$APOG (Apogee Enterprises Inc)

$APOG {{ '2016-09-15T14:32:07+0000' | timeago}} • Webcast

In 2Q17, $APOG had positive free cash flow of $28MM compared to $31MM in 2Q16, with strong earnings and good working capital performance. The current year CapEx is higher as planned, as the company invests mainly in capabilities & productivity across its businesses. $APOG continues to have strong days working capital management with DWC at 45 days.

$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%.

$APOG {{ '2017-04-13T17:55:41+0000' | timeago}} • Webcast

In 4Q17, $APOG experienced higher raw material prices. Backlog for Architectural Services segment increased by $60MM and backlog is expected to grow in FY18. Also, services segment is expected to have strong FY19. Integration of Sotawall acquisition is estimated to contribute significantly to revenues and operating income in the coming years.

$APOG {{ '2017-04-13T12:14:18+0000' | timeago}} • Announcement

In FY18, $APOG expects U.S. commercial construction market to grow in mid-single digit, aided by the positive momentum in market activity, the Architecture Billings Index, office employment and office vacancy rates. The company also expects sustained U.S. non-residential market growth.

$APOG {{ '2017-04-13T12:10:25+0000' | timeago}} • Announcement

Revenue for Architectural Framing Systems, $APOG's largest segment, surged more than 50% to $121.8MM in 4Q17. This was aided by the volume growth and the revenue from Sotawall, which was acquired by the company during the quarter. Architectural Glass business grew 14% to $112.3MM, while Architectural Services dropped 14% to $66MM.

$APOG {{ '2017-04-13T11:58:38+0000' | timeago}} • Announcement

Architectural-glass fabricator $APOG reported a 19% increase in profit for 4Q17, helped by growth in its three segments. Net earnings grew to $23.1MM or $0.80 per share from $19.94MM or $0.69 per share a year ago. Revenue rose 20% to $314.1MM in the recently ended quarter.

$APOG {{ '2017-04-13T11:51:00+0000' | timeago}} • Announcement

For FY18, $APOG targets revenue growth of approx. 10% and to deliver EPS of $3.35-3.55. “We expect continued top- and bottom-line growth as we execute our strategies to grow through new geographies, new products and new markets," said CEO Joseph Puishys.

$APOG {{ '2017-01-10T19:49:26+0000' | timeago}} • Announcement

$APOG BoD declared a quarterly cash dividend of $0.14 per share, payable on Feb. 15, 2017, to shareholders of record on Jan. 31, 2017.

$APOG {{ '2016-12-15T16:01:22+0000' | timeago}} • Webcast

Canadian-based Sotawall Limited is doing significant amount of business in Northeast U.S., where $APOG's share of demand is less. So $APOG believes the acquisition of Sotawall will expand the company's geographic footprint in Canada and Northeast U.S.

Recent Transcripts

GWW (W.W. Grainger, Inc.)
Wednesday, July 19 2017 - 3:00pm
WOR (Worthington Industries, Inc.)
Thursday, June 29 2017 - 2:30pm
APOG (Apogee Enterprises Inc)
Thursday, June 22 2017 - 1:00pm
NCS (NCI Building Systems Inc.)
Wednesday, June 7 2017 - 1:00pm
AMWD (American Woodmark Corp.)
Tuesday, May 30 2017 - 3:00pm
MOD (Modine Manufacturing Company)
Thursday, May 25 2017 - 1:00pm
LOW (Lowe's Companies, Inc.)
Wednesday, May 24 2017 - 1:00pm
HD (The Home Depot, Inc.)
Tuesday, May 16 2017 - 1:00pm
UQM (UQM Technologies Inc.)
Thursday, May 11 2017 - 8:30pm
MGA (Magna International Inc.)
Thursday, May 11 2017 - 6:30pm
BLDR (Builders FirstSource, Inc.)
Tuesday, May 9 2017 - 2:00pm
CVU (CPI Aerostructures Inc.)
Tuesday, May 9 2017 - 12:30pm
TREX (Trex Co. Inc.)
Friday, May 5 2017 - 12:00pm
SRI (Stoneridge Inc.)
Thursday, May 4 2017 - 1:00pm
LDL (Lydall, Inc.)
Wednesday, May 3 2017 - 7:30pm
SMP (Standard Motor Products Inc.)
Wednesday, May 3 2017 - 3:00pm
MTOR (Meritor, Inc.)
Wednesday, May 3 2017 - 2:00pm
TOWR (Tower International, Inc.)
Tuesday, May 2 2017 - 5:00pm
LBY (Libbey Inc.)
Tuesday, May 2 2017 - 3:00pm
XYL (Xylem Inc.)
Tuesday, May 2 2017 - 1:00pm

AlphaGraphics you may like