Recent Updates — APOG
Apogee Enterprises reported second-quarter fiscal 2027 net sales of $391.1 million, a 9.2% increase driven by the Kalwall acquisition, pricing, and favorable mix. Diluted earnings per share were $1.07, while adjusted diluted EPS rose to $1.17 from $0.98 in the prior year period. Operating income increased 24.5% to $33.5 million with an operating margin of 8.6%. The company raised its fiscal 2027 full-year adjusted diluted EPS guidance range to $3.00-$3.40 from $2.70-$3.25, citing strong first-half performance and anticipated contributions from recent acquisitions including Kalwall and Groglass. Apogee Enterprises is a leading provider of architectural building products and services, as well as high-performance coated materials.
Apogee Enterprises completed the acquisition of SIA Alzette and its subsidiary GroGlass on September 18, 2026. The transaction values GroGlass at approximately €62.5 million (about $71.8 million) on a cash-free, debt-free basis, with up to €10 million in contingent earnout consideration based on three-year financial performance targets. Funding was provided through available cash and borrowings under the existing revolving credit facility. Apogee Enterprises operates in the architectural building products and high-performance coated materials industry.
Apogee Enterprises announced that Patricia K. Wagner will retire from the Board effective October 2, 2026, citing no disagreements with company operations. The Board elected Julie K. Streich as a Class I director and appointed her to the Audit Committee, increasing board size from eight to nine members. Streich, former CFO of Barnes Group Inc., received a pro-rated $75,000 cash retainer for fiscal 2027 and a restricted stock award of 2,530 shares valued at approximately $95,864 based on the September 11 closing price of $37.88. The company operates in the architectural building products industry.
Apogee Enterprises entered into a Share Purchase Agreement on September 2, 2026, to acquire SIA GroGlass through a wholly owned subsidiary for approximately €62.5 million ($72.5 million) on a cash-free, debt-free basis. The transaction includes up to €10 million in contingent earnout payments based on financial performance over three years post-closing. Apogee intends to finance the acquisition using existing cash and its credit facility, with closing expected in the third quarter of fiscal 2027. GroGlass is a Latvian provider of high-performance glass surface solutions specializing in anti-reflective coatings for display, architectural, and technical applications. The company operates in the architectural building products and services industry.
On August 5, 2026, Apogee Enterprises, Inc. elected Joseph B. Hayek as a Class II director expiring in 2027 and Suresh Krishna as a Class III director expiring in 2028. Both directors are independent under Nasdaq standards with no committee assignments determined yet. Mr. Hayek is President and CEO of Worthington Enterprises, Inc., while Mr. Krishna serves as President and CEO of Proto Labs, Inc. Each received an annual cash retainer of $75,000 and a time-based restricted stock award of 2,454 shares vesting over three years. The company's common stock closed at $42.96 per share on the announcement date. Apogee Enterprises, Inc. operates in the building products industry, manufacturing architectural glass and related systems.
Apogee Enterprises, Inc. completed the acquisition of Keller Companies, Inc. (KCI) and its subsidiaries, Kalwall Corporation and Structures Unlimited, Inc., on July 1, 2026. The transaction involved a base purchase price of $105 million in cash, plus up to $10 million in contingent consideration based on future performance. The acquisition was funded through available cash and existing revolving credit facility borrowings. Apogee Enterprises, Inc. operates in the building and construction products industry.