"Our performance this quarter demonstrates the sustainable operating improvements we've achieved through executing our strategy." - Ty Silberhorn
— Ty Silberhorn
03Detailed Report
APOG
Apogee Enterprises Inc
Period
Q1 2025
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedMay 22, 2026
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Executive Summary
Apogee Enterprises Inc reported a strong start to Q1 2025 despite facing a challenging environment in the construction sector. The company delivered a net income of $31.0 million, translating to diluted EPS of $1.41, indicating a 31.5% year-over-year growth. While revenue declined by 8.4% YoY to $331.5 million due to lower volumes, particularly in the framing and architectural glass segments, the adjusted operating margin improved to 12.8%, the highest in the company's history. Management attributed this success to effective cost management, productivity gains, and a strategic shift towards higher-margin products, showcasing resilience against end-market softness. Looking ahead, Apogee's strategic initiatives and backlog diversification offer potential growth despite expected headwinds in some market verticals.
Key Performance Indicators
Revenue
Decreasing
331.52M
QoQ: -8.38% | YoY: -8.35%
Gross Profit
Increasing
98.86M
29.82% margin
QoQ: 11.74% | YoY: 6.31%
Operating Income
Increasing
42.50M
QoQ: 24.03% | YoY: 25.87%
Net Income
Increasing
31.01M
QoQ: 97.07% | YoY: 31.54%
EPS
Increasing
1.42
QoQ: 97.22% | YoY: 31.48%
Revenue Trend
Margin Analysis
Financial Highlights
- Revenue: $331.5 million, down 8.4% YoY; - Gross Profit: $98.9 million, yielding a gross margin of 29.8%; - Operating Income: $42.5 million, with an operating margin of 12.8% (+350 basis points YoY); - Net Income: $31.0 million, leading to an EPS of $1.41 (+31.5% YoY); - Cash at Period End: $30.4 million; - Total Debt: $119.6 million; - Current Ratio: 1.64; - The company expects revenue to decline by 4% to 7% for FY 2025, with adjusted operating margins to remains robust at around 12%.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
331.52M
-8.35%
-8.38%
Gross Profit
98.86M
6.31%
11.74%
Operating Income
42.50M
25.87%
24.03%
Net Income
31.01M
31.54%
97.07%
EPS
1.42
31.48%
97.22%
Key Financial Ratios
Gross Profit Margin
Fair
29.80%
Gross profit margin is moderate, room for improvement in cost management
Operating Profit Margin
Fair
12.80%
Operating margin is moderate, room for improvement in cost management
Net Profit Margin
Fair
9.35%
Net profit margin is moderate, room for improvement in cost management
Return on Assets
Fair
3.49%
Return on assets is acceptable but below top-tier companies
Return on Equity
Fair
6.46%
Return on equity is acceptable but below top-tier companies
Current Ratio
Healthy
1.64
Current ratio shows adequate liquidity to meet short-term obligations
Debt to Equity
Conservative
0.25
Debt-to-equity shows conservative leverage and low financial risk
P/E Ratio
Value
11.43x
P/E ratio suggests potential undervaluation or stable earnings
Price to Book
Fair Value
2.95x
Price-to-book ratio reasonable for profitable companies
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