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Aug 30
Apogee Enterprises Q2 2026 Earnings Report
Apogee Enterprises reported mixed results in Q2 2026 with higher revenue driven by acquisition, but declining margins and earnings.
Key Takeaways
Apogee Enterprises delivered a year-over-year revenue increase of 4.6% in Q2 2026, mainly due to the acquisition of UW Solutions. However, margins contracted due to unfavorable mix and pricing pressure, leading to a decline in net income and operating income.
Revenue rose to $358,194,000, boosted by UW Solutions acquisition.
Net income dropped to $23,649,000 from $30,566,000 a year ago.
Operating margin declined due to lower price, volume, and unfavorable mix.
Performance Surfaces saw significant growth from acquisition and organic sales.
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
The company expects continued headwinds from pricing and input costs, but aims to offset them with restructuring savings and acquisition synergies.
Positive Outlook
- UW Solutions acquisition contributed $24.9M in Q2 revenue.
- Cash flow from operations remained positive at $37.3M.
- Architectural Services backlog remained stable at $792.3M.
- Lower incentive compensation reduced SG&A pressure.
- Performance Surfaces segment showed strong growth momentum.
Challenges Ahead
- Net income declined 22.6% YoY.
- Operating income decreased from $41.9M to $26.9M.
- Gross margin contracted from 28.4% to 23.1%.
- Architectural Glass revenue fell nearly 20% YoY.
- Higher material, tariff, and health insurance costs affected margins.
Revenue & Expenses
Visualization of income flow from segment revenue to net income