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APOG

Apogee Enterprises, Inc.

APOG

Apogee Enterprises, Inc. • NASDAQ
$36.41 ▼ -0.22% (-0.08)
Market Cap $783.40 M
52w High $85.29
52w Low $32.77
Dividend Yield 1.04%
P/E 17.67
Volume 75.73K
Outstanding Shares 21.52M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2026 $358.194M ▲ $54.289M ▼ $23.649M ▲ 6.602% ▲ $1.1 ▲ $44.535M ▲
Q1-2026 $346.622M ▲ $75.194M ▲ $-2.688M ▼ -0.775% ▼ $-0.13 ▼ $34.967M ▲
Q4-2025 $345.694M ▲ $70.916M ▲ $2.486M ▼ 0.719% ▼ $0.12 ▼ $33.157M ▼
Q3-2025 $341.344M ▼ $60.82M ▲ $20.989M ▼ 6.149% ▼ $0.96 ▼ $46.463M ▼
Q2-2025 $342.44M $56.256M $30.566M 8.926% $1.4 $52.853M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2026 $46.178M ▲ $1.155B ▼ $654.468M ▼ $500.215M ▲
Q1-2026 $38.18M ▼ $1.157B ▼ $675.049M ▼ $481.783M ▼
Q4-2025 $46.246M ▲ $1.175B ▼ $687.371M ▲ $487.898M ▼
Q3-2025 $43.855M ▼ $1.181B ▲ $658.451M ▲ $522.069M ▲
Q2-2025 $51.805M $917.092M $410.67M $506.422M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2026 $23.65M ▲ $57.062M ▲ $-3.901M ▲ $-46.775M ▼ $6.695M ▲ $52.402M ▲
Q1-2026 $-2.688M ▼ $-19.782M ▼ $-6.982M ▲ $17.645M ▲ $-8.617M ▼ $-26.949M ▼
Q4-2025 $2.485M ▼ $30.032M ▼ $-8.792M ▲ $-22.97M ▼ $-2.407M ▲ $19.135M ▼
Q3-2025 $20.989M ▼ $30.998M ▼ $-241.651M ▼ $203.652M ▲ $-7.169M ▼ $21.964M ▼
Q2-2025 $30.566M $58.679M $-8.121M $-29.707M $20.661M $50.246M

Revenue by Products

Product Q3-2025Q4-2025Q1-2026Q2-2026
Architectural
Architectural
 $0 ▲$0 ▲$70.00M ▲$70.00M ▲
Architectural Metals Segment
Architectural Metals Segment
 $0 ▲$0 ▲$130.00M ▲$140.00M ▲
Architectural Services segment
Architectural Services segment
 $100.00M ▲$120.00M ▲$110.00M ▼$100.00M ▼
Performance Surfaces
Performance Surfaces
 $0 ▲$0 ▲$40.00M ▲$50.00M ▲
Architectural Glass Segment
Architectural Glass Segment
 $70.00M ▲$80.00M ▲$0 ▼$0 ▲
Architectural Framing Segment
Architectural Framing Segment
 $140.00M ▲$0 ▼$0 ▲$0 ▲
Large Scale Optical
Large Scale Optical
 $30.00M ▲$0 ▼$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Apogee’s revenue has grown over the past several years and then flattened out more recently, with a slight step down in the latest period. The more important story is on profitability: margins have improved meaningfully versus earlier years, showing better pricing, mix, and cost control. Operating and EBITDA results moved from relatively thin to clearly healthier levels, though the most recent year shows a mild softening from the peak. Earnings per share have been volatile at times, likely reflecting one‑off items, but are now running well above where they were earlier in the period, indicating a structurally stronger earnings base despite some recent cooling.

Balance Sheet

Balance Sheet The balance sheet looks sturdier than a few years ago, with equity meaningfully higher and total assets stepping up in the latest year, likely reflecting investment or acquisitions. Cash on hand is modest but steady. Debt was gradually brought down and then increased again in the most recent year, so leverage has ticked back up and is now a more notable watch‑point. Overall, the company appears to balance investment and returns with a moderate, but recently higher, use of debt rather than an aggressively conservative posture.

Cash Flow

Cash Flow Apogee has consistently generated positive cash flow from operations, though the level has been somewhat up and down year to year. Free cash flow has also been positive throughout the period, which is encouraging, even if not perfectly smooth. Capital spending has been fairly disciplined and stable, suggesting a focus on targeted investments rather than heavy expansion at any cost. The pattern points to a business that can regularly fund its needs and strategic projects from internal cash, with some variability tied to project timing and the construction cycle.

Competitive Edge

Competitive Edge Apogee operates in specialized niches of the construction market, focusing on high‑performance glass, metal systems, and complex building facades. Its brands, such as Viracon, Harmon, and Tru Vue, carry strong reputations with architects, contractors, and institutional customers. The company’s ability to design, engineer, manufacture, and often install complete building envelope solutions gives it an integrated position that many smaller or more narrowly focused competitors lack. At the same time, exposure to commercial construction means the business is sensitive to economic and building cycles, and large custom projects carry execution and bidding risk, even with a solid competitive moat built on expertise and relationships.

Innovation and R&D

Innovation and R&D Innovation centers on energy‑efficient, high‑performance, and increasingly “smart” building solutions. Viracon’s advanced coatings and smart glass partnerships, Harmon’s capabilities in complex curtainwall design and installation, and Tru Vue’s museum‑grade glazing products all illustrate a focus on differentiated, premium offerings rather than commodity products. The company is also investing in digital tools for customers and in a structured operating system to drive continuous improvement. Future growth potential appears tied to the uptake of smart glass, expansion of high‑performance surfaces, and demand from green building and renovation markets, but these initiatives also bring execution and adoption risks that will play out over several years.

Summary

Overall, Apogee shows the profile of a mature industrial business that has deliberately shifted toward higher‑margin, value‑added products and services. Profitability and cash generation are materially stronger than earlier in the period, though the most recent results hint at some normalization after a strong run. The balance sheet remains sound but now carries more debt than in the recent past, likely reflecting a choice to invest and reshape the portfolio. Competitive strengths rest on technology, brand, and integration across the building envelope, all of which are reinforced by ongoing innovation in smart and sustainable solutions. Key uncertainties revolve around construction cycles, project execution, how well new technologies are adopted, and management’s ability to sustain margin gains while integrating new investments and managing higher leverage.

NEWS

October 31, 2025 · 6:30 AM UTC

Apogee Enterprises Announces CEO Transition

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October 10, 2025 · 6:30 AM UTC

Apogee Enterprises Declares Quarterly Cash Dividend

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October 9, 2025 · 6:11 PM UTC

Apogee Enterprises Reports Fiscal 2026 Second Quarter Results

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September 30, 2025 · 6:30 AM UTC

Apogee Enterprises Announces Date for Fiscal 2026 Second Quarter Results

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