Apogee's second-quarter net sales rose 9.2% to $391.1M, but net earnings fell 5.4% to $22.4M, which included a prior-year $4.6 million gain related to a New Markets Tax Credit.

Filed October 6, 2026 · Period ending August 29, 2026 · Compared to 10-Q Oct 9, 2025 · ~2 min read

Key Changes

• high

  Net sales increased 9.2% to $391.1M in the fiscal second quarter, which the company attributes to $16.4 million contribution from the Kalwall acquisition, price, and favorable mix, partially offset by lower volume.

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• high

  Operating income rose 24.5% to $33.5M, and operating margin expanded 1.1 percentage points to 8.6%.

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• high

  Net earnings declined 5.4% to $22.4M, which included a prior-year $4.6 million gain related to a New Markets Tax Credit; the effective tax rate rose to 26.4% from 15.4%, primarily attributable to non-recurring favorable discrete tax items recognized in the prior year.

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