Apogee Enterprises, Inc. · NASDAQ:APOG
Apogee Enterprises — Q1 2027 Earnings Presentation
17 slides from Apogee Enterprises's earnings presentation, Jun 26, 2026
Slide 1: Apogee Enterprises, Inc. Fiscal 2027 First Quarter Earnings Call
Apogee Enterprises, Inc. Nasdaq: APOG Fiscal 2027 First Quarter Earnings Call June 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 Chief Financial Officer Q&A Brooklyn Health Center, New York Photo courtesy of Terry Wieckert Q1 FY2027 Earnings | June 2026 Apogee Enterprises, Inc. 3
Slide 4: FY27 First Quarter Highlights
FY27 First Quarter Highlights Net Sales $342.7M • Q1 results exceeded expectations (1.1%) YoY • Performance Surfaces sustained net sales momentum; Architectural Services achieved ninth consecutive growth quarter Adjusted $32.1M EBITDA* (6.6%) YoY • Adjusted EBITDA* margin aided by Project Fortify Ph
Slide 5: Q1 FY27 Consolidated Results
Q1 FY27 Consolidated Results $ in millions, except EPS Commentary Q1 FY27 Q1 FY26 Change • Net Sales – Decrease primarily due to lower volume, partially offset by favorable Net Sales $342.7 $346.6 (1.1%) pricing as we pass on higher material and freight costs, and mix Adjusted EBITDA* $32.1 $34.4 (6
Slide 6: Segment Results
Segment Results First Quarter FY27 Segment Adjusted Net Sales EBITDA $M Margin* Architectural Metals $122.4 11.2% Year-over-year change (4.8%) +390 bps Architectural Services $115.2 5.3% Year-over-year change +8.2% (40) bps Architectural Glass $67.7 8.7% Year-over-year change (7.6%) (960) bps Perfor
Slide 7: FY27 Cash Flow and Balance Sheet
FY27 Cash Flow and Balance Sheet $ in millions Three Months Three Months Ended Ended Commentary 05/30/26 05/31/25 Cash flow from operations $7.4 ($19.8) • Free cash flow improvement driven by higher earnings and Capital expenditures ($6.3) ($7.2) lower incentive payout Free cash flow* $1.1 ($27.0) •
Slide 8: FY27 Outlook
FY27 Outlook Q1 FY2027 Earnings | June 2026 Apogee Enterprises, Inc. 8
Slide 9: Reaffirming Full-Year Fiscal Outlook
Reaffirming Full-Year Fiscal 27 Outlook Outlook based on current macroeconomic conditions Including Kalwall Excluding Kalwall (Assuming early July closing) Net sales $1.38B to $1.43B Net sales $1.43B to $1.48B Adjusted Adjusted $2.70 to $3.25 $2.70 to $3.25 diluted EPS* diluted EPS* • Interest expen
Slide 10: Q2 Directional Year-Over-Year Expectation Commentary
Q2 Directional Year-Over-Year Expectation Commentary • Net sales to be slightly lower • Adjusted diluted EPS* down • Operating cash flow generation strength to continue *Non-GAAP metric, see reconciliation table Q1 FY2027 Earnings | June 2026 Apogee Enterprises, Inc. 10
Slide 11: Acquisition Aligned with Strategic Framework
Acquisition Aligned with Strategic Framework Leading provider of high-performance Kalwall Companies translucent daylighting solutions Advances Apogee’s strategy by adding a differentiated business with leading brands in attractive end-markets Highly complementary to Architectural Glass with cr
Slide 12: Transaction Details
Transaction Details Purchase price of up to $115 million on a cash-free, debt free basis, subject to customary closing conditions Price consists of $105 million cash at close and up to $10 million of cash earnout subject to financial performance through the end of the Company’s fiscal 2027 third
Slide 13: Summary
Summary • Q1 results exceeded our expectations • Sustained growth momentum in Architectural Services and Performance Surfaces • Project Fortify Phase 2 enhanced margins and reduced direct tariff costs • Balance sheet strength supports strategic M&A flexibility • Reaffirmed fiscal 2027 guidance 609 M
Slide 14: Q&A
Q&A Q1 FY2027 Earnings | June 2026 Apogee Enterprises, Inc. 14
Slide 15: 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 16: 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. Q1 FY2027 Earnings | June 2026 Apogee Ent
Slide 17: 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) Q1 FY2027 Earnings | June 2026 Apogee Enterprises, Inc. 17