Overview
Architectural products provider's fiscal Q3 net sales rose 2.1%, missing analyst expectations
Adjusted EPS for fiscal Q3 met analyst expectations
Company's sales growth driven by UW Solutions acquisition and favorable product mix
Appoints Mark Augdahl as interim CFO
Outlook
Apogee expects fiscal 2026 net sales of approximately $1.39 bln
Company projects fiscal 2026 adjusted diluted EPS between $3.40 and $3.50
Apogee anticipates fiscal 2026 diluted EPS between $2.49 and $2.65
Result Drivers
INORGANIC SALES - Net sales increase driven by $18.4 mln from UW Solutions acquisition and favorable product mix
HIGHER COSTS - Gross margin decreased due to lower volume, higher aluminum, restructuring, and health insurance costs
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales | Miss | $348.56 mln | $353.98 mln (4 Analysts) |
Q3 Adjusted EPS | Meet | $1.02 | $1.02 (4 Analysts) |
Q3 EPS | $0.77 | ||
Q3 Net Income | $16.55 mln |
Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "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 $48.00, about 28.7% above its January 6 closing price of $37.29
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 11 three months ago
Press Release: ID:nBw2jjkYWa
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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.)