Apogee Enterprises reports Q1 adjusted EPS 56c, consensus 45c

Reports Q1 revenue $346.62M, consensus $326.08M. Ty Silberhorn, Apogee’s CEO, stated: “We are pleased to deliver results ahead of our expectations in the first quarter amid challenging market conditions and year-over-year headwinds. We are also raising our fiscal year outlook for net sales and adjusted diluted EPS as we build momentum for what we expect will be a stronger second half of the year.” Silberhorn continued, “Although tariffs adversely impacted our first quarter results, we continue to execute our mitigation plans and barring any material change to tariff policies, we expect to be able to substantially mitigate the impact of tariffs on the second half of the fiscal year.”