By Kelly Cloonan

Shares of Apogee Enterprises slid after the company said it expects macroeconomic uncertainty to create headwinds in its core non-residential construction market this fiscal year.

The stock fell 9% to $41.75 on Thursday. Shares have declined 33% over the past 12 months.

Chief Executive Ty Silberhorn said Thursday the company expects macroeconomic uncertainty to create headwinds in its non-residential construction market and specialty glass and acrylic markets in its current fiscal year.

"Against this backdrop, we're focused on delivering near-term financial results, creating certainty where we are able during a challenging macroeconomic environment," Silberhorn said.

For the 2026 fiscal year, the company guided for sales of $1.37 billion to $1.43 billion, up slightly from $1.36 billion in the previous year.

Apogee expects an unfavorable earnings-per-share impact from tariffs of 45 cents to 55 cents, which will mostly impact the first half of the fiscal year before mitigation efforts take full effect, the company said.

For the fiscal fourth quarter, the company posted a profit of $2.49 million, or 11 cents a share, for the three months ended March 1, compared with $15.7 million, or 71 cents a share, a year earlier.

Adjusted earnings per share were 89 cents, slightly above the 88 cents expected by analysts polled by FactSet.

Sales fell 5% to $345.7 million compared with $361.8 million a year ago. Analysts expected $332.9 million.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

April 24, 2025 11:17 ET (15:17 GMT)

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