Apogee Enterprises, Inc. (NASDAQ: APOG) announced today its fiscal 2026 second‑quarter results, ending August 30 2025. The company reported net sales of $358.194 million, up 4.6 % from $342.440 million a year earlier, and net earnings of $23.649 million, a 22.6 % decline from $30.566 million in the prior year period. Diluted earnings per share were $1.10, down 21.4 % from $1.40 a year ago, while adjusted EBITDA reached $44.368 million, a 16.5 % decrease from $53.122 million in the same quarter last year.
The earnings release highlighted segment‑level performance: Architectural Metals generated $140.9 million in net sales with an adjusted EBITDA of $20.8 million (14.8 % margin); Architectural Services produced $100.5 million in sales and $5.0 million in adjusted EBITDA (5.0 % margin); Architectural Glass posted $72.2 million in sales and $11.6 million in adjusted EBITDA (16.1 % margin); and Performance Surfaces delivered $48.4 million in sales and $11.2 million in adjusted EBITDA (23.2 % margin). The Performance Surfaces segment benefited from $24.9 million of inorganic sales from the UW Solutions acquisition and 18.6 % organic growth.
Apogee also updated its fiscal 2026 outlook, now projecting net sales of $1.39 billion to $1.42 billion, diluted EPS of $2.79 to $3.19, and adjusted diluted EPS of $3.60 to $3.90. The company reiterated its expectation of a $0.35 to $0.45 unfavorable EPS impact from tariffs and maintained a capital expenditure range of $35 million to $40 million. In addition, the company reported $0.26 per share in cash dividends, a 4 % increase from the prior quarter, and noted that it incurred $3.1 million in pre‑tax costs related to Project Fortify Phase 2, with expected annualized pre‑tax savings of $13 million to $15 million.
The release also provided cash flow details, noting net cash provided by operating activities of $57.1 million versus $58.7 million a year earlier, and a reduction in long‑term debt to $270 million, lowering the consolidated leverage ratio to 1.5×. These figures, combined with the updated guidance, represent a material corporate event that is newly announced and directly impacts investors’ assessment of Apogee’s financial performance and outlook.
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