Apogee Enterprises (APOG) saw its stock plunge 8.87% in the pre-market trading session on Tuesday, despite reporting better-than-expected fiscal third-quarter 2025 earnings and sales. The architectural products and services company's sharp decline was driven by ongoing soft demand in its end markets and a lowered full-year outlook.
For the fiscal Q3 ended November 30, Apogee posted adjusted earnings of $1.19 per diluted share, down from $1.23 a year earlier but exceeding analyst estimates of $1.10. Net sales ticked up to $341.3 million from $339.7 million, surpassing expectations of $332.3 million. However, the company now expects full-year 2025 adjusted earnings per share to come in at the bottom of its $4.90 to $5.20 guidance range, on a net sales decline of about 5%.
Apogee's CEO Ty R. Silberhorn acknowledged the pressure from soft demand in the company's end markets, noting that this is impacting results in the near term despite efforts focused on long-term growth. Analysts view the lowered outlook as reflecting ongoing challenges in the architectural products industry, where demand has been weak.
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。