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Apogee Enterprises Inc. (NASDAQ: APOG), headquartered in Minneapolis, MN, is a renowned leader in the architectural products and services industry. The company specializes in providing innovative value-added glass solutions for commercial buildings and custom picture framing. Apogee operates across four primary segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical Technologies (LSO).
Apogee's Architectural Framing Systems segment designs, engineers, fabricates, and finishes aluminum frames for customized windows, curtainwall, storefronts, and entrance systems. This segment generates the highest revenue for the company, primarily serving commercial and institutional buildings to enhance aesthetics, energy efficiency, and protective capabilities.
The Architectural Glass segment produces high-performance glass products that include energy-efficient options and blast-protective glazing. These products are essential for modern architecture, furthering Apogee's commitment to sustainability and safety.
In the Architectural Services segment, Apogee provides integrated project management and installation services. This segment manages complex projects, ensuring timely and efficient delivery of large-scale glass installations. The segment's expertise is highlighted in its recent projects, contributing to a significant backlog of contracts.
The Large-Scale Optical Technologies segment focuses on high-performance glass and acrylic products for custom picture framing and displays. These products reduce reflectivity and fading from sunlight, making them ideal for preservation and enhanced viewing.
Apogee has reported robust financial performance, with net sales reaching $362 million in the latest quarter. The company's strategic initiatives, such as Project Fortify, aim to streamline operations, improve cost structures, and focus on high-margin opportunities. These efforts are expected to deliver annualized cost savings of $12 million to $14 million, enhancing long-term profitability.
With a strong commitment to innovation and sustainability, Apogee continues to provide cutting-edge solutions that meet the evolving needs of architects, builders, and customers worldwide. For more information, visit www.apog.com.
Apogee Enterprises, Inc. (Nasdaq: APOG) is set to report its fiscal 2023 first quarter results on June 23, 2022, before market opening. The company's detailed financial results will be discussed in a conference call starting at 8:00 a.m. Central Time on the same date. Investors can access the webcast through the company's website, with a replay available for those unable to attend live. Apogee is a leading provider of architectural products and services, specializing in high-performance glass and framing solutions.
Apogee Enterprises, Inc. (Nasdaq: APOG) has declared a quarterly cash dividend of $0.22 per share, set to be paid on May 25, 2022. Shareholders on record by the close of business on May 10, 2022 will be eligible for this dividend. Apogee is a leader in providing architectural products and services, including high-performance glass and integrated project management for building enclosures. For more details, visit www.apog.com.
Apogee Enterprises reported a 6.3% increase in fourth-quarter revenue to $328 million, driven by growth in Architectural Services and Framing Systems. Despite a net loss of $(0.67) per diluted share due to a $49.5 million impairment charge, adjusted earnings rose 44% to $0.91 per diluted share. Full-year revenue grew 7% to $1.31 billion. The company announced guidance for fiscal 2023, predicting adjusted earnings between $2.90 and $3.30 per diluted share.
Apogee Enterprises, Inc. (Nasdaq: APOG) is set to report its fiscal 2022 fourth quarter and full-year results on April 7, 2022, before market opening. A conference call discussing the financial results will commence at 8:00 a.m. Central Time on the same day, which will be available for live webcast via the company's website. Apogee, headquartered in Minneapolis, MN, specializes in architectural products and services, including high-performance architectural glass and integrated project management.
Apogee Enterprises, Inc. (Nasdaq: APOG) has announced a quarterly cash dividend of
Apogee Enterprises reported a 6.6% revenue increase in Q3 fiscal 2022, totaling $334.2 million, driven by growth in Architectural Services and Framing Systems. Earnings per diluted share stood at $0.44, influenced by $6.4 million in restructuring and impairment costs. Adjusted earnings were $0.63, down from $0.90 last year. Cash from operations reached $86 million year-to-date, with a narrowed guidance for full-year adjusted earnings set between $2.25 and $2.40 per diluted share.
Apogee Enterprises, Inc. (Nasdaq: APOG) will announce its fiscal 2022 third quarter results on December 21, 2021, before market opens. Following the announcement, a conference call will be held at 8:00 a.m. Central Time, also on December 21. Interested investors can access the call via the Investors section of the company's website. Apogee specializes in architectural products, including glass and aluminum framing systems, delivering solutions for commercial buildings and custom picture framing.
Apogee Enterprises (NASDAQ: APOG) held its Investor Day, where CEO Ty Silberhorn outlined a strategic framework aimed at achieving profitable growth and improved returns over the next three years. The company set new financial targets, including a return on invested capital (ROIC) exceeding 12%, operating margins above 10%, and revenue growth surpassing 1.2 times the non-residential construction market growth. The event showcased Apogee's commitment to becoming a leader in its sectors and enhancing execution capabilities.
Apogee Enterprises, Inc. (Nasdaq: APOG) will host a virtual webcast of its investor day on November 30, 2021, from 9:00 a.m. to 11:30 a.m. Eastern Time. CEO Ty Silberhorn and the management team will discuss strategies for long-term profitable growth. Attendees are encouraged to pre-register via the provided link. The webcast will be accessible on the investor relations section of Apogee's website, with a replay available afterward.
For more details, visit the investor relations page.
Apogee Enterprises, Inc. (Nasdaq: APOG) has agreed to sell its Architectural Glass facility in
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