Latest news with #ApogeeEnterprises
Yahoo
07-08-2025
- Business
- Yahoo
Apogee Enterprises Appoints Two New Business Segment Presidents
MINNEAPOLIS, August 07, 2025--(BUSINESS WIRE)--Apogee Enterprises, Inc. (Nasdaq: APOG), a leading provider of architectural building products and services, as well as high-performance coated materials used in a variety of applications, today announced the appointment of two new business segment presidents. The Company announced that effective August 7, 2025, Nick Longman will resign as President of the Architectural Metals Segment. Troy Johnson will take the role of President of the Architectural Metals Segment, replacing Mr. Longman, and Matt Christian will take the role of President of the Architectural Services Segment, succeeding Mr. Johnson. "Troy and Matt are Apogee veterans and I am excited by the skills and experience they will bring to their new roles," said Ty R. Silberhorn, Chief Executive Officer. "Troy is a proven leader with an impressive record of delivering results and creating value. Matt has deep business and industry knowledge, along with transformational leadership skills that will make him a valuable addition to our Services and Executive leadership teams. These appointments reflect our depth and breadth of leadership talent and our organizational development goals of providing growth opportunities and new challenges for our people." Mr. Silberhorn continued, "On behalf of the leadership team, I want to thank Nick for his many contributions over the last four years and wish him the best in his future endeavors." Mr. Johnson joined Apogee in 2011 and has served as President of the Architectural Services Segment and as a member of the Executive Committee since 2020. He has more than 25 years of industry experience. Mr. Christian brings 23 years of Apogee experience to his new position, where he most recently served as the Vice President, Products in the Architectural Metals Segment. Prior to that, he spent more than 19 years in the Architectural Services Segment. About Apogee Enterprises, Inc. Apogee Enterprises, Inc. (Nasdaq: APOG) is a leading provider of architectural building products and services, as well as high-performance coated materials used in a variety of applications. Headquartered in Minneapolis, MN, our portfolio of industry-leading products and services includes architectural glass, windows, curtainwall, storefront and entrance systems, integrated project management and installation services, and high-performance coatings that provide protection, innovative design, and enhanced performance. For more information, visit Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The words "believe," "expect," "anticipate," "intend," "estimate," "forecast," "project," "should" and similar expressions are intended to identify "forward-looking statements." These statements reflect Apogee management's expectations or beliefs as of the date of this release. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. These forward-looking statements are subject to significant risks that could cause actual results to differ materially from the expectations reflected in the forward-looking statements. More information concerning potential factors that could affect future financial results is included in the Company's Annual Report on Form 10-K for the fiscal year ended March 1, 2025, and in subsequent filings with the U.S. Securities and Exchange Commission. View source version on Contacts Nicholas ManganaroInvestor Relations857.383.2411apog@ Sign in to access your portfolio
Business Wire
07-08-2025
- Business
- Business Wire
Apogee Enterprises Appoints Two New Business Segment Presidents
MINNEAPOLIS--(BUSINESS WIRE)-- Apogee Enterprises, Inc. (Nasdaq: APOG), a leading provider of architectural building products and services, as well as high-performance coated materials used in a variety of applications, today announced the appointment of two new business segment presidents. The Company announced that effective August 7, 2025, Nick Longman will resign as President of the Architectural Metals Segment. Troy Johnson will take the role of President of the Architectural Metals Segment, replacing Mr. Longman, and Matt Christian will take the role of President of the Architectural Services Segment, succeeding Mr. Johnson. 'Troy and Matt are Apogee veterans and I am excited by the skills and experience they will bring to their new roles,' said Ty R. Silberhorn, Chief Executive Officer. 'Troy is a proven leader with an impressive record of delivering results and creating value. Matt has deep business and industry knowledge, along with transformational leadership skills that will make him a valuable addition to our Services and Executive leadership teams. These appointments reflect our depth and breadth of leadership talent and our organizational development goals of providing growth opportunities and new challenges for our people." Mr. Silberhorn continued, 'On behalf of the leadership team, I want to thank Nick for his many contributions over the last four years and wish him the best in his future endeavors.' Mr. Johnson joined Apogee in 2011 and has served as President of the Architectural Services Segment and as a member of the Executive Committee since 2020. He has more than 25 years of industry experience. Mr. Christian brings 23 years of Apogee experience to his new position, where he most recently served as the Vice President, Products in the Architectural Metals Segment. Prior to that, he spent more than 19 years in the Architectural Services Segment. About Apogee Enterprises, Inc. Apogee Enterprises, Inc. (Nasdaq: APOG) is a leading provider of architectural building products and services, as well as high-performance coated materials used in a variety of applications. Headquartered in Minneapolis, MN, our portfolio of industry-leading products and services includes architectural glass, windows, curtainwall, storefront and entrance systems, integrated project management and installation services, and high-performance coatings that provide protection, innovative design, and enhanced performance. For more information, visit Forward-Looking Statements This press release contains 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. The words 'believe,' 'expect,' 'anticipate,' 'intend,' 'estimate,' 'forecast,' 'project,' 'should' and similar expressions are intended to identify 'forward-looking statements.' These statements reflect Apogee management's expectations or beliefs as of the date of this release. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. These forward-looking statements are subject to significant risks that could cause actual results to differ materially from the expectations reflected in the forward-looking statements. More information concerning potential factors that could affect future financial results is included in the Company's Annual Report on Form 10-K for the fiscal year ended March 1, 2025, and in subsequent filings with the U.S. Securities and Exchange Commission.
Yahoo
01-07-2025
- Business
- Yahoo
Apogee Enterprises Board Announces Quarterly Dividend of $0.26 Per Share
Apogee Enterprises, Inc. (NASDAQ:APOG) is one of the 12 Small Cap Stocks with High Upside Potential. On June 26, Apogee Enterprises Board of Directors declared a quarterly cash dividend of $0.26 per share. The dividend announced by the Board will be payable on July 31, 2025, to shareholders of record at the close of business on July 16, 2025. The company posted strong Q1 FY2026 results, reported on June 27. Apogee's earnings surpassed the consensus of $0.45, posting adjusted earnings of $0.56 per share. An architect standing proud in front of a newly developed real estate asset. In Q1 FY2026, the company posted 4.6% in net sales to $346.6 million, driven by $22 million from the UW Solutions acquisition. The company's sales were also driven by growth in the Glass and Services segments. The company now expects net sales between $1.40 billion and $1.44 billion and adjusted diluted earnings between $3.80 and $4.20 per share. Apogee Enterprises, Inc. (NASDAQ:APOG) offers architectural products and services for enclosing buildings and high-performance glass and acrylic products. While we acknowledge the potential of APOG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.
Yahoo
29-06-2025
- Business
- Yahoo
Apogee Enterprises First Quarter 2026 Earnings: Revenues Beat Expectations, EPS Lags
Revenue: US$346.6m (up 4.6% from 1Q 2025). Net loss: US$2.69m (down by 109% from US$31.0m profit in 1Q 2025). US$0.13 loss per share (down from US$1.42 profit in 1Q 2025). This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue exceeded analyst estimates by 6.3%. Earnings per share (EPS) missed analyst estimates by 15%. Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 5.4% growth forecast for the Building industry in the US. Performance of the American Building industry. The company's shares are up 10% from a week ago. You still need to take note of risks, for example - Apogee Enterprises has 3 warning signs we think you should be aware of. — Investing narratives with Fair Values A case for TSXV:USA to reach USD $5.00 - $9.00 (CAD $7.30–$12.29) by 2029. By Agricola – Community Contributor Fair Value Estimated: CA$12.29 · 0.9% Overvalued DLocal's Future Growth Fueled by 35% Revenue and Profit Margin Boosts By WynnLevi – Community Contributor Fair Value Estimated: $195.39 · 0.9% Overvalued Historically Cheap, but the Margin of Safety Is Still Thin By Mandelman – Community Contributor Fair Value Estimated: SEK232.58 · 0.1% Overvalued View more featured narratives — Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
28-06-2025
- Business
- Yahoo
Apogee Enterprises Inc (APOG) Q1 2026 Earnings Call Highlights: Strategic Growth Amid Tariff ...
Net Sales: Increased 4.6% to $346.6 million, driven by $22 million from the acquisition of UW Solutions. Adjusted EBITDA Margin: Decreased to 9.9%, impacted by higher aluminum costs and tariff expenses. Adjusted Diluted EPS: Declined to $0.56, affected by lower adjusted EBITDA and higher interest and tax expenses. Metals Net Sales: Declined 3.4%, due to a less favorable mix, partially offset by higher volume. Services Net Sales: Increased 7.6%, marking the fifth consecutive quarter of growth, driven by higher volume. Performance Surfaces Net Sales: Increased due to the inorganic contribution from UW Solutions. Net Cash Used in Operating Activities: $19.8 million, compared to $5.5 million provided a year ago. Fiscal '26 Outlook: Raised net sales to $1.40 billion to $1.44 billion and adjusted diluted EPS to $3.80 to $4.20. Tariff Impact on EPS: Estimated unfavorable impact of $0.35 to $0.45, primarily affecting the first half of the fiscal year. Capital Expenditures: Expected between $35 million to $40 million for fiscal '26. Warning! GuruFocus has detected 7 Warning Signs with CNVS. Release Date: June 27, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Apogee Enterprises Inc (NASDAQ:APOG) exceeded expectations for Q1 2026, demonstrating positive momentum through operational actions and a renewed focus on growth. Revenues were stronger than expected, led by significant net sales growth in the Glass and Services segments. The company successfully executed tariff mitigation plans, expecting to substantially mitigate the impact of tariffs in the second half of the fiscal year. Apogee Enterprises Inc (NASDAQ:APOG) raised its fiscal year outlook for both revenue and earnings, driven by improvements in Metals, Glass, and Performance Surfaces segments. The company is actively building a pipeline of strategic M&A opportunities to diversify its business mix and accelerate growth. Adjusted EBITDA margin decreased to 9.9%, primarily due to a less favorable mix and higher aluminum costs in Metals, as well as higher tariff expenses in Services. Adjusted diluted EPS declined to $0.56, impacted by lower adjusted EBITDA, higher interest expense, and a higher adjusted effective tax rate. Metals segment faced a decline in net sales by 3.4% due to a less favorable mix, despite higher volume. The Services segment experienced a decrease in adjusted EBITDA margin to 5.7%, primarily driven by higher tariff expenses. Net cash used in operating activities was $19.8 million, compared to $5.5 million of net cash provided by operating activities a year ago, driven by lower net earnings and increased cash used for working capital. Q: Can you elaborate on the Glass business and the revenue pipeline that seems to be picking up? A: Ty Silberhorn, CEO, explained that the team has improved their opportunity pipeline, focusing on smaller jobs to fill market gaps. This approach, along with productivity improvements, has allowed them to maintain margins. They expect growth in Q3 and Q4 as award rates improve. Q: Regarding segment margin targets, can you speak to your ability to operate within the long-term ranges for different business groups? A: Ty Silberhorn noted that Metals and Services face tariff headwinds, making it challenging to reach the bottom of their target ranges. Glass is expected to stay within its range, albeit at the lower end, while Performance Surfaces is performing well within its range. Q: What is driving the sequential improvement in the Metals segment, and has this continued into June? A: Ty Silberhorn stated that operational improvements and better lead times have driven sequential improvements. Although not fully back to historical service levels, customer confidence is returning, leading to increased sales. Q: Can you provide an update on Project Fortify Phase 2 and any savings realized in the May quarter? A: Matthew Osberg, CFO, mentioned that minimal savings were realized in Q1, with most expected in Q2 following the closure of the Canadian facility. Q: How much of the reduced tariff impact is due to operational shifts versus commodity price changes? A: Matthew Osberg explained that the reduction is due to both operational efficiencies and better management of input costs, allowing them to mitigate some of the anticipated tariff impacts. Q: How is the Services segment managing the impact of tariffs, and are clients accepting cost adjustments mid-project? A: Ty Silberhorn noted that it's difficult to pass on costs for ongoing projects. The team is focusing on productivity improvements and cost savings to manage the impact. Q: Have you adjusted your M&A target multiples in the current environment? A: Ty Silberhorn stated that while M&A activity has slowed due to macroeconomic factors, they continue to focus on strategic targets. Valuations remain reasonable, and strategics may have an advantage over private equity due to interest rate conditions. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
