Overview

* Apogee Enterprises Inc ( APOG ) Q2 net sales rise 4.6% to $358 mln, beating analyst expectations

* Adjusted EPS for Q2 beats analyst expectations at $0.98

* Company's Q2 adjusted EBITDA margin fell due to lower prices and unfavorable mix

Outlook

* Company expects fiscal 2026 net sales of $1.39 bln to $1.42 bln

* Apogee forecasts fiscal 2026 diluted EPS of $2.79 to $3.19

* Company projects fiscal 2026 adjusted diluted EPS of $3.60 to $3.90

Result Drivers

* INORGANIC GROWTH - Acquisition of UW Solutions contributed $24.9 mln to net sales, boosting Performance Surfaces segment

* HIGHER COSTS - Gross margin decreased due to higher material, tariff, and health insurance costs, partially offset by lower incentive compensation expense

* ARCHITECTURAL SERVICES - Increased volume in Architectural Services drove segment sales growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Sales Beat $358.19 $351.70

mln mln (4

Analysts

)

Q2 Beat $0.98 $0.84 (4

Adjusted Analysts

EPS )

Q2 EPS $1.10

Q2 Net $23.64

Income mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "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 ( APOG ) is $51.75, about 16.3% above its October 8 closing price of $43.32

Press Release:

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(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.)