sales, boosting Performance Surfaces segment
HIGHER COSTS - Gross margin decreased due to higher material, tariff, and health insurance costs, partially offset by lower incentive compensation expense
ARCHITECTURAL SERVICES - Increased volume in Architectural Services drove segment sales growth
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales | Beat | $358.19 mln | $351.70 mln (4 Analysts) |
Q2 Adjusted EPS | Beat | $0.98 | $0.84 (4 Analysts) |
Q2 EPS | $1.10 | ||
Q2 Net Income | $23.64 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the construction supplies & fixtures peer group is "buy"
Wall Street's median 12-month price target for Apogee Enterprises Inc is $51.75, about 16.3% above its October 8 closing price of $43.32
Press Release: ID:nBw6zxT3Ma
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)