Stock Track | Apogee Enterprises Plunges 14.08% in Pre-Market on Earnings Miss, Weak Guidance, and CFO Resignation

Stock Track01-07

Apogee Enterprises' stock plummeted 14.08% in pre-market trading on Wednesday following disappointing quarterly results and a weaker-than-expected fiscal 2026 outlook. The architectural products provider also announced the resignation of its CFO, adding to investor concerns.

The company reported Q3 sales of $348.563 million, missing the consensus estimate of $353.985 million, while adjusted EPS of $1.02 was in line with some estimates but below others. For fiscal 2026, Apogee expects adjusted EPS in the range of $3.40 to $3.50, significantly below the FactSet estimate of $3.66, citing unfavorable tariff impacts and higher costs.

Investor sentiment was further dampened by the unexpected resignation of CFO Matthew Osberg, who stepped down to pursue another opportunity. The company appointed Mark Augdahl as interim CFO, but the leadership transition added uncertainty amid already weak financial performance.

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