Apogee Enterprises announces HR leadership change

Apogee Enterprises, Inc. (NASDAQ:APOG), a glass products manufacturer with a market capitalization of $837 million and strong financial health according to InvestingPro metrics, disclosed in a recent SEC filing dated May 22, 2025, that Raelyn A. Trende, the company’s Chief Human Resources Officer, has resigned from her position, effective June 13, 2025. The Minneapolis-based company stated that Meghan Elliott, currently serving as Chief Legal Officer, will assume the role of interim Chief Human Resources Officer until a permanent replacement for Ms. Trende is appointed.

The company, identified by its Central Index Key (CIK) 0000006845, has not provided specific reasons for Ms. Trende’s departure in the filing. The announcement comes as Apogee’s stock trades near its 52-week low of $38.06, having declined over 53% in the past six months. According to InvestingPro analysis, the company appears undervalued, trading at a P/E ratio of 9.9x while maintaining solid profitability with a gross margin of 26.75%.

Apogee Enterprises, with a fiscal year-end on March 1, is incorporated in Minnesota and has its principal executive offices at 4400 West 78th Street, Suite 520, Minneapolis, MN 55435. The company can be reached via phone at (952) 835-1874.

The filing also includes a cover page interactive data file, which is embedded within the Inline XBRL document. As per standard regulatory requirements, the report was signed on behalf of the registrant by the undersigned duly authorized officer, Meghan M. Elliott, on May 29, 2025.

This announcement follows SEC regulations and the company’s corporate governance practices. Apogee Enterprises has not made any additional comments regarding the search for a new Chief Human Resources Officer or potential candidates for the role. The information is based on a press release statement.

In other recent news, Apogee Enterprises reported its second-quarter earnings for 2025, revealing an earnings per share (EPS) of $0.89, which fell short of analysts’ expectations of $0.92. However, the company exceeded revenue forecasts, reporting $345.69 million compared to the anticipated $336.11 million. For the fourth fiscal quarter, Apogee’s GAAP EPS was $0.11, with an adjusted EPS of $0.89, aligning closely with consensus estimates. Revenue for the quarter was $345.7 million, marking a 5% decrease year-over-year, while gross profit and EBIT were down 16% and 72%, respectively.

In terms of strategic moves, Apogee’s acquisition of UW Solutions contributed $100 million in revenue, demonstrating the company’s focus on expanding its market presence. The Performance Surfaces segment, previously known as LSO, reported a 77% increase in sales year-over-year, including the acquisition impact, although organic sales were slightly down. Analyst firm DA Davidson recently adjusted its outlook on Apogee, reducing the price target from $62 to $47, while maintaining a Neutral rating, citing fiscal 2026 earnings headwinds.

Additionally, Apogee disclosed upcoming leadership changes, with board member Frank G. Heard set to retire by the 2025 Annual Meeting of Shareholders. The company also announced executive stock awards, with CEO Ty R. Silberhorn receiving 28,608 shares as part of a long-term incentive plan. These developments underscore Apogee’s strategic efforts to navigate market challenges and focus on growth through acquisitions and leadership incentives.

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