Core Insights - Apogee Enterprises, Inc. (APOG) reported adjusted earnings per share (EPS) of $1.02 for Q3 fiscal 2026, missing the Zacks Consensus Estimate of $1.03 per share, and reflecting a 14.3% decrease from the prior-year quarter [1] - The company generated revenues of $349 million in the quarter, up 2.1% year over year, but still below the Zacks Consensus Estimate of $350 million [2] - Apogee's gross profit fell 6.9% year over year to $82.9 million, with gross margin decreasing to 23.8% from 26.1% in the prior year [3] Financial Performance - Cost of sales increased by 5.3% year over year to $266 million, leading to a decline in operating income to $24.8 million, down 13.1% from $28.6 million in the prior year [3] - The Architectural Metals segment saw revenues decline by 9.9% year over year to $124 million, while the Architectural Glass segment grew by 0.9% to $70.8 million [4][5] - The Performance Surfaces segment experienced significant growth, with revenues rising 59.6% year over year to $52.9 million, attributed to the acquisition of UW Solutions [6] Backlog and Cash Position - The backlog for the Architectural Services segment decreased to $775 million at the end of Q3, down from $792 million in the previous quarter [7] - Apogee had cash and cash equivalents of $41 million at the end of Q3, with cash provided by operating activities totaling $67 million for the first nine months of the fiscal year [8] Guidance and Stock Performance - The company revised its FY26 revenue guidance to $1.39 billion from a previous range of $1.39-$1.42 billion, and adjusted EPS guidance to $3.40-$3.50 from $3.60-$3.90, citing 30 cents of tariff-related headwinds [11] - Apogee's stock has declined by 37.1% over the past year, contrasting with the industry's growth of 18.9% [12]