Quarterly ResultJun 26, 2026, 09:11 AM
Apogee Q1 Net Sales $342.7M; Diluted EPS $0.54; Kalwall on Track
AI Summary
Apogee Enterprises reported first-quarter fiscal 2027 net sales of $342.7 million, a 1.1% decrease year-over-year. Diluted EPS significantly improved to $0.54 from a loss of $0.13 in the prior year, while adjusted diluted EPS increased slightly to $0.57. The company's operating income saw a substantial rise to $18.8 million, and the pending Kalwall acquisition remains on track for an early July closing, supporting strategic expansion.
Key Highlights
- Diluted EPS was $0.54, a 515.4% increase from a loss of $0.13 YoY.
- Net sales decreased 1.1% to $342.7 million compared to prior year.
- Adjusted diluted EPS increased 1.8% to $0.57.
- Operating income rose 171.8% to $18.8 million, with operating margin at 5.5%.
- Pending Kalwall acquisition is on track for an early July close.
- Company reaffirmed its fiscal 2027 guidance.
- Returned $15.3 million to shareholders through buybacks and dividends.
- Architectural Services net sales increased 8.2% to $115.2 million.
Price Impact
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