Apogee Enterprises (NASDAQ:APOG) Announces Earnings Results, Beats Expectations By $0.14 EPS

Apogee Enterprises (NASDAQ:APOG) announced its quarterly earnings results on Friday. The industrial products company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.14, Zacks reports. Apogee Enterprises had a net margin of 3.85% and a return on equity of 14.89%. The firm had revenue of $342.68 million during the quarter, compared to analysts’ expectations of $333.84 million. During the same period in the prior year, the company earned ($0.13) EPS. The firm’s revenue was down 1.1% on a year-over-year basis. Apogee Enterprises updated its FY 2027 guidance to 2.700-3.250 EPS.

Here are the key takeaways from Apogee Enterprises’ conference call:

• Apogee reported Q1 revenue of $343 million and adjusted diluted EPS of $0.57, with management saying profit came in ahead of internal expectations despite a difficult cost environment.
• Architectural Services continued to outperform, delivering its ninth consecutive quarter of top-line growth, while backlog rose to $735 million, up 8% year over year and 6% sequentially.
• Architectural Glass remained under pressure from softer new-construction demand and lower premium product demand, with sales down 7.6% and margin declining as pricing and volume weakened.
• The company said pricing actions, surcharges, cost savings from Fortify Phase 2, and productivity gains helped offset rising aluminum, material, and freight costs, and that these pricing steps should benefit results later in the year.
• Apogee highlighted the Kalwall acquisition as a strategic, accretive deal that expands its specification-driven daylighting business; management expects about $85 million of revenue, roughly 15% adjusted EBITDA margin initially, and about $4 million of synergies by fiscal 2029.

Apogee Enterprises Price Performance

NASDAQ:APOG opened at $48.92 on Friday. The firm has a market cap of $1.04 billion, a PE ratio of 19.41, a price-to-earnings-growth ratio of 1.23 and a beta of 1.18. The company’s 50-day moving average price is $37.63 and its two-hundred day moving average price is $37.28. The company has a quick ratio of 1.28, a current ratio of 1.65 and a debt-to-equity ratio of 0.45. Apogee Enterprises has a 12 month low of $30.75 and a 12 month high of $50.88.

Apogee Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 29th. Investors of record on Tuesday, July 14th will be given a dividend of $0.27 per share. The ex-dividend date is Tuesday, July 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.2%. Apogee Enterprises’s dividend payout ratio (DPR) is 42.86%.

Trending Headlines about Apogee Enterprises

Here are the key news stories impacting Apogee Enterprises this week:

• Positive Sentiment: Apogee posted adjusted EPS of $0.57, well above the $0.43 consensus estimate, while revenue of $342.68 million also topped forecasts. Apogee Enterprises Reports Fiscal 2027 First Quarter Results
• Positive Sentiment: The company swung to profitability versus a loss in the same quarter last year, signaling improved operating performance. Apogee Enterprises Stock Jumps on Swing to 1Q Profit
• Positive Sentiment: Apogee raised its FY2027 outlook, guiding EPS to $2.70-$3.25 and revenue to roughly $1.38 billion-$1.43 billion, which supports the view that momentum may continue. Apogee outlines FY2027 sales of $1.38B-$1.43B while adding Kalwall at ~$85M revenue run-rate
• Neutral Sentiment: The board also declared a quarterly cash dividend of $0.27 per share, reinforcing shareholder returns but not likely the main driver of the stock move. Apogee Enterprises Declares Quarterly Cash Dividend
• Neutral Sentiment: Revenue was still down 1.1% year over year, so investors may be watching for stronger top-line growth in coming quarters. Apogee Enterprises (APOG) Beats Q1 Earnings and Revenue Estimates

Institutional Trading of Apogee Enterprises

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. bought a new position in shares of Apogee Enterprises in the second quarter valued at about $38,000. BNP Paribas Financial Markets lifted its position in shares of Apogee Enterprises by 45.9% during the second quarter. BNP Paribas Financial Markets now owns 2,174 shares of the industrial products company’s stock worth $88,000 after purchasing an additional 684 shares in the last quarter. Tower Research Capital LLC TRC raised its position in Apogee Enterprises by 396.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,569 shares of the industrial products company’s stock worth $145,000 after purchasing an additional 2,850 shares during the last quarter. Quadrature Capital Ltd bought a new position in Apogee Enterprises in the 4th quarter valued at $206,000. Finally, Lazard Asset Management LLC increased its stake in shares of Apogee Enterprises by 11.5% in the 2nd quarter. Lazard Asset Management LLC now owns 5,212 shares of the industrial products company’s stock valued at $210,000 after buying an additional 537 shares during the period. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

APOG has been the topic of several analyst reports. Zacks Research raised shares of Apogee Enterprises from a “strong sell” rating to a “hold” rating in a research report on Friday, June 12th. Wall Street Zen upgraded Apogee Enterprises from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Apogee Enterprises in a research note on Monday, April 20th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $70.50.

About Apogee Enterprises

Apogee Enterprises, Inc is a diversified manufacturer and distributor of value-added architectural products and services. The company specializes in the design, fabrication and installation of high-performance glass, framing systems, curtain walls, skylights and other building envelope solutions. Its operations span three primary platforms—Architectural Framing Systems, Architectural Glass and Architectural Services—enabling Apogee to deliver complete, integrated façade systems for new construction, renovation and retrofit projects.

Headquartered in Minneapolis, Minnesota, Apogee traces its roots to the mid-20th century and today serves commercial, institutional and residential markets across North America and Europe.