Apogee Enterprises provides update on Project Fortify

As previously announced, in the first quarter of fiscal 2026, the company began the second phase of Project Fortify to drive further cost efficiencies, primarily in the Architectural Services and Architectural Metals Segments. Phase 2 will further optimize the manufacturing footprint and align resources to enable a more effective operating model. The company continues to expect the actions of Phase 2 to incur a total of approximately $24M-$26M in pre-tax charges, and deliver estimated annualized pre-tax cost savings of approximately $13M-$15M. During the first quarter, the company incurred $15.3M of pre-tax costs associated with Phase 2. The company expects the actions associated with Phase 2 to be substantially completed by the end of the fourth quarter of fiscal 2026.