The earnings call reflected a mixed sentiment. While there were positive developments such as exceeding first quarter expectations, raising fiscal year outlook, successful tariff mitigation, and strong balance sheet management, these were counterbalanced by challenges like decreased sales in key segments, increased costs due to tariffs, and lower adjusted EBITDA margins. The sentiment is indicative of ongoing efforts to overcome market challenges while positioning for future growth.

Company Guidance

In the Q1 2026 earnings call for Apogee Enterprises, the company reported revenues exceeding expectations, driven by significant net sales growth in the Glass and Services segments. The company raised its fiscal year outlook for net sales, now projected between $1.40 billion to $1.44 billion, and adjusted diluted EPS, expected to range from $3.80 to $4.20. Despite challenges from increased tariffs, which had an EPS impact of $0.35 to $0.45, Apogee implemented mitigation plans and anticipates improved results in the second half of the fiscal year. Aggressive actions under Project Fortify Phase 2 are expected to yield $13 million to $15 million in annualized savings. The Metals segment showed sequential improvement, and the Performance Surfaces segment, bolstered by the UW Solutions acquisition, is expected to deliver strong growth. Apogee remains focused on sustaining progress in executing its enterprise strategy, with a strong balance sheet supporting future strategic M&A opportunities.

Stronger Than Expected First Quarter Results

First quarter results exceeded expectations with stronger-than-expected revenues led by Glass and Services, as well as significant net sales growth for Services for the fifth consecutive quarter.

Raised Fiscal Year 2026 Outlook

Apogee raised its fiscal year outlook for both revenue and earnings, reflecting positive momentum in Metals, Glass, and Performance Surfaces.

Project Fortify Phase 2 and Cost Savings

Aggressive actions under Phase 2 of Project Fortify are expected to drive $13 million to $15 million in annualized savings.

Strong Balance Sheet Position

Apogee reported a strong balance sheet with a consolidated leverage ratio of 1.6 and no near-term debt maturities, allowing significant capital for future deployment.

Successful Tariff Mitigation Efforts

The team has been successful in mitigating the impact of tariffs, which is expected to positively affect the second half of the fiscal year.

Apogee (APOG) Earnings, Revenues Date & History

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APOG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Sep 23, 2025	2026 (Q2)	0.84 / -	1.44	―	―	―
Jun 27, 2025	2026 (Q1)	0.47 / 0.56	1.44	-61.11% (-0.88)
Apr 24, 2025	2025 (Q4)	0.88 / 0.89	1.14	-21.93% (-0.25)
Jan 07, 2025	2025 (Q3)	1.10 / 1.19	1.23	-3.25% (-0.04)
Oct 04, 2024	2025 (Q2)	1.23 / 1.44	1.36	5.88% (+0.08)
Jun 27, 2024	2025 (Q1)	1.04 / 1.44	1.05	37.14% (+0.39)
Apr 18, 2024	2024 (Q4)	1.01 / 1.14	0.86	32.56% (+0.28)
Dec 21, 2023	2024 (Q3)	1.10 / 1.23	1.07	14.95% (+0.16)
Sep 19, 2023	2024 (Q2)	1.12 / 1.36	1.06	28.30% (+0.30)
Jun 23, 2023	2024 (Q1)	0.90 / 1.05	1	5.00% (+0.05)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

APOG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jun 27, 2025	$39.42	$41.73	+5.86%
Apr 24, 2025	$45.36	$39.59	-12.72%
Jan 07, 2025	$69.91	$56.61	-19.02%
Oct 04, 2024	$67.04	$82.23	+22.66%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.