Apogee Enterprises, Inc. (APOG), a provider of architectural products and services for enclosing buildings, on Wednesday reported a decline in third-quarter fiscal 2026 earnings despite higher revenue.
For the third quarter of fiscal 2026, net earnings declined 21.2 percent to $16.55 million from $20.99 million in the prior year.
Earnings per share were $0.77 versus $0.96 last year.
Adjusted earnings declined to $22.03 million from $26.11 million in the previous year.
Adjusted earnings per share were $1.02 versus $1.19 last year.
On average, three analysts had expected the company to report $1.01 per share. Analysts' estimates typically exclude special items.
Adjusted EBITDA increased to $46.13 million from $45.80 million in the same period last year.
Operating income decreased to $24.88 million from $28.63 million in the previous year.
Net sales increased to $348.56 million from $341.34 million in the prior year.
Further, the company expected net sales to be approximately $1.39 billion for the fiscal year 2026.
The company also anticipated earnings per share to range between $2.49 to $2.65 and adjusted diluted EPS in the range of $3.40 to $3.50.
In the pre-market trading, Apogee is 13.76% lesser at $32.16 on the Nasdaq.
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