Apogee reported net sales of $348.6 million for the quarter ended November 29, 2025, up 2.1% year-over-year driven by an $18.4 million inorganic contribution from the UW Solutions acquisition and a favorable product mix. Net earnings declined 21.2% to $16.5 million, with diluted EPS of $0.77, down 19.8%. Gross margin compressed to 23.8% from 26.1% due to lower volume, pricing pressure and higher aluminum, restructuring and insurance costs. Adjusted EBITDA rose slightly to $46.1 million, but margin slipped to 13.2%. Operating income fell to $24.9 million, and interest expense increased to $3.2 million following the UW Solutions acquisition. Cash from operations was $29.3 million, while long-term debt decreased by $15 million to $255 million, lowering the consolidated leverage ratio to 1.4x.

Architectural Metals sales of $124.4 million were down from $138.0 million as lower volumes partly offset price gains; adjusted EBITDA margin improved to 13.5%. Architectural Services net sales rose to $105.2 million, lifting adjusted EBITDA margin to 9.7% and segment backlog to $774.7 million. Architectural Glass net sales of $70.9 million and a 16.3% EBITDA margin reflected improved volume and mix offset by price declines. Performance Surfaces sales jumped to $53.0 million, including the UW Solutions contribution, but margin dipped to 22.5%. The company incurred $5.1 million in Project Fortify Phase 2 costs during the quarter and now expects total pre-tax charges of $28 million–$29 million to achieve $25 million–$26 million in annual cost savings by year-end.

Effective immediately, Matthew J. Osberg will step down as Chief Financial Officer, remaining through January 16, 2026 to ensure continuity. Mark Augdahl, the company’s chief accounting officer since 2000, has been named interim CFO. Apogee finished the quarter with a current ratio of 1.90 and a debt-to-equity ratio of 0.61, reflecting conservative leverage. The board has initiated a search for a permanent finance leader while maintaining liquidity and a strong investment-grade balance sheet to support ongoing operations and strategic initiatives.