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Mar 01
Apogee Enterprises Q4 2025 Earnings Report
Apogee Enterprises reported a decrease in both revenue and earnings for Q4 2025, though adjusted EPS beat expectations.
Key Takeaways
Apogee Enterprises faced a 4.5% year-over-year decline in Q4 revenue to $345.7 million, primarily driven by the absence of an extra operational week and reduced volume in key segments. Despite this, adjusted diluted EPS of $0.89 surpassed analyst estimates. The company also completed the first phase of Project Fortify and recorded various non-recurring expenses, including an arbitration award charge.
Q4 revenue declined by 4.5% year-over-year to $345.7 million.
Adjusted diluted EPS for Q4 was $0.89, beating estimates by $0.02.
Net income dropped to $2.5 million due to impairment and arbitration-related expenses.
Segment revenue was mixed, with strong growth in Performance Surfaces offset by declines in Metals and Glass.
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 expects FY 2026 revenue between $1.37B and $1.43B, with adjusted EPS between $3.55 and $4.10. The company anticipates headwinds from tariffs and macro uncertainty, particularly in early quarters.
Positive Outlook
- FY26 adjusted EPS forecast up to $4.10.
- UW Solutions expected to contribute $100M in revenue.
- Estimated 20% EBITDA margin from UW Solutions.
- Projected $13M–$15M annualized cost savings from Project Fortify Phase 2.
- Planned capital expenditures of $35M–$40M to support growth.
Challenges Ahead
- Tariff-related headwinds projected to reduce EPS by $0.45 to $0.55.
- Interest expense expected to increase to $14.5M–$15.5M.
- Macroeconomic uncertainty impacting non-residential construction and specialty glass.
- More significant year-over-year declines in adjusted EPS expected in H1 FY26.
- Projected restructuring charges of $24M–$26M from Project Fortify Phase 2.
Revenue & Expenses
Visualization of income flow from segment revenue to net income