Monitor next quarterly earnings for initial revenue contribution from GroGlass and any margin accretion commentary. The earnout structure provides a 3-year performance signal.
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Executive Summary
Apogee Enterprises completed its acquisition of GroGlass, a Latvian provider of anti-reflective coatings, for approximately $62.5 million on a cash-free, debt-free basis (up to $71.8 million including earnout). The deal was funded with available cash and borrowings under its revolving credit facility, and is expected to strengthen Apogee's Performance Surfaces portfolio with differentiated technology.
Key Facts
- Acquisition of GroGlass closed on September 18, 2026
- Transaction valued at approximately $62.5 million on a cash-free, debt-free basis
- Maximum contingent earnout consideration of $10 million payable over 3 years
- Total transaction value up to approximately $71.8 million at current exchange rates
- Funded using available cash and borrowings under existing revolving credit facility
- GroGlass specializes in anti-reflective and advanced coatings for display, architectural, and technical applications
Financial Impact
Up to $71.8 million total consideration including earnout, funded via cash and revolver; no dilution to common equity
Risk Factors
- Integration risk of a cross-border acquisition in Latvia
- Earnout targets may not be achieved, reducing expected returns
- Additional leverage from revolver borrowing increases interest expense
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000006845-26-000093 |
| Exhibit: exhibit991-pressrelease.htm | 0000006845-26-000093 |
| Document: 0000006845-26-000093-index-headers.html | 0000006845-26-000093 |
| Document: 0000006845-26-000093-index.html | 0000006845-26-000093 |
| Document: 0000006845-26-000093.txt | 0000006845-26-000093 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 13, 2026 13d ago | 144 | $41.97 | awaiting T+20 | — | $44.17 (+5.24%) |
Oct 6, 2026 21d ago | 8-K | $39.74 | awaiting T+20 | — | $44.17 (+11.14%) |
Sep 23, 2026 4w ago | 8-K | $36.78 $43.68 | ▲ +18.76% | ▲ +18.07% | $44.17 (+20.09%) |
Aug 14, 2026 10w ago | Institutional Cluster | $42.18 $37.43 | ▼ −11.26% | ▼ −9.28% | $44.17 (+4.72%) |
Jul 1, 2026 16w ago | 8-K | $40.57 $39.86 | ▼ −1.75% | ▼ −1.34% | $44.17 (+8.87%) |
May 29, 2026 21w ago | 8-K | $38.41 $46.10 | ▲ +20.02% | ▲ +21.81% | $44.17 (+15.00%) |
May 28, 2026 21w ago | 8-K | $37.74 $48.92 | ▲ +29.62% | ▲ +32.77% | $44.17 (+17.04%) |
May 12, 2026 23w ago | DEFA14A | $35.35 $38.54 | ▲ +9.02% | ▲ +10.75% | $44.17 (+24.95%) |
Apr 24, 2026 26w ago | 8-K | $38.29 $35.30 | ▲ +7.81% | ▲ +11.83% | $44.17 (−15.36%) |
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