Why Apogee Enterprises Plummeted by Nearly 13% on Thursday

Core Viewpoint - Apogee Enterprises experienced a significant decline in share price following disappointing fiscal fourth quarter and full-year 2025 earnings, with a nearly 13% drop in a session where the S&P 500 rose by 2% [1] Financial Performance - Net sales decreased by nearly 5% year over year, totaling less than $346 million, while GAAP net income plummeted by 84% to approximately $2.5 million, or $0.11 per share [2] - Operating income also fell by 22% to $0.89 per share, indicating a mixed quarter for the company [2][3] Segment Performance - Apogee's business is divided into four segments: architectural metals, architectural services, architectural glass, and performance services. Only two segments saw increases in net sales, with one benefiting from an acquisition. The architectural metals segment, the largest by revenue, reported a 19% decline in net sales to $112 million for the quarter [4] Future Guidance - Management's guidance for fiscal 2026 projects net sales between $1.37 billion and $1.43 billion, with operating income per share expected to be between $3.55 and $4.10. This contrasts with fiscal 2025 figures of $1.36 billion in net sales and $4.97 in operating income per share. The consensus analyst estimate for operating income remains at $4.97 per share [5] Overall Assessment - The company is currently in a slump, and a slight anticipated rise in annual net sales is unlikely to improve investor sentiment significantly [6]