Apogee Enterprises' stock surged 13.20% during intraday trading on Friday, following the release of its fiscal first-quarter 2027 results that significantly exceeded analyst expectations.
The architectural products maker reported adjusted earnings per share of $0.57, beating the consensus estimate of $0.45. Quarterly sales came in at $342.7 million, also surpassing expectations of $333.8 million. The company swung to a net profit of $11.5 million from a loss in the prior-year quarter, with operating income more than doubling to $18.8 million.
Investors reacted positively as Apogee reaffirmed its fiscal 2027 guidance for adjusted EPS of $2.70 to $3.25 and net sales of $1.38 billion to $1.43 billion. The outlook could be further boosted by the pending Kalwall acquisition, which is expected to close in early July and would raise the sales guidance range to $1.43 billion to $1.48 billion.
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