$APOG (Apogee Enterprises Inc)

$APOG {{ '2016-06-23T15:14:27+0000' | timeago}} • Webcast

Architectural glass designer $APOG said its operating income for 1Q17 was up 44%, making it the 19th straight quarter of substantial double digit growth. The company also said GM grew in all four of its segments YoverY. Additionally, $APOG reported its highest ever first quarter operating margin of 10.6%.

$APOG {{ '2017-09-19T14:26:46+0000' | timeago}} • Webcast

$APOG said it will continue to work on resolving the issues pertaining to its acquired businesses, with focus on increasing their margins. The company expects its core businesses to perform stronger in the second half of 2018, and also to record nominal transaction costs related to past acquisitions.

$APOG {{ '2017-09-19T13:53:16+0000' | timeago}} • Webcast

$APOG said it is well equipped to capitalize on opportunities in the construction sector, which is estimated to witness sustained growth in the coming years. Strong business momentum and positive market conditions have positioned Apogee for a stronger second half and fiscal 2019. In 2Q18, the company repurchased about 0.2MM shares for $10.8MM.

$APOG {{ '2017-09-19T13:34:51+0000' | timeago}} • Webcast

$APOG said the strong performance by its Architectural Framing segment in 2Q18 was driven mainly by the recently acquired EFCO Corp. The company is working to improve EFCO’s operating margins to double-digit and generate synergy savings of $10-$15MM. Apogee expects to record double-digit revenue growth and triple-digit margin enhancement in 2019.

$APOG {{ '2017-09-19T12:43:11+0000' | timeago}} • Infographic

$APOG Apogee Enterprises, Inc. Earnings AlphaGraphics: Q2 2017 highlights

$APOG {{ '2017-09-19T11:18:35+0000' | timeago}} • Announcement

$APOG reaffirmed its outlook of annual revenue growth for fiscal 2018 in the 24% to 26% range. The company continues to expect earnings per share to be $3.05-$3.25 in 2018, and adjusted earnings to be between $3.40 per share and $3.60 per share. Full-year operating margin is estimated at 11-11.5%, and capital expenditure is forecast at $60MM.

$APOG {{ '2017-09-19T11:08:11+0000' | timeago}} • Announcement

Driving $APOG’s strong sales growth in 2Q18, sales of the Architectural Framing Systems division more than doubled to $189MM. Meanwhile, sales of Architectural Glass segment and Architectural Services segment dropped 2% and 40%, respectively, compared to last year. There was a 5% decline in Large-scale Optical sales.

$APOG {{ '2017-09-19T10:55:17+0000' | timeago}} • Announcement

$APOG, a provider of glass solutions, reported a 22% fall in 2Q18 profit as an increase in sales was more than offset by higher expenses. Earnings per share dropped to $0.60 from $0.77 last year, while sales advanced 24% to $344MM. Non-GAAP earnings were $0.75 per share, down 3% from 2Q17. Cost of sales and expenses rose 25% and 47%, respectively.

$APOG {{ '2017-06-22T18:04:04+0000' | timeago}} • Announcement

$APOG has elected Lloyd E. Johnson to its BoD. Mr. Johnson was elected to a three-year term and will serve on the board’s audit committee.

$APOG {{ '2017-06-22T17:49:23+0000' | timeago}} • Webcast

$APOG predicts operating margin from services to be back up to the 7-8% range in FY19. The company's long term goal for the business is to get to 10% operating margin and believes to have a path to get there. $APOG fully expects its margins to see substantial improvement in FY19 and FY20 and back on the path where it was in FY17.

$APOG {{ '2017-06-22T17:43:52+0000' | timeago}} • Webcast

$APOG expects FY18 depreciation and amortization of about $53MM and tax rate of about 33%. For FY18, the company continues to expect mid single-digit growth in U.S. commercial construction markets. For FY18, $APOG expects growth in its Architectural Glass and Architectural Framing Systems, offset by the decline in Architectural Services.

$APOG {{ '2017-06-22T17:40:57+0000' | timeago}} • Webcast

$APOG expects FY18 adjusted operating margin of 11.5-12%, up slightly from last year, as it add EFCO revenue at mid single-digit operating margin. $APOG said it will accelerate growth strategies this year with the addition of Sotawall and EFCO, while continuing to position it for more stable performance throughout any economic cycle.

$APOG {{ '2017-06-22T11:12:04+0000' | timeago}} • Announcement

$APOG updates its FY18 outlook. The company expects revenue growth to be about 26-28%. Earnings per share is expected to be in the range of $3.31-3.51 and adjusted EPS is expected to be in the range of $3.65-3.85.

$APOG {{ '2017-06-22T11:08:00+0000' | timeago}} • Announcement

During 1Q18, $APOG's largest segment, Architectural Framing Systems reported 36% growth in its revenues to $110.5MM. Architectural Services revenues fell 20% to $50.2MM and revenues from Large-Scale Optical Technologies fell 7% to $18.6MM during the quarter.

$APOG {{ '2017-06-22T11:04:15+0000' | timeago}} • Announcement

Glass solution designer $APOG reported 9% drop in its 1Q18 earnings. This was mainly due to lower architectural services revenues and higher costs and expenses. Net income fell to $16.1MM, or $0.56 per share, compared to $17.7MM, or $0.62 per share during 1Q17. Revenues rose 10% YoY to $272.3MM. Excluding items, $APOG earned $0.62, up 2%.

$APOG {{ '2017-06-21T22:12:40+0000' | timeago}} • Announcement

$APOG declared a quarterly cash dividend of $0.14 per share, payable on July 25, 2017 to shareholders of record on July 10, 2017.

$APOG {{ '2017-06-12T20:45:30+0000' | timeago}} • Announcement

$APOG acquired privately-held EFCO Corporation from Pella Corporation for approx. $195MM. The acquisition is expected to add $200-220MM to $APOG’s revenues and be accretive to its EBITDA and EPS in FY18. $APOG aims to achieve $10-15MM in annual synergies by FY20.

$APOG {{ '2017-05-01T14:20:42+0000' | timeago}} • Announcement

$APOG entered into an agreement to acquire 100% of the stock of privately-held EFCO Corporation from Pella Corp for approximately $195MM. Apogee says the deal, expected to close in the first half of FY18, to generate cash and be accretive to its EBITDA and EPS for FY17, and generate $10-15MM in annual synergies, operational efficiencies by FY20.

$APOG {{ '2017-05-01T13:45:02+0000' | timeago}} • Announcement

The Board of Directors of $APOG has declared a quarterly cash dividend of $0.14 per share, payable on June 2, 2017 to shareholders of record on May 19, 2017.

$APOG {{ '2017-04-13T18:33:11+0000' | timeago}} • Webcast

$APOG reported that Architectural Framing Systems segment will be the largest segment in FY18 based on revenue dollars. The company expects to grow in this segment regardless of the end markets because of the fragmented customer base.

$APOG {{ '2017-04-13T18:10:52+0000' | timeago}} • Webcast

$APOG expects 2H18 to be a little bit stronger than 1H18, including a sequential decline from 4Q17 into 1Q18. For FY18, Architectural Glass segment revenue is expected to grow in mid-single digits. In Architectural Framing Systems, growth is expected to be approx. 25%. Architectural Services revenue is expected to decline approx. 10%.

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