APOGEE ENTERPRISES, INC. (APOG): Entry into a Material Definitive Agreement

Apogee Enterprises (Nasdaq: APOG) agreed to acquire GroGlass for up to €62.5M ($72.5M). GroGlass, a Latvian glass surface solutions provider, will expand Apogee's Performance Surfaces segment. The deal, expected to close in Q3 2027, is projected to add $30M in annual revenue with a 25% adjusted EBITDA margin and $4M in cost synergies.

Apogee Enterprises (APOG) agreed to acquire GroGlass for up to €62.5M ($72.5M). GroGlass is expected to contribute $30M in revenue and $7.5M in adjusted EBITDA in its first year. The deal is set to close in Q3 2027, subject to conditions. Apogee aims to integrate GroGlass into its Performance Surfaces segment, expecting cost synergies and operating improvements.

Apogee 21 (A21 Wine & Spirits) says it was selected as the successful bidder in a Chapter 11 court sale to buy Luca Mariano Distillery for $19.5m, including a 529-acre campus, assets, and about 6,600 ageing Bourbon barrels. The company plans to fund the purchase via $7m from investors, senior secured debt, and other financing, plus a $20m Series D. It also signed an LOI to buy Rod & Hammer’s whiskey brand and distillery in California.

APOGEE ENTERPRISES, INC. (APOG) filed an SEC Form 8-K — Completion of Acquisition or Disposition of Assets. apog-20260701 0000006845 false 0000006845 2024-11-04 2024-11-04 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported):

Apogee’s Q1 FY2027 earnings call said net sales fell 1.1% to $343M as lower metals and glass volume was partly offset by pricing and mix. Adjusted EBITDA margin fell to 9.4% (from 9.9%); adjusted diluted EPS rose to $0.57. Backlog ended at $735M (+8% YoY). The company cited rising input costs, pricing actions, and softer glass conditions, and reiterated full-year guidance of $1.38B–$1.43B net sales and $2.70–$3.25 adjusted EPS. Apogee expects Kalwall acquisition revenue of ~$85M at ~15% adjusted

Apogee Enterprises reported Q1 adjusted diluted EPS of 57 cents, above the 45-cent consensus, on net sales of $342.7 million versus $333.8 million expected. The company cited pricing/product mix for offsetting a 1.1% volume decline. Operating income rose to $18.8 million; operating margin to 5.5%. It kept fiscal 2027 adjusted EPS guidance of $2.70–$3.25 and sales outlook of $1.38–$1.43 billion; Kalwall acquisition remains on track for early July. Shares were up 9.44% to $46.49.