Apogee Enterprises Inc. (NASDAQ:APOG) stock surged Friday after the architectural products maker reported fiscal first-quarter 2027 results that beat Wall Street estimates on both earnings and revenue while affirming its full-year outlook.
Q1 Earnings Top Expectations
Adjusted diluted earnings came in at 57 cents per share, topping the analyst consensus estimate of 45 cents. Net sales totaled $342.7 million, ahead of the $333.8 million estimate.
Revenue declined 1.1% from a year earlier due to lower sales volume. However, favorable pricing and product mix partly offset the decline. GAAP diluted earnings were 54 cents per share, compared with a loss of 13 cents in the prior-year quarter.
Net earnings increased to $11.5 million from a loss of $2.7 million a year earlier. Operating income rose to $18.8 million from $6.9 million, while operating margin expanded to 5.5% from 2.0%.
