Apogee Enterprises stock jumps 5% on strong Q2 earnings, raised outlook

MINNEAPOLIS – Apogee (NASDAQ:APOG) Enterprises, Inc. (NASDAQ:APOG) saw its shares jump 5.2% after the architectural products company reported better-than-expected second quarter results and raised its full-year earnings guidance.

The company posted adjusted earnings per share of $1.44 for the quarter, handily beating the analyst consensus estimate of $1.23. Revenue came in at $342.4 million, topping expectations of $335.3 million despite declining 3.2% YoY.

Apogee’s adjusted operating margin improved by 110 basis points to 12.6%, driven by improved pricing, favorable project mix, and lower costs. This helped offset the impact of lower sales volumes.

“Our team achieved another strong quarter of profitability, delivering improved operating margins, adjusted EPS growth, and increased operating cash flow, despite volume pressure,” said CEO Ty R. Silberhorn.

Looking ahead, Apogee raised its fiscal 2025 adjusted EPS guidance to a range of $4.90 to $5.20, up from its previous outlook and above the $4.83 consensus. The company continues to expect full-year revenue to decline 4-7%.

The strong results and optimistic outlook reflect Apogee’s efforts to improve its cost structure and increase higher-margin offerings. The company also recently announced the acquisition of UW Solutions, which it expects to drive long-term growth.

While facing some volume headwinds, Apogee appears well-positioned to continue delivering solid profitability as it executes on its strategic initiatives.

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