Loading...
•
May 27, 2023
Apogee Enterprises Q1 2024 Earnings Report
Reported a solid start to fiscal year 2024 with top and bottom-line growth and strong cash flow.
Key Takeaways
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.
Net sales increased 1.4% to $362 million.
Diluted EPS grew 5% to $1.05.
Architectural Glass experienced strong net sales and operating income growth.
Cash flow from operations increased to $21 million, up $52 million compared to the first quarter of fiscal 2023.
Revenue by Segment
Forward Guidance
The Company is raising its outlook for full-year diluted EPS to a range of $4.15 to $4.45, up from the previously announced range of $3.90 to $4.25. The Company continues to expect flat to slightly declining net sales compared to fiscal 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...