Apogee beats top-line and bottom-line estimates; updates FY26 outlook

* Apogee press release [https://seekingalpha.com/pr/20261704-apogee-enterprises-reports-fiscal-2026-second-quarter-results] (NASDAQ:APOG [https://seekingalpha.com/symbol/APOG]): Q2 Non-GAAP EPS of $0.98 beats by $0.14.
* Revenue of $358.19M (+4.6% Y/Y) beats by $7.28M.
* Adjusted EBITDA decreased to $44.4 million compared to $53.1 million, and adjusted EBITDA margin decreased to 12.4% compared to 15.5%.
* Net cash provided by operating activities in the second quarter was $57.1 million, compared to $58.7 million in the prior-year period.
* FISCAL 2026 OUTLOOKThe company now expects net sales in the range of $1.39 billion to $1.42 billion VS. CONSENSUS OF $1.42B, and diluted EPS in the range of $2.79 to $3.19 and adjusted diluted EPS in the range of $3.60 to $3.90 VS. CONSENSUS OF $3.96. This includes a projected unfavorable EPS impact from tariffs of $0.35 to $0.45. The company’s revised outlook assumes an effective tax rate of approximately 27%.
* The company continues to assume capital expenditures between $35 million to $40 million.

MORE ON APOGEE

* Apogee Enterprises: Even In Light Of Recent Weaknesses, It Will Be Fine [https://seekingalpha.com/article/4824091-apogee-enterprises-even-in-light-of-recent-weaknesses-it-will-be-fine]
* Seeking Alpha’s Quant Rating on Apogee [https://seekingalpha.com/symbol/APOG/ratings/quant-ratings]
* Historical earnings data for Apogee [https://seekingalpha.com/symbol/APOG/earnings]
* Dividend scorecard for Apogee [https://seekingalpha.com/symbol/APOG/dividends/scorecard]
* Financial information for Apogee [https://seekingalpha.com/symbol/APOG/income-statement]