Apogee Reports Strong Q2 Earnings and Revenue Beats, Raises Fiscal Year Guidance
Apogee Enterprises (NASDAQ: APOG) reported second-quarter Non-GAAP earnings per share of $1.17, surpassing estimates by $0.53. The company also generated revenue of $391.1 million, a year-over-year increase of 9.2%, which beat expectations by nearly $40 million. In response to the strong performance, Apogee raised its fiscal 2027 adjusted diluted EPS guidance range from $2.70-$3.25 to $3.00-$3.40, exceeding the current consensus of $2.87. Following the results and updated outlook, shares rose by approximately 2.5% in after-market trading. The company is also pursuing strategic growth through acquisitions, including a deal for GroGlass valued up to €62.5 million.
Tickers: $APOG
Topics: Acquisition Earnings Guidance Update