Apogee Enterprises, Inc. (NASDAQ: APOG): Johnson Fistel Investigates Disclosures After Stock Decline
Core Viewpoint - Johnson Fistel, PLLP is investigating potential violations of federal securities laws by Apogee Enterprises, Inc. and its officers following disappointing financial results and the resignation of the CFO [1][2]. Financial Performance - Apogee reported third-quarter fiscal year 2026 sales of $355.3 million, which was below market expectations of $358.6 million [2]. - The company attributed its poor performance to higher aluminum costs, restructuring expenses, and increased health insurance costs [2]. Stock Market Reaction - Following the financial announcement, Apogee's stock price dropped by $6.29, approximately 17%, opening at $31.00 per share, resulting in losses for investors [3].