Apogee Enterprises, Inc. reported financial results for the second quarter of fiscal 2027, which ended on August 29, 2026. The company announced that net sales for the quarter increased 9.2% to $391.1 million, compared to $358.2 million in the prior year period. This growth was attributed to a $16.4 million contribution from the Kalwall acquisition, price increases, and favorable product mix, which were partially offset by lower volume.
For the quarter, operating income rose to $33.5 million from $26.9 million, resulting in an operating margin of 8.6% compared to 7.5% in the prior year. Diluted earnings per share (EPS) were $1.07, while adjusted diluted EPS increased to $1.17. The company reported that adjusted EBITDA increased to $49.5 million, with a margin of 12.7%.
Apogee also provided an update on its strategic acquisitions. The company noted that early performance at Kalwall has been encouraging, and it expects the addition of Groglass to further strengthen its portfolio through differentiated capabilities and increased exposure to attractive end markets.
Reflecting stronger-than-expected first-half performance and anticipated contributions from the acquisitions, the company raised its fiscal 2027 outlook. Apogee now expects net sales in the range of $1.46 billion to $1.50 billion, compared to its previous guidance of $1.38 billion to $1.43 billion. The company also raised its adjusted diluted EPS guidance range to $3.00-$3.40, up from the previous range of $2.70-$3.25.
Regarding its financial position, the company returned $27.3 million to shareholders through $16.1 million of share repurchases and $11.2 million of dividends during the fiscal year-to-date period. At the end of the quarter, the company’s long-term debt was $335.5 million, resulting in a Consolidated Leverage Ratio of 1.7x.
