Shares of Apogee Enterprises ( APOG ) surged to new highs following a strong second-quarter earnings report that exceeded expectations. The company, which provides architectural products and services, reported $342.4 million in sales for Q2, surpassing the consensus estimate of $335.3 million. This marks a 2% beat despite a 3.2% year-over-year revenue decline, reflecting Apogee’s ability to navigate a challenging market. While volume dropped, Apogee improved its gross margin by 140 basis points to 28.4%. This was driven by favorable pricing, a shift in its project mix within Architectural Services, and lower costs for materials and insurance. The company also raised its full-year earnings forecast, boosting investor confidence. Apogee now expects fiscal year 2025 adjusted EPS to fall between $4.90 and $5.20, up from its previous guidance of $4.65 to $5.00. Strategic Focus: Navigating Market Softness with Margin Expansion Apogee’s performance this quarter underscores its strategic pivot