Apogee Enterprises Q3 2023 Earnings Report
Key Takeaways
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.
Third-quarter revenue increased by 10 percent, reaching $368 million.
Third-quarter earnings per share rose to $1.07.
Cash flow was strong, with $54 million generated from operations in the third quarter.
Full-year adjusted earnings guidance was narrowed to a range of $3.90 to $4.05 per diluted share.
Apogee Enterprises
Apogee Enterprises
Apogee Enterprises Revenue by Segment
Forward Guidance
Apogee Enterprises narrowed its guidance for full year adjusted earnings to a range of $3.90 to $4.05 per diluted share and expects full year revenue growth of approximately 10 percent.
Positive Outlook
- Company is narrowing its guidance for full year adjusted earnings to a range of $3.90 to $4.05 per diluted share
- Company now expects full year revenue growth of approximately 10 percent
- Growth is primarily driven by growth in Architectural Framing Systems
- Company expects full-year capital expenditures of approximately $40 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income