Shares of Apogee Enterprises jumped after the company more than doubled its operating income despite a small decline in sales and swung to a quarterly profit.
The stock was up 12% at $47.60 in premarket trading. Shares had gained 17% year-to-date when the market closed Thursday.
The maker of architectural-building products and services said before the opening bell that sales slid 1.1% to $342.7 million in the fiscal first quarter that ended May 30.
Despite that, operating income shot up to $18.8 million from $6.9 million a year earlier. The company's operating margin increased to 5.5% from just 2%.
The company swung to net earnings of $11.5 million, or 54 cents a share, from a loss of $2.7 million, or 13 cents a share, in the same quarter a year earlier.
The bottom line improvement was driven by efforts to save on costs that slashed sales, general and administrative expenses.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
June 26, 2026 08:14 ET (12:14 GMT)
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