Record Adjusted EPS and Margin Improvements
Apogee Enterprises reported record adjusted EPS and sustainable operating improvements, with adjusted ROIC above 12% for three consecutive years and margins reaching 11%, showing a 470 basis point improvement from fiscal 2022.
Acquisition of UW Solutions
Successfully integrated and progressed the acquisition of UW Solutions, contributing $23 million in revenue with an adjusted EBITDA margin over 22%. The acquisition is expected to support high single-digit organic growth in fiscal 2026.
Strong Cash Flow and Capital Deployment
Generated $125 million in cash from operations and returned $67 million to shareholders through dividends and share buybacks. The company has a strong balance sheet with a leverage ratio of 1.3.
Project Fortify Phase Two
Launch of Project Fortify Phase Two, expected to deliver $13 million to $15 million in annualized pretax cost savings, focusing on the services and metals segments.