Apogee Q4 EPS $0.92 Beats Estimates; FY27 EPS Guidance $2.70–$3.25
Apogee Enterprises posted Q4 adjusted EPS of $0.92 on revenue of $351.4 million, up 1.6% year-on-year with margin expanding to 12.1%. For fiscal 2027, it projects EPS of $2.70–$3.25 and revenue of $1.38–$1.43 billion, following $26 million in annual savings from Project Fortify Phase 2.
1. Q4 Financial Results
Apogee reported adjusted earnings per share of $0.92 for the quarter ended February 28, matching market estimates, on revenue of $351.4 million, up 1.6% from $345.7 million a year earlier. Adjusted EBITDA rose 3.2% to $42.4 million, lifting the EBITDA margin to 12.1% from 11.9%.
2. Fiscal 2027 Guidance
The company forecasts fiscal 2027 adjusted EPS between $2.70 and $3.25, with revenue projected at $1.38–$1.43 billion. The EPS midpoint of $2.98 trails the prior analyst consensus of $3.42, while the revenue midpoint of $1.405 billion slightly exceeds estimates of $1.39 billion.
3. Project Fortify Phase 2 Savings
Apogee has largely completed Project Fortify Phase 2 and expects the initiative to deliver approximately $26 million in annualized cost savings. Key drivers included lower incentive compensation and insurance expenses, partially offset by higher aluminum and health insurance costs.
4. Full-Year Fiscal 2026 Performance
For the full fiscal year, net sales rose 3.2% to $1.40 billion, but adjusted diluted EPS declined to $3.47 from $4.97 a year earlier. The company emphasized cost management and shareholder returns through dividends and share repurchases.