NASDAQ$APOG

Apogee Enterprises Inc · Q3 2025 earnings

Q3 2025 earnings · · Investor relations

Briefing

Apogee Enterprises reported a decrease in operating income and diluted earnings per share due to soft demand in end markets, while net sales saw a slight increase driven by the UW Solutions acquisition and favorable project mix in Architectural Services.

Apogee Enterprises reported a slight increase in net sales, driven by inorganic sales contribution from the acquisition of UW Solutions and a favorable project mix in Architectural Services, offset by less favorable mix in Architectural Framing Systems and lower volume in Architectural Glass. Operating income and diluted earnings per share decreased due to soft demand in end markets.

  • Net sales increased 0.5% to $341.3 million.
  • Operating margin decreased to 8.4%, with adjusted operating margin at 10.4%.
  • Diluted EPS was $0.96, and adjusted diluted EPS was $1.19.
  • The acquisition of UW Solutions was completed, expanding capabilities in the LSO segment.

Headline financials

Total Revenue

$341M

Previous: $340M+0.5%
EPS

$0.96

Previous: $1.23-22.0%
Cash Flow from Operations

$31M

No prior period
Capital Expenditures

-$24.7M

Previous: -$27M+8.4%
Free Cash Flow

-$3.71M

Previous: $18K-20694.4%
Net Income

$21M

Previous: $27M-22.2%
Operating Income

$28.6M

Previous: $37.6M-24.0%
Gross Profit

$89.1M

Previous: $90.3M-1.3%
Cash & Equivalents

$43.9M

Previous: $23.4M+87.4%
Total Assets

$1.18B

Previous: $895M+31.9%
Stock-Based Comp

$2.43M

Previous: $2.16M+12.2%

Revenue & EPS history

Apogee Enterprises · Revenue · Quarterly

$341M

Q3 2025+0.5%vs Q3 2024
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Apogee Enterprises · $350M total across 4 segments · Q1 2027

  • Architectural Metals
    $122M
  • Architectural Services
    $115M
  • Architectural Glass
    $67.7M
  • Performance Surfaces
    $44.3M

Forward guidance

Apogee Enterprises expects full-year net sales to decline approximately 5%, including a $30 million contribution from UW Solutions, and adjusted diluted EPS to be at the bottom of its guidance range of $4.90 to $5.20.

Tailwinds

  • UW Solutions acquisition contributing approximately $30 million to net sales.
  • Project Fortify is expected to yield annualized cost savings of $13 million to $14 million.
  • Approximately 60% of Project Fortify savings will be realized in fiscal 2025.
  • Effective tax rate expected to be approximately 24.5%.
  • Plan to be substantially complete in the fourth quarter of fiscal 2025

Headwinds

  • Full-year net sales expected to decline approximately 5%.
  • Lower-than-expected volume in the fourth quarter impacting sales.
  • Approximately $0.05 of dilution related to the acquisition of UW Solutions.
  • Reversion to a 52-week year will reduce adjusted diluted EPS by approximately $0.20 compared to fiscal 2024.
  • Capital expenditures expected between $40 million to $45 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

-0.2%

Avg return

Earnings day

-1.9%

Avg return

5 days after

+0.5%

Avg return

30 days after

49%

32 / 65 earnings

Positive

+15.2%

Q2 2025

Best reaction

-26.2%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2027
Q4 2026+0.3%+0.1%+0.6%
Q3 2026-14.0%-6.3%+12.1%
Q2 2026-4.5%-7.7%-16.9%
Q1 2026-3.1%-3.6%+0.3%
Q4 2025-12.7%-12.1%-15.8%
Q3 2025-26.2%-28.7%-28.6%
Q2 2025+15.2%+13.8%+10.8%
Q1 2025+6.1%+3.9%+15.0%
Q4 2024+3.6%+2.3%+18.4%
Q3 2024+4.4%+4.5%+3.3%
Q2 2024-1.8%-3.6%-13.7%
Q1 2024+9.2%+8.8%+4.7%
Q4 2023-0.2%+2.8%-8.7%
Q3 2023-2.1%-1.6%-1.4%
Q2 2023+3.1%-1.4%+6.4%
Q1 2023+10.9%+3.9%+6.4%
Q4 2022-6.1%-4.3%-8.3%
Q3 2022+13.6%+12.1%+8.7%
Q2 2022-3.4%-3.7%+2.0%
Q1 2022+4.9%+5.5%-0.2%
Q4 2021-7.4%-8.7%-7.2%
Q3 2021+1.1%+1.7%+14.5%
Q2 2021+8.9%-2.3%+23.5%
Q1 2021+4.9%-0.4%+0.3%
Q4 2020-1.6%-3.8%+10.9%
Q3 2020-20.9%-19.7%-14.6%
Q2 2020+1.8%-1.1%-9.5%
Q1 2020+10.3%+9.4%+4.4%
Q4 2019-4.6%-1.4%+2.4%
Q3 2019-12.4%-10.2%+11.1%
Q2 2019-13.4%-10.8%-22.1%
Q1 2019+11.5%+10.9%+13.9%
Q4 2018-5.9%-1.9%-1.3%
Q3 2018-14.0%-11.6%-11.6%
Q2 2018-1.0%+3.4%+2.4%
Q1 2018-5.4%-6.6%-8.5%
Q4 2017-10.1%-10.6%-8.1%
Q3 2017+1.5%+4.9%+17.3%
Q2 2017-2.7%+0.1%-1.3%
Q1 2017+4.6%-3.0%+8.1%
Q4 2016+4.0%
Q3 2016+0.1%
Q2 2016-3.6%
Q1 2016-2.3%
Q4 2015+11.6%
Q3 2015+3.7%
Q2 2015+10.4%
Q1 2015+9.6%
Q4 2014+1.4%
Q3 2014+5.0%
Q2 2014-0.9%
Q1 2014+4.6%
Q4 2013-11.0%
Q3 2013+5.9%
Q2 2013+13.4%
Q1 2013+4.0%
Q4 2010-1.8%
Q4 2012-5.5%
Q3 2011+0.2%
Q3 2012+11.5%
Q4 2011-3.4%
Q2 2011-3.4%
Q2 2012-0.4%
Q1 2012-2.5%
Q1 2011-3.8%

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