Revenue: As of FY2026 Q4, the actual value is USD 351.35 M, beating the estimate of USD 335.47 M.EPS: As of FY2026 Q4, the actual value is USD 0.78, meeting the estimate of USD 0.78.EBIT: As of FY2026 Q4, the actual value is USD 28.6 M.<h4>Overall Company Financial Performance</h4><h5>Fourth Quarter Fiscal 2026 (ended February 28, 2026) vs. Fourth Quarter Fiscal 2025 (ended March 1, 2025)</h5><ul><li>Net sales increased by 1.6% to $351.4 million, up from $345.7 million, driven by favorable price and mix, partially offset by lower volume.</li><li>Net earnings significantly increased by 568.8% to $16.620 million, compared to $2.485 million.</li><li>Gross margin rose 80 basis points to 22.4%, primarily due to a non-recurring $9.4 million arbitration decision expensed in the prior year, productivity improvements, and lower risk-related insurance expenses, partially offset by higher aluminum costs, lower volume impacts, and higher health insurance costs.</li><li>Selling, general and administrative (SG&amp;A) expenses as a percentage of net sales decreased by 470 basis points to 15.1%.</li><li>Operating income increased to $25.8 million from $6.1 million, and operating margin increased by 550 basis points to 7.3%.</li><li>Adjusted EBITDA increased by 3.2% to $42.4 million, from $41.1 million, with the Adjusted EBITDA margin increasing to 12.1% from 11.9%.</li><li>Interest expense, net, decreased to $2.8 million, compared to $3.5 million, primarily due to lower debt.</li></ul><h5>Full Year Fiscal 2026 (ended February 28, 2026) vs. Full Year Fiscal 2025 (ended March 1, 2025)</h5><ul><li>Net sales increased by 3.2% to $1.40 billion, driven by $65.3 million of inorganic sales contribution from the acquisition of UW Solutions, partially offset by lower volume.</li><li>Net earnings decreased by 36.4% to $54.131 million, from $85.052 million.</li><li>Gross profit for the full year was $319.474 million, a decrease of -11.2% from $359.893 million in the prior year.</li><li>Operating income declined to $84.5 million from $118.1 million, and operating margin decreased by 270 basis points to 6.0%.</li><li>Adjusted EBITDA decreased to $167.3 million, compared to $192.7 million, with the Adjusted EBITDA margin decreasing to 11.9% from 14.2%.</li><li>Interest expense, net, increased to $14.0 million, compared to $6.2 million.</li></ul><h4>Segment Performance (Fourth Quarter Fiscal 2026 vs. Fourth Quarter Fiscal 2025)</h4><ul><li>Architectural Metals: Net sales declined by 1.9% to $110.0 million, primarily due to lower volume, partially offset by favorable price and product mix. Adjusted EBITDA was $7.2 million (6.5% of net sales), up from $7.0 million (6.3% of net sales).</li><li>Architectural Services: Net sales increased by 7.8% to $127.1 million, primarily due to increased volume. Adjusted EBITDA was $9.6 million (7.5% of net sales), compared to $9.6 million (8.2% of net sales). Segment backlog was $693.8 million at quarter-end, down from $774.7 million at the end of the third quarter.</li><li>Architectural Glass: Net sales declined by 10.4% to $67.4 million, driven by lower volume and price. Adjusted EBITDA was $9.1 million (13.5% of net sales), down from $14.1 million (18.8% of net sales).</li><li>Performance Surfaces: Net sales increased by 13.5% to $54.3 million due to increased volume. Adjusted EBITDA was $10.5 million (19.4% of net sales), down from $12.8 million (26.8% of net sales).</li><li>Corporate and Other: Adjusted EBITDA increased to $6.0 million, compared to an expense of - $2.5 million.</li></ul><h4>Cash Flow and Financial Condition</h4><ul><li>Net cash provided by operating activities in the fourth quarter was $55.8 million, compared to $30.0 million in the prior year period. For the full year, net cash provided by operating activities was $122.5 million, compared to $125.2 million last year.</li><li>Capital expenditures for the full year were $27.3 million, compared to $35.6 million last year.</li><li>The company returned $37.2 million of cash to shareholders for the full year, including $15.0 million in share repurchases and $22.2 million in dividends.</li><li>Quarter-end long-term debt decreased to $232.3 million, an improvement of $52.7 million, bringing the Consolidated Leverage Ratio to 1.3x at the end of the quarter.</li></ul><h4>Project Fortify</h4><ul><li>Project Fortify Phase 2 was substantially completed during the fourth quarter, incurring $3.9 million of pre-tax charges, bringing total pre-tax charges for the program to $27.4 million.</li><li>The company estimates annualized cost savings of approximately $26 million from the Project Fortify program.</li></ul><h4>Fiscal 2027 Outlook</h4>远地点企业 (Apogee Enterprises, Inc.) expects net sales for fiscal year 2027 to be in the range of $1.38 billion to $1.43 billion. The adjusted diluted EPS is projected to be between $2.70 and $3.25. This outlook assumes interest expense of approximately $10 million, an adjusted effective tax rate of 26% to 27%, and capital expenditures between $35 million to $40 million.

Apogee Enterprises | 8-K: FY2026 Q4 Revenue Beats Estimate at USD 351.35 M