Apogee Beats on Q3 Earnings, Anticipates Sales Decline in FY25

Apogee Enterprises, Inc. (APOG) reported adjusted earnings per share (EPS) of $1.19 for third-quarter fiscal 2025 (ended Nov. 30, 2024), surpassing the Zacks Consensus Estimate of $1.14. The bottom line marked a 3% drop from the prior-year quarter.APOG attributed the decline to unfavorable sales leverage impacts of lower volume, a less favorable product mix, and higher incentive compensation and lease expenses, partially offset by a more favorable mix of projects in Architectural Services and lower insuranc ...