Apogee Enterprises posts Q2 FY27 beat and raises full‑year sales and EPS outlook
Apogee Enterprises reported second‑quarter fiscal 2027 net sales of $391.1 million, up 9.2% year‑over‑year, and adjusted diluted EPS of $1.17, beating consensus estimates. The company lifted its fiscal 2027 net‑sales guidance to $1.46 billion‑$1.50 billion and adjusted EPS guidance to $3.00‑$3.40. Management credited pricing discipline, productivity initiatives and the recent Kalwall and Groglass acquisitions for the stronger performance.
Why it matters
The higher guidance expands the revenue and earnings targets investors had for FY27, implying potentially stronger cash flow and dividend capacity (the company announced a $0.27 quarterly dividend). The raised outlook also drove a pre‑market share rally of roughly 20% (as reported by multiple sources).
Key facts
- 1Net sales were $391.1 million, a 9.2% year‑over‑year increase. pulse2.com
- 2Adjusted diluted EPS was $1.17, a 19.4% increase from the prior year. pulse2.com
- 3Fiscal 2027 net‑sales guidance was raised to $1.46 billion‑$1.50 billion. rttnews.com
- 4Fiscal 2027 adjusted EPS guidance was raised to $3.00‑$3.40. rttnews.com
- 5Operating income rose 24.5% to $33.5 million. pulse2.com
- 6Adjusted EBITDA increased 11.7% to $49.5 million and margin improved to 12.7%. investing.com
Summary written by AlphAI AI Desk from 18 of 18 sources. Not investment advice. Figures are as stated by the linked sources.