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Aug 26, 2023

Apogee Enterprises Q2 2024 Earnings Report

Apogee Enterprises reported strong margin expansion and adjusted earnings growth.

Key Takeaways

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.

Net sales reached $354 million with diluted EPS at $1.52.

Operating margin expanded to 11.5%, a notable increase from 8.6% in the prior year's quarter.

Adjusted diluted EPS increased by 28% to a record $1.36.

Cash flow from operations improved by $65 million year-to-date compared to the same period last year.

Total Revenue
$354M
Previous year: $372M
-5.0%
EPS
$1.36
Previous year: $1.06
+28.3%
Gross Profit
$95.4M
Previous year: $83.9M
+13.6%
Cash and Equivalents
$18.4M
Previous year: $22.1M
-16.5%
Free Cash Flow
$33.7M
Previous year: $23.7M
+42.1%
Total Assets
$909M
Previous year: $949M
-4.3%

Apogee Enterprises

Apogee Enterprises

Apogee Enterprises Revenue by Segment

Forward Guidance

The Company is now providing an updated outlook for full-year adjusted diluted EPS in the range of $4.35 to $4.65.

Revenue & Expenses

Visualization of income flow from segment revenue to net income