Apogee Enterprises' stock tumbled 5.79% in pre-market trading on Tuesday, despite reporting better-than-expected fiscal third-quarter 2025 earnings and sales. The plunge came after the architectural products company lowered its full-year guidance, citing continued soft demand in its end markets impacting results.
For the fiscal Q3 ended November 30, Apogee reported adjusted earnings of $1.19 per diluted share, down from $1.23 a year earlier but topping analyst estimates of $1.10. Net sales rose to $341.3 million from $339.7 million, exceeding expectations of $332.3 million. However, the company now expects full-year 2025 adjusted earnings per share to come in at the bottom of its $4.90 to $5.20 guidance range, on a net sales decline of about 5%.
CEO Ty R. Silberhorn acknowledged the pressure from soft demand in Apogee's end markets, noting this is impacting results in the near term despite efforts focused on long-term growth. Analysts view the lowered outlook as reflecting ongoing challenges in the architectural products industry.