Apogee Enterprises (APOG) Q2 FY2027 earnings: revenue $391 million, up 9.2% on the year

Apogee Enterprises, Inc. (APOG) reported revenue of $391 million for Q2 FY2027, the quarter ended 29 August 2026, up 9.2% on the same quarter a year earlier. Net income was $22 million, down 5.4% on the year, and diluted earnings per share $1.07. The figures are the company's own, from the 10-Q it filed with the SEC on 6 October 2026.

Revenue$391 millionup 9.2%

Net income$22 milliondown 5.4%

Diluted EPS$1.07

QuarterQ2 FY2027ended 29 August 2026

What management said

Guidance figures: 3 raised, 2 kept.

Sales increased 9.2% to $391.1M: Second-quarter net sales grew 9.2% year-over-year to $391.1 million from $358.2 million, driven by Kalwall acquisition contribution of $16.4 million, disciplined pricing, and favorable mix, partially offset by lower volume.
Gross margin expanded 150 basis points: Gross margin improved to 24.6% from 23.1% year-over-year, a 150 basis point increase, driven by disciplined pricing, productivity improvements from Project Fortify Phase 2, accretive Kalwall contribution, and favorable mix, partially offset by higher material and manufacturing costs and lower volume.
Adjusted EBITDA margin reached 12.7%: Adjusted EBITDA grew 11.7% to $49.5 million with margin expansion of 30 basis points to 12.7% from 12.4%, demonstrating strong operational leverage despite mixed demand environment.

Read the earnings call summary

The quarter, against the one before and a year earlier

Line	Q2 FY2027	Q1 FY2027	Q2 FY2026	Change on the year
Revenue	391	343	358	+9.2%
Cost of revenue	295	268	276	+7.0%
Gross profit	96.2	75.0	82.6	+16.4%
Gross margin	24.6%	21.9%	23.1%
Selling, general and administrative	62.7	56.2	55.7	+12.5%
Operating income	33.5	18.8	26.9	+24.5%
Operating margin	8.6%	5.5%	7.5%
Interest expense	3.6	2.8	4.1	-12.8%
Pre-tax income	30.4	15.9	28.0	+8.8%
Income tax	8.0	4.4	4.3	+86.7%
Effective tax rate	26.4%	27.6%	15.4%
Net income	22.4	11.5	23.6	-5.4%
Net margin	5.7%	3.4%	6.6%
Diluted EPS	$1.07	$0.54	$1.10	-2.7%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

Line	Q2 FY2027	Q1 FY2027	Q2 FY2026	Change on the year
Operating cash flow	35.8	7.4	57.1	-37.2%
Capital expenditure	11.5	6.3	4.7	+146.9%
Free cash flow	24.3	1.1	52.4	-53.6%
Free cash flow margin	6.2%	0.3%	14.6%
Cash from investing	-112	-9.8	-3.9	n/a
Cash from financing	86.0	-11.1	-46.8	n/a
Depreciation and amortisation	14.0	12.6	12.5	+11.9%
Share-based compensation	2.6	2.3	0.5	+423.4%
Buybacks	6.4	9.7	0.0	n/a
Dividends paid	5.5	5.6	5.5	+0.4%
Dividend per share	$0.27	$0.27	$0.26	+3.8%
Diluted shares, weighted	21m	21m	22m	-3.2%
Shares outstanding at period end	21m	21m	22m	-2.9%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q2 FY2027	Q1 FY2027	Q2 FY2026	Change on the year
Shareholders' equity	523	512	500	+4.6%
Debt	336	237	270	+24.3%
Operating lease liabilities	32.4	35.8	46.1	-29.9%
Other liabilities	353	316	338	+4.3%
Total liabilities and equity	1,244	1,101	1,155	+7.7%
Fixed assets	277	248	259	+7.0%
Goodwill	255	237	237	+8.0%
Intangible assets	154	109	116	+32.5%
Securities held for sale or to maturity	19.1	18.2	9.1	+109.7%
Cash and equivalents	36.5	26.4	39.5	-7.6%
Receivables	206	192	195	+5.6%
Inventory	117	102	102	+14.0%
Other assets	178	170	196	-9.1%
Total assets	1,244	1,101	1,155	+7.7%

Questions

What was Apogee Enterprises' revenue in Q2 FY2027?

Apogee Enterprises (APOG) reported revenue of $391 million for Q2 FY2027, the quarter ended 29 August 2026, up 9.2% on the same quarter a year earlier.

How much did Apogee Enterprises earn in Q2 FY2027?

Net income for Q2 FY2027 was $22 million, down 5.4% on the year, and diluted earnings per share $1.07.

When did Apogee Enterprises report Q2 FY2027 results?

Apogee Enterprises filed its 10-Q for the quarter ended 29 August 2026 with the SEC on 6 October 2026.

Quarterly results, the last 12 quarters

	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026	Q4 FY2026 *	Q1 FY2027	Q2 FY2027
Revenue	340	362	332	342	341	346	347	358	349	351	343	391
Cost of revenue	249	273	233	245	252	271	271	276	266	273	268	295
Gross profit	90.3	88.5	98.9	97.3	89.1	74.6	75.1	82.6	83.0	78.8	75.0	96.2
Gross margin	27%	24%	30%	28%	26%	22%	22%	23%	24%	22%	22%	25%
SG&A	52.7	66.6	57.5	55.4	60.5	68.4	68.2	55.7	58.1	53.0	56.2	62.7
Operating income	37.6	21.9	41.4	42.0	28.6	6.1	6.9	26.9	24.9	25.8	18.8	33.5
Operating margin	11%	6%	12%	12%	8%	2%	2%	8%	7%	7%	5%	9%
Interest expense	1.5	2.3	0.5	1.1	1.0	3.5	3.8	4.1	3.2	2.8	2.8	3.6
Pre-tax income	35.3	19.3	41.1	41.1	27.6	2.7	2.4	28.0	24.1	23.0	15.9	30.4
Tax rate	24%	18%	24%	26%	24%	9%	212%	15%	31%	28%	28%	26%
Net income	27.0	15.7	31.0	30.6	21.0	2.5	-2.7	23.6	16.5	16.6	11.5	22.4
Net margin	8%	4%	9%	9%	6%	1%	-1%	7%	5%	5%	3%	6%
Diluted EPS	$1.23	$0.71	$1.41	$1.40	$0.96	$0.11	-$0.13	$1.10	$0.77	$0.78	$0.54	$1.07
Operating cash flow	66.7	74.9	5.5	58.7	31.0	30.0	-19.8	57.1	29.3	55.8	7.4	35.8
Capital expenditure	11.9	16.2	7.2	8.4	9.0	10.9	7.2	4.7	6.5	9.0	6.3	11.5
Free cash flow	54.8	58.7	-1.8	50.2	22.0	19.1	-26.9	52.4	22.9	46.9	1.1	24.3
Buybacks	0.0	0.0	15.1	0.0	0.0	30.3	0.0	0.0	0.0	15.0	9.7	6.4
Dividends paid	5.2	5.4	0.0	10.8	5.4	5.5	5.5	5.5	5.5	5.6	5.6	5.5
Shares outstanding	22m	22m	22m	22m	22m	21m	22m	22m	21m	21m	21m	21m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 29 August 2026, filed 6 October 2026, accession 0000006845-26-000103: the filing on EDGAR. All of Apogee Enterprises, Inc.'s filings: EDGAR company page.

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