Apogee Enterprises Inc

Apogee Enterprises, Inc. engages in the provision of architectural products and services for enclosing buildings, and glass and acrylic products used for preservation, protection, and enhanced viewing in the United States, Canada, and Brazil. It operates in four segments: Architectural Metals, Architectural Glass, Architectural Services, and Performance Surfaces. The Architectural Metals segment designs, engineers, fabricates, and finishes aluminum window, curtainwall, storefront, and entrance systems for applications in non-residential construction under Tubelite, EFCO, Wasau and Linetec, and Alumicor brands. The Architectural Glass segment cuts, treats, coats, and fabricates glass used in custom window and wall systems under the Viracon and GlassecViracon brand names. The Architectural Services segment integrates technical services, project management, and field installation services to design, engineer, fabricate, and install architectural curtainwall systems and other façade-related systems under the Harmon brand. The Performance Surfaces segment develops and manufactures coated materials for a variety of applications, including wall decor, museums, graphic design, digital displays, architectural interiors, and industrial flooring under Tru Vue, ResinDEK, RDC Coatings, ChromaLuxe, and Unisub brands. Its products and services are primarily used in commercial buildings, such as office buildings, hotels, and retail centers; institutional buildings comprising education facilities, health care facilities, and government buildings; transportation facilities, such as airports and transit terminals, as well as multi-family residential buildings. The company markets its architectural products and services through direct sales force, independent sales representatives, and distributors, and glazing subcontractors and general contractors; and retail chains. The company was incorporated in 1949 and is based in Minneapolis, Minnesota.

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Zacks Adds Five Stocks to Strong Buy List on July 16

Zacks Investment Research added five stocks to its Zacks Rank Number 1 Strong Buy list on July 16. B2Gold Corp saw its current-year earnings consensus estimate rise 7.7 percent over the last 60 days. Apogee Enterprises and Azenta each recorded a 7.1 percent increase in their current-year earnings consensus estimates over the same period. Afya's current-year earnings consensus estimate climbed 6.5 percent, while Kinross Gold's rose 6.1 percent.

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Apogee Enterprises beats Q1 earnings and revenue estimates

Apogee Enterprises reported quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.43 per share by 32.56%. Revenue came in at $342.68 million, surpassing the consensus estimate by 2.64%. The company has topped consensus EPS estimates three times in the last four quarters. Shares have gained about 16.7% year-to-date, outperforming the S&P 500's 7.5% rise.

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Apogee Enterprises to acquire Kalwall Companies for up to $115 million

Apogee Enterprises has agreed to acquire Kalwall Companies from the Keller family for up to $115 million on a cash-free, debt-free basis. The deal includes an initial cash payment of $105 million at closing and a potential earnout of up to $10 million tied to financial performance through the end of Apogee's fiscal 2027 third quarter. Management expects the acquisition to close during the second quarter of fiscal 2027 and believes it will enhance Apogee's portfolio and expand its capabilities in the building products market. Apogee also provided fiscal 2027 guidance on April 24, forecasting revenue between $1.38 billion and $1.43 billion, with approximately $10 million in interest expense, an adjusted effective tax rate of 26% to 27%, and capital expenditures of $35 million to $40 million.

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