Apogee(US:APOG)2025-10-10 13:00Financial 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]