Slide 1: Apogee Enterprises, Inc. Fiscal 2026 Fourth Quarter Earnings Call
Apogee Enterprises, Inc. Nasdaq: APOG Fiscal 2026 Fourth Quarter Earnings Call April 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 Q4 FY2026 Earnings | April 2026 Apogee Enterprises, Inc. 3
Slide 4: FY2026 Fourth Quarter Highlights
FY2026 Fourth Quarter Highlights Net Sales $351.4M • Q4 results ahead of our expectations, driven by disciplined execution +1.6% YoY and a continued focus on serving customers in a dynamic operating environment Adjusted $42.4M • Net sales expanded in Performance Surfaces, and Architectural Services
Slide 5: Q4 FY26 Consolidated Results
Q4 FY26 Consolidated Results $ in millions, except EPS Commentary Q4 FY26 Q4 FY25 Change • Net Sales – Increase primarily driven by favorable price and mix, partially offset Net Sales $351.4 $345.7 +1.6% by lower volume Adjusted EBITDA* $42.4 $41.1 +3.2% • Adjusted EBITDA Margin – Increase reflects
Slide 6: FY26 Full-Year Consolidated Results
FY26 Full-Year Consolidated Results $ in millions, except EPS Commentary FY26 FY25 Change • Net Sales – Increase primarily driven by $65.3 million of inorganic sales from UW Net Sales $1,404.7 $1,361.0 +3.2% Solutions acquisition; partially offset by lower volume Adjusted EBITDA* $167.3 $192.7 (13.2
Slide 7: Segment Results
Segment Results Fourth Quarter FY2026 Full Year FY2026 Segment Adjusted Segment Adjusted Net Sales EBITDA Net Sales EBITDA $M Margin* $M Margin* Architectural Metals $110.0 6.5% Architectural Metals $504.0 10.7% Year-over-year change (1.9%) +20 bps Year-over-year change (3.9%) (280) bps Architectura
Slide 8: FY26 Cash Flow and Balance Sheet
FY26 Cash Flow and Balance Sheet $ in millions FY26 FY25 Commentary Cash flow from operations $122.5 $125.2 • Free cash flow improvement driven by timing of working Capital expenditures $27.3 $35.6 capital Free cash flow* $95.2 $89.6 • Maintained disciplined capital allocation priorities Share repur
Slide 9: FY27 Outlook
FY27 Outlook Q4 FY2026 Earnings | April 2026 Apogee Enterprises, Inc. 9
Slide 10: Full-Year Fiscal 27 Outlook
Full-Year Fiscal 27 Outlook Additional Details • Outlook based on current macroeconomic conditions Net sales $1.38B to $1.43B • Interest expense of approximately $10 million • Adjusted effective tax rate** of 26% to 27% • CapEx between $25 million to $30 million Adjusted $2.70 to $3.25 diluted EPS*
Slide 11: Q1 Directional Expectation Commentary
Q1 Directional Expectation Commentary • Net sales to be slightly lower and adjusted diluted EPS down, both on a year-over-year basis • Operating cash flow generation to start the year strong, reflecting disciplined execution and working capital management *Non-GAAP metric, see reconciliation table Q
Slide 12: Summary
Summary • Q4 results exceeded our expectations amid a continued challenging operating environment • Project Fortify Phase 2 delivered ~$26 million in annualized pre-tax cost savings and is substantially complete • Apogee Management System continues to drive meaningful productivity and safety improve
Slide 13: Q&A
Q&A Q4 FY2026 Earnings | April 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 Adjusted net earnings and adjusted diluted EPS
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. Q4 FY2026 Earnings | April 2026 Apogee En
Slide 16: Reconciliation of EBITDA, Adjusted EBITDA, and Adjusted EBITDA Margin
Reconciliation of Non-GAAP Financial Measures EBITDA, Adjusted EBITDA, and Adjusted EBITDA Margin (Earnings before interest, taxes, depreciation, and amortization) (Unaudited) Q4 FY2026 Earnings | April 2026 Apogee Enterprises, Inc. 16
Slide 17: Reconciliation of EBITDA, Adjusted EBITDA, and Adjusted EBITDA Margin
Reconciliation of Non-GAAP Financial Measures EBITDA, Adjusted EBITDA, and Adjusted EBITDA Margin (Earnings before interest, taxes, depreciation, and amortization) (Unaudited) Q4 FY2026 Earnings | April 2026 Apogee Enterprises, Inc. 17
Slide 18: Reconciliation of EBITDA, Adjusted EBITDA, and Adjusted EBITDA Margin
Reconciliation of Non-GAAP Financial Measures EBITDA, Adjusted EBITDA, and Adjusted EBITDA Margin (Earnings before interest, taxes, depreciation, and amortization) (Unaudited) Q4 FY2026 Earnings | April 2026 Apogee Enterprises, Inc. 18
Slide 19: Reconciliation of EBITDA, Adjusted EBITDA, and Adjusted EBITDA Margin
Reconciliation of Non-GAAP Financial Measures EBITDA, Adjusted EBITDA, and Adjusted EBITDA Margin (Earnings before interest, taxes, depreciation, and amortization) (Unaudited) Q4 FY2026 Earnings | April 2026 Apogee Enterprises, Inc. 19
Slide 20: Reconciliation from Adjusted Operating Income to Adjusted EBITDA
Reconciliation of Non-GAAP Financial Measures Reconciliation from Adjusted Operating Income to Adjusted EBITDA (Earnings before interest, taxes, depreciation, and amortization)(Unaudited) Q4 FY2026 Earnings | April 2026 Apogee Enterprises, Inc. 20
Slide 21: Reconciliation from Adjusted Operating Income to Adjusted EBITDA
Reconciliation of Non-GAAP Financial Measures Reconciliation from Adjusted Operating Income to Adjusted EBITDA (Earnings before interest, taxes, depreciation, and amortization)(Unaudited) Q4 FY2026 Earnings | April 2026 Apogee Enterprises, Inc. 21