Apogee Q1 FY27: Operating margin improves 350bp on cost savings; $105M KCI acquisition announced

Filed June 30, 2026 · Period ending May 30, 2026 · Compared to 10-Q Jul 2, 2025 · ~2 min read

Key Changes

• high

  Announced definitive agreement to acquire Keller Companies, Inc. (KCI) for ~$105M cash plus up to $10M earn-out, to be integrated into Architectural Glass Segment; closing expected early July 2026, funded with cash and revolver borrowings.

  MD&A: KCI acquisition verify on EDGAR →
• high

  Operating margin expanded 350bp to 5.5% (from 2.0% prior year) as Project Fortify Phase 2 cost savings flowed through; net earnings turned positive at $11.5M vs. $2.7M loss in Q1 FY26, which carried $15.3M restructuring charges.

  MD&A: Operating income and margin verify on EDGAR →
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  Net sales declined 1.1% to $342.7M on lower volume in Architectural Metals and Glass segments, partially offset by Architectural Services improvement; adjusted EBITDA fell to $32.1M (9.4% margin) from $34.4M (9.9%) on higher material/freight costs.

  MD&A: Net sales and adjusted EBITDA verify on EDGAR →