Key Findings
The AI forecasts Q3 2026 EPS of $1.18 versus the Street's $1.03, driven by margin expansion rather than revenue growth. This represents a high-conviction call with 85% confidence.
Thesis
Gemini's thesis centers on 'Project Fortify'—the company's cost restructuring program that has 'lowered the breakeven point significantly.' The model projects SG&A expenses will hold near $55M versus historical levels above $60M, while gross margin rebounds to ~25.5%. The AI argues 'the market is missing the cumulative impact of completed restructuring actions.'
What This Means
This is a margin expansion story in an otherwise cyclical construction sector play. Gemini's specific SG&A target of $55M provides a clear benchmark for evaluating whether Project Fortify is delivering as expected. The premium architectural glass mix shift thesis suggests the company is repositioning toward higher-value products.