Apogee Enterprises Earnings Reports

Apogee Enterprises reported a slight increase in net sales, driven by inorganic sales contribution from the acquisition of UW Solutions and a favorable project mix in Architectural Services, offset by less favorable mix in Architectural Framing Systems and lower volume in Architectural Glass. Operating income and diluted earnings per share decreased due to soft demand in end markets.

Apogee Enterprises reported a 3.2% decrease in net sales to $342.4 million. However, the company improved its operating margin to 12.3% and adjusted operating margin to 12.6%. Diluted EPS was $1.40, while adjusted diluted EPS increased by 6% to $1.44. The company is raising its full-year EPS outlook.

Apogee Enterprises reported a decrease in net sales by 8% to $332 million, but achieved significant operating income growth and a record adjusted EPS of $1.44, despite volume pressure. The company is raising its full-year EPS outlook.

Apogee Enterprises reported a 5.2% increase in net sales for the fourth quarter, reaching $361.84 million. Diluted EPS was $0.71, while adjusted diluted EPS grew by 32.6% to $1.14. The company's operating income was $21.9 million, and adjusted operating income grew by 33.1% to $34.3 million.

Apogee Enterprises reported Q3 2024 results, featuring a 15% increase in diluted EPS to $1.23 and an operating margin expansion of 170 bps to 11.1%. Despite a 7.6% decrease in net sales to $340 million, the company saw significant improvements in cash flow and backlog growth in Architectural Services.

Apogee Enterprises reported Q2 2024 results with net sales of $354 million and diluted EPS of $1.52. The company's operating margin reached 11.5%, up from 8.6% in the previous year's second quarter. Adjusted diluted EPS grew 28% to $1.36, an all-time quarterly record.

Apogee Enterprises reported a 1.4% increase in net sales to $361.7 million, driven by strong growth in Architectural Glass, offset by lower sales in Architectural Services. Diluted EPS increased by 5% to $1.05, primarily due to improved profitability in Architectural Glass. The company is raising its full-year diluted EPS outlook to a range of $4.15 to $4.45.

Apogee Enterprises reported a 5 percent increase in fourth-quarter revenue, reaching $344.1 million. Earnings per diluted share were $0.91, including a discrete $1.1 million income tax benefit. Adjusted earnings were $0.86 per diluted share. The company provides guidance for fiscal year 2024, forecasting earnings of $3.90 to $4.25 per diluted share.

Apogee Enterprises reported a 10.1% increase in third-quarter revenue, reaching $367.8 million, and earnings per diluted share increased to $1.07. The company narrowed its full-year adjusted earnings guidance to $3.90 to $4.05 per diluted share and expects full-year revenue growth of approximately 10 percent.

Apogee Enterprises reported a strong second quarter, with revenue up 14.2% to a record $372.1 million. Earnings per diluted share increased to $1.68, and adjusted earnings reached a record $1.06 per diluted share. The company raised its full-year adjusted earnings guidance to $3.75 to $4.05 per diluted share.

Apogee Enterprises reported a strong first quarter with revenue increasing by 9.4% to $356.6 million, driven by growth in Architectural Framing Systems and Architectural Services. Earnings per diluted share rose to $1.00, up from $0.42 in the prior year, benefiting from improved profitability in Architectural Framing Systems and Architectural Glass, as well as a lower share count. The company raised its full-year adjusted earnings guidance to a range of $3.50 to $3.90 per diluted share.

Apogee Enterprises reported a 6% increase in fourth-quarter revenue, reaching $328 million. The company experienced a net loss of $(0.67) per diluted share, but adjusted earnings per share rose by 44% to $0.91. The results were driven by growth in Architectural Services and Architectural Framing Systems.

Apogee Enterprises reported a 6.6 percent increase in third-quarter revenue, reaching $334.2 million, driven by growth in Architectural Services and Architectural Framing Systems. Earnings per diluted share were $0.44, including restructuring and impairment costs, while adjusted earnings per diluted share reached $0.63. The company is progressing with its strategic plan, focusing on becoming the economic leader in its target markets.

Apogee Enterprises reported a 2% increase in revenue to $325.8 million, driven by growth in Architectural Services and Large-Scale Optical. The company had a net loss of $(0.08) per diluted share, but adjusted earnings were $0.53 per diluted share. They also generated strong cash flow from operations of $48 million.

Apogee Enterprises reported a strong start to fiscal 2022, with first-quarter revenue increasing by 13% to $326 million and earnings improving to $0.42 per diluted share. The company saw growth in all four segments and made progress on key initiatives, including cost structure improvements and enterprise transformation.

Apogee Enterprises reported a decrease in fourth-quarter revenue by 8 percent to $309 million, but adjusted earnings per diluted share grew 26 percent to $0.63. The company's full-year cash flow from operations increased 32 percent, reaching a record $142 million. Guidance for fiscal 2022 was provided.

Apogee Enterprises reported a decrease in revenue by 7% to $314 million, but earnings increased to $1.42 per diluted share. Adjusted earnings grew to $0.90 per diluted share. The company is on track to achieve cost savings of over $40 million in fiscal 2021 and is taking actions to drive additional savings in fiscal 2022.

Apogee Enterprises reported a decrease in revenue but an increase in adjusted earnings per share. Second-quarter revenue was $319.5 million, compared to $357.1 million in the prior year. Earnings were $0.67 per diluted share, compared to $0.72 per diluted share in the prior year, while adjusted earnings were $0.73 per diluted share, compared to $0.72 in the prior year.

Apogee Enterprises reported a challenging first quarter due to COVID-19, with revenue declining by 19% year-over-year to $289 million. Earnings per share were $0.11, and adjusted EPS was $0.15. The company managed to mitigate the impact of reduced revenue through cost management and capacity adjustments, resulting in positive earnings and strong cash flow. They did not provide guidance for fiscal year 2021.

Apogee Enterprises reported a strong fourth quarter in fiscal year 2020, with earnings above prior guidance, strong order flow leading to record backlog levels, and cash flow from operations well above the prior year. However, due to the uncertainty surrounding the COVID-19 outbreak, the company is not providing annual guidance for fiscal year 2021 at this time.