The earnings call presented a strong performance in adjusted operating margin, EPS growth, and a successful acquisition, contrasted by a decline in overall revenue and expected pricing pressures. While there are challenges in certain segments, the strategic acquisition positions Apogee for future growth.

Company Guidance

During the Q2 2025 earnings call for Apogee Enterprises, the company provided several key financial metrics and guidance. The revenue for the quarter declined by 3% year-over-year, primarily due to lower volumes in the Framing, Glass, and Large-Scale Optical segments, although there was sequential improvement from an 8% decline in the first quarter. The adjusted operating margin increased by 110 basis points to 12.6%, driven by improved pricing, mix, favorable material costs, and reduced insurance-related costs. Adjusted diluted EPS grew by 6% to $1.44, matching the record EPS from the previous quarter. Apogee raised its full-year adjusted EPS outlook to a range of $4.90 to $5.20, reflecting strong performance, and maintained an expected net sales decline of 4% to 7%. The company also announced an acquisition of UW Solutions, expected to contribute approximately $100 million in revenue and maintain strong EBITDA margins, enhancing Apogee's long-term financial profile.

Strong Adjusted Operating Margin and EPS Growth

Adjusted operating margin was 12.6%, marking the second consecutive quarter with margins above 12%. Adjusted EPS grew by 6% to $1.44, equaling the record adjusted EPS reported in the first quarter.

Architectural Glass Outperformance

The Architectural Glass segment exceeded expectations with an operating margin improvement of 490 basis points to 23.4%, driven by strong pricing and mix despite lower volume.

Successful Acquisition of UW Solutions

The acquisition of UW Solutions is expected to be accretive to Apogee's long-term financial profile, with projected revenue of $100 million in fiscal 2026 at an adjusted EBITDA margin of approximately 20%.

Increased Full-Year EPS Outlook

Apogee raised its adjusted EPS outlook for the full year to a range of $4.90 to $5.20, reflecting stronger-than-expected second-quarter performance.

Strong Cash Flow and Balance Sheet

Cash from operations was $59 million in the quarter, up 42% compared to last year's second quarter, maintaining a strong balance sheet with low debt.

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Apogee (APOG) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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APOG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jan 07, 2025	2025 (Q3)	1.10 / -	1.23	―	―	―
Oct 04, 2024	2025 (Q2)	1.23 / 1.44	1.36	5.88% (+0.08)
Jun 27, 2024	2025 (Q1)	1.04 / 1.44	1.05	37.14% (+0.39)
Apr 18, 2024	2024 (Q4)	1.01 / 1.14	0.86	32.56% (+0.28)
Dec 21, 2023	2024 (Q3)	1.10 / 1.23	1.07	14.95% (+0.16)
Sep 19, 2023	2024 (Q2)	1.12 / 1.36	1.06	28.30% (+0.30)
Jun 23, 2023	2024 (Q1)	0.90 / 1.05	1	5.00% (+0.05)
Apr 12, 2023	2023 (Q4)	0.85 / 0.86	0.91	-5.49% (-0.05)
Dec 22, 2022	2023 (Q3)	0.97 / 1.07	0.63	69.84% (+0.44)
Sep 20, 2022	2023 (Q2)	0.83 / 1.06	0.53	100.00% (+0.53)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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APOG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 04, 2024	$68.21	$83.66	+22.65%
Jun 27, 2024	$58.81	$63.58	+8.11%
Apr 18, 2024	$55.30	$59.17	+7.00%
Dec 21, 2023	$50.98	$52.54	+3.06%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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