Architectural products firm Apogee Q2 net sales beat estimates

Apogee Enterprises

09/10/2025 23:20

Overview

Apogee  Enterprises Inc Q2 net sales rise 4.6% to $358 mln, beating analyst expectations

Adjusted EPS for Q2 beats analyst expectations at $0.98

Company's Q2 adjusted EBITDA margin fell due to lower prices and unfavorable mix

Outlook

Company expects fiscal 2026 net sales of $1.39 bln to $1.42 bln

Apogee forecasts fiscal 2026 diluted EPS of $2.79 to $3.19

Company projects fiscal 2026 adjusted diluted EPS of $3.60 to $3.90

Result Drivers

INORGANIC GROWTH - Acquisition of UW Solutions contributed $24.9 mln to net sales, boosting Performance Surfaces segment

HIGHER COSTS - Gross margin decreased due to higher material, tariff, and health insurance costs, partially offset by lower incentive compensation expense

ARCHITECTURAL SERVICES - Increased volume in Architectural Services drove segment sales growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$358.19 mln
$351.70 mln (4 Analysts)
Q2 Adjusted EPS
Beat
$0.98
$0.84 (4 Analysts)
Q2 EPS
$1.10
Q2 Net Income
$23.64 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "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 $51.75, about 16.3% above its October 8 closing price of $43.32

Press Release: ID:nBw6zxT3Ma

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(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.)