Quarterly ResultJun 30, 2026, 03:11 PM
Apogee Enterprises Q1 Net Earnings $11.5M; EPS $0.54
AI Summary
Apogee Enterprises reported a significant turnaround in its first-quarter fiscal 2027 results, with net earnings reaching $11.5 million, or $0.54 per diluted share, compared to a net loss of $2.7 million, or $(0.13) per diluted share, in the prior year. This improvement was driven by a substantial increase in operating income to $18.8 million, despite a slight decrease in net sales to $342.7 million. The company also generated $7.4 million in cash from operations and repurchased $9.7 million of common stock.
Key Highlights
- Net earnings were $11.5 million ($0.54 diluted EPS) for Q1 2027, up from a net loss of $2.7 million ($(0.13) diluted EPS) in Q1 2026.
- Net sales for the quarter decreased slightly to $342.7 million from $346.6 million in the prior year.
- Operating income significantly increased to $18.8 million, compared to $6.9 million in the same period last year.
- Net cash provided by operating activities improved to $7.4 million, reversing a $19.8 million outflow in the prior year.
- The company repurchased $9.7 million of common stock and paid $5.6 million in dividends ($0.27 per share).
- Architectural Metals segment reported adjusted EBITDA of $13.7 million, up from $9.4 million year-over-year.
- Architectural Services segment adjusted EBITDA was $6.1 million, a slight increase from $6.1 million in the prior year.
- Architectural Glass segment adjusted EBITDA decreased to $5.9 million from $13.4 million year-over-year.
Price Impact
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