Apogee Enterprises, Inc. · NASDAQ:APOG
Apogee Enterprises — Q2 FY2027 Earnings Presentation
17 slides from Apogee Enterprises's earnings presentation, October 2026
Slide 1: Apogee Enterprises, Inc. Fiscal 2027 Second Quarter Earnings Call
Apogee Enterprises, Inc. Nasdaq: APOG Fiscal 2027 Second Quarter Earnings Call October 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 Q2 FY2027 Earnings | October 2026 Apogee Enterprises, Inc. 3
Slide 4: FY27 Second Quarter Highlights
FY27 Second Quarter Highlights Net Sales $391.1M • Q2 results exceeded our expectations +9.2% YoY • All segments grew revenue led by Glass, Services, and Performance Surfaces Adjusted $49.5M EBITDA* +11.7% YoY • Adjusted EBITDA* margin improved through disciplined pricing, productivity improvements,
Slide 5: Q2 FY27 Consolidated Results
Q2 FY27 Consolidated Results $ in millions, except EPS Commentary Q2 FY27 Q2 FY26 Change • Net Sales – Increase primarily due to contribution from the Kalwall acquisition, Net Sales $391.1 $358.2 +9.2% price, and favorable mix, partially offset by lower volume Adjusted EBITDA* $49.5 $44.4 +11.7% • A
Slide 6: Segment Results
Segment Results Second Quarter FY27 Segment Adjusted Net Sales EBITDA $M Margin* Architectural Metals $143.5 15.4% Year-over-year change +1.8% +60 bps Architectural Services $108.5 5.8% Year-over-year change +7.9% +80 bps Architectural Glass $87.4 14.9% Year-over-year change +21.1% (120) bps Perform
Slide 7: FY27 Cash Flow and Balance Sheet
FY27 Cash Flow and Balance Sheet $ in millions Six Months Six Months Ended Ended Commentary 08/29/26 08/30/25 Cash flow from operations $43.3 $37.3 • YTD returned ~$27 million to shareholders Capital expenditures ($17.8) ($11.8) • Consolidated Leverage Ratio* of 1.7x (as defined in our Free cash flo
Slide 8: Groglass Acquisition
Groglass Acquisition • Leading European provider of high-performance glass, acrylic, and polycarbonate solutions • Adds a differentiated, value-added business with strong brands and expanded coatings capabilities • Enhances the Performance Surfaces portfolio through cross- selling opportunities and
Slide 9: FY27 Outlook
FY27 Outlook Q2 FY2027 Earnings | October 2026 Apogee Enterprises, Inc. 9
Slide 10: Raising Full-Year Fiscal Outlook
Raising Full-Year Fiscal 27 Outlook Outlook based on current macroeconomic conditions Previous Guidance Current Guidance Net sales $1.38B to $1.43B Net sales $1.46B to $1.50B Adjusted Adjusted $2.70 to $3.25 $3.00 to $3.40 diluted EPS* diluted EPS* • Interest expense of approximately $10 million • K
Slide 11: 2H Directional Commentary
2H Directional Commentary • Net sales and adjusted diluted EPS* to be relatively balanced across the third and fourth quarters • Operating cash flow generation strength to continue *Non-GAAP metric, see reconciliation table Q2 FY2027 Earnings | October 2026 Apogee Enterprises, Inc. 11
Slide 12: Summary
Summary • Q2 results exceeded our expectations • Delivered revenue growth across all segments • Disciplined pricing and productivity drove margin expansion • Acquired Groglass, strengthening our portfolio and expanding our presence in attractive end markets • Raised fiscal 2027 guidance 609 Main| Ho
Slide 13: Q&A
Q&A Q2 FY2027 Earnings | October 2026 Apogee Enterprises, Inc. 13
Slide 14: 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 15: 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 FY2027 Earnings | October 2026 Apogee
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 FY2027 Earnings | October 2026 Apogee Enterprises, Inc. 16
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) Q2 FY2027 Earnings | October 2026 Apogee Enterprises, Inc. 17