Apogee Enterprises, Inc. · NASDAQ:APOG
Apogee Enterprises — Q3 2026 Earnings Presentation
18 slides from Apogee Enterprises's earnings presentation, Jan 7, 2026
Slide 1: Apogee Enterprises, Inc. Fiscal 2026 Third Quarter Earnings Call
Apogee Enterprises, Inc. Nasdaq: APOG Fiscal 2026 Third Quarter Earnings Call January 2026 University of Washington, NanoES – Seattle © Aaron Leitz Photography; courtesy of ZGF
Slide 2: Non-GAAP Measures & Forward-Looking Statements
Non-GAAP Measures & Forward-Looking Statements This presentation contains measures of financial performance that are not defined by U.S. GAAP. We believe that these measures provide useful information and include these measures in other communications to investors. For each of these non-GAAP financi
Slide 3: Agenda
Agenda Introductory remarks Don Nolan Chief Executive Officer Financial results and outlook Mark Augdahl Interim Chief Financial Officer Q&A Brooklyn Health Center, New York Photo courtesy of Terry Wieckert Q3 FY2026 Earnings | January 2026 Apogee Enterprises, Inc. 3
Slide 4: FY2026 Third Quarter Highlights
FY2026 Third Quarter Highlights Net Sales $348.6M • Q3 results in-line with our expectations despite a challenging and +2.1% YoY dynamic operating environment • Performance Surfaces drove majority of 2.1% net sales growth, supported by inorganic contributions from the UW Solutions Adjusted $46.1M EB
Slide 5: Q3 FY26 Consolidated Results
Q3 FY26 Consolidated Results $ in millions, except EPS Commentary Q3 FY26 Q3 FY25 Change • Net Sales – Increase primarily driven by $18.4 million of inorganic sales from UW Net Sales $348.6 $341.3 +2.1% Solutions acquisition and favorable product mix; partially offset by lower volume Adjusted EBITDA
Slide 6: Segment Results
Segment Results Third Quarter FY2026 Segment Adjusted Net Sales EBITDA $M Margin* Architectural Metals $124.4 13.5% Year-over-year change (9.9)% +80 bps Architectural Services $105.2 9.7% Year-over-year change +0.2% +20 bps Architectural Glass $70.9 16.3% Year-over-year change +0.9% (250) bps Perfor
Slide 7: Cash Flow and Balance Sheet
Cash Flow and Balance Sheet $ in millions Nine Months Nine Months Ended Ended Commentary 11/29/25 11/30/24 Cash flow from operations $66.6 $95.1 • YTD change in free cash flow* was primarily driven by lower Capital expenditures $18.3 $24.7 net earnings Free cash flow* $48.3 $70.4 • YTD returned ~$17
Slide 8: FY26 Outlook
FY26 Outlook Q3 FY2026 Earnings | January 2026 Apogee Enterprises, Inc. 8
Slide 9: Estimated Tariff Impact Summary
Estimated Tariff Impact Summary Tariff Summary assumes tariffs in place as of January 7, 2026 DIRECT INDIRECT • Tariffs incurred directly by the company to deliver products to customers • Raw material cost inflation, primarily aluminum • Primarily tariffs on aluminum products imported from Canada •
Slide 10: Full-Year FY26 Outlook
Full-Year FY26 Outlook Additional details • Updating estimates for net sales and adjusted diluted EPS to reflect ~$1.39B highly competitive pricing market and aluminum cost inflation Net sales (previously $1.39B-$1.42B) • Project Fortify Phase 2 expanded from $13 million to $15 million to now $25 mi
Slide 11: Summary
Summary • Q3 results in-line with our expectations despite a challenging and dynamic operating environment • Project Fortify Phase 2 expanded to deliver between $25 million to $26 million in annualized pre-tax cost savings • Continuing to prioritize operational excellence and productivity gains thro
Slide 12: Q&A
Q&A Q3 FY2026 Earnings | January 2026 Apogee Enterprises, Inc. 12
Slide 13: Non-GAAP Financial Measures
Non-GAAP Financial Measures • Adjusted net earnings, adjusted diluted EPS, and adjusted EBITDA are used by the Company to provide meaningful supplemental information about its operating performance by excluding amounts that are not considered part of core operating results to enhance comparability o
Slide 14: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures Adjusted net earnings and adjusted diluted earnings per share (Unaudited) Note: Per share amounts are computed independently for each of the items presented so the sum of the items may not equal the total amount. Q3 FY2026 Earnings | January 2026 Apogee
Slide 15: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures EBITDA, Adjusted EBITDA, and Adjusted EBITDA Margin (Earnings before interest, taxes, depreciation, and amortization) (Unaudited) Q3 FY2026 Earnings | January 2026 Apogee Enterprises, Inc. 15
Slide 16: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures EBITDA, Adjusted EBITDA, and Adjusted EBITDA Margin (Earnings before interest, taxes, depreciation, and amortization) (Unaudited) Q3 FY2026 Earnings | January 2026 Apogee Enterprises, Inc. 16
Slide 17: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures Reconciliation from Adjusted Operating Income to Adjusted EBITDA (Earnings before interest, taxes, depreciation, and amortization)(Unaudited) Q3 FY2026 Earnings | January 2026 Apogee Enterprises, Inc. 17
Slide 18: Reconciliation of F26 Outlook Adjusted Diluted EPS
Reconciliation of F26 Outlook Adjusted Diluted EPS Adjusted diluted earnings per share (EPS) (Unaudited) Note: Per share amounts are computed independently for each of the items presented so the sum of the items may not equal the total amount. Q3 FY2026 Earnings | January 2026 Apogee Enterprises, In