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Apogee Enterprises, Inc. (APOG) Q4 2026 Earnings Call April 24, 2026 9:00 AM EDT

Company Participants

Jeremy Steffan – Vice President of Investor Relations & Communications
Donald Nolan – CEO & Executive Chairman of the Board
Mark Augdahl – CFO & Executive VP

Conference Call Participants

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Julio Romero – Sidoti & Company, LLC
Gowshihan Sriharan – Singular Research, LLC

Presentation

Operator

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Good day, and thank you for standing by. Welcome to Apogee Enterprises Fourth Quarter Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded for replay purposes.

I will now turn the conference over to Jeremy Steffan, Vice President, Investor Relations and Communications to begin. Jeremy, please go ahead.

Jeremy Steffan
Vice President of Investor Relations & Communications

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Thank you. Good morning, and welcome to Apogee Enterprises Fiscal 2026 Fourth Quarter Earnings Call. On the call today are Don Nolan, Apogee’s Chief Executive Officer; and Mark Augdahl, our Chief Financial Officer. During this call, the team will reference certain non-GAAP financial measures. Definitions of these measures and a reconciliation to the nearest GAAP measures are provided in the earnings release and slide deck, which are available in the Investor Relations section of our website.

As a reminder, today’s call will contain forward-looking statements. These reflect management’s expectations based on currently available information. Actual results may differ materially from those expressed today. More information about factors that could affect Apogee’s business and financial results can be found in our press release and in the company’s SEC filings.

With that, I’ll turn the call over to Don.

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Donald Nolan
CEO & Executive Chairman of the Board

Thanks, Jeremy, and good morning, everyone. We’re glad you could join us for our fourth quarter earnings call. As I spent more time with the business over the past several months, engaging with our teams, visiting our operations and working

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Operator

Good morning, ladies and gentlemen, and welcome to the Q1 2026 Live Oak Bancshares, Inc. Earnings Conference Call. [Operator Instructions] Also note that this call is being recorded on Thursday, April 23, 2026. And I would like to turn the conference over to General Counsel, Greg Seward. Please go ahead, sir.

Gregory Seward
General Counsel

Thank you, and good morning, everyone. Welcome to Live Oak’s First Quarter 2026 Earnings Conference Call. We are webcasting live over the Internet, and this call is being recorded. To access the call over the Internet and review the presentation materials that we will reference on the call, please visit our website at investor.liveoak.bank and go to the Events and Presentations tab for supporting materials. Our earnings release is also available on our website.

Before we get started, I would like to caution you that we may make forward-looking statements during today’s call that are subject to risks and uncertainties. Factors that may cause actual results to differ materially from our expectations are detailed in the materials accompanying this call and in our SEC filings. We do not undertake to update the forward-looking statements to reflect the impact of circumstances or events that may arise after the date of today’s call. Information about any non-GAAP financial measures referenced, including reconciliation of those measures to GAAP measures, can

Powell’s term is nearing its end and the US Senate is currently considering Trump’s nominee for his replacement, Kevin Warsh. A key Republican, Thom Tillis, had withheld his support for the nomination unless the Trump administration dropped its investigation.

U.S. Attorney for the District of Columbia Jeanine Pirro announced Friday she directed her office to close its investigation into the Federal Reserve over a building project.

Pirro said the Fed’s inspector general, Michael Horowitz, would instead take over the investigation, moving it from the hands of federal prosecutors into those of a longtime government watchdog. The move relieves pressure on the central bank amid its fight over a possible leadership change in mid-May, when chairman Jerome Powell’s term is set to end.

“This morning the Inspector General for the Federal Reserve has been asked to scrutinize the building costs overruns – in the billions of dollars – that have been borne by taxpayers,” Pirro wrote on X. “The IG has the authority to hold the Federal Reserve accountable to American taxpayers. I expect a comprehensive report in short order and am confident the outcome will assist in resolving, once and for all, the questions that led this office to issue subpoenas.”

“Accordingly, I have directed my office to close our investigation as the IG undertakes this inquiry,” Pirro said, adding that she would “not hesitate” to reopen a criminal investigation “should the facts warrant doing so.”

Pirro’s comments come after Powell revealed in a video announcement in January that the Department of Justice had opened an investigation into the Fed, calling it an unprecedented attempt to use “intimidation” to force him to lower interest rates.

The investigation had encountered a roadblock after Judge James Boasberg, chief judge of the federal district court in Washington, D.C., blocked the department from subpoenaing the Fed.

In the lead-up to the probe, Trump and Powell’s relationship had grown increasingly rocky, as Trump became frustrated over interest rates and began targeting Powell, whom he nominated in 2017. Trump called Powell a “fool” and demanded in March that he drop rates “immediately.”

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Sen. Thom Tillis, R-N.C., who sits on the Senate Banking Committee, had vowed to block Kevin Warsh’s confirmation because of the DOJ’s investigation, after Trump nominated Warsh to replace Powell, whose term was set to expire on May 15.

Tillis, who is retiring, had claimed the DOJ’s investigation was political and accused Pirro in February of seeking “brownie points” with Trump by opening it. “It’s not cute,” Tillis had said.

During his confirmation hearing this week, Tillis told Warsh, who previously served on the Fed’s Board of Governors, that he had “extraordinary credentials” but that he could not vote to advance his nomination in the Senate because of the federal investigation.

Fox News Digital reached out to Tillis about Pirro’s announcement.

This is a breaking news story. Check back for updates.

Shares of Cipla inched up on heavy volumes on Friday, after the company’s first quarter earnings beat the consensus estimate. On the BSE, the stock closed at Rs 315.45, up 0.5% over its previous close, with 2.84 lakh shares — twice the 2-week average daily volume —being traded. Dealers tracking the stock said the ‘Big Daddy’ of insurance companies was a key buyer. However, traders who had built up positions in anticipation of good quarterly numbers, chose to book profits, thus restricting gains in the stock.