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Apogee (APOG)
NASDAQ:APOG
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Apogee (APOG) AI Stock Analysis

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APOG

Apogee

(NASDAQ:APOG)

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Outperform 72 (OpenAI - 4o)
Rating:72Outperform
Price Target:
$49.00
▲(10.29% Upside)
Apogee's overall stock score of 72 reflects a stable financial performance with effective cash flow management and a strong balance sheet. The technical analysis supports a positive short-term trend, while the valuation suggests a fair market price. The earnings call provided a mixed sentiment, highlighting both positive momentum and ongoing challenges.

Apogee (APOG) vs. SPDR S&P 500 ETF (SPY)

Apogee Business Overview & Revenue Model

Company DescriptionApogee Enterprises, Inc. designs and develops glass and metal products and services in the United States, Canada, and Brazil. The company operates in four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical Technologies (LSO). The Architectural Framing Systems segment designs, engineers, fabricates, and finishes the aluminum frames used in customized aluminum and glass window; curtain wall; storefront; and entrance systems, such as the outside skin and entrances of commercial, institutional, and multi-family residential buildings. The Architectural Glass segment fabricates coated and high-performance glass used in customized window and wall systems, including the outside skin of commercial, institutional, and multi-family residential buildings. The Architectural Services segment offers full-service installation of the walls of glass, windows, and other curtain wall products making up the outside skin of commercial and institutional buildings. The LSO segment manufactures value-added glass and acrylic products for framing and display applications. The company's products and services are primarily used in commercial buildings, such as office buildings, hotels, and retail centers; and institutional buildings comprising education facilities, health care facilities, and government buildings, as well as multi-family residential buildings. It markets its architectural products and services through direct sales force, independent sales representatives, and distributors to glazing subcontractors and general contractors; and value-added glass and acrylics through retail chains, picture-framing shops, and independent distributors to museums, galleries, and other customers. The company was incorporated in 1949 and is based in Minneapolis, Minnesota.
How the Company Makes MoneyApogee generates revenue through various streams, primarily from the sale of its architectural glass and framing systems. The company’s Architectural Glass segment provides energy-efficient glass products used in commercial buildings, while the Architectural Framing Systems segment offers a range of aluminum framing solutions. Additionally, Apogee profits from its Digital Graphics segment which includes the production of graphics used for building signage and decorative applications. Key revenue streams are driven by the demand for energy-efficient building materials, ongoing construction projects, and renovation activities. Strategic partnerships with construction firms and architectural design companies further bolster its market presence and revenue potential. Factors such as rising construction activity and the increasing focus on sustainable building practices contribute positively to Apogee’s earnings.

Apogee Earnings Call Summary

Earnings Call Date:Jun 27, 2025
(Q1-2026)
|
% Change Since: |
Next Earnings Date:Sep 23, 2025
Earnings Call Sentiment Neutral
The earnings call reflected a mixed sentiment. While there were positive developments such as exceeding first quarter expectations, raising fiscal year outlook, successful tariff mitigation, and strong balance sheet management, these were counterbalanced by challenges like decreased sales in key segments, increased costs due to tariffs, and lower adjusted EBITDA margins. The sentiment is indicative of ongoing efforts to overcome market challenges while positioning for future growth.
Q1-2026 Updates
Positive Updates
Stronger Than Expected First Quarter Results
First quarter results exceeded expectations with stronger-than-expected revenues led by Glass and Services, as well as significant net sales growth for Services for the fifth consecutive quarter.
Raised Fiscal Year 2026 Outlook
Apogee raised its fiscal year outlook for both revenue and earnings, reflecting positive momentum in Metals, Glass, and Performance Surfaces.
Project Fortify Phase 2 and Cost Savings
Aggressive actions under Phase 2 of Project Fortify are expected to drive $13 million to $15 million in annualized savings.
Strong Balance Sheet Position
Apogee reported a strong balance sheet with a consolidated leverage ratio of 1.6 and no near-term debt maturities, allowing significant capital for future deployment.
Successful Tariff Mitigation Efforts
The team has been successful in mitigating the impact of tariffs, which is expected to positively affect the second half of the fiscal year.
Negative Updates
Metals Segment Challenges
Metals net sales declined by 3.4% due to a less favorable mix and higher aluminum costs, affecting margins.
Impact of Higher Tariffs
Increased tariffs impacted results in both Metals and Services segments, with a significant expense in Services.
Decline in Glass Net Sales
Glass net sales declined due to reduced volume from lower end-market demand.
Decreased Adjusted EBITDA Margin
Consolidated adjusted EBITDA margin decreased to 9.9% due to a less favorable mix and higher costs in several segments.
Higher Operating Expenses
Higher interest expense and a higher adjusted effective tax rate led to a decline in adjusted diluted EPS to $0.56.
Company Guidance
In the Q1 2026 earnings call for Apogee Enterprises, the company reported revenues exceeding expectations, driven by significant net sales growth in the Glass and Services segments. The company raised its fiscal year outlook for net sales, now projected between $1.40 billion to $1.44 billion, and adjusted diluted EPS, expected to range from $3.80 to $4.20. Despite challenges from increased tariffs, which had an EPS impact of $0.35 to $0.45, Apogee implemented mitigation plans and anticipates improved results in the second half of the fiscal year. Aggressive actions under Project Fortify Phase 2 are expected to yield $13 million to $15 million in annualized savings. The Metals segment showed sequential improvement, and the Performance Surfaces segment, bolstered by the UW Solutions acquisition, is expected to deliver strong growth. Apogee remains focused on sustaining progress in executing its enterprise strategy, with a strong balance sheet supporting future strategic M&A opportunities.

Apogee Financial Statement Overview

Summary
Apogee's financial health is characterized by steady revenue and effective cash flow management, though profitability metrics like Net Profit Margin and ROE indicate areas for improvement. The balance sheet shows good leverage control, supporting long-term stability. Continued focus on operational efficiencies and enhancing return metrics could bolster future performance.
Income Statement
75
Positive
Apogee shows a consistent revenue stream with a strong Gross Profit Margin of 24.43% for TTM (Trailing-Twelve-Months). However, the Net Profit Margin has decreased to 3.73% in TTM, indicating pressure on net earnings. Revenue growth has been relatively stable, but not significant, with minor fluctuations over the years. The EBIT Margin is modest at 6.08%, reflecting room for operational efficiency improvements. Overall, the company maintains a solid EBITDA Margin of 9.60%, showcasing its capacity to generate earnings before non-operational expenses.
Balance Sheet
68
Positive
The company has a moderate Debt-to-Equity Ratio of 0.78 in TTM, indicating a balanced approach to leveraging debt. The Return on Equity is at 10.66%, which is reasonable but suggests potential for improvement. The Equity Ratio stands at 41.65%, reflecting a solid equity base relative to total assets. Overall, the balance sheet indicates stability but with scope for enhancing equity returns.
Cash Flow
80
Positive
Apogee demonstrates strong cash flow management with a positive Free Cash Flow Growth Rate despite a challenging investment environment. The Operating Cash Flow to Net Income Ratio is healthy at 1.95, indicating robust cash conversion from earnings. The Free Cash Flow to Net Income Ratio is also strong, highlighting efficient cash utilization.
BreakdownMar 2025Mar 2024Mar 2023Mar 2022Mar 2021
Income Statement
Total Revenue1.36B1.42B1.44B1.31B1.23B
Gross Profit359.89M372.63M335.27M274.16M275.69M
EBITDA166.80M178.83M179.34M80.05M90.75M
Net Income85.05M99.61M104.11M3.49M15.44M
Balance Sheet
Total Assets1.18B884.06M915.37M887.86M1.02B
Cash, Cash Equivalents and Short-Term Investments41.45M37.22M19.92M37.58M47.28M
Total Debt351.92M106.19M181.64M163.00M165.00M
Total Liabilities687.37M413.04M518.96M501.66M522.35M
Stockholders Equity487.90M471.02M396.41M386.20M492.75M
Cash Flow
Free Cash Flow89.57M160.97M57.52M78.63M115.70M
Operating Cash Flow125.16M204.15M102.70M100.47M141.86M
Investing Cash Flow-265.89M-43.67M-27.71M9.28M-2.15M
Financing Cash Flow146.05M-144.61M-91.02M-120.57M-107.88M

Apogee Technical Analysis

Technical Analysis Sentiment
Positive
Last Price44.43
Price Trends
50DMA
43.11
Positive
100DMA
41.74
Positive
200DMA
46.09
Negative
Market Momentum
MACD
0.38
Negative
RSI
54.00
Neutral
STOCH
48.86
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For APOG, the sentiment is Positive. The current price of 44.43 is above the 20-day moving average (MA) of 43.45, above the 50-day MA of 43.11, and below the 200-day MA of 46.09, indicating a neutral trend. The MACD of 0.38 indicates Negative momentum. The RSI at 54.00 is Neutral, neither overbought nor oversold. The STOCH value of 48.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for APOG.

Apogee Risk Analysis

Apogee disclosed 18 risk factors in its most recent earnings report. Apogee reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Apogee Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
74
Outperform
$1.93B15.6412.97%-7.49%10.79%
72
Outperform
$956.56M18.9610.68%2.32%-0.77%-52.02%
66
Neutral
$1.39B32.437.93%-14.06%-65.38%
63
Neutral
$10.79B15.437.44%2.01%2.89%-14.66%
63
Neutral
$571.41M21.424.46%-2.32%-21.44%
49
Neutral
$675.77M33.84-43.35%2.17%70.18%-374.22%
46
Neutral
$417.62M-56.74%-15.16%-1232.39%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
APOG
Apogee
44.43
-32.78
-42.46%
BXC
Bluelinx Holdings
72.40
-34.57
-32.32%
ROCK
Gibraltar Industries
65.32
-5.69
-8.01%
NX
Quanex
14.73
-12.51
-45.93%
JELD
JELD-WEN
4.89
-11.05
-69.32%
JBI
Janus International Group
10.01
0.20
2.04%

Apogee Corporate Events

Business Operations and StrategyExecutive/Board Changes
Apogee Announces New Leadership Appointments in Key Segments
Positive
Aug 7, 2025

On August 7, 2025, Apogee Enterprises announced the appointment of Troy R. Johnson as President of the Architectural Metals Segment and Matt Christian as President of the Architectural Services Segment. These leadership changes reflect the company’s commitment to organizational development and providing growth opportunities for its employees. Troy Johnson, who has been with Apogee since 2011, succeeds Nicholas C. Longman, while Matt Christian, with 23 years at the company, takes over Johnson’s previous role. The appointments are expected to leverage their extensive industry experience and leadership skills to drive value and transformation within the company.

The most recent analyst rating on (APOG) stock is a Buy with a $48.00 price target. To see the full list of analyst forecasts on Apogee stock, see the APOG Stock Forecast page.

Executive/Board ChangesShareholder Meetings
Apogee Confirms Director Re-elections and Approvals
Neutral
Jul 7, 2025

On June 25, 2025, Apogee held its Annual Meeting of Shareholders where three key proposals were voted upon. The re-election of two Class III directors, Elizabeth M. Lilly and Mark A. Pompa, was confirmed for three-year terms. Additionally, the shareholders approved the company’s executive compensation and ratified Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending February 28, 2026.

The most recent analyst rating on (APOG) stock is a Buy with a $48.00 price target. To see the full list of analyst forecasts on Apogee stock, see the APOG Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Oct 02, 2025