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MINNEAPOLIS - Apogee Enterprises, Inc. (NASDAQ:APOG), a profitable company with a market capitalization of $891 million and currently trading below its InvestingPro Fair Value, announced Thursday the appointment of two new business segment presidents effective August 7, 2025.
Troy Johnson will become President of the Architectural Metals Segment, replacing Nick Longman who is resigning from the position. Matt Christian will succeed Johnson as President of the Architectural Services Segment.
Johnson, who joined Apogee in 2011, has served as President of the Architectural Services Segment since 2020 and has more than 25 years of industry experience. Christian brings 23 years of experience with the company to his new role, most recently serving as Vice President of Products in the Architectural Metals Segment.
"Troy is a proven leader with an impressive record of delivering results and creating value. Matt has deep business and industry knowledge, along with transformational leadership skills," said Ty R. Silberhorn, Chief Executive Officer, in a press release statement.
Silberhorn also thanked Longman for his contributions over the past four years.
Apogee Enterprises is a provider of architectural building products and services, as well as high-performance coated materials. The company’s portfolio includes architectural glass, windows, curtainwall, storefront and entrance systems, along with integrated project management and installation services.
In other recent news, Apogee Enterprises reported impressive financial results for the first quarter of fiscal year 2026. The company achieved earnings per share of $0.56, surpassing the forecast of $0.49, and reported revenue of $346.6 million, exceeding expectations of $331.1 million. These results indicate a strong start to the fiscal year for Apogee Enterprises. Additionally, DA Davidson maintained its Neutral rating on the company, while adjusting its price target to $45.00, down from $47.00. The firm also provided adjusted earnings per share forecasts of $4.01 for fiscal year 2026 and $3.95 for fiscal year 2027. In corporate governance news, Apogee Enterprises held its annual meeting of shareholders, where all proposals were approved. Shareholders re-elected two Class III directors, Elizabeth M. Lilly and Mark A. Pompa, to serve three-year terms. These developments reflect ongoing investor interest and confidence in Apogee Enterprises.
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