Apogee Enterprises (APOG) Fiscal Q2 2027 Earnings Call: Guidance Raised
Source Tradingkey
Key Takeaways
- Fiscal Q2 2027 net sales rose 9.2% year over year to $391.1 million, supported by CalWall, pricing and favorable mix, partly offset by lower metals and glass volumes.
- Adjusted diluted EPS increased more than 19% to $1.17, while adjusted EBITDA margin expanded 30 basis points to 12.7%.
- Apogee raised its fiscal 2027 outlook to net sales of $1.46 billion to $1.50 billion and adjusted diluted EPS of $3.00 to $3.40.
- Services recorded its 10th consecutive quarter of sales growth. Backlog reached $833 million, up 5% year over year and 13% sequentially.
- Glass sales increased more than 21% to $87.4 million, including $16.4 million from CalWall. Segment margin improved sequentially but remained below the prior-year level.
- Management said pricing, productivity improvements and Fortify Phase 2 savings supported results, while material inflation, manufacturing costs and weak market demand remained pressures.
Key Financial Data
| Metric | Fiscal Q2 2027 | Change / Commentary |
|---|---|---|
| Net sales | $391.1 million | Up 9.2% year over year |
| Adjusted EBITDA margin | 12.7% | Up from 12.4% |
| Adjusted diluted EPS | $1.17 | Up more than 19% |
| Year-to-date operating cash flow | $43.3 million | Up from $37.3 million a year earlier |
| Share repurchases in Q2 | $6.4 million | Capital returned to shareholders |
| Dividends in Q2 | $5.5 million | Capital returned to shareholders |
| Consolidated leverage ratio | 1.7x | No near-term debt maturities |
Business and Operating Performance
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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