Apogee Enterprises reported net sales of $348.6 million for the quarter ended November 29, 2025, a 2.1% increase year-over-year driven largely by the $18.4 million revenue contribution from the UW Solutions acquisition and favorable product mix. Adjusted EBITDA rose 0.7% to $46.1 million, although adjusted EBITDA margin dipped to 13.2% from 13.4% due to higher aluminum and health insurance costs. Net earnings declined 21.2% to $16.5 million, and diluted EPS fell 19.8% to $0.77, reflecting lower volumes and increased cost pressures. The Architectural Metals segment saw net sales of $124.4 million, with adjusted EBITDA margin improving to 13.5%, while Performance Surfaces net sales jumped to $53.0 million on organic growth plus the UW acquisition contribution.

Operating cash flow for the quarter was $29.3 million, down slightly from $31.0 million in the prior year, as lower net earnings and higher working capital usage offset strong collections. Year-to-date operating cash flow stands at $66.6 million, compared with $95.1 million a year earlier, reflecting a $13.7 million arbitration settlement payment. Quarter-end long-term debt decreased by $15 million to $255.0 million, reducing the consolidated leverage ratio to 1.4x. The company returned $16.6 million to shareholders in dividends during the period and expects capital expenditures of $25 million to $30 million for fiscal 2026.

Management now forecasts full-year net sales of approximately $1.39 billion, diluted EPS of $2.49 to $2.65, and adjusted EPS of $3.40 to $3.50. The guidance incorporates an estimated $0.30 per share headwind from tariffs and assumes an adjusted effective tax rate of 27%. Project Fortify Phase 2 restructuring actions are expected to incur $28 million to $29 million in pre-tax charges and deliver $25 million to $26 million in annualized cost savings, with the bulk of actions completed by the end of Q4.

Apogee announced that its CFO will transition on January 16, 2026, with longtime finance executive Mark Augdahl stepping in as interim CFO. Augdahl, who joined the company in 2000 and has held multiple senior finance roles including Chief Accounting Officer, brings nearly four decades of experience. The search for a permanent successor is underway, ensuring continuity of financial leadership during the company’s operational transformation.