Our first quarter results exceeded our expectations, demonstrating that we are building positive momentum through our operational actions and renewed focus on growth.
— Ty R. Silberhorn
03Detailed Report
APOG
Apogee Enterprises Inc
Period
Q1 2026
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedMay 29, 2026
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Executive Summary
Apogee Enterprises Inc (APOG) reported its fiscal Q1 2026 results on May 31, 2025, showcasing revenues of $346.6 million, a 4.6% increase driven by acquisitions, particularly from the UW Solutions acquisition. However, the company faced headwinds due to higher tariffs leading to a net income loss of $2.69 million. Management highlighted growing momentum in core segments and made strategic adjustments to counteract tariff impacts, raising their revenue and EPS outlook for the year. CEO Ty Silberhorn stated, Γ’β¬Λour first quarter results exceeded our expectations, demonstrating that we are building positive momentum through our operational actions and renewed focus on growth.Γ’β¬β’
Key Performance Indicators
Revenue
Increasing
346.62M
QoQ: 0.27% | YoY: 4.56%
Gross Profit
Decreasing
75.13M
21.67% margin
QoQ: 0.75% | YoY: -24.00%
Operating Income
Decreasing
6.93M
QoQ: 12.97% | YoY: -83.69%
Net Income
Decreasing
-2.69M
QoQ: -208.13% | YoY: -108.67%
EPS
Decreasing
-0.13
QoQ: -208.33% | YoY: -109.15%
Revenue Trend
Margin Analysis
Financial Highlights
Revenue Performance: Q1 2026 revenue reached $346.6 million, up 4.6% YoY, primarily due to the inorganic contribution of $22 million from UW Solutions. However, the Metals segment saw a 3.4% decline in sales due to unfavorable mix effects and tariff impacts.
Profitability Metrics: Gross profit margin decreased to 21.7%, with net income at a loss of $2.69 million (-0.77% margin). Adjusted EBITDA margin improved slightly to 9.9% despite these challenges.
Cash Flow Statement: The net cash used in operating activities stood at -$19.8 million, reflecting a significant decrease from a positive cash flow in the prior year, mainly due to increased working capital requirements. Free cash flow was notably negative at -$26.9 million.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
346.62M
4.56%
0.27%
Gross Profit
75.13M
-24.00%
0.75%
Operating Income
6.93M
-83.69%
12.97%
Net Income
-2.69M
-108.67%
-208.13%
EPS
-0.13
-109.15%
-208.33%
Key Financial Ratios
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