APOGEE ENTERPRISES, INC.

Listed Company

APOGCIK 0000006845NasdaqLarge AcceleratedGlass Products, Made Of Purchased GlassMinnesotaFY ends Mar 1

Period

FY 2026

Revenue

$1.40B

Net Income

$54.13M

Total Assets

$1.12B

Equity

$511.79M

Shares Out

21.22M

Op. Cash Flow

$122.47M

Business

APOGEE ENTERPRISES, INC. provides architectural building products and services and manufactures high-performance coated materials for multiple end markets. It offers aluminum window, curtainwall, storefront and entrance systems; integrated façade design, engineering, fabrication and installation services; high-performance architectural glass with proprietary coatings and fabrication; and coated substrates for wall decor, displays and industrial flooring. The company operates four reporting segments: Architectural Metals, Architectural Services, Architectural Glass and Performance Surfaces. It primarily serves North American non-residential construction customers through direct sales, independent representatives, distributors and a national installation network, with some international distribution for performance surfaces.

Summary from filing dated 2025-04-24

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-02-28	FY 2025 2025-02-28	FY 2024 2024-02-29	FY 2023 2023-02-28	FY 2022 2022-02-28
Net sales	1,405	1,361	1,417	1,441	1,314
Cost of sales	1,085	1,001	1,050	1,105	1,040
Gross profit	319	360	367	335	274
Selling, general and administrative expenses	235	242	233	209	203
Operating income	84	118	134	126	22
Interest expense, net	14	6	7	8	—
Other (income) expense, net	−7	−623,000	−2	2	—
Earnings before income taxes	77	113	129	117	14
Income tax expense	23	28	30	13	10
Net earnings	54	85	100	104	3
Basic earnings per share (in usd per share)	2.54	3.91	4.55	4.73	0.14
Diluted earnings per share (in usd per share)	2.52	3.89	4.51	4.64	0.14
Weighted average basic shares outstanding (in shares)	21	22	22	22	25
Weighted average diluted shares outstanding (in shares)	22	22	22	22	25

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2026 2026-02-28	FY 2025 2025-02-28	FY 2024 2024-02-29	FY 2023 2023-02-28	FY 2022 2022-02-28
Cash and cash equivalents	40	41	37	20	38
Receivables, net	199	186	174	—	—
Inventories, net	98	92	69	78	80
Contract assets	60	72	50	59	30
Other current assets	44	51	29	—	—
Total current assets	439	442	359	383	338
Property, plant and equipment, net	255	268	244	249	250
Operating lease right-of-use assets	49	62	40	41	48
Goodwill	237	236	129	129	130
Intangible assets, net	111	128	66	67	72
Other non-current assets	31	39	46	46	49
Total assets	1,122	1,175	884	915	888
Accounts payable	105	99	85	87	92
Accrued compensation and benefits	40	49	54	52	51
Contract liabilities	61	35	35	28	9
Operating lease liabilities	15	15	12	12	13
Other current liabilities	46	88	59	65	67
Total current liabilities	267	285	245	243	233
Long-term debt	232	285	62	170	162
Non-current operating lease liabilities	39	52	32	33	40
Non-current self-insurance reserves	25	30	31	29	23
Other non-current liabilities	47	35	44	44	45
Commitments and contingent liabilities (Note 10)	—	—	—	—	—
Common stock of $0.33-1/3 par value; authorized 50,000,000 shares; issued and outstanding 21,220,350 and 21,417,631 shares, respectively	7	7	7	7	8
Additional paid-in capital	159	156	153	147	150
Retained earnings	376	360	340	274	255
Accumulated other comprehensive loss	−31	−35	−30	−32	−26
Total shareholders equity	512	488	471	396	386
Total liabilities and shareholders equity	1,122	1,175	884	915	888

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-02-28	FY 2025 2025-02-28	FY 2024 2024-02-29	FY 2023 2023-02-28	FY 2022 2022-02-28
Depreciation and amortization	50	45	42	42	50
Share-based compensation	8	11	10	9	6
Deferred income taxes	15	4	−10	−7	−8
Impairment of long-lived assets	11	8	7	0	49
Settlement of New Markets Tax Credit transaction	−7	0	−5	−20	—
Non-cash lease expense	7	14	12	12	12
Other, net	−2	−1	5	5	−1
Receivables	−12	−508,000	24	−62	8
Inventories	−5	−6	9	2	−8
Contract assets	13	−23	10	−3	−897,000
Accounts payable	6	10	−3	−5	15
Accrued compensation and benefits	−9	−12	2	−2	912,000
Contract liabilities	26	598,000	7	21	−14
Operating lease liability	−10	−13	−13	−12	−13
Accrued income taxes	4	−5	7	−7	—
Other current assets and liabilities	−26	9	1	12	1
Net cash provided by operating activities	122	125	204	103	100
Capital expenditures	−27	−36	−43	−45	−22
Proceeds from sales of property, plant and equipment	2	693,000	293,000	8	31
Purchases of marketable securities	−10	−2	−3	0	—
Sales/maturities of marketable securities	5	4	2	10	—
Acquisition of business, net of cash acquired	0	−232	0	0	—
Net cash used by investing activities	−31	−266	−44	−28	9
Proceeds from revolving credit facilities	93	77	197	486	0
Repayment on revolving credit facilities	−143	−57	−305	−328	—
Proceeds from term loans	0	250	0	0	—
Repayment of term loans	−3	−47	0	—	—
Payments of debt issuance costs	0	−4	0	0	—
Repurchase of common stock	−15	−45	−12	−74	−100
Dividends paid	−22	−22	−21	−20	−20
Other, net	−6	−6	−4	−4	−2
Net cash (used by) provided by financing activities	−96	146	−145	−91	−121
Effect of exchange rates on cash	2	−1	−129,000	−73,000	1
(Decrease) increase in cash and cash equivalents	−2	4	16	−16	−10
Capital expenditures in accounts payable	4	3	4	3	2

Filings

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