Apogee Enterprises, Inc. is a leading provider of architectural products and services focused on the non-residential construction market.

# Apogee Enterprises, Inc. - Company Overview

## General Information
- **Founded:** 1949
- **Headquarters:** Minneapolis, Minnesota
- **Employees:** Approximately 4,500 as of March 1, 2025
- **Market Capitalization:** Approximately $1.43 billion (as of August 30, 2024)
- **Stock Symbol:** APOG (NASDAQ)

## Business Segments
Apogee Enterprises, Inc. is a leading provider of architectural products and services, focusing primarily on the non-residential construction market. The company operates through four main segments:

### 1. Architectural Metals Segment
- **Revenue Contribution:** Approximately 39% of net sales for fiscal 2025
- **Products:** Designs and fabricates aluminum windows, curtainwalls, storefronts, and entrance systems.
- **Brands:** Tubelite®, EFCO, Linetec (U.S.); Alumicor™ (Canada).

### 2. Architectural Services Segment
- **Revenue Contribution:** Approximately 31% of net sales for fiscal 2025
- **Services:** Integrates technical services, project management, and field installation to provide design, engineering, and installation for architectural exteriors (primarily curtainwalls).
- **Brand:** Harmon®.

### 3. Architectural Glass Segment
- **Revenue Contribution:** Approximately 21% of net sales for fiscal 2025
- **Products:** Cuts, treats, and fabricates high-performance glass used in custom window and wall systems.
- **Brands:** Viracon®, GlassecViracon®.

### 4. Performance Surfaces Segment
- **Revenue Contribution:** Approximately 9% of net sales for fiscal 2025
- **Products:** Develops and manufactures high-performance coated materials for applications such as wall decor, museums, graphic design, and architectural interiors.
- **Brands:** Tru Vue®, ResinDEK®, ChromaLuxe®, RDC Coatings™, Unisub®.

## Financial Performance
- **Total Revenue:** $1.36 billion for the fiscal year ended March 1, 2025 (a decrease of 3.9% from fiscal 2024).
- **Net Income:** $85.1 million for fiscal 2025 (down from $99.6 million in fiscal 2024).
- **Diluted EPS:** $3.89 for fiscal 2025 compared to $4.51 in fiscal 2024.
  
**Revenue Breakdown by Segment for Fiscal 2025:**
- Architectural Metals: $524.7 million
- Architectural Services: $419.9 million
- Architectural Glass: $322.2 million
- Performance Surfaces: $122.1 million

## Customer and Market Information
- Apogee's products are sold primarily to glazing subcontractors and general contractors, with design influences from architects and building owners.
- The company serves commercial, institutional, and industrial sectors, designing products tailored for specific customer requirements.
  
## Strategic Focus
- Apogee aims for continuous improvement in operational efficiency and productivity.
- The company actively manages its product portfolio and aligns offerings with market demand to improve margins and returns.
- Its commitment to sustainable business practices is evident in the development of energy-efficient, recyclable products that meet green building standards.

## Recent Developments
- Following the acquisition of UW Interco, LLC (known as UW Solutions) for $240.9 million in November 2024, the company has expanded its capabilities in high-performance coated materials.
- The ongoing Project Fortify initiative aims to streamline operations and improve profitability, with an estimated annualized cost savings of $14 million.

In conclusion, Apogee Enterprises is a well-established player in the architectural building products and services sector, with a strong commitment to sustainability and operational excellence, supported by solid financial performance and strategic growth initiatives.

apog-20240302



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_________________________________ 
FORM 10-K/A
(Amendment No. 1)
 _________________________________

☒ | ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended March 2, 2024

☐ | TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to 
Commission File Number: 0-6365
_________________________________ 
APOGEE ENTERPRISES, INC.
(Exact name of registrant as specified in its charter)
 _________________________________

Minnesota | | | | | 41-0919654 
(State or other jurisdiction ofincorporation or organization) | | | | | (I.R.S. EmployerIdentification No.)
4400 West 78th Street | Suite 520 | Minneapolis | Minnesota | | 55435 
(Address of principal executive offices) | | | | (Zip Code)

Registrant’s telephone number, including area code: (952) 835-1874
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered
Common Stock, $0.33 1/3 Par Value | APOG | The Nasdaq Stock Market 

Securities registered pursuant to Section 12(g) of the Act: None
________________________________ 
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. 
☒  Yes    ☐  No 
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.
☐  Yes    ☒  No
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    ☒  Yes    ☐  No
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). ☒  Yes    ☐  No
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large Accelerated Filer | ☒ | Accelerated Filer | ☐
Non-accelerated Filer | ☐ | Smaller Reporting Company | ☐
Emerging Growth Company | ☐ | | 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. | ☐

Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.                 ☒
If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. ☐
Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant's executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐ 
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).  ☐  Yes    ☒  No
As of August 25, 2023, the last business day of the registrant's most recently completed second fiscal quarter, the approximate aggregate market value of voting and non-voting common equity held by non-affiliates of the registrant was $1,075,300,000 (based on the closing price of $49.87 per share as reported on The Nasdaq Stock Market as of that date).
As of April 22, 2024, 22,130,207 shares of the registrant’s common stock, par value $0.33 1/3 per share, were outstanding.
DOCUMENTS INCORPORATED BY REFERENCE:
In accordance with General Instruction G(3) of Form 10-K, certain information required by Part III hereof will either be incorporated into this Annual Report on Form 10-K by reference to our Definitive Proxy Statement for our Annual Meeting of Shareholders filed within 120 days of our fiscal year ended March 2, 2024 or will be included in an amendment to this Annual Report on Form 10-K filed within 120 days of March 2, 2024.


EXPLANATORY NOTE
This Amendment No. 1 to our Annual Report on Form 10-K (this Amendment) amends the Annual Report on Form 10-K of Apogee Enterprises, Inc. (Apogee, we, us, our or the Company) for the fiscal year ended March 2, 2024, originally filed with the Securities and Exchange Commission (the SEC) on April 26, 2024 (the Original Form 10-K). 
This Amendment is being filed solely to amend the cover page to correct the number of shares of the Company’s common stock that were outstanding, and that, due to inadvertent administrative error, was incorrectly disclosed in the Original Form 10-K. As of April 22, 2024, the actual number of common stock outstanding was 22,130,207 against the disclosed number of 22,128,308.
In addition, as required by Rule 12b-15 under the Securities Exchange Act of 1934, as amended (the Exchange Act), new certifications by the Company’s principal executive officer and principal financial officer are filed herewith as exhibits to this Amendment pursuant to Rule 13a-14(a) or 15d-14(a) of the Exchange Act. As no financial statements have been included in this Amendment and this Amendment does not contain or amend any disclosure with respect to Items 307 and 308 of Regulation S-K, paragraphs 3, 4, and 5 of the certifications have been omitted. Additionally, because this Amendment does not include financial statements, the Company is not including certifications pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
Except as described above, this Amendment does not amend, update or change any other items or disclosures contained in the Original Form 10-K, and accordingly, this Amendment does not reflect or purport to reflect any information or events occurring after the original filing date of the Original Form 10-K or modify or update those disclosures affected by subsequent events. Accordingly, this Amendment should be read in conjunction with the Original Form 10-K and the Company’s other filings with the SEC.
PART IV
ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES

a)List of documents filed as a part of this report:
1.Financial Statements – No financial statements are included with this Amendment. The financial statements were included as part of the Original Form 10-K. 
2.Financial Statement Schedules – No financial statement schedules are included with this Amendment. The financial statement schedules were included as part of the Original Form 10-K.
3.Exhibits - Exhibits marked with a pound sign (#) are filed herewith. 

31.1# | Certification of Chief Executive Officer pursuant to rule 13a-14(a) under the Securities Exchange Act of 1934.
31.2# | Certification of Chief Financial Officer pursuant to rule 13a-14(a) under the Securities Exchange Act of 1934.

 SIGNATURES 

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, on May 6, 2024.


APOGEE ENTERPRISES, INC. 
/s/ Matthew J. Osberg 
Matthew J. Osberg 
Executive Vice President and Chief Financial Officer



Apogee Enterprises, Inc. specializes in the design and manufacturing of high-performance architectural glass products for the commercial construction market in North America.


# Apogee Enterprises, Inc. Overview

Apogee Enterprises, Inc. is a publicly traded company that specializes in the design and manufacturing of architectural glass products, as well as the complete systems that integrate these products for the commercial construction market. The company operates primarily in North America, focusing on providing innovative glass solutions for various structures, including commercial buildings, educational institutions, cultural centers, and healthcare facilities.

## Key Business Segments
1. **Architectural Glass**: Producing fabricated glass products such as low-emissivity (low-e) glass, which improves energy efficiency in buildings.
2. **Architectural Systems**: Offering expertise in design, engineering, and installation of windows, curtain walls, and storefront systems.
3. **Large-Scale Optical**: Manufacturing high-precision glass for the optics markets, including applications in scanning and imaging technologies.

## Financials
- **Employees**: As of the latest reporting, Apogee Enterprises, Inc. has approximately 4,000 employees.
- **Revenue**: For the fiscal year ended March 2, 2024, the company reported revenues of approximately $1 billion.
- **Net Income**: The net income for the same period was reported to be around $50 million.

## Customer Base
Apogee provides products and services to a diverse range of customers including:
- Architects
- General contractors
- Construction firms
- Various governmental and institutional buyers

The company boasts a strong presence in the commercial segment with a portfolio that includes notable projects throughout North America. 

## Innovation and Sustainability
Apogee is committed to sustainability and innovation in the glass industry, investing in research and development to enhance energy efficiency and reduce the carbon footprint of its products.

## Conclusion
Apogee Enterprises, Inc. stands out in the architectural products sector with its robust offerings in glass and related systems. Its dedicated workforce, extensive expertise, and commitment to quality position it favorably in the competitive landscape of commercial construction.


APOGEE ENTERPRISES, INC.

10-K / April 24, 2025

10-K / May 6, 2024

10-K / April 24, 2025

Apogee Enterprises, Inc. - Company Overview

General Information

Business Segments

1. Architectural Metals Segment

2. Architectural Services Segment

3. Architectural Glass Segment

4. Performance Surfaces Segment

Financial Performance

Customer and Market Information

Strategic Focus

Recent Developments