Apogee Enterprises Completes Acquisition of UW Solutions
Apogee Enterprises (APOG) has completed its acquisition of UW Solutions, a manufacturer of high-performance coated substrates, for $242 million in cash. The acquisition expands Apogee's Large-Scale Optical segment capabilities and market opportunities. In fiscal 2025, the acquisition is expected to add $30 million in net sales but decrease adjusted diluted EPS by $0.10 due to increased interest and amortization expenses. By fiscal 2026, the acquisition is projected to be EPS accretive, contributing $100 million in revenue with an adjusted EBITDA margin of 20%.
Apogee Enterprises (APOG) ha completato l'acquisizione di UW Solutions, un produttore di substrati rivestiti ad alte prestazioni, per 242 milioni di dollari in contante. L'acquisizione amplia le capacità e le opportunità di mercato del segmento Ottico di Grandi Dimensioni di Apogee. Nell'anno fiscale 2025, si prevede che l'acquisizione aggiunga 30 milioni di dollari nelle vendite nette, ma ridurrà l'EPS diluito rettificato di 0,10 dollari a causa dell'aumento degli interessi e delle spese di ammortamento. Entro l'anno fiscale 2026, l'acquisizione dovrebbe risultare accrescitiva per l'EPS, contribuendo con 100 milioni di dollari di ricavi e con un margine EBITDA rettificato del 20%.
Apogee Enterprises (APOG) ha completado su adquisición de UW Solutions, un fabricante de sustratos recubiertos de alto rendimiento, por 242 millones de dólares en efectivo. La adquisición amplía las capacidades y oportunidades en el mercado del segmento Óptico a Gran Escala de Apogee. En el año fiscal 2025, se espera que la adquisición aporte 30 millones de dólares en ventas netas, pero disminuirá el EPS diluido ajustado en 0,10 dólares debido a mayores gastos de interés y amortización. Para el año fiscal 2026, se proyecta que la adquisición sea accretiva para el EPS, contribuyendo con 100 millones de dólares en ingresos y un margen EBITDA ajustado del 20%.
아포지 엔터프라이즈(APOG)는 고성능 코팅 기판 제조업체인 UW 솔루션을 현금 2억 4천2백만 달러에 인수했다고 발표했습니다. 이번 인수는 아포지의 대규모 광학 부문의 능력 및 시장 기회를 확대합니다. 2025 회계연도에는 이번 인수가 순 매출에 3천만 달러를 추가할 것으로 예상되지만, 증가한 이자 및 상각비로 인해 조정 후 희석 EPS는 0.10달러 감소할 것으로 보입니다. 2026 회계연도에는 이번 인수가 EPS에 긍정적인 영향을 미쳐 1억 달러의 수익을 창출하고 조정 EBITDA 마진이 20%에 이를 것으로 예상됩니다.
Apogee Enterprises (APOG) a finalisé l'acquisition de UW Solutions, un fabricant de substrats revêtus haute performance, pour un montant de 242 millions de dollars en espèces. Cette acquisition renforce les capacités et les opportunités de marché du segment Optique à Grande Échelle d'Apogee. Pour l'exercice 2025, l'acquisition devrait ajouter 30 millions de dollars de chiffre d'affaires net, mais réduire le BPA dilué ajusté de 0,10 dollar en raison des dépenses accrues d'intérêts et d'amortissement. D'ici l'exercice 2026, l'acquisition devrait être accretive pour le BPA, contribuant à 100 millions de dollars de revenus avec une marge EBITDA ajustée de 20%.
Apogee Enterprises (APOG) hat die Übernahme von UW Solutions, einem Hersteller von hochleistungsfähigen beschichteten Substraten, für 242 Millionen Dollar in bar abgeschlossen. Die Übernahme erweitert die Fähigkeiten und Marktchancen von Apogee im Bereich der Großoptik. Im Geschäftsjahr 2025 wird erwartet, dass die Akquisition die Nettoumsätze um 30 Millionen Dollar erhöht, jedoch das bereinigte verwässerte EPS um 0,10 Dollar aufgrund höherer Zins- und Amortisationsaufwendungen verringert. Bis zum Geschäftsjahr 2026 wird prognostiziert, dass die Akquisition EPS-höherwertig ist und 100 Millionen Dollar Umsatz mit einer bereinigten EBITDA-Marge von 20% liefert.
- Strategic expansion of Large-Scale Optical segment capabilities
- Expected $100M revenue contribution in fiscal 2026
- Projected 20% adjusted EBITDA margin in fiscal 2026
- Acquisition expected to be EPS accretive by fiscal 2026
- Initial $0.10 decrease in adjusted diluted EPS expected in fiscal 2025
- Increased interest and amortization expenses impact
- Significant cash outlay of $242 million for acquisition
Insights
The
The acquisition price represents approximately
Ty R. Silberhorn, Apogee’s Chief Executive Officer, said, “I am excited to welcome the UW Solutions team to Apogee. This acquisition expands the capabilities and market opportunity of our Large-Scale Optical segment, leveraging the combined strengths of both businesses to create a new engine for growth.”
In fiscal 2025, the Company expects the acquisition to contribute incremental net sales of approximately
More information regarding the acquisition can be found in the Company’s September 25, 2024, press release announcing the transaction.
About Apogee Enterprises, Inc.
Apogee Enterprises, Inc. (Nasdaq: APOG) is a leading provider of architectural building products and services, as well as high-performance coated materials used in a variety of applications. Headquartered in
Use of Non-GAAP Financial Measures
This release contains the following non-GAAP measures: adjusted EBITDA (adjusted net earnings before interest, taxes, depreciation, and amortization) margin and adjusted diluted EPS (adjusted net earnings per diluted share). These measures are used by the Company to provide meaningful supplemental information about its operating performance by excluding amounts that are not considered part of core operating results to enhance comparability of results from period to period. Management uses non-GAAP measures to evaluate the Company’s historical and prospective financial performance, measure operational profitability on a consistent basis, as a factor in determining executive compensation, and to provide enhanced transparency to the investment community. Non-GAAP measures should be viewed in addition to, and not as a substitute for, the reported financial results of the Company prepared in accordance with GAAP. Other companies may calculate these measures differently, limiting the usefulness of the measures for comparison with other companies. The Company is not providing reconciliations for these forward-looking non-GAAP financial measures because the Company is unable to predict with reasonable certainty the ultimate outcome of adjusted items without unreasonable efforts. These items are uncertain, depend on various factors and could be material to financial results computed in accordance with GAAP.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. The words “believe,” “expect,” “anticipate,” “intend,” “estimate,” “forecast,” “project,” “should,” “will” and similar expressions are intended to identify “forward-looking statements.” These statements reflect Apogee management’s expectations or beliefs as of the date of this release. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. These forward-looking statements are subject to significant risks that could cause actual results to differ materially from the expectations reflected in the forward-looking statements. More information concerning potential factors that could affect future financial results is included in the company’s Annual Report on Form 10-K and in subsequent filings with the
View source version on businesswire.com: https://www.businesswire.com/news/home/20241104770588/en/
Jeff Huebschen
Vice President, Investor Relations & Communications
952.487.7538
ir@apog.com
Source: Apogee Enterprises, Inc.
FAQ
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