Apogee Enterprises Stock Surges 5% After Impressive Q2 Earnings and Upgraded Forecast

MINNEAPOLIS – Apogee Enterprises, Inc. saw its shares surge by 5.2% following the release of strong second-quarter results that exceeded expectations and an upgrade in its full-year earnings guidance.

The company reported adjusted earnings per share of $1.44 for the quarter, significantly surpassing the analyst consensus estimate of $1.23. Revenue totaled $342.4 million, exceeding predictions of $335.3 million, despite a year-over-year decline of 3.2%.

Apogee’s adjusted operating margin improved by 110 basis points to 12.6%, benefiting from enhanced pricing, a favorable mix of projects, and reduced costs, which helped mitigate the impact of lower sales volumes.

"Our team achieved another strong quarter of profitability, delivering improved operating margins, adjusted EPS growth, and increased operating cash flow, despite volume pressure," commented CEO Ty R. Silberhorn.

Looking forward, Apogee has increased its fiscal 2025 adjusted EPS guidance to a range of $4.90 to $5.20, revising its previous outlook upwards and exceeding the $4.83 consensus. The company anticipates a full-year revenue decline of 4-7%.

These strong results and the optimistic outlook highlight Apogee’s commitment to enhancing its cost structure and expanding its higher-margin offerings. Additionally, the recent acquisition of UW Solutions is expected to contribute to long-term growth.

Despite encountering some challenges with sales volume, Apogee appears well-positioned to maintain strong profitability as it pursues its strategic objectives.