Apogee Enterprises Reports Fiscal 2027 First Quarter Results
Apogee reported Q1 net sales of $342.7 million, down 1.1% year-over-year, while diluted EPS swung to a profit of $0.54 compared to a prior-year loss. Operating income surged 172% to $18.8 million with operating margin expanding 350 basis points to 5.5%, driven by pricing actions and cost savings from Project Fortify 2. The company reaffirmed fiscal 2027 guidance for net sales of $1.38B-$1.43B and adjusted EPS of $2.70-$3.25, with the Kalwall acquisition on track to close in early July.
Key figures
- Eps
- 0.54
- Revenue
- 342684000
- Guidance
- Fiscal 2027 net sales $1.38B-$1.43B and adjusted diluted EPS $2.70-$3.25 (excluding Kalwall); Pro forma net sales $1.43B-$1.48B (including Kalwall)
- Revenue Yoy
- -1.1%
- Adjusted eps
- 0.57
- Dividends paid
- 5600000
- Adjusted ebitda
- 32115000
- Operating income
- 18839000
- Operating margin
- 5.5%
- Share repurchases
- 9700000
AI analysis
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