Apogee Enterprises reports Q2 adjusted EPS $1.36 , consensus $1.12

Reports Q2 revenue $353.68M, consensus $372.01M. “We delivered another quarter of strong margin expansion and adjusted earnings growth,” said Ty Silberhorn, CEO. “Q2 operating margin of 11.5% exceeded our 10% target for the first time since we established our financial goals in November 2021. I’d like to recognize the entire Apogee team for the tremendous progress we’ve achieved during this time. Our improved profitability is being driven by continued execution of our strategy. We’ve made sustainable improvements to our cost structure, realized meaningful productivity gains through the deployment of the Apogee Management System, and made great progress in shifting our sales mix toward more differentiated offerings. We see significant opportunities to build on this success as we move forward.”