Apogee's CEO Expects To Mitigate Tariffs Later This Year, Lifts Forecast

Apogee Enterprises Inc. (NASDAQ:APOG) shares traded higher Thursday after the company reported better-than-expected first-quarter fiscal 2025 results.

Revenue rose 4.6% year over year to $346.62 million, topping the consensus estimate of $325.48 million. Growth was driven by $22 million in sales from the UW Solutions acquisition, partly offset by lower volume and a less favorable mix.

Adjusted earnings per share came in at 56 cents, beating the Street estimate of 47 cents.

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Gross margin declined to 21.7% from 29.8%, impacted by $6.9 million in restructuring charges, higher aluminum costs, unfavorable product mix, and increased tariff expenses.

SG&A expenses rose to 19.7% of sales, up 240 basis points, due to $8.4 million in restructuring charges and higher amortization from the UW Solutions deal.

Operating income fell to $6.9 million, impacted by $15.3 million in restructuring costs, unfavorable mix, higher aluminum ...