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May 31, 2025
Apogee Enterprises Q1 2026 Earnings Report
Apogee Enterprises reported a net loss and lower earnings in Q1 2026 due to restructuring and tariff costs.
Key Takeaways
Apogee Enterprises experienced a challenging Q1 FY26 with a net loss of $2.7 million and a decline in adjusted EBITDA. While revenue increased slightly, higher aluminum costs and restructuring charges weighed on profitability. However, performance exceeded expectations and the company raised full-year guidance.
Net loss of $2.7 million due to restructuring and tariff impacts
Revenue rose to $346.6 million, supported by acquisition-driven growth
Adjusted EPS came in at $0.56
FY26 outlook raised for both revenue and adjusted EPS
Revenue by Segment
Forward Guidance
Apogee raised its full-year FY26 guidance for both revenue and adjusted EPS, anticipating a stronger second half driven by cost mitigation and integration benefits.
Positive Outlook
- Raised FY26 net sales outlook to $1.40–$1.44 billion
- Raised adjusted EPS guidance to $3.80–$4.20
- Cost mitigation efforts expected to ease tariff impact in H2
- Integration of UW Solutions expanding market reach
- Project Fortify Phase 2 expected to drive cost efficiencies
Challenges Ahead
- Tariffs expected to reduce EPS by $0.35–$0.45 in H1
- Higher aluminum costs impacting margins
- Restructuring costs of $15.3 million incurred in Q1
- Adjusted EBITDA margin declined to 9.9%
- Lower volume in Architectural Glass due to weak demand
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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