Apogee Q2 diluted EPS slips to $1.07; net sales rise 9% to $391.1 million
APOG•Apogee reported Q2 net sales of $391.1 million, up 9%, while diluted EPS fell to $1.07. It raised FY27 adjusted diluted EPS guidance to $3.00-$3.40 and net sales guidance to $1.46-$1.50 billion.
1. Q2 results and outlook
Operating income rose 25% to $33.5 million, and operating margin widened to 8.6% from 7.5% a year earlier; net earnings fell 5% to $22.4 million. Management said results exceeded expectations on pricing and productivity initiatives, and said Kalwall contributed $16.4 million in net sales following its acquisition.
