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Nov 26, 2022
Apogee Enterprises Q3 2023 Earnings Report
Apogee Enterprises' third quarter results for fiscal year 2023 were reported, showing revenue growth and increased earnings.
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.
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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