Apogee Enterprises, Inc. · NASDAQ:APOG
Apogee Enterprises — Q2 FY2026 Earnings Presentation
18 slides from Apogee Enterprises's earnings presentation, October 2025
Slide 1: Apogee Enterprises, Inc. Fiscal 2026 Second Quarter Earnings Call
Apogee Enterprises, Inc. Nasdaq: APOG Fiscal 2026 Second Quarter Earnings Call October 2025 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 Ty Silberhorn Chief Executive Officer Financial results and outlook Matt Osberg Chief Financial Officer Q&A Brooklyn Health Center, New York Photo courtesy of Terry Wieckert Q2 FY2026 Earnings | October 2025 Apogee Enterprises, Inc. 3
Slide 4: FY2026 Second Quarter Highlights
FY2026 Second Quarter Highlights Net Sales $358.2M • Solid Q2 results with focused efforts on executing our strategy and +4.6% YoY tariff mitigation action plans in what continued to be a dynamic operating environment Adjusted $44.4M • Net sales growth of 4.6% primarily driven by both inorganic and
Slide 5: Q2 FY26 Consolidated Results
Q2 FY26 Consolidated Results $ in millions, except EPS Commentary Q2 FY26 Q2 FY25 Change • Net Sales – Increase driven by $24.9 million of inorganic sales from UW Solutions Net Sales $358.2 $342.4 4.6% acquisition; partially offset by lower volume and price in Architectural Glass and less favorable
Slide 6: Segment Results
Segment Results Second Quarter FY2026 Segment Adjusted Net Sales EBITDA $M Margin* Architectural Metals $140.9 14.8% Year-over-year change (0.3)% (90) bps Architectural Services $100.5 5.0% Year-over-year change 2.5% (250) bps Architectural Glass $72.2 16.1% Year-over-year change (19.9)% (1,070) bps
Slide 7: Cash Flow and Balance Sheet
Cash Flow and Balance Sheet $ in millions Six Months Six Months Ended Ended Commentary 8/30/25 8/31/24 Cash flow from operations $37.3 $64.1 • Change in free cash flow* was primarily driven by lower net Capital expenditures $11.8 $15.7 earnings Free cash flow* $25.5 $48.5 • Returned $11 million to s
Slide 8: FY26 Outlook
FY26 Outlook Q2 FY2026 Earnings | October 2025 Apogee Enterprises, Inc. 8
Slide 9: Estimated Tariff Impact Summary
Estimated Tariff Impact Summary Tariff Summary assumes tariffs in place as of October 9, 2025 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 net sales and adjusted diluted EPS ranges to reflect highly $1.39B - $1.42B competitive pricing market, aluminum cost inflation, and elevated Net sales health insurance costs (previously $1.40B-$1.44B) • Tariffs estimated to reduce full-year adjus
Slide 11: Summary
Summary • Solid Q2 results with sequential improvements in net sales and adjusted diluted EPS • Expect second half net sales and adjusted diluted EPS year-over- year growth driven by Performance Surfaces • Focused on executing our strategies to improve outcomes – Continued execution on Project Forti
Slide 12: Q&A
Q&A Q2 FY2026 Earnings | October 2025 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. Q2 FY2026 Earnings | October 2025 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) Q2 FY2026 Earnings | October 2025 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) Q2 FY2026 Earnings | October 2025 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) Q2 FY2026 Earnings | October 2025 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. Q2 FY2026 Earnings | October 2025 Apogee Enterprises, In