Earnings Report - Apogee Enterprises, Inc. is set to release its third-quarter earnings results on January 7, 2026, before the market opens [1] - Analysts predict earnings of $1.01 per share, a decrease from $1.19 per share in the same quarter last year [1] - Revenue is expected to reach $355.29 million, an increase from $341.34 million year-over-year [1] Analyst Upgrade - DA Davidson analyst Brent Thielman upgraded Apogee Enterprises from Neutral to Buy, setting a price target of $47 [2] - The company currently offers an annual dividend yield of 2.74%, translating to a quarterly dividend of 26 cents per share, or $1.04 annually [2] Dividend Strategy - To generate $500 monthly or $6,000 annually from dividends, an investment of approximately $218,991 or around 5,769 shares is required [2] - For a more modest income of $100 monthly or $1,200 annually, an investment of $43,806 or about 1,154 shares is necessary [2] Dividend Yield Calculation - The dividend yield is calculated by dividing the annual dividend payment by the stock's current price [3] - Changes in stock price affect the dividend yield; for instance, if the stock price increases, the yield decreases, and vice versa [3][4] Stock Performance - Shares of Apogee Enterprises increased by 0.9%, closing at $37.96 [4]

Core Insights - Apogee Enterprises is set to release its third-quarter earnings on January 7, 2026, with expected earnings of $1.01 per share, a decrease from $1.19 per share in the same period last year. Revenue is anticipated to rise to $355.29 million from $341.34 million year-over-year [1] Group 1: Earnings Expectations - Analysts predict a quarterly earnings report of $1.01 per share for Apogee Enterprises, down from $1.19 per share in the previous year [1] - Revenue is expected to increase to $355.29 million, compared to $341.34 million a year earlier [1] Group 2: Analyst Upgrade and Price Target - DA Davidson analyst Brent Thielman upgraded Apogee Enterprises from Neutral to Buy, setting a price target of $47 [2] - The company currently offers an annual dividend yield of 2.74%, translating to a quarterly dividend of 26 cents per share, or $1.04 annually [2] Group 3: Dividend Yield Calculations - To achieve a monthly income of $500 from dividends, an investment of approximately $218,991 or around 5,769 shares is required. For a more modest goal of $100 per month, an investment of $43,806 or about 1,154 shares is necessary [2] - The dividend yield is calculated by dividing the annual dividend payment by the stock's current price, which can fluctuate based on stock price changes [3] Group 4: Impact of Dividend Changes - Changes in dividend payments can affect the yield; an increase in dividends raises the yield if the stock price remains constant, while a decrease lowers it [4] - Apogee Enterprises' shares rose by 0.9% to close at $37.96 [4]

Group 1 - Apogee Enterprises, Inc. will report its fiscal 2026 third quarter results on January 7, 2026, before the market opens [1] - A conference call will be hosted at 8:00 a.m. Central Time on the same day [1] - Access to the live webcast will be available on the company's website, with a replay and transcript provided shortly after the call [2] Group 2 - Apogee Enterprises, Inc. is a leading provider of architectural building products and services, including high-performance coated materials [3] - The company's product portfolio includes architectural glass, windows, curtainwall, storefront and entrance systems, integrated project management and installation services, and high-performance coatings [3] - Apogee is headquartered in Minneapolis, MN, and focuses on innovative design and enhanced performance in its offerings [3]

Core Viewpoint - Apogee Enterprises, Inc. (NASDAQ:APOG) is highlighted as a strong dividend stock with significant upside potential, with an average price target suggesting a 27% increase and a Street high indicating a 62% upside [1][2]. Financial Performance - For the second quarter of fiscal 2026, Apogee reported consolidated net sales of $358.2 million, reflecting a 4.6% increase year-over-year, supported by $24.9 million in sales from the UW Solutions acquisition and increased volume in Architectural Services [2]. - The company returned $11 million to shareholders through dividend payouts during the quarter [2]. Strategic Initiatives - CEO Ty R. Silberhorn emphasized the company's focus on executing its strategy and tariff mitigation plans in a dynamic operating environment, aiming to build a stronger Apogee positioned for future growth [2]. - The growth potential from the acquisition of UW Solutions, along with cost savings and operational efficiencies from Project Fortify Phase 2, is expected to enhance long-term shareholder value [2]. Company Overview - Apogee Enterprises is a Minneapolis-based manufacturer of architectural products and services, operating in the United States, Canada, and Brazil, with four main divisions: Architectural Metals, Architectural Glass, Architectural Services, and Performance Surfaces [3].

Core Insights - The Zacks Glass Products industry is set to benefit from increasing demand for glass in packaging and construction due to its recyclability and sustainability [1][4] - Companies like O-I Glass and Apogee Enterprises are expected to capitalize on this demand by enhancing capacity and innovating products [2] Industry Overview - The Zacks Glass Products industry includes manufacturers of glass products, such as containers for beverages, food, and pharmaceuticals, as well as coated and high-performance glass for construction [3] - Smart glass technology is being developed to improve energy efficiency and comfort in buildings [3][6] Major Trends - Glass packaging is gaining popularity due to its recyclability, with over 80% of recycled bottles being reused to make new bottles [4] - The construction sector is increasingly adopting glass as a sustainable alternative to traditional materials, driven by rising construction activities and government incentives for green building [5] Technological Innovations - Smart glass panels are being introduced to enhance natural light access while minimizing glare and heat, contributing to energy savings [6] Pricing and Efficiency - The industry faces rising costs in transportation and materials, prompting companies to focus on pricing strategies and automation to improve efficiency [7] Industry Ranking and Performance - The Zacks Glass Products industry holds a Zacks Industry Rank of 13, placing it in the top 5% of 245 Zacks industries, indicating positive prospects [8][9] - The industry's earnings estimates have increased by 4% over the past three months, reflecting growing analyst confidence [10] Market Performance - The Glass Products industry has underperformed the S&P 500 and the Industrial Products sector, with a collective decline of 28% over the past year [12] Valuation Metrics - The industry is currently trading at a trailing 12-month EV/EBITDA ratio of 4.71X, significantly lower than the S&P 500's 18.01X and the Industrial Products sector's 24.13X [15] Company Highlights - O-I Glass is implementing a cost-reduction initiative expected to generate $250-$300 million in benefits by 2025, with a long-term goal of over $650 million by 2027 [19] - O-I Glass has seen an 8.2% increase in earnings estimates for fiscal 2025, with a projected earnings growth of 96.3% year-over-year [20] - Apogee Enterprises is focusing on cost control and efficiency improvements, with expected annualized pre-tax savings of $13-$15 million from its Project Fortify [25]

Core Insights - The industrials sector has several oversold stocks, presenting potential buying opportunities for undervalued companies [1][2] Company Summaries - **Automatic Data Processing Inc (NASDAQ:ADP)**: Reported quarterly revenues of $5.18 billion, exceeding analyst expectations of $5.14 billion, with a year-over-year revenue increase of 7%. The company maintains a revenue growth outlook of 5%-6% for the fiscal year, with adjusted diluted EPS growth projected at 8%-10%. The stock has fallen approximately 11% in the past month, with a 52-week low of $255.16 and an RSI value of 25.6 [7] - **Alamo Group Inc (NYSE:ALG)**: Set to release third-quarter financial results on November 6. The stock has decreased around 7% over the past month, with a 52-week low of $157.07 and an RSI value of 26.3 [7] - **Apogee Enterprises Inc (NASDAQ:APOG)**: Reported better-than-expected second-quarter results, with revenue growth in Performance Surfaces and Architectural Services. The stock has dropped about 33% in the last five days, reaching a 52-week low of $1.52, and has an RSI value of 26.7 [7]

Group 1 - The industrials sector has several oversold stocks, presenting potential buying opportunities for undervalued companies [1][2] - An asset is considered oversold when the Relative Strength Index (RSI) is below 30, which helps traders gauge short-term performance [1] Group 2 - Automatic Data Processing Inc (ADP) reported quarterly revenues of $5.18 billion, exceeding analyst expectations of $5.14 billion, with a year-over-year revenue increase of 7% [7] - ADP maintained its revenue growth outlook of 5%-6%, equating to $21.6 billion-$21.8 billion, and adjusted diluted EPS growth of 8%-10%, or $10.81-$11.01, against analyst consensus of $21.8 billion and $10.92 respectively [7] - ADP's stock has fallen approximately 11% over the past month, with a 52-week low of $255.16 and an RSI value of 25.6 [7] Group 3 - Alamo Group Inc (ALG) will release its third-quarter financial results on November 6, with its stock having decreased around 7% in the past month and a 52-week low of $157.07 [7] - ALG's RSI value is 26.3, and its shares closed at $174.79 after a 1.5% decline [7] Group 4 - Apogee Enterprises Inc (APOG) reported better-than-expected second-quarter results, with revenue growth in Performance Surfaces and Architectural Services [7] - APOG's stock has dropped about 33% over the last five days, reaching a 52-week low of $1.52, with an RSI value of 26.7 [7] - Shares of Apogee Enterprises fell 1.1% to close at $35.27 [7]

Core Viewpoint - Apogee Enterprises, Inc. has announced a leadership transition with Donald A. Nolan appointed as the new CEO effective October 31, 2025, succeeding Ty R. Silberhorn, who will also leave the Board of Directors on the same date [1][2]. Leadership Transition - Donald A. Nolan will take over as CEO and will also serve as Executive Chair of the Board [1]. - Ty R. Silberhorn has led the company for nearly five years and expressed pride in the company's progress during his tenure [2]. - Patricia K. Wagner has been appointed as the Independent Lead Director of the Board [1]. Leadership Experience - Donald A. Nolan has extensive leadership experience, having joined Apogee's Board in 2013 and served as Chairman since 2020 [2]. - He previously held CEO and President roles at Kennametal Inc. and Avery Dennison Corporation, respectively [2]. Strategic Outlook - Nolan aims to foster a growth-oriented culture at Apogee and is confident in the company's ability to create long-term value for shareholders [3]. - The company has reaffirmed its fiscal 2026 outlook, projecting net sales between $1.39 billion and $1.42 billion, and adjusted diluted EPS of $3.60 to $3.90 [3]. Company Overview - Apogee Enterprises, Inc. is a leading provider of architectural building products and services, as well as high-performance coated materials [4][6]. - The company reported revenues of $1.4 billion in 2023 and employs approximately 4,400 people [6][11].

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Core Insights - Apogee Enterprises, Inc. (APOG) reported adjusted earnings per share (EPS) of 98 cents for Q2 fiscal 2026, exceeding the Zacks Consensus Estimate of 86 cents, but reflecting a 31.9% decrease from the prior-year quarter [1][10] - The company generated revenues of $358 million in the quarter, a 4.6% increase year-over-year, surpassing the Zacks Consensus Estimate of $334 million, driven by the acquisition of UW Solutions and higher Architectural Services volumes [2][10] - Apogee revised its fiscal 2026 guidance for net revenues to $1.39-$1.42 billion and adjusted EPS to $3.60-$3.90, down from previous estimates due to tariff headwinds and weaker margins [12] Financial Performance - Cost of sales increased by 12.4% year-over-year to $275.6 million, leading to a gross profit decline of 15.1% to $83 million, with gross margin decreasing to 23.1% from 28.4% [3] - Selling, general and administrative expenses rose by 0.7% to $56 million, while operating income fell by 35.9% to $27 million, resulting in an operating margin of 7.5% compared to 12.3% in the prior year [4] - Cash and cash equivalents stood at $39.5 million at the end of Q2 fiscal 2026, down from $41 million at the end of fiscal 2025, with cash provided by operating activities at $57.1 million [9] Segment Performance - Revenues in the Architectural Metals segment decreased by 0.3% year-over-year to $141 million, with adjusted EBITDA at $20.8 million [5] - Architectural Glass segment revenues fell by 19.9% to $72 million, with adjusted EBITDA around $12 million [6] - Performance Surfaces segment revenues surged by 144% to $48 million, with adjusted EBITDA increasing to $11.2 million [7] Backlog and Debt - The backlog for the Architectural Services segment increased to $792 million at the end of Q2 fiscal 2026, up from $682 million in the previous quarter [8] - Long-term debt decreased to $270 million at the end of Q2 fiscal 2026, down from $285 million at the end of fiscal 2025 [11] Stock Performance - Apogee's shares have declined by 45.1% over the past year, compared to a 25.8% decline in the industry [13]