Apogee Enterprises jumps on annual forecast raise, upbeat results

Shares of architectural products and services provider Apogee Enterprises APOG.O up 9.33% at $44

Co expects FY net sales in range of $1.40 bln to $1.44 bln, up from last quarter’s forecast of $1.37 bln to $1.43 bln

APOG expects to substantially mitigate the impact of tariffs in H2

Sees FY adj eps in range of $3.80 to $4.20 vs prior forecast of $3.55 to $4.10

Reports Q1 net sales of $346.6 mln above analysts average estimate of $325.5 mln, according to data provided by LSEG

Posts Q1 adj EPS of $0.56 vs analysts average estimate of $0.47

Co says FY outlook includes projected unfavorable EPS impact from tariffs of $0.35-$0.45

As of last close, stock down ~39.43% YTD