Apogee Enterprises reports higher operating income in Q1 fiscal 2027

• Apogee Enterprises (NASDAQ:APOG) posted first quarter fiscal 2027 net sales of $342.7 million, down 1.1% year over year.
• Operating income rose to $18.8 million from $6.9 million last year, with operating margin expanding 350 basis points to 5.5%.
• The company continued to benefit from Project Fortify 2 cost savings while navigating lower volume and higher material costs.

Apogee Enterprises (NASDAQ:APOG) reported net sales of $342.7 million for the first quarter of fiscal 2027 ended May 30, 2026, a decrease of 1.1% from the prior-year period.

The decline was driven by lower volume, partially offset by favorable pricing and mix.

Gross margin improved 20 basis points to 21.9%, primarily due to pricing actions, productivity improvements, including savings from Project Fortify 2, and favorable mix.

Selling, general and administrative expenses as a percentage of net sales decreased 330 basis points to 16.4%, reflecting benefits from Project Fortify 2 cost savings.

Operating income increased to $18.8 million from $6.9 million in the prior-year quarter, with operating margin expanding 350 basis points to 5.5%.

Adjusted EBITDA was $32.1 million with a margin of 9.4%, compared with $34.4 million and 9.9% in the prior-year period.

Apogee Enterprises is a leading provider of architectural building products and services as well as high-performance coated materials used across various industries.

The company continues to execute on its Project Fortify 2 cost savings initiatives while managing through volume pressures and raw material cost challenges.