Apogee Enterprises (NASDAQ:APOG) Releases Quarterly Earnings Results, Beats Estimates By $0.14 EPS

Apogee Enterprises (NASDAQ:APOG) issued its earnings results on Friday. The industrial products company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.14, Zacks reports. Apogee Enterprises had a return on equity of 14.89% and a net margin of 3.85%.The business had revenue of $342.68 million during the quarter, compared to analysts’ expectations of $333.84 million. During the same quarter in the previous year, the business earned ($0.13) EPS. The company’s revenue for the quarter 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 Trading Up 15.2%

Shares of APOG opened at $48.92 on Friday. The company has a market capitalization of $1.04 billion, a P/E ratio of 15.34, a P/E/G ratio of 1.42 and a beta of 1.18. Apogee Enterprises has a one year low of $30.75 and a one year high of $50.88. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.28 and a current ratio of 1.65. The stock has a 50-day moving average price of $37.63 and a 200 day moving average price of $37.28.

Apogee Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 29th. Investors of record on Tuesday, July 14th will be paid a $0.27 dividend. The ex-dividend date is Tuesday, July 14th. This represents a $1.08 annualized dividend and a dividend yield of 2.2%. Apogee Enterprises’s payout ratio is 33.86%.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Apogee Enterprises

Several hedge funds and other institutional investors have recently bought and sold shares of APOG. Jain Global LLC bought a new stake in Apogee Enterprises in the fourth quarter valued at $277,000. Entropy Technologies LP bought a new position in shares of Apogee Enterprises during the third quarter worth about $257,000. Man Group plc grew its position in shares of Apogee Enterprises by 7.1% during the second quarter. Man Group plc now owns 6,267 shares of the industrial products company’s stock worth $254,000 after acquiring an additional 418 shares during the last quarter. EntryPoint Capital LLC increased its holdings in shares of Apogee Enterprises by 50.5% in the 4th quarter. EntryPoint Capital LLC now owns 6,940 shares of the industrial products company’s stock worth $253,000 after acquiring an additional 2,330 shares during the period. Finally, LPL Financial LLC bought a new stake in Apogee Enterprises in the 4th quarter valued at about $238,000. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Apogee Enterprises News Roundup

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

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.