Apogee Enterprises tops Q4 sales, profit estimates

Apogee Enterprises

24/04/2026 11:39

Overview

US architectural products maker's fiscal Q4 net sales rose 1.6%, beating analyst expectations

Adjusted diluted EPS beat analysts' consensus

Sales growth driven by favorable price and mix, partially offset by lower volume

Outlook

Apogee Enterprises expects fiscal 2027 net sales between $1.38 bln and $1.43 bln

Company sees fiscal 2027 adjusted diluted EPS in the range of $2.70 to $3.25

Apogee expects capital expenditures of $35 mln to $40 mln for fiscal 2027

Result Drivers

PRICE AND MIX - Co said Q4 sales growth was driven by favorable price and mix, partially offset by lower volume

PRODUCTIVITY IMPROVEMENTS - Co attributed the 80 bps jump in gross margin to productivity improvements, cost savings from Project Fortify 2, and lower risk-related insurance expenses

COST MANAGEMENT - Lower incentive compensation and cost savings from Fortify Phase 2 supported adjusted EBITDA margin, partially offset by higher aluminum and health insurance costs

Company press release: ID:nBw9LR3bya

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
Beat
$351.35 mln
$335.82 mln (3 Analysts)
Q4 Adjusted EPS
Beat
$0.92
$0.88 (3 Analysts)
Q4 EPS
$0.78
Q4 Net Income
$16.62 mln


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the construction supplies & fixtures peer group is "buy."

Wall Street's median 12-month price target for Apogee Enterprises Inc is $40.00, about 12.4% above its April 23 closing price of $35.59

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 9 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)