Refile: Apogee Q1 revenue, adjusted EPS beat estimates

Apogee Enterprises

26/06/2026 11:40

Corrects typographical error in headline

Overview
US architectural products maker's fiscal Q1 revenue fell 1% but beat analyst expectations
Adjusted diluted EPS for fiscal Q1 rose slightly and beat analyst expectations
Company reaffirmed fiscal 2027 guidance and expects Kalwall acquisition to close in July

Outlook
Apogee reaffirms fiscal 2027 net sales guidance of $1.38 bln to $1.43 bln, excluding Kalwall
Company maintains fiscal 2027 adjusted diluted EPS outlook of $2.70 to $3.25
If Kalwall acquisition closes, net sales guidance rises to $1.43 bln to $1.48 bln

Result Drivers
LOWER VOLUME, HIGHER COSTS - Company said overall net sales declined due to lower volume, with higher material and freight costs impacting margins
COST SAVINGS - SG&A expenses as a percentage of net sales fell, mainly due to cost savings from Fortify Phase 2
FAVORABLE PRICING AND MIX - Company said favorable pricing and product mix partially offset lower volume in several segments

Company press release: ID:nBwbzJVz4a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$342.68 mln
$333.84 mln (3 Analysts)
Q1 Adjusted EPS
Beat
$0.57
$0.45 (3 Analysts)
Q1 EPS
 
$0.54
 
Q1 Net Income
 
$11.54 mln
 

Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "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 $41.00, about 3.5% below its June 25 closing price of $42.48
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 12 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.)