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May 29, 2021
Apogee Enterprises Q1 2022 Earnings Report
Apogee Enterprises reported first quarter results with revenue growth and improved earnings compared to the prior year.
Key Takeaways
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.
First-quarter revenue grew 13 percent to $326 million.
Earnings increased to $0.42 per diluted share, compared to $0.11 per diluted share in the prior-year quarter.
Sales growth achieved in all segments.
Full-year earnings guidance increased to a range of $2.20 to $2.40 per diluted share.
Revenue by Segment
Forward Guidance
Apogee Enterprises is increasing its full-year earnings guidance to a range of $2.20 to $2.40 per diluted share, which includes $7 to $10 million of expected pre-tax costs related to investments in transformation initiatives. The company continues to expect a full-year tax rate of approximately 24.5 percent and full-year capital expenditures of approximately $45 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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