Apogee Enterprises, Inc. (NASDAQ:APOG) Q1 2025 Earnings Conference Call June 27, 2024 9:00 AM ET

Company Participants

Jeff Huebschen - VP, IR
Ty Silberhorn - CEO
Matthew Osberg - CFO

Conference Call Participants

Brent Thielman - D.A. Davidson
Julio Romero - Sidoti & Company
Jon Braatz - KCCA
Chris Sakai - Singular Research

Operator

Good day and thank you for standing by. Welcome to the Q1 2025 Apogee Enterprises Earnings Conference Call. At this time, all participants are in a listen-only mode. Please be advised that today's conference is being recorded. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions]

I would now like to hand the conference over to your speaker today, Jeff Huebschen, Vice President of Investor Relations.

Jeff Huebschen

Thank you, Josh. Good morning, everyone, and welcome to Apogee Enterprises' Fiscal 2025 First Quarter Earnings Call. With me today are Ty Silberhorn, Apogee's Chief Executive Officer, and Matt Osberg, Chief Financial Officer.

I'd like to remind everyone that there are slides to accompany today's remarks. These are available in the investor relations section of Apogee's website. During this call, we will reference certain non-GAAP financial measures. Definitions of these measures and reconciliation to the nearest GAAP measures are provided in the earnings release and slide deck we issued this morning.

I'd also like to remind everyone that our call will contain forward-looking statements. These reflect management's expectations based on currently available information. Actual results may differ materially. More information about factors that could affect Apogee's business and financial results can be found in today's press release and in our SEC filings.

With that, I'll turn the call over to you, Ty.

Ty Silberhorn

Good morning, everyone. Thanks for joining us today. We had a good start to our fiscal year with our team continuing to build on the progress we've achieved through our strategic initiatives. We drove operational execution across the business and achieved significant adjusted operating margin expansion and EPS growth.

Today I'll discuss a few highlights from the quarter and comment on how we are continuing to position the company for growth. Then Matt will provide details on the quarter and our updated outlook. As expected, we saw lower volume and revenue in both framing systems and architectural glass this quarter. This was partly due to continued deceleration in some of the end-markets we serve, and partly due to our strategic shift away from less differentiated lower margin products.