Apogee Enterprises Inc.: Beat — EPS $1.17, Revenue $391.14M
Earnings BeatQ2 2027 · Pre-market
@trystockwhiz
Did Apogee Enterprises Inc. (APOG) beat earnings today?
Yes, Apogee Enterprises Inc. (APOG) beat Wall Street analyst expectations for Q2 2027, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+82.81% surprise
$1.17Actual
Expected: $0.64
vs. year ago +19.4%
Total Revenue+11.30% surprise
$391.14MActual
Expected: $351.41M
vs. year ago +9.2%
Released Oct 06 · 6:30 AM ET
Earning Report
| Metric | Q2 FY2027 | Q2 FY2026 | YoY Change % |
|---|---|---|---|
| Net sales | $391.13M | $358.19M | +9.2% |
| └─Architectural Metals | $143.52M | $140.94M | +1.8% |
| └─Architectural Services | $108.46M | $100.49M | +7.9% |
| └─Architectural Glass | $87.42M | $72.18M | +21.1% |
| └─Performance Surfaces | $55.26M | $48.39M | +14.2% |
| └─Intersegment eliminations | ($3.53M) | ($3.80M) | -7.2% |
| Basic EPS | $1.08 | $1.10 | -1.8% |
| Diluted EPS | $1.07 | $1.10 | -2.7% |
| Adjusted diluted EPS | $1.17 | $0.98 | +19.4% |
| Net earnings | $22.38M | $23.65M | -5.4% |
Financial Outlook / Guidance
| Metric | Next Quarter Outlook | FY2027 Outlook |
|---|---|---|
| Net sales | — | $1.46B-$1.50B (prev. $1.38B-$1.43B) |
| Adjusted diluted EPS | — | $3.00-$3.40 (prev. $2.70-$3.25) |
| Interest expense | — | ~$15M |
| Capital expenditures | — | $35M-$40M |
Business Highlights
- ➤Advanced strategic priorities through acquisitions of Kalwall and Groglass.
- ➤Completed the Kalwall acquisition on July 1, 2026.
- ➤Early performance at Kalwall has been encouraging.
- ➤Planned Groglass addition broadens differentiated capabilities and exposure to attractive end markets.
- ➤Continued Project Fortify Phase 2 productivity and cost-saving initiatives.
- ➤Architectural Services segment backlog ended the quarter at $833.0M.
- ➤Returned $27.3M to shareholders through repurchases and dividends.
- ➤Repurchased $16.1M of common stock and paid $11.2M in dividends.
- ➤Portfolio includes architectural glass, windows, curtainwall, storefront, entrances, and high-performance coatings.
Management Commentary
Don Nolan, Executive Chair and Chief Executive Officer
“We are pleased with the second-quarter results which exceeded our expectations, driven by strong execution across the business. The benefits of disciplined pricing, productivity initiatives, and ongoing operational improvements helped offset a mixed demand environment. The momentum we established in the first half of the year, combined with our confidence in the business, supports our decision to raise full-year guidance. We also advanced our strategic priorities through the acquisitions of Kalwall and Groglass. Early performance at Kalwall has been encouraging, and we believe the addition of Groglass will further strengthen our portfolio through differentiated capabilities and increased exposure to attractive end markets that support long-term value creation.”