Apogee Q1 Profit at $11.5M, Sales $342.7M, FY27 Guidance Reaffirmed
APOG•Apogee Enterprises posted Q1 net income of $11.5 million (EPS $0.54) versus a year-ago $2.7 million loss on net sales of $342.7 million. It reaffirmed FY27 net sales guidance of $1.38–$1.43 billion and adjusted EPS of $2.70–$3.25, expecting the pending Kalwall acquisition to be accretive without materially altering outlook.
1. Q1 Financial Results
Apogee Enterprises reported net income of $11.5 million for Q1, or $0.54 per share, reversing a $2.7 million loss in the prior-year period. Net sales reached $342.7 million, with adjusted EBITDA declining to $32.1 million.
2. FY27 Guidance Reaffirmed
The company reaffirmed its fiscal 2027 guidance, projecting net sales between $1.38 billion and $1.43 billion and adjusted EPS of $2.70 to $3.25.
3. Kalwall Acquisition Impact
Apogee expects the pending Kalwall acquisition, slated to close in early July, to drive net sales into a $1.43 billion to $1.48 billion range and be accretive to adjusted EPS without materially altering its current outlook.
4. Share Price Reaction
In pre-market trading, shares rose 5.96% to $45.01, reflecting investor optimism following the earnings release and guidance reaffirmation.
