The raised guidance reflects strong operational momentum and early success from the Kalwall acquisition. Monitor the Q3 earnings call for updates on Groglass integration and whether the Architectural Services backlog growth translates into sustained revenue acceleration.
Price Chart
Executive Summary
Apogee Enterprises reported strong fiscal Q2 2027 results, with net sales up 9.2% to $391.1 million and adjusted diluted EPS of $1.17, a 19.4% increase YoY. The company raised its full-year adjusted diluted EPS guidance to $3.00-$3.40 from $2.70-$3.25 and increased its net sales guidance to $1.46-$1.50 billion, driven by better-than-expected first-half performance and contributions from the Kalwall and Groglass acquisitions.
Key Financial Metrics
Key Facts
- Q2 net sales increased 9.2% to $391.1 million from $358.2 million YoY.
- Adjusted diluted EPS of $1.17, up 19.4% from $0.98 YoY, beating consensus of $0.80 by 46.2%.
- GAAP diluted EPS was $1.07, down 2.7% from $1.10 YoY due to acquisition-related costs.
- Gross margin expanded 150 bps to 24.6% from 23.1% YoY.
- Operating income increased 24.5% to $33.5 million; operating margin improved 110 bps to 8.6%.
- Adjusted EBITDA rose 11.7% to $49.5 million; adjusted EBITDA margin increased to 12.7% from 12.4%.
- Company raised fiscal 2027 adjusted diluted EPS guidance to $3.00-$3.40 (from $2.70-$3.25) and net sales guidance to $1.46-$1.50 billion (from $1.38-$1.43 billion).
- Architectural Services backlog grew to $833.0 million from $792.3 million at fiscal year-end.
- Long-term debt increased to $335.5 million; consolidated leverage ratio was 1.7x.
- Year-to-date operating cash flow improved to $43.3 million from $37.3 million YoY.
Financial Impact
Net sales +9.2% YoY; adjusted diluted EPS +19.4% YoY; guidance raised by ~$0.30-$0.40 at midpoint for EPS and ~$75M for revenue.
Risk Factors
- Higher material and manufacturing costs could pressure margins if not fully offset by pricing.
- Integration risks from the Kalwall and Groglass acquisitions may impact near-term profitability.
- Lower volume in certain segments (Architectural Metals, Architectural Glass organic) could persist in a mixed demand environment.
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000006845-26-000100 |
| Document: apog-20261006.htm | 0000006845-26-000100 |
| Document: 0000006845-26-000100-index-headers.html | 0000006845-26-000100 |
| Document: 0000006845-26-000100-index.html | 0000006845-26-000100 |
| Document: 0000006845-26-000100.txt | 0000006845-26-000100 |
| 8-K Data (Synthetic) | 0000006845-26-000100 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | 144 | $45.03 | awaiting T+20 | — | $45.03 (−0.00%) |
Oct 27, 2026 today | 144 | $45.09 | awaiting T+20 | — | $45.03 (−0.13%) |
Oct 27, 2026 today | 144 | $45.00 | awaiting T+20 | — | $45.03 (+0.07%) |
Oct 13, 2026 14d ago | 144 | $41.97 | awaiting T+20 | — | $45.03 (+7.29%) |
Oct 6, 2026 21d ago | 8-K | $39.74 | awaiting T+20 | — | $45.03 (+13.31%) |
Sep 23, 2026 4w ago | 8-K | $36.78 $43.68 | ▲ +18.76% | ▲ +18.07% | $45.03 (+22.43%) |
Aug 14, 2026 10w ago | Institutional Cluster | $42.18 $37.43 | ▼ −11.26% | ▼ −9.28% | $45.03 (+6.76%) |
Jul 1, 2026 16w ago | 8-K | $40.57 $39.86 | ▼ −1.75% | ▼ −1.34% | $45.03 (+10.99%) |
May 29, 2026 21w ago | 8-K | $38.41 $46.10 | ▲ +20.02% | ▲ +21.81% | $45.03 (+17.24%) |
May 28, 2026 21w ago | 8-K | $37.74 $48.92 | ▲ +29.62% | ▲ +32.77% | $45.03 (+19.32%) |
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