Financial Data and Key Metrics Changes - Net sales increased by 4.6% to $358.2 million, driven by $24.9 million of inorganic sales from the acquisition of UW Solutions [8][10] - Adjusted EBITDA margin decreased to 12.4%, primarily due to lower price and volume, unfavorable mix, and higher material, tariff, and health insurance costs [8][10] - Adjusted diluted EPS declined to $0.98, mainly driven by lower adjusted EBITDA and higher interest expense [8][10] Business Line Data and Key Metrics Changes - Performance Services net sales increased by 18.6% organically, primarily from improved retail channel distribution [9] - Metals segment net sales declined slightly, reflecting a less favorable mix, despite higher volume and price [9] - Glass segment net sales declined, with adjusted EBITDA margin moderating due to reduced volume and price from lower end-market demand [9][10] Market Data and Key Metrics Changes - The competitive environment for glass has not improved, leading to lower expectations for glass volume and price [4][10] - Aluminum costs increased by approximately 20% during the second quarter, impacting pricing and volume in the Metals segment [14][36] Company Strategy and Development Direction - The company is focused on driving year-over-year net sales and adjusted EPS growth, primarily through Performance Services [5][16] - Strategic actions include tariff mitigation efforts and Project Fortify II to enhance organizational agility [7][16] - The company is actively pursuing M&A opportunities that align with strategic and financial objectives [7][16] Management's Comments on Operating Environment and Future Outlook - Management expressed disappointment over lowered expectations but remains optimistic about year-over-year growth in the second half of the fiscal year [5][15] - The company anticipates challenges in glass and metals due to competitive pricing pressures and rising aluminum costs [14][36] - Despite macroeconomic challenges, management is confident in the company's strong cash flow and balance sheet for future success [15][16] Other Important Information - The updated outlook for fiscal 2026 includes net sales in the range of $1.39 billion to $1.42 billion and adjusted diluted EPS in the range of $3.60 to $3.90 [10][11] - The One Big Beautiful Bill Act is expected to provide a cash tax benefit primarily impacting fiscal 2026 [11] Q&A Session Summary Question: Can you expand on the organic growth in Performance Services? - Management noted strong growth in UW Solutions, particularly due to regained distribution and cross-selling opportunities [21][23] Question: What is driving the increase in services backlog? - The backlog growth was attributed to projects in the Northeast and efforts to expand into new markets [25][26] Question: What are the expectations for the glass segment's margins? - Management expects mid-teens EBITDA margins for the glass segment despite competitive pressures [32][33] Question: How is the metals segment impacted by cost pressures? - The increase in aluminum costs is the main driver of pressure in the metals segment, affecting pricing and volume [36][39] Question: What is the outlook for Performance Services' flooring mix? - The flooring segment is expected to grow and now represents over half of the UW portfolio [41]

Financial Data and Key Metrics Changes - Net sales increased by 4.6% to $358.2 million, driven by $24.9 million of inorganic sales from the acquisition of UW Solutions [9][11] - Adjusted EBITDA margin decreased to 12.4%, primarily due to lower price and volume, unfavorable mix, and higher material, tariff, and health insurance costs [9][11] - Adjusted diluted EPS declined to $0.98, primarily driven by lower adjusted EBITDA and higher interest expense [9][11] Business Line Data and Key Metrics Changes - Performance Services net sales increased, driven by inorganic sales from UW Solutions and strong organic growth of 18.6% [10][11] - Architectural Services recorded net sales growth and a sequential backlog increase of over $100 million [4][10] - Glass segment net sales declined, with adjusted EBITDA margin moderating due to reduced volume and price from lower end-market demand [10][11] - Metals segment net sales declined slightly, reflecting a less favorable mix, partially offset by higher volume and price [10][11] Market Data and Key Metrics Changes - The competitive environment for glass has not improved, leading to lowered expectations for glass volume and price [5][12] - Higher aluminum costs are expected to pressure pricing and volume in the Metals segment [5][12] - Bid activity for glass business remains up versus last year, but price pressures are impacting volume [5][12] Company Strategy and Development Direction - The company is focused on acquisitions that fit strategic and financial objectives, aiming to add differentiated products and expand geographic reach [7][8] - Project Fortify II actions and tariff mitigation efforts are in place to enhance organizational agility [6][7] - The company aims to drive year-over-year net sales and adjusted EPS growth in the second half of the fiscal year, primarily through Performance Services [6][12] Management's Comments on Operating Environment and Future Outlook - Management expressed disappointment over changes impacting guidance but remains optimistic about year-over-year growth in the second half [5][6] - The company is navigating a challenging macroeconomic environment while building a stronger foundation for future growth [6][17] - Management highlighted the importance of maintaining premium product pricing to protect margins despite competitive pressures [34][35] Other Important Information - The One Big Beautiful Bill Act is expected to provide a cash tax benefit primarily impacting fiscal 2026 [12] - The company has a consolidated leverage ratio of 1.5 and no near-term debt maturities, providing flexibility for future opportunities [11] Q&A Session Summary Question: Can you expand on the organic growth in Performance Services? - The strongest growth was seen in UW Solutions, regaining distribution and leveraging cross-selling opportunities [22][23] Question: What is driving the growth in the flooring side of the business? - Demand for flooring products is driven by automation in distribution centers, with significant interest from a global e-commerce retailer [24][25] Question: What is the reason for the increase in services backlog? - The backlog growth was driven by projects in the Northeast and efforts to expand into new markets [26][27] Question: What are the expectations for glass margins in the next two quarters? - Management expects mid-teens EBITDA margins despite competitive pressures [32][33] Question: How much of the lowered guide for metals is due to cost pressure? - The pressure is mainly from higher aluminum costs, impacting pricing and volume [36][37] Question: What is the realistic downside for FY2026 if market conditions worsen? - Continued upward cost pressure on aluminum could impact the EPS guidance range of $3.60 to $3.90 [50][51] Question: How sensitive is the surfaces segment to a potential slowdown? - Any significant slowdown is more likely to impact Q1 rather than Q3, with visibility into retail demand remaining stable [52][53]

Financial Performance - Apogee Enterprises, Inc's Q2 FY26 net sales reached $358.2 million, a 4.6% year-over-year increase[11, 12, 13] - Adjusted EBITDA for Q2 FY26 was $44.4 million, a 16.4% decrease year-over-year[12, 13] - The adjusted EBITDA margin for Q2 FY26 was 12.4%, a 310 bps decrease year-over-year[12, 13] - Adjusted diluted EPS for Q2 FY26 was $0.98, a 31.9% decrease year-over-year[12, 13] Segment Results - Architectural Metals net sales were $140.9 million, a 0.3% decrease year-over-year, with an adjusted EBITDA margin of 14.8%, a 90 bps decrease[20, 23] - Architectural Services net sales were $100.5 million, a 2.5% increase year-over-year, with an adjusted EBITDA margin of 5.0%, a 250 bps decrease[20, 23] - Architectural Glass net sales were $72.2 million, a 19.9% decrease year-over-year, with an adjusted EBITDA margin of 16.1%, a 1070 bps decrease[20, 23] - Performance Surfaces net sales were $48.4 million, a 144.0% increase year-over-year, with an adjusted EBITDA margin of 23.2%, a 10 bps increase[20, 23] Cash Flow and Balance Sheet - Free cash flow for the six months ended August 30, 2025, was $25.5 million, compared to $48.5 million for the same period in the previous year[24] - Total debt as of August 30, 2025, was $270.0 million[24] - Net debt as of August 30, 2025, was $230.5 million[24] FY26 Outlook - The company estimates tariffs to reduce full-year adjusted diluted EPS by $0.35 to $0.45[33, 42] - The updated full-year FY26 net sales outlook is $1.39 billion to $1.42 billion[38] - The updated full-year FY26 adjusted diluted EPS outlook is $3.60 to $3.90[38]

Core Points - Apogee Enterprises, Inc. has declared a quarterly cash dividend of $0.26 per share [1] - The dividend is scheduled to be payable on November 13, 2025, to shareholders of record as of October 29, 2025 [1] - Apogee Enterprises, Inc. is recognized as a leading provider of architectural building products and services, along with high-performance coated materials [1]

Company Performance - Apogee Enterprises Inc. reported better-than-expected second-quarter financial results, with shares gaining 1.4% to $42.00 in after-hours trading [2] - Levi Strauss & Co. reported third-quarter earnings of 34 cents per share, exceeding the analyst consensus estimate of 31 cents per share, and quarterly sales of $1.543 billion, surpassing the estimate of $1.501 billion; however, shares fell 7.7% to $22.65 in after-hours trading [2] - VolitionRX Ltd. announced a public offering of common stock and common stock warrants, leading to a 20% dip in shares to $0.48 in after-hours trading [2] - USANA Health Sciences Inc. reported preliminary third-quarter results with an adjusted loss of 15 cents per share and sales of $214.00 million, resulting in an 11.4% decline in shares to $23.26 in after-hours trading [2] - Nurix Therapeutics Inc. reported worse-than-expected third-quarter financial results, causing shares to fall 5.7% to $10.24 in after-hours trading [2]

[Executive Summary & Highlights](index=1&type=section&id=Executive%20Summary%20%26%20Highlights) Apogee reported **solid Q2 FY26 results** with **4.6% net sales increase to $358.2 million**, despite profitability declines [Second Quarter Fiscal 2026 Overview](index=1&type=section&id=Second%20Quarter%20Fiscal%202026%20Overview) Apogee Enterprises reported solid second-quarter fiscal 2026 results with a 4.6% increase in net sales, reaching $358.2 million, though net earnings and diluted EPS decreased | Metric | August 30, 2025 ($ in thousands) | August 31, 2024 ($ in thousands) | % Change | | :-------------------------- | :------------------------------- | :------------------------------- | :------- | | Net sales | $358,194 | $342,440 | 4.6% | | Net earnings | $23,649 | $30,566 | (22.6)% | | Diluted earnings per share | $1.10 | $1.40 | (21.4)% | | Adjusted EBITDA | $44,368 | $53,122 | (16.5)% | | Adjusted EBITDA margin | 12.4 % | 15.5 % | | | Adjusted diluted earnings per share | $0.98 | $1.44 | (31.9)% | [CEO Commentary](index=1&type=section&id=CEO%20Commentary) CEO Ty R. Silberhorn highlighted solid Q2 results driven by revenue growth in Performance Surfaces and Architectural Services, emphasizing continued strategic execution and tariff mitigation - **Solid second quarter results** led by revenue growth in Performance Surfaces and Architectural Services[2](index=2&type=chunk) - Continued focus on executing strategy and tariff mitigation plans in a dynamic operating environment[2](index=2&type=chunk) - Growth potential unlocked by UW Solutions acquisition, combined with structural cost savings and operational efficiencies from Project Fortify Phase 2, will enhance ability to deliver sustained long-term value[2](index=2&type=chunk) [Key Financial Highlights](index=1&type=section&id=Key%20Financial%20Highlights) The company reported a 4.6% increase in net sales to $358 million, with EBITDA and adjusted EBITDA margins at 12.4%, and updated its fiscal 2026 outlook - Net sales increased **4.6%** to **$358 million**[3](index=3&type=chunk) - EBITDA margin and adjusted EBITDA margin of **12.4%**[3](index=3&type=chunk) - Diluted earnings per share of **$1.10** and adjusted diluted earnings per share of **$0.98**[3](index=3&type=chunk) - Updates outlook for net sales and adjusted diluted EPS[3](index=3&type=chunk) [Consolidated Financial Results](index=2&type=section&id=Consolidated%20Financial%20Results) This section details the company's Q2 FY26 consolidated financial performance, including sales, profitability, cash flow, debt, and updated fiscal year 2026 outlook [Second Quarter Fiscal 2026 Performance](index=2&type=section&id=Second%20Quarter%20Fiscal%202026%20Performance) Consolidated net sales increased by 4.6% to $358.2 million, primarily due to the UW Solutions acquisition and higher volume in Architectural Services, partially offset by declines in Architectural Glass and unfavorable mix in Architectural Metals - Consolidated net sales increased **4.6%** to **$358.2 million**, driven by **$24.9 million** inorganic sales from UW Solutions acquisition and higher volume in Architectural Services, offset by lower volume/price in Architectural Glass and **unfavorable mix** in Architectural Metals[8](index=8&type=chunk) - Gross margin decreased to **23.1%** (from **28.4%**) due to lower price/volume, **unfavorable mix**, and higher material, tariff, and health insurance costs, partially offset by lower incentive compensation[8](index=8&type=chunk) - Operating income declined to **$26.9 million** from **$42.0 million** (**35.9% decrease**), and operating margin decreased **480 basis points** to **7.5%**[8](index=8&type=chunk) - Adjusted EBITDA decreased to **$44.4 million** (from **$53.1 million**), and adjusted EBITDA margin decreased to **12.4%** (from **15.5%**), primarily due to lower price/volume, **unfavorable mix**, and higher material, tariff, and health insurance costs[8](index=8&type=chunk) - Interest expense increased to **$4.1 million** due to higher debt from the UW Solutions acquisition[8](index=8&type=chunk) - Other income was **$5.1 million**, primarily from a **$4.6 million** gain related to a New Market Tax Credit[8](index=8&type=chunk) - Income tax expense as a percentage of earnings before income tax was **15.4%** (compared to **25.7%**), primarily due to a decrease in tax expense for discrete items[8](index=8&type=chunk) [Financial Condition](index=3&type=section&id=Financial%20Condition) Net cash provided by operating activities in Q2 FY26 was $57.1 million, a slight decrease from the prior year, with year-to-date operating cash flow decreasing significantly due to lower net earnings and increased working capital usage | Metric | Q2 FY26 ($M) | Q2 FY25 ($M) | YTD FY26 ($M) | YTD FY25 ($M) | | :-------------------------------- | :----------- | :----------- | :------------ | :------------ | | Net cash provided by operating activities | $57.1M | $58.7M | $37.3M | $64.1M | - Year-to-date change in operating cash flow primarily driven by **lower net earnings** and an increase in cash used for working capital, including a **$13.7 million** arbitration award settlement[12](index=12&type=chunk) - Net cash used in investing activities was **$10.9 million**, primarily for capital expenditures[12](index=12&type=chunk) - Returned **$11 million** of cash to shareholders through dividend payments[12](index=12&type=chunk) - Quarter-end long-term debt decreased **$41 million** from Q1 to **$270 million**, reducing the **Consolidated Leverage Ratio** to **1.5x**[12](index=12&type=chunk) [Fiscal Year 2026 Outlook](index=3&type=section&id=Fiscal%20Year%202026%20Outlook) Apogee updated its fiscal 2026 outlook, projecting net sales between $1.39 billion and $1.42 billion, with adjusted diluted EPS between $3.60 and $3.90, including tariff impacts | Metric | Low Range (FY26 Outlook) | High Range (FY26 Outlook) | | :-------------------------- | :----------------------- | :------------------------ | | Net sales | $1.39 billion | $1.42 billion | | Diluted EPS | $2.79 | $3.19 | | Adjusted diluted EPS | $3.60 | $3.90 | - Projected unfavorable EPS impact from tariffs of **$0.35 to $0.45**[14](index=14&type=chunk) - Assumes an effective tax rate of approximately **27%**[14](index=14&type=chunk) - Continues to assume capital expenditures between **$35 million to $40 million**[14](index=14&type=chunk) [Segment Results (Second Quarter Fiscal 2026 Compared to Second Quarter Fiscal 2025)](index=2&type=section&id=Segment%20Results) This section provides a comparative analysis of net sales and adjusted EBITDA for each business segment in Q2 FY26 versus Q2 FY25 [Architectural Metals](index=2&type=section&id=Architectural%20Metals) Architectural Metals net sales slightly decreased to $140.9 million, with adjusted EBITDA declining to $20.8 million (14.8% of net sales) due to unfavorable mix and higher costs | Metric | Q2 FY26 ($M) | Q2 FY25 ($M) | % Change | | :-------------------- | :----------- | :----------- | :------- | | Net sales | $140.9M | $141.4M | (0.3)% | | Adjusted EBITDA | $20.8M | $22.2M | (6.3)% | | Adjusted EBITDA margin | 14.8% | 15.7% | | - Lower adjusted EBITDA margin primarily driven by **unfavorable mix** and **higher material and tariff costs**, partially offset by **lower incentive compensation expense**[5](index=5&type=chunk) [Architectural Services](index=2&type=section&id=Architectural%20Services) Architectural Services net sales increased to $100.5 million due to higher volume, but adjusted EBITDA decreased to $5.0 million (5.0% of net sales) primarily due to project mix | Metric | Q2 FY26 ($M) | Q2 FY25 ($M) | % Change | | :-------------------- | :----------- | :----------- | :------- | | Net sales | $100.5M | $98.0M | 2.5% | | Adjusted EBITDA | $5.0M | $7.3M | (31.7)% | | Adjusted EBITDA margin | 5.0% | 7.5% | | - Decrease in adjusted EBITDA margin primarily driven by **project mix**, partially offset by **lower short-term incentive compensation costs**[6](index=6&type=chunk) - **Segment backlog** at the end of the quarter was **$792.3 million**, compared to $682.9 million at the end of the first quarter[6](index=6&type=chunk) [Architectural Glass](index=2&type=section&id=Architectural%20Glass) Architectural Glass net sales significantly decreased to $72.2 million due to lower volume and price, resulting in adjusted EBITDA falling to $11.6 million (16.1% of net sales) | Metric | Q2 FY26 ($M) | Q2 FY25 ($M) | % Change | | :-------------------- | :----------- | :----------- | :------- | | Net sales | $72.2M | $90.1M | (19.9)% | | Adjusted EBITDA | $11.6M | $24.1M | (51.8)% |

Core Insights - Apogee Enterprises, Inc. reported its financial results for the second quarter of fiscal 2026, which ended on August 30, 2025 [1] Financial Performance - The company provided selected financial results for the three months ended August 30, 2025, compared to the same period in the previous year [1] - Specific financial metrics, including revenue and earnings per share, were highlighted, showing the percentage change year-over-year [1]

PART I. FINANCIAL INFORMATION [Item 1. Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements) Presents unaudited consolidated financial statements, including balance sheets, results of operations, cash flows, and detailed notes on accounting policies, debt, and acquisitions [Consolidated Balance Sheets](index=3&type=section&id=Consolidated%20Balance%20Sheets) Summarizes the company's financial position, detailing assets, liabilities, and shareholders' equity at specific dates | (In thousands) | August 30, 2025 | March 1, 2025 | | :--- | :--- | :--- | | **Assets** | | | | Total current assets | $460,106 | $442,104 | | Property, plant and equipment, net | $259,177 | $268,139 | | Goodwill | $236,653 | $235,775 | | Intangible assets, net | $116,485 | $128,417 | | Total assets | $1,154,683 | $1,175,269 | | **Liabilities and Shareholders' Equity** | | | | Total current liabilities | $261,892 | $285,456 | | Long-term debt | $270,000 | $285,000 | | Total shareholders' equity | $500,215 | $487,898 | | Total liabilities and shareholders' equity | $1,154,683 | $1,175,269 | - Total assets decreased by **$20.59 million** from March 1, 2025, to August 30, 2025, primarily due to decreases in property, plant and equipment, intangible assets, and other non-current assets, partially offset by increases in receivables and inventories[8](index=8&type=chunk) - Total current liabilities decreased by **$23.56 million**, while total shareholders' equity increased by **$12.32 million** during the same period[8](index=8&type=chunk) [Consolidated Results of Operations](index=4&type=section&id=Consolidated%20Results%20of%20Operations) Details the company's revenues, expenses, and net earnings over specific reporting periods | (In thousands, except per share data) | Three Months Ended August 30, 2025 | Three Months Ended August 31, 2024 | Change (YoY) | Six Months Ended August 30, 2025 | Six Months Ended August 31, 2024 | Change (YoY) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Net sales | $358,194 | $342,440 | +4.6% | $704,816 | $673,956 | +4.6% | | Gross profit | $82,607 | $97,321 | -15.1% | $157,732 | $196,176 | -19.6% | | Operating income | $26,888 | $41,965 | -35.9% | $33,819 | $83,346 | -59.4% | | Net earnings | $23,649 | $30,566 | -22.6% | $20,962 | $61,577 | -65.9% | | Basic earnings per share | $1.10 | $1.40 | -21.4% | $0.98 | $2.83 | -65.3% | | Diluted earnings per share | $1.10 | $1.40 | -21.4% | $0.97 | $2.80 | -65.4% | - Net sales increased by **4.6%** for both the three and six months ended August 30, 2025, compared to the prior year periods[9](index=9&type=chunk) - Gross profit, operating income, and net earnings significantly decreased for both periods, indicating pressure on profitability despite sales growth[9](index=9&type=chunk) [Consolidated Statements of Comprehensive Earnings](index=5&type=section&id=Consolidated%20Statements%20of%20Comprehensive%20Earnings) Reports net earnings and other comprehensive income (loss) to arrive at total comprehensive earnings for the period | (In thousands) | Three Months Ended August 30, 2025 | Three Months Ended August 31, 2024 | Six Months Ended August 30, 2025 | Six Months Ended August 31, 2024 | | :--- | :--- | :--- | :--- | :--- | | Net earnings | $23,649 | $30,566 | $20,962 | $61,577 | | Other comprehensive earnings (loss) | $84 | $(1,224) | $2,692 | $(703) | | Total comprehensive earnings | $23,733 | $29,342 | $23,654 | $60,874 | - Total comprehensive earnings for the three months ended August 30, 2025, decreased by **19.1%** year-over-year, while for the six months, it decreased by **61.1%**[11](index=11&type=chunk) - Other comprehensive earnings shifted from a loss of **$1,224 thousand** in the prior three-month period to a gain of **$84 thousand** in the current period, primarily due to foreign currency translation adjustments[11](index=11&type=chunk) [Consolidated Statements of Cash Flows](index=6&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Presents the cash inflows and outflows from operating, investing, and financing activities | (In thousands) | Six Months Ended August 30, 2025 | Six Months Ended August 31, 2024 | | :--- | :--- | :--- | | Net cash provided by operating activities | $37,280 | $64,132 | | Net cash used in investing activities | $(10,883) | $(15,450) | | Net cash used in financing activities | $(29,130) | $(34,633) | | Decrease in cash, cash equivalents and restricted cash | $(1,922) | $13,808 | | Cash and cash equivalents at end of period | $39,526 | $51,024 | - Net cash provided by operating activities decreased by **$26.85 million** for the six months ended August 30, 2025, compared to the prior year, primarily due to lower net earnings and increased cash used for working capital[12](index=12&type=chunk)[149](index=149&type=chunk) - Net cash used in investing activities decreased by **$4.57 million**, mainly due to lower capital expenditures[12](index=12&type=chunk)[150](index=150&type=chunk) - Net cash used in financing activities decreased by **$5.5 million**, driven by a reduction in common stock repurchases[12](index=12&type=chunk)[151](index=151&type=chunk) [Consolidated Statements of Shareholders' Equity](index=7&type=section&id=Consolidated%20Statements%20of%20Shareholders'%20Equity) Outlines changes in the company's equity accounts, including common stock, retained earnings, and comprehensive income | (In thousands) | Balance at March 1, 2025 | Balance at August 30, 2025 | Change | | :--- | :--- | :--- | :--- | | Common Shares Outstanding (in thousands) | 21,418 | 21,515 | +97 | | Common Stock at Par Value | $7,139 | $7,172 | +$33 | | Additional Paid-In Capital | $156,075 | $158,065 | +$1,990 | | Retained Earnings | $359,976 | $367,578 | +$7,602 | | Accumulated Other Comprehensive (Loss) Income | $(35,292) | $(32,600) | +$2,692 | | Total Shareholders' Equity | $487,898 | $500,215 | +$12,317 | - Total shareholders' equity increased by **$12.3 million** from March 1, 2025, to August 30, 2025, primarily driven by net earnings and other comprehensive income, partially offset by cash dividends and share retirements[13](index=13&type=chunk) - Cash dividends of **$0.26 per share** were paid in both the first and second quarters of fiscal 2026[13](index=13&type=chunk) [Notes to Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) Provides detailed explanations and supplementary information for the consolidated financial statements [1. Summary of Significant Accounting Policies](index=9&type=section&id=Note%201.%20Summary%20of%20Significant%20Accounting%20Policies) Describes the key accounting principles and methods used in preparing the financial statements - The Company adopted **ASU 2023-07**, 'Improvements to Reportable Segment Disclosures,' in the fourth quarter of fiscal 2025 for annual requirements and in the first quarter of fiscal 2026 for interim requirements, expanding segment expense and other item disclosures[18](index=18&type=chunk) - **ASU 2023-09**, 'Improvements to Income Tax Disclosures,' is effective for fiscal 2026 annual and fiscal 2027 interim financial statements, requiring disaggregation of tax reconciliation items and income taxes paid by jurisdiction[19](index=19&type=chunk) - **ASU 2024-03**, 'Disaggregation of Income Statement Expenses,' effective for annual periods after December 15, 2026, will require more detailed expense information but is not expected to impact financial position or results of operations[20](index=20&type=chunk) [2. Revenue

Core Insights - Apogee Enterprises, Inc. (APOG) is set to announce its second-quarter fiscal 2026 results on October 9, with earnings estimated at 86 cents per share, reflecting a year-over-year decline of 40.3% [1][3] Earnings Estimates - The Zacks Consensus Estimate for APOG's second-quarter earnings has remained unchanged over the past 60 days, indicating stability in expectations despite the anticipated decline [1][2] - The Earnings Surprise Prediction (ESP) for Apogee is 0.00%, and it currently holds a Zacks Rank of 3 (Hold) [4][3] Performance Factors - The Architectural Services segment is expected to have positively influenced Apogee's fiscal second-quarter performance, driven by improved pricing and a strategic shift towards premium products [5] - The Architectural Glass segment has benefited from a better sales mix and productivity improvements, likely enhancing margins in the second fiscal quarter [6] Challenges and Headwinds - Apogee anticipates ongoing inflationary pressures and supply chain disruptions, which may hinder production levels due to labor constraints [7] - The company expects tariffs to negatively impact earnings per share by 45-55 cents in the first half of fiscal 2026, affecting second-quarter margins [8] Stock Performance - Apogee's stock has declined by 42.4% over the past year, significantly underperforming compared to the industry average decline of 20.6% [9]

Core Points - Apogee Enterprises, Inc. will report its fiscal 2026 second quarter results on October 9, 2025, after market close [1] - A conference call to discuss the financial results and provide a business update is scheduled for October 10, 2025, at 8:00 a.m. Central Time [1] Company Overview - Apogee Enterprises, Inc. is a leading provider of architectural building products and services, including high-performance coated materials [3] - The company is headquartered in Minneapolis, MN, and has a workforce of approximately 4,400 employees [4][8] - Apogee reported revenues of $1.4 billion in 2023 [4][8]