远地点 2025年季度报告

APOGEE ENTERPRISES, INC. (Exact name of registrant as specified in its charter)_________________________________ Minnesota Not Applicable(Former name, former address and former fiscal year, if changed since last report)_________________________________ Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Actof 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)has been subjectto such filing requirements for the past 90 days.xYes o No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).xYes oNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting companyor 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 filerxNon-accelerated filer☐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 is a shell company (as defined in Rule 12b-2 of the Exchange Act).☐Yes x No As of October6, 2025,21,510,930shares of the registrant’s common stock, par value $0.33 1/3per share, were outstanding. PART IFinancial InformationItem 1.Financial Statements (Unaudited):Consolidated Balance Sheets3Consolidated Results of Operations4Consolidated Statements of Comprehensive Earnings5Consolidated Statements of Cash Flows6Consolidated Statements of Shareholders' Equity7Notes to Consolidated Financial Statements9Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations23Item 3.Quantitative and Qualitative Disclosures About Market Risk33Item 4.Controls and Procedures33PART IIOther InformationItem 1.Legal Proceedings34Item1A.Risk Factors34Item 2.Unregistered Sales of Equity Securities and Use of Proceeds34Item 5.Other Information34Item 6.Exhibits35Signatures36 PART I. FINANCIAL INFORMATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(Unaudited) 1.Summary of Significant Accounting Policies Basis of presentation The consolidated financial statements of Apogee Enterprises, Inc. (we, us, our or the Company) have been prepared in accordance withaccounting principles generally accepted in the United States (U.S. GAAP). The information included in this Form 10-Q should be read inconjunction with the Company’s Form 10-K for the year ended March 1, 2025. We use the same accounting policies in preparing quarterly andannual financial statements. All adjustments necessary for a fair presentation of quarterly and year to date operating results are reflected herein.The results of operations for the three- and six-month periods ended August 30, 2025, are not necessarily indicative of the results to be expectedfor the full year. Adoption of new accounting standards On November 27, 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standard Update (ASU) 2023-07, Improvementsto Reportable Segment Disclosures, which expands the required disclosure for reportable segments. This guidance requires entities to disclosesignificant segment expenses and other segment items on an annual and interim basis and to provide in interim periods all segment disclosureswhich are currently required annually. This ASU additionally requires entities to disclose the title and position of the individual or the name ofthe group or committee identified as its chief operating decision-maker. We adopted this guidance in the fourth quarter of fiscal 2025 for theannual requirements and in the first quarter of fiscal 2026 for the interim requirements. Accounting standards not yet adopted On December 14, 2023, the FASB issued ASU 2023-09, Improvements to Income Tax Disclosures. The ASU is effective for our fiscal 2026annual financial statements and for our interim financial statements beginning fiscal 2027. This guidance expands the existing disclosurerequirements for the annual rate reconciliation between the effective tax rate and the statutory federal tax rate by requiring reconciliation itemsto be disaggregated by defined categories and disclosed as both percentages and amounts. ASU 2023-09 also requires the disaggregation ofincome taxes paid by jurisdiction for each annual period presented. In November 2024, the FASB issued ASU 2024-03, Disaggregation of Income S