Apogee Enterprises reported higher revenue across all segments in the second quarter and raised its full-year revenue and adjusted EPS outlook. Second-quarter revenue was $391.1 million, up 9.2% year on year, while full-year revenue was raised to $1.46 billion–$1.5 billion and adjusted EPS to $3.00–$3.40.
Apogee Enterprises announced that revenue increased across all segments, driven by the effects of its acquisitions of Cal-Wal and Gloglas. Second-quarter revenue was $391.1 million, up 9.2% year on year, while adjusted EBITDA was $49.5 million and the adjusted EBITDA margin expanded to 12.7%. Adjusted diluted EPS was $1.17, with lower interest expense cited as a factor supporting the increase in revenue.
The acquisition of Gloglas strengthened the company’s European operations, and Gloglas is expected to contribute to gross value. Full-year revenue was revised to $1.46 billion–$1.5 billion and adjusted EPS to $3.00–$3.40. Financially, operating cash flow increased during the 6 months of fiscal 2026. Total debt is trending higher, but liquidity is considered sound.
The company said revenue increased in all 4 segments, with the acquisitions of Cal-Wal and Gloglas identified as the main factors behind the increase in the full-year forecast.
The higher full-year outlook was reportedly supported by improved pricing and margin gains from efficiency measures. The company indicated that second-half revenue and adjusted EPS are expected to progress evenly and that solid operating cash flow is expected to continue.