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May 31
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
Apogee Enterprises
Apogee Enterprises
Apogee Enterprises Revenue by Segment
Revenue by Segment
Architectural Metals Revenue
CapyFin.comArchitectural Services Revenue
CapyFin.comArchitectural Glass Revenue
CapyFin.comPerformance Surfaces Revenue
CapyFin.com 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