APOG Reports Q1
Apogee Enterprises reported Q1 fiscal 2027 revenue of $343 million and adjusted diluted EPS of $0.57, showcasing strong execution in a challenging environment.
Apogee Enterprises (NASDAQ: APOG ) reported first-quarter financial results on Friday.
The transcript from the company's first-quarter earnings call has been provided below.
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Access the full call at Summary Apogee Enterprises reported Q1 fiscal 2027 revenue of $343 million and adjusted diluted EPS of $0.57, showcasing strong execution in a challenging environment.
The company successfully implemented pricing strategies and cost-saving measures, particularly in metals, to counteract rising aluminum costs and other input pressures.
The acquisition of Kalwall is expected to enhance Apogee's portfolio with accretive margins and open new market opportunities in education and healthcare sectors.
Apogee's services segment achieved its ninth consecutive quarter of revenue growth, while the glass segment faced challenges due to softer market conditions.
For fiscal 2027, Apogee maintains a revenue forecast of $1.38 to $1.43 billion, with potential adjustments reflecting the Kalwall acquisition impact.
Full Transcript OPERATOR Good day and thank you for standing by.
Welcome to the Apogee Enterprises first quarter earnings conference call.
At this time, all participants are in a listen-only mode.
After the speaker's presentation, there will be a question and answer session.
To ask a question during the session, you'll need to press star 11 on your telephone.
You will then hear an automated message advising your hand is raised.
To withdraw your question, please press star 11 again.
As a reminder, this conference is being recorded for replay purposes.
I will now turn the conference over to Jeremy Stephan, Vice President, Investor Relations and Communications, to begin.
Jeremy, please go ahead.
Jeremy Stephan, Vice President, Investor Relations and Communications Thank you.
Good morning and welcome to Apogee Enterprises fiscal 2027 first quarter earnings call.
On the call today are Don Nolan, Apogee's Chief Executive Officer, and Mark Ogdahl, our Chief Financial Officer.
During this call, the team will reference certain non-GAAP financial measures.
Definitions of these measures and a reconciliation to the nearest GAAP measures are provided in the earnings release and slide deck, which are available in the Investor Relations section of our website.
As a reminder, today's call will contain forward-looking statements.
These reflect management's expectations based on currently available information.
Actual results may differ materially from those expressed today.
More information about factors that could affect Apogee's business and financial results can be found in our press release and in the company's SEC filings.
With that, I'll turn the call over to Don.
Don Nolan, Chair of the Board Thanks, Jeremy, and good morning, everyone.
We're glad you could join us for our first quarter earnings call.
Our team delivered revenue of $343 million and adjusted diluted EPS of $0.57 in the quarter, demonstrating strong execution across the business.
We effectively navigated a challenging environment marked by rising aluminum costs, a dynamic macroeconomic backdrop, and elevated interest rates.
These results were supported by a sustained focus on cost control and thoughtful pricing actions in response to higher input costs across our segments.
Results reflected a mix of solid performance and continued variability in end markets.
In metals, pricing actions and cost savings from Fortified 2 drove margin expansion, supported by favorable mix and ongoing productivity improvements.