The earnings call highlighted significant achievements such as the acquisition of UW Solutions and strong performance in the Services segment. However, these were counterbalanced by challenges in the glass and framing segments, pressured margins, and a cautious outlook for the nonresidential construction market. The company remains proactive in capital management and M&A activities.

Company Guidance

During the Q3 2025 earnings call for Apogee Enterprises, the company provided guidance highlighting various metrics and expectations for the fiscal year. Apogee expects net sales to decline by approximately 5%, with the UW Solutions acquisition contributing around $30 million in incremental net sales. The adjusted operating margin for the year is projected to be approximately 11%, despite a decline in sales volume in the framing and glass segments. Adjusted diluted EPS is anticipated to be at the bottom of the $4.90 to $5.20 range, with a full-year adjusted operating margin for framing, services, and LSO within their respective target ranges. The company continues to focus on strong cash flow management, having generated $31 million in cash from operations in the quarter, and aims to pay down debt to strengthen its financial position further. Looking ahead to fiscal 2026, the company plans to leverage the UW Solutions acquisition, targeting approximately $100 million in net sales at a 20% adjusted EBITDA margin, and sees an opportunity for organic growth in the LSO segment.

Acquisition of UW Solutions

Closed the acquisition of UW Solutions, showing early positive integration progress. This acquisition is expected to contribute $100 million in net sales at an adjusted EBITDA margin of approximately 20% in FY '26.

Strong Services Segment Performance

Services delivered its third straight quarter of double-digit net sales growth, with net sales growing 11% and adjusted operating margin improving to 8.6%.

Healthy Backlog

Services backlog ended the quarter at $742 million, providing nearly 2 years of sales in backlog, despite a 4% decrease from last year.

Continued Focus on M&A Pipeline

The company remains focused on cultivating its M&A pipeline to add differentiated products that align with its strategy and enhance its financial profile.

Proactive Capital Management

Executed a $250 million delayed draw term loan to fund the acquisition of UW Solutions while maintaining a leverage ratio of 1.3x. Plans to continue paying down debt and have significant capacity available on the credit facility.

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Apogee (APOG) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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APOG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Sep 18, 2018	2019 (Q2)	- / 0.75	0.75	0.00% (0.00)	―	―
Dec 20, 2018	2019 (Q3)	- / 0.80	0.9	-11.11% (-0.10)	―	―
Apr 11, 2019	2019 (Q4)	- / 0.85	0.96	-11.46% (-0.11)	―	―
Jun 27, 2019	2020 (Q1)	- / 0.58	0.62	-6.45% (-0.04)	―	―
Sep 17, 2019	2020 (Q2)	- / 0.72	0.75	-4.00% (-0.03)	―	―
Dec 19, 2019	2020 (Q3)	- / 0.57	0.8	-28.75% (-0.23)	―	―
Apr 02, 2020	2020 (Q4)	- / 0.51	0.85	-40.00% (-0.34)	―	―
Jun 26, 2020	2021 (Q1)	- / 0.15	0.58	-74.14% (-0.43)	―	―
Sep 17, 2020	2021 (Q2)	- / 0.73	0.72	1.39% (+0.01)	―	―
Dec 18, 2020	2021 (Q3)	- / 0.90	0.57	57.89% (+0.33)	―	―

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

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APOG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jan 07, 2025	$71.13	$57.60	-19.02%
Oct 04, 2024	$68.21	$83.66	+22.65%
Jun 27, 2024	$58.81	$63.58	+8.11%
Apr 18, 2024	$55.30	$59.17	+7.00%

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.

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