Apogee Enterprises posts strong Q2 results and lifts full‑year guidance
Apogee Enterprises reported second‑quarter adjusted earnings of $1.17 per share, beating the $0.63 consensus, and revenue of $391.1 million, up 9.2% year‑over‑year. The company raised its fiscal 2027 adjusted EPS outlook to $3.00‑$3.40 and revenue outlook to $1.46‑$1.50 billion. CEO Donald Nolan credited pricing, productivity initiatives and a $16.4 million contribution from the Kalwall acquisition for the outperformance.
Why it matters
The company says the higher guidance reflects stronger operating performance and should support a higher valuation for investors (the company’s statement). The raised EPS and revenue targets may lead to upward pressure on the stock price as analysts adjust their models.
Key facts
- 1Adjusted earnings per share for Q2 were $1.17, beating the analyst consensus of $0.63 by $0.54. investing.com
- 2Quarterly revenue was $391.1 million, a 9.2% year‑over‑year increase and above the estimate of $359.46 million. investing.com
- 3Operating margin expanded to 8.6%, up 110 basis points from the prior quarter. investing.com
- 4Adjusted EBITDA rose 11.7% to $49.5 million. investing.com
- 5Fiscal 2027 adjusted EPS guidance was raised to a range of $3.00‑$3.40, up from $2.70‑$3.25. investing.com
- 6Fiscal 2027 revenue guidance was increased to $1.46‑$1.50 billion, up from $1.38‑$1.43 billion. investing.com
Summary written by AlphAI from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.