Latest news with #Metals
Toronto Star
6 days ago
- Business
- Toronto Star
Metals & Mining Virtual Investor Conference: Presentations Now Available for Online Viewing
NEW YORK, July 25, 2025 (GLOBE NEWSWIRE) — Virtual Investor Conferences, the leading proprietary investor conference series, today announced the presentations from the Metals & Mining Virtual Investor Conference, held July 23rd and 24th are now available for online viewing.
Yahoo
6 days ago
- Business
- Yahoo
Metals & Mining Virtual Investor Conference: Presentations Now Available for Online Viewing
Company Executives Share Vision and Answer Questions Live at NEW YORK, July 25, 2025 (GLOBE NEWSWIRE) -- Virtual Investor Conferences, the leading proprietary investor conference series, today announced the presentations from the Metals & Mining Virtual Investor Conference, held July 23rd and 24th are now available for online viewing. REGISTER AND VIEW PRESENTATIONS HERE The company presentations will be available 24/7 for 90 days. Investors, advisors, and analysts may download investor materials from the company's resource section. Select companies are accepting 1x1 management meeting requests through July 29th. July 23rd Presentation Ticker(s) Andean Silver Ltd. (OTCQX: ADSLF | ASX: ASL) G50 Corp. Limited (OTCQB: GFTYF | ASX: G50) Silver Tiger Metals Inc. (OTCQX: SLVTF | TSXV: SLVR) Viva Gold Corp. (OTCQB: VAUCF | TSXV: VAU) Liberty Gold Corp. (OTCQX: LGDTF | TSX: LGD) UR-Energy Inc. (NYSE American: URG | TSX: URE) Arizona Sonoran Copper Company (OTCQX: ASCUF | TSX: ASCU) Northisle Copper & Gold Inc. (OTCQX: NTCPF | TSXV: NCX) Element79 Gold Corp. (OTCQB: ELMGF | CSE: ELEM) Rackla Metals Inc. (TSXV: RAK) July 24th Presentation Ticker(s) Heliostar Metals Ltd. (OTCQX: HSTXF | TSXV: HSTR) Camino Minerals Corp (OTCID: CAMZF | TSXV: COR) West Red Lake Gold Mines Ltd. (OTCQB: WRLGF | TSXV: WRLG) Silver47 Exploration Corp. (OTCQB: AAGAF | TSXV: AGA) Axcap Ventures Inc. (OTCID: GARLF | CSE: AXCP) AbraSilver Resource Corp. (OTCQX: ABBRF | TSX: ABRA) Myriad Uranium Corp. (OTCQB: MYRUF | CSE: M) To facilitate investor relations scheduling and to view a complete calendar of Virtual Investor Conferences, please visit About Virtual Investor Conferences® Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors. Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors. Media Contact: OTC Markets Group Inc. +1 (212) 896-4428, media@ Virtual Investor Conferences Contact:John M. ViglottiSVP Corporate Services, Investor AccessOTC Markets Group (212) 220-2221johnv@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22-07-2025
- Business
- Yahoo
Metals & Mining Virtual Investor Conference Agenda Announced for July 23rd and 24th
Company Executives Share Vision and Answer Questions Live at NEW YORK, July 22, 2025 (GLOBE NEWSWIRE) -- Virtual Investor Conferences, the leading proprietary investor conference series announced the agenda for the Metals & Mining Virtual Investor Conference to be held July 23rd and 24th. Individual investors, institutional investors, advisors, and analysts are invited to attend. REGISTER HERE It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates. There is no cost to log-in, attend live presentations, or schedule 1x1 meetings with management. "We're pleased to bring together a diverse lineup of resource companies for this new edition of the Metals & Mining Virtual Investor Conference,' said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. 'From explorers to producers, these companies reflect the depth and global reach of today's metals and mining sector. This two-day event continues to be an effective platform for companies—whether OTCQX, OTCQB, OTCID, or exchange listed—to connect with investors and share their strategic vision in real time.' July 23rd EasternTime (ET) Presentation Ticker(s) 9:30 AM ET Andean Silver Ltd. (OTCQX: ADSLF | ASX: ASL) 10:00 AM ET G50 Corp. Limited (OTCQB: GFTYF | ASX: G50) 10:30 AM ET Silver Tiger Metals Inc. (OTCQX: SLVTF | TSXV: SLVR) 11:00 AM ET Viva Gold Corp. (OTCQB: VAUCF | TSXV: VAU) 11:30 AM ET Liberty Gold Corp. (OTCQX: LGDTF | TSX: LGD) 12:00 PM ET UR-Energy Inc. (NYSE American: URG | TSX: URE) 12:30 PM ET Arizona Sonoran Copper Company (OTCQX: ASCUF | TSX: ASCU) 1:00 PM ET Northisle Copper & Gold Inc. (OTCQX: NTCPF | TSXV: NCX) 1:30 PM ET Element79 Gold Corp. (OTCQB: ELMGF | CSE: ELEM) 2:00 PM ET Rackla Metals Inc. (TSXV: RAK) July 24th EasternTime (ET) Presentation Ticker(s) 11:00 AM ET Heliostar Metals Ltd. (OTCQX: HSTXF | TSXV: HSTR) 11:30 AM ET Camino Minerals Corp (OTCID: CAMZF | TSXV: COR) 12:00 PM ET West Red Lake Gold Mines (OTCQB: WRLGF | TSXV: WRLG) 12:30 PM ET Silver47 Exploration Corp. (OTCQB: AAGAF | TSXV: AGA) 1:30 PM ET Axcap Ventures Inc. (OTCID: GARLF | CSE: AXCP) 2:00 PM ET AbraSilver Resource Corp. (OTCQX: ABBRF | TSX: ABRA) 2:30 PM ET Myriad Uranium Corp. (OTCQB: MYRUF | CSE: M) To facilitate investor relations scheduling and to view a complete calendar of Virtual Investor Conferences, please visit About Virtual Investor Conferences® Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors. Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors. Media Contact: OTC Markets Group Inc. +1 (212) 896-4428, media@ Virtual Investor Conferences Contact:John M. ViglottiSVP Corporate Services, Investor AccessOTC Markets Group (212) 220-2221johnv@
Yahoo
18-07-2025
- Business
- Yahoo
Silver Tiger Metals to Present at the Metals & Mining Virtual Investor Conference July 23rd
Company invites individual and institutional investors, as well as advisors and analysts, to attend online at HALIFAX, Nova Scotia, July 18, 2025 (GLOBE NEWSWIRE) -- Silver Tiger Metals Inc. (TSXV:SLVR)(OTCQX:SLVTF), based in Halifax, Nova Scotia, focused on Developing Production at the El Tigre Silver Mining District in Sonora Mexico, today announced that Glenn Jessome, President & CEO, will present live at the Metals & Mining Virtual Investor Conference hosted by on July 23, 2025. DATE: July 23TIME: 10:30 AM ETLINK: REGISTER HEREAvailable for 1x1 meetings: July 23 - 25 This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event. It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates. Learn more about the event at About Silver Tiger and the El Tigre Historic Mine District Silver Tiger Metals Inc. is a Canadian company whose management has more than 27 years' experience discovering, financing, and building large hydrothermal gold and silver mines in Mexico. Silver Tiger's 100% owned 28,414 hectare Historic El Tigre Mining District is located in Sonora, Mexico. Principled environmental, social and governance practices are core priorities at Silver Tiger. Silver Tiger commenced work on its El Tigre Project in 2017. El Tigre intends to build an open pit and underground mine. Silver Tiger has drilled over 150,000 meters at the El Tigre Project, with 119,000 meters completed since 2020. Silver Tiger has completed several MREs, a maiden MRE in 2017 and MRE updates in 2023 and 2024. The PEA for the El Tigre open pit was released in November 2023. The October 2024 PFS for the El Tigre open pit delivered robust economics. The PFS projects an After-Tax NPV of US$222 million at a 5% discount rate, an After-Tax IRR of 40.0%, and a payback period of 2.0 years. This open pit operation is expected to have a 10-year mine life. The El Tigre project delivers a life of mine undiscounted After-Tax Cash Flow of US$318 million, with initial capital costs of $86.8 million (including $9.3 million in contingency). Operating cash costs are projected at $973/oz AuEq and $12/oz AgEq, with AISC at $1,214/oz AuEq and $14/oz AgEq. The economics of the Project have been evaluated based on a discounted $26/oz silver price and gold price of $2,150/oz. Silver Tiger is now drilling from underground drill pads, focusing on the high-grade silver Veins, Sulphide and Shale Zones. A PEA for the permitted underground mineral resource is expected to be released in July 2025. About Virtual Investor Conferences®Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors. Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors. CONTACTS:Silver Tiger Metals DevarennesVP Corporate Development & Investor Relations902-233-3656Devin@ Virtual Investor Conferences John M. ViglottiSVP Corporate Services, Investor AccessOTC Markets Group (212) 220-2221johnv@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
27-06-2025
- Business
- Business Wire
Apogee Enterprises Reports Fiscal 2026 First Quarter Results
MINNEAPOLIS--(BUSINESS WIRE)-- Apogee Enterprises, Inc. (Nasdaq: APOG), a leading provider of architectural building products and services, as well as high-performance coated materials used in a variety of applications, today reported its results for the first quarter of fiscal 2026, ended May 31, 2025. The Company reported the following selected financial results: Ty R. Silberhorn, Apogee's Chief Executive Officer, stated: 'We are pleased to deliver results ahead of our expectations in the first quarter amid challenging market conditions and year-over-year headwinds. We are also raising our fiscal year outlook for net sales and adjusted diluted EPS as we build momentum for what we expect will be a stronger second half of the year.' Mr. Silberhorn continued, 'Although tariffs adversely impacted our first quarter results, we continue to execute our mitigation plans and barring any material change to tariff policies, we expect to be able to substantially mitigate the impact of tariffs on the second half of the fiscal year.' Mr. Silberhorn concluded, 'We also continue to be excited about the opportunities to build a platform for growth in our Performance Surfaces segment. Our recent investments in additional capacity, and the acquisition of UW Solutions, expand our market reach and broaden our product offerings. We are executing a structured integration plan to bring out the best in both businesses. We are encouraged by the early results of the acquisition, and they demonstrate how we can use our balance sheet to acquire assets to set us up for future growth.' Consolidated Results (First Quarter Fiscal 2026 compared to First Quarter Fiscal 2025) Net sales increased 4.6% to $346.6 million, primarily driven by $22.0 million of inorganic sales from the acquisition of UW Solutions. Growth from inorganic sales was partially offset by lower volume in Architectural Glass and a less favorable mix in Architectural Metals. Gross margin decreased to 21.7% from 29.8% primarily due to restructuring charges of $6.9 million, a less favorable mix and higher aluminum costs in Architectural Metals, and higher tariff expense in Architectural Services. Selling, general and administrative (SG&A) expense as a percent of net sales increased 240 basis points to 19.7%, primarily due to restructuring charges of $8.4 million and increased amortization expense associated with the UW Solutions transaction, partially offset by lower long-term incentive expense. Operating income decreased to $6.9 million, primarily driven by restructuring charges related to Project Fortify Phase 2 of $15.3 million, a less favorable mix and higher aluminum costs in Architectural Metals, higher tariff expense in Architectural Services, and increased amortization expense associated with the UW Solutions transaction, partially offset by lower long-term incentive expense. Adjusted EBITDA decreased to $34.4 million and adjusted EBITDA margin decreased to 9.9%. The decrease in adjusted EBITDA margin was primarily driven by a less favorable mix and higher aluminum costs in Architectural Metals, as well as higher tariff expense in Architectural Services, partially offset by lower long-term incentive expense. Net interest expense increased to $3.8 million, primarily due to increased debt resulting from the acquisition of UW Solutions. Income tax expense decreased to $5.1 million, primarily driven by lower earnings before taxes. Net income decreased from net earnings of $31.0 million to a net loss of $2.7 million. Diluted loss per share was $0.13. Adjusted diluted EPS was $0.56, primarily driven by lower adjusted operating income. Segment Results (First Quarter Fiscal 2026 Compared to First Quarter Fiscal 2025) Architectural Metals Architectural Metals net sales were $128.6 million, compared to $133.2 million, primarily reflecting a less favorable mix, partially offset by higher volume. Adjusted EBITDA was $9.4 million, or 7.3% of net sales, compared to $23.8 million, or 17.9% of net sales. The lower adjusted EBITDA margin was primarily driven by a less favorable mix, higher aluminum costs, unfavorable productivity, and unfavorable sales leverage, partially offset by the impact from higher volume. Architectural Services Architectural Services net sales were $106.5 million compared to $99.0 million, primarily due to increased volume. Adjusted EBITDA was $6.1 million, or 5.7% of net sales, compared to $6.6 million, or 6.6% of net sales. The decrease in adjusted EBITDA margin was primarily driven by the impact of higher tariff expense, partially offset by a more favorable mix of projects and favorable sales leverage. Segment backlog 2 at the end of the quarter was $682.9 million, compared to $720.3 million at the end of the fourth quarter. Architectural Glass Architectural Glass net sales were $73.3 million, compared to $86.7 million, primarily reflecting reduced volume due to lower end-market demand. Adjusted EBITDA was $13.4 million, or 18.3% of net sales, compared to $20.2 million, or 23.3% of net sales. The lower adjusted EBITDA margin was primarily driven by unfavorable sales leverage. Performance Surfaces Performance Surfaces net sales were $42.3 million, compared to $21.2 million. Net sales included $22.0 million of inorganic sales contribution from the acquisition of UW Solutions. Adjusted EBITDA was $8.0 million, or 18.8% of net sales compared to $5.6 million, or 26.6% of net sales. The lower adjusted EBITDA margin was primarily driven by the dilutive impact of lower adjusted EBITDA margin from UW Solutions, unfavorable mix, and increased corporate allocations expense. Corporate and Other Corporate and other adjusted EBITDA expense was $2.4 million, compared to $3.7 million, primarily driven by lower long-term incentive expense. Financial Condition Net cash used in operating activities was $19.8 million, compared to $5.5 million net cash provided by operating activities in the prior year period. The change was primarily driven by lower net earnings and an increase in cash used for working capital including a net payment of $13.7 million for the settlement of an arbitration award. Net cash used by investing activities was $7.0 million, primarily related to capital expenditures. The Company returned $5.5 million of cash to shareholders through dividend payments. Quarter-end long-term debt increased to $311 million, which increased the Consolidated Leverage Ratio 3 (as defined in the Company's credit agreement) to 1.6x at the end of the quarter. Project Fortify As previously announced, in the first quarter of fiscal 2026, the Company began the second phase of Project Fortify (referred to as "Project Fortify Phase 2" or "Phase 2") to drive further cost efficiencies, primarily in the Architectural Services and Architectural Metals Segments. Phase 2 will further optimize the manufacturing footprint and align resources to enable a more effective operating model. The Company continues to expect the actions of Phase 2 to incur a total of approximately $24 million to $26 million in pre-tax charges, and deliver estimated annualized pre-tax cost savings of approximately $13 million to $15 million. During the first quarter, the Company incurred $15.3 million of pre-tax costs associated with Phase 2. The Company expects the actions associated with Phase 2 to be substantially completed by the end of the fourth quarter of fiscal 2026. Fiscal 2026 Outlook The Company is raising its outlook for the fiscal year for both net sales and diluted EPS. The Company now expects net sales in the range of $1.40 billion to $1.44 billion (previously $1.37 billion to $1.43 billion), diluted EPS in the range of $2.59 to $3.12 (previously $2.54 to $3.19) and adjusted diluted EPS in the range of $3.80 to $4.20 (previously $3.55 to $4.10). This includes a projected unfavorable EPS impact from tariffs of $0.35 to $0.45, which will mostly impact the first half of the fiscal year before mitigation efforts take full effect. The Company's revised outlook assumes an effective tax rate of 33% and an adjusted effective tax rate of approximately 27.5%. The Company continues to assume capital expenditures between $35 million to $40 million. Conference Call Information The Company will host a conference call today at 8:00 a.m. Central Time to discuss this earnings release. This call will be webcast and is available in the Investor Relations section of the Company's website, along with presentation slides, at A replay and transcript of the webcast will be available on the Company's website following the conference call. About Apogee Enterprises Apogee Enterprises, Inc. (Nasdaq: APOG) is a leading provider of architectural building products and services, as well as high-performance coated materials used in a variety of applications. Headquartered in Minneapolis, MN, our portfolio of industry-leading products and services includes architectural glass, windows, curtainwall, storefront and entrance systems, integrated project management and installation services, and high-performance coatings that provide protection, innovative design, and enhanced performance. For more information, visit Use of Non-GAAP Financial Measures Management uses non-GAAP measures to evaluate the Company's historical and prospective financial performance, measure operational profitability on a consistent basis, as a factor in determining executive compensation, and to provide enhanced transparency to the investment community. Non-GAAP measures should be viewed in addition to, and not as a substitute for, the reported financial results of the Company prepared in accordance with GAAP. Other companies may calculate these measures differently, limiting the usefulness of the measures for comparison with other companies. This release and other financial communications may contain the following non-GAAP measures: Adjusted net earnings, adjusted diluted EPS, and adjusted EBITDA are used by the Company to provide meaningful supplemental information about its operating performance by excluding amounts that are not considered part of core operating results to enhance comparability of results from period to period. Adjusted EBITDA represents adjusted net earnings before interest, taxes, depreciation, and amortization. We use adjusted EBITDA to assess segment performance and make decisions about the allocation of operating and capital resources by analyzing recent results, trends, and variances of each segment in relation to forecasts and historical performance. Consolidated Leverage Ratio is calculated as Consolidated Funded Indebtedness minus Unrestricted Cash at the end of the current period, divided by Consolidated EBITDA (calculated as EBITDA plus certain non-cash charges and allowed addbacks, less certain non-cash income, plus the pro forma effect of acquisitions and certain pro forma run-rate cost savings for acquisitions and dispositions, as applicable for the trailing twelve months ended as of the current period). All capitalized and undefined terms used in this bullet are defined in the Company's credit agreement dated July 19, 2024. The Company is unable to present a quantitative reconciliation of forward-looking expected Consolidated Leverage Ratio to its most directly comparable forward-looking GAAP financial measure because such information is not available, and management cannot reliably predict all the necessary components of such GAAP financial measure without unreasonable effort or expense. In addition, the Company believes such reconciliation would imply a degree of precision that would be confusing or misleading to investors. Backlog is an operating measure used by management to assess future potential sales revenue. Backlog is defined as the dollar amount of signed contracts or firm orders, generally as a result of a competitive bidding process, which is expected to be recognized as revenue. It is most meaningful for the Architectural Services segment, due to the longer-term nature of their projects. Backlog is not a term defined under U.S. GAAP and is not a measure of contract profitability. Backlog should not be used as the sole indicator of future revenue because the Company has a substantial number of projects with short lead times that book-and-bill within the same reporting period that are not included in backlog. Forward-Looking Statements This press release contains 'forward-looking statements' within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. The words 'may,' 'believe,' 'expect,' 'anticipate,' 'intend,' 'estimate,' 'forecast,' 'project,' 'should,' 'will,' 'continue,' and similar expressions are intended to identify 'forward-looking statements'. These statements reflect Apogee management's expectations or beliefs as of the date of this release. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. All forward-looking statements are qualified by factors that may affect the results, performance, financial condition, prospects and opportunities of the Company, including the following: (A) North American and global economic conditions, including the cyclical nature of the North American and Latin American non-residential construction industries and the potential impact of an economic downturn or recession; (B) U.S. and global instability and uncertainty arising from events outside of our control; (C) actions of new and existing competitors; (D) departure of key personnel and ability to source sufficient labor; (E) product performance, reliability and quality issues; (F) project management and installation issues that could affect the profitability of individual contracts; (G) dependence on a relatively small number of customers in one operating segment; (H) financial and operating results that could differ from market expectations; (I) self-insurance risk related to a material product liability or other events for which the Company is liable; (J) maintaining our information technology systems and potential cybersecurity threats; (K) cost of regulatory compliance, including environmental regulations; (L) supply chain disruptions, including fluctuations in the availability and cost of materials used in our products and the impact of trade policies and regulations, including existing and potential future tariffs; (M) integration and future operating results of acquisitions, including but not limited to the acquisition of UW Solutions, and management of acquired contracts; (N) impairment of goodwill or indefinite-lived intangible assets; (O) our ability to successfully manage and implement our enterprise strategy; (P) our ability to maintain effective internal controls over financial reporting; (Q) our judgements regarding accounting for tax positions and resolution of tax disputes; (R) the impacts of cost inflation and interest rates; and (S) the impact of changes in capital and credit markets on our liquidity and cost of capital. The Company cautions investors that actual future results could differ materially from those described in the forward-looking statements and that other factors may in the future prove to be important in affecting the Company's results, performance, prospects, or opportunities. New factors emerge from time to time, and it is not possible for management to predict all such factors, nor can it assess the impact of each factor on the business or the extent to which any factor, or a combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. More information concerning potential factors that could affect future financial results is included in the Company's Annual Report on Form 10-K and in subsequent filings with the U.S. Securities and Exchange Commission. Apogee Enterprises, Inc. Consolidated Condensed Statements of Income (Unaudited) (In thousands, except per share amounts) Three Months Ended May 31, 2025 June 1, 2024 % Change Net sales $ 346,622 $ 331,516 4.6 % Cost of sales 271,497 232,661 16.7 % Gross profit 75,125 98,855 (24.0 )% Selling, general and administrative expenses 68,194 57,474 18.7 % Operating income 6,931 41,381 (83.3 )% Interest expense, net 3,846 450 754.7 % Other expense (income), net 682 (143 ) (576.9 )% Earnings before income taxes 2,403 41,074 (94.1 )% Income tax expense 5,091 10,063 (49.4 )% Net (loss) earnings $ (2,688 ) $ 31,011 (108.7 )% Basic (loss) earnings per share $ (0.13 ) $ 1.42 (109.2 )% Diluted (loss) earnings per share $ (0.13 ) $ 1.41 (109.2 )% Weighted average basic shares outstanding 21,338 21,823 (2.2 )% Weighted average diluted shares outstanding 21,338 22,061 (3.3 )% Cash dividends per common share $ 0.26 $ 0.25 4.0 % Expand Apogee Enterprises, Inc. Consolidated Condensed Balance Sheets (Unaudited) (In thousands) May 31, 2025 March 1, 2025 Assets Current assets Cash and cash equivalents $ 32,831 $ 41,448 Receivables, net 189,956 185,590 Inventories, net 103,901 92,305 Contract assets 69,457 71,842 Other current assets 51,814 50,919 Total current assets 447,959 442,104 Property, plant and equipment, net 263,279 268,139 Operating lease right-of-use assets 58,961 62,314 Goodwill 236,560 235,775 Intangible assets, net 119,117 128,417 Other non-current assets 30,956 38,520 Total assets $ 1,156,832 $ 1,175,269 Liabilities and Shareholders' Equity Current liabilities Accounts payable 97,763 98,804 Accrued compensation and benefits 32,153 48,510 Contract liabilities 43,342 35,193 Operating lease liabilities 15,671 15,290 Other current liabilities 64,317 87,659 Total current liabilities 253,246 285,456 Long-term debt 311,000 285,000 Non-current operating lease liabilities 48,653 51,632 Non-current self-insurance reserves 29,560 30,382 Other non-current liabilities 32,590 34,901 Total shareholders' equity 481,783 487,898 Total liabilities and shareholders' equity $ 1,156,832 $ 1,175,269 Expand Apogee Enterprises, Inc. Consolidated Statement of Cash Flows (Unaudited) Three Months Ended (In thousands) May 31, 2025 Operating Activities Net (loss) earnings $ (2,688 ) $ 31,011 Adjustments to reconcile net earnings to net cash provided by operating activities: Depreciation and amortization 12,436 9,976 Share-based compensation 2,300 2,704 Deferred income taxes 2,496 3,466 Loss on disposal of property, plant and equipment 328 22 Impairment on intangible assets 7,418 — Non-cash lease expense 3,738 2,895 Other, net 1,294 (925 ) Changes in operating assets and liabilities: Receivables (3,938 ) (9,845 ) Inventories (11,255 ) (11,337 ) Contract assets 2,596 5,511 Accounts payable 1,103 (1,871 ) Accrued compensation and benefits (16,639 ) (24,850 ) Contract liabilities 8,104 1,648 Operating lease liability (3,643 ) (3,007 ) Accrued income taxes 1,698 6,535 Other current assets and liabilities (25,130 ) (6,480 ) Net cash (used in) provided by operating activities (19,782 ) 5,453 Investing Activities Capital expenditures (7,167 ) (7,229 ) Proceeds from sales of property, plant and equipment 10 40 Purchases of marketable securities — (740 ) Sales/maturities of marketable securities 175 600 Net cash used in investing activities (6,982 ) (7,329 ) Financing Activities Proceeds from revolving credit facilities 59,000 30,000 Repayment on revolving credit facilities (33,000 ) (15,000 ) Repurchase of common stock — (15,061 ) Dividends paid (5,520 ) — Other, net (2,835 ) (4,865 ) Net cash provided by (used in) financing activities 17,645 (4,926 ) Effect of exchange rates on cash 502 (51 ) Decrease in cash, cash equivalents and restricted cash (8,617 ) (6,853 ) Cash, cash equivalents and restricted cash at beginning of period 41,448 37,216 Cash and cash equivalents at end of period $ 32,831 $ 30,363 Non-cash Activity Capital expenditures in accounts payable $ 922 $ 472 Dividends declared but not yet paid $ — $ 5,409 Expand Apogee Enterprises, Inc. Components of Changes in Net Sales (Unaudited) Three months ended May 31, 2025, compared with the three months ended June 1, 2024 (In thousands, except percentages) Architectural Metals Architectural Services Architectural Glass Performance Surfaces Intersegment eliminations Consolidated Fiscal 2025 net sales $ 133,172 $ 99,027 $ 86,703 $ 21,204 $ (8,590 ) $ 331,516 Organic business (1) (4,548 ) 7,478 (13,430 ) (982 ) 4,560 (6,922 ) Acquisition (2) — — — 22,028 — 22,028 Fiscal 2026 net sales $ 128,624 $ 106,505 $ 73,273 $ 42,250 $ (4,030 ) $ 346,622 Total net sales growth (decline) (3.4 )% 7.6 % (15.5 )% 99.3 % (53.1 )% 4.6 % Organic business (1) (3.4 )% 7.6 % (15.5 )% (4.6 )% (53.1 )% (2.1 )% Acquisition (2) — % — % — % 103.9 % — % 6.6 % Expand (1) Organic business includes net sales associated with acquired product lines or geographies that occur after the first twelve months from the date the product line or business is acquired and net sales from internally developed product lines or businesses. (2) The acquisition of UW Solutions, completed on November 4, 2024. Expand Apogee Enterprises, Inc. Business Segment Information (Unaudited) Three Months Ended (In thousands) May 31, 2025 June 1, 2024 % Change Segment net sales Architectural Metals $ 128,624 $ 133,172 (3.4 )% Architectural Services 106,505 99,027 7.6 % Architectural Glass 73,273 86,703 (15.5 )% Performance Surfaces 42,250 21,204 99.3 % Total segment sales 350,652 340,106 3.1 % Intersegment eliminations (4,030 ) (8,590 ) (53.1 )% Net sales $ 346,622 $ 331,516 4.6 % Segment adjusted EBITDA Architectural Metals $ 9,366 $ 23,840 (60.7 )% Architectural Services 6,067 6,573 (7.7 )% Architectural Glass 13,417 20,231 (33.7 )% Performance Surfaces 7,959 5,642 41.1 % Corporate and Other (2,425 ) (3,664 ) (33.8 )% Adjusted EBITDA $ 34,384 $ 52,622 (34.7 )% Segment adjusted EBITDA margins Architectural Metals 7.3 % 17.9 % Architectural Services 5.7 % 6.6 % Architectural Glass 18.3 % 23.3 % Performance Surfaces 18.8 % 26.6 % Corporate and Other N/M N/M Adjusted EBITDA margin 9.9 % 15.9 % Expand N/M - Indicates calculation is not meaningful. Segment net sales is defined as net sales for a certain segment and includes revenue related to intersegment transactions. Net sales intersegment eliminations are reported separately to exclude these sales from our consolidated total. Adjusted EBITDA represents adjusted net earnings before interest, taxes, depreciation, and amortization. Apogee Enterprises, Inc. Adjusted EBITDA and Adjusted EBITDA Margin (Unaudited) Three Months Ended May 31, 2025 (In thousands) Architectural Metals Architectural Services Architectural Glass Performance Surfaces Corporate and Other Consolidated Net (loss) earnings $ 3,669 $ (6,193 ) $ 10,202 $ 4,132 $ (14,498 ) $ (2,688 ) Interest expense (income), net 457 (52 ) (145 ) — 3,586 3,846 Income tax (benefit) expense (44 ) (8 ) 90 — 5,053 5,091 Depreciation and amortization 3,813 1,072 3,270 3,550 731 12,436 EBITDA 7,895 (5,181 ) 13,417 7,682 (5,128 ) 18,685 Acquisition-related costs (1) — — — 277 72 349 Restructuring costs (2) 1,471 11,248 — — 2,631 15,350 Adjusted EBITDA $ 9,366 $ 6,067 $ 13,417 $ 7,959 $ (2,425 ) $ 34,384 EBITDA margin 6.1 % (4.9 )% 18.3 % 18.2 % (1.5 )% 5.4 % Adjusted EBITDA margin 7.3 % 5.7 % 18.3 % 18.8 % (0.7 )% 9.9 % Expand (1) Acquisition-related costs include costs related to one-time expenses incurred to integrate the UW Solutions acquisition. (2) Expand Three Months Ended June 1, 2024 (In thousands) Architectural Metals Architectural Services Architectural Glass Performance Surfaces Corporate and Other Consolidated Net (loss) earnings $ 17,759 $ 5,620 $ 18,050 $ 4,846 $ (15,264 ) $ 31,011 Interest expense (income), net 570 3 (112 ) — (11 ) 450 Income tax expense (benefit) 6 — (717 ) — 10,774 10,063 Depreciation and amortization 4,507 950 3,010 796 713 9,976 EBITDA 22,842 6,573 20,231 5,642 (3,788 ) 51,500 Restructuring costs (3) 998 — — — 124 1,122 Adjusted EBITDA $ 23,840 $ 6,573 $ 20,231 $ 5,642 $ (3,664 ) $ 52,622 EBITDA margin 17.2 % 6.6 % 23.3 % 26.6 % (1.1 )% 15.5 % Adjusted EBITDA margin 17.9 % 6.6 % 23.3 % 26.6 % (1.1 )% 15.9 % Expand (3) Restructuring charges related to Project Fortify Phase 1. Expand (1) Acquisition-related costs include costs related to one-time expenses incurred to integrate the UW Solutions acquisition. (2) Restructuring charges related to Project Fortify Phase 2. (3) Income tax impact reflects the estimated blended statutory tax rate for the jurisdictions in which the charge or income occurred. Expand Apogee Enterprises, Inc. Fiscal 2026 Outlook Reconciliation of Fiscal 2026 outlook of estimated Diluted Earnings per Share to Adjusted Diluted Earnings per Share (Unaudited) Fiscal Year Ending February 28, 2026 Low Range High Range Diluted earnings per share $ 2.59 $ 3.12 Acquisition-related costs (1) 0.14 0.09 Restructuring charges (2) 1.20 1.11 Income tax impact on above adjustments per share (3) (0.13 ) (0.12 ) Adjusted diluted earnings per share $ 3.80 $ 4.20 Expand (1) Acquisition-related costs include costs related to one-time expenses incurred to integrate the UW Solutions acquisition. (2) Restructuring charges related to Project Fortify Phase 2. (3) Income tax impact reflects the estimated blended statutory tax rate for the jurisdictions in which the charge or income occurred. Expand
