APOGEE ENTERPRISES, INC.

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.

Apogee Enterprises, Inc. announced that Brent C. Jewell tendered his resignation as President of the Architectural Glass Segment, effective June 10, 2026. The company clarified that his departure is unrelated to a transaction announced on May 28, 2026, and was not due to any disagreements regarding company operations, policies, or practices. Mr. Jewell will continue to support transition and integration activities until his final day of employment.

Apogee Enterprises, Inc. has entered into a definitive agreement to acquire Kalwall Companies from the Keller family for up to $115 million. The transaction includes an initial cash payment of $105 million at closing and a potential earn-out of up to $10 million based on financial performance. This acquisition is expected to strengthen Apogee's Architectural Glass segment, contribute $85 million in revenue within the first year, and generate $4 million in operational cost synergies by fiscal 2029. The deal is anticipated to be accretive to Apogee's adjusted diluted EPS in the first year and is expected to close in the company's fiscal 2027 second quarter.

APOGEE ENTERPRISES, INC. (APOG) granted time-based restricted stock awards, performance share awards, and executive short-term incentive plan awards to its executive officers on April 22, 2026. The restricted stock awards vest over three years, fully by April 30, 2029. Performance awards are tied to cumulative adjusted diluted EPS and average adjusted return on invested capital over a three-year period (Feb 2026 - Mar 2029), with payouts from 0% to 200% of target. The short-term incentive plan for fiscal 2027 is based on net sales and adjusted EBITDA. All awards are subject to the company's clawback policy.

Apogee Enterprises, Inc.'s Executive Vice President and Chief Financial Officer, Mark R. Augdahl, certified the company's Annual Report on Form 10-K for the fiscal period ended February 28, 2026. The certification, made pursuant to the Sarbanes-Oxley Act of 2002, affirms that the report fully complies with the Securities Exchange Act of 1934 requirements. It also states that the financial information contained in the report fairly presents the company's financial condition and results of operations in all material respects.

Apogee Enterprises reported strong fiscal 2026 fourth-quarter results, with net sales increasing 1.6% to $351.4 million and adjusted diluted EPS rising to $0.92. For the full fiscal year, net sales grew 3.2% to $1.40 billion, and adjusted diluted EPS reached $3.47. The company exceeded its fourth-quarter expectations, driven by favorable price and mix, and improved gross and operating margins. Management highlighted active cost management, strong cash flow, and a resilient balance sheet, while also providing fiscal 2027 guidance and emphasizing prudent cost management for the new fiscal year.