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Overview of Apogee Enterprises (APOG)
Apogee Enterprises is a distinguished provider of value-added glass and aluminum solutions, serving commercial construction, architectural facades, and artistic framing industries. By utilizing advanced engineering techniques and fabrication processes, the company transforms basic materials into sophisticated systems that provide energy efficiency, structural integrity, and aesthetic appeal. With a strong reputation for quality, Apogee has established itself as a reliable partner for architects, building owners, contractors, and picture framers who require both performance and design excellence.
Core Business Areas and Services
At its core, Apogee Enterprises specializes in the engineering, fabrication, installation, and repair of glass and metal systems utilized in commercial buildings. The company offers:
- Commercial Glass Solutions: Designing and installing curtainwalls, storefront systems, and window assemblies that meet the rigorous demands of modern architecture.
- Protective Applications: Providing glazing systems that offer hurricane resistance, blast protection, and enhanced energy efficiency to minimize consumption and improve safety.
- Artistic Framing Solutions: Supplying innovative glass products that minimize reflectivity and fading for picture framing, ensuring the preservation of artistic works.
Each service is backed by in-house engineering expertise, which has enabled Apogee to develop systems that combine high-quality materials with precise fabrication and installation processes.
Engineering, Fabrication, and Technology Leadership
The engineering process at Apogee Enterprises is a confluence of technology and craftsmanship. The company's engineering teams use advanced design software and precise fabrication techniques to develop customized solutions tailored to each building’s unique requirements. This meticulous approach ensures that every product not only meets building codes and safety regulations but also contributes to energy conservation and overall structural resilience.
Innovation in technology and systematic quality control measures further underline the company’s commitment to excellence. From the selection of materials to the final installation, every stage of production is monitored to maintain high standards, which fosters trust among clients and industry peers.
Market Position and Competitive Landscape
Apogee Enterprises occupies a prominent position in the commercial construction and specialty glass market. The company’s emphasis on comprehensive service delivery—from design to ongoing maintenance—allows it to stand apart from competitors who may focus solely on one phase of the process. Its integrated approach ensures that architectural projects are delivered with precision, consistently achieving performance benchmarks in energy efficiency and protective features.
The competitive landscape in which Apogee operates includes both large-scale construction materials suppliers and specialized fabricators. However, the company’s ability to deliver bespoke solutions for both structural and decorative requirements has earned it a reputation for versatility and reliability in a dynamic market environment.
Strategic Diversification and Advanced Coatings Integration
In addition to its core glass and aluminum systems, Apogee Enterprises has strategically expanded its product portfolio through the acquisition of UW Solutions. This move marks a significant entry into the advanced surface coatings segment—encompassing high-definition printable materials, industrial flooring solutions, and engineered coatings. The integration of these capabilities is designed to complement its existing offerings by enhancing the performance and visual appeal of commercial and industrial surfaces.
This strategic diversification reinforces Apogee’s commitment to providing comprehensive solutions that address multiple facets of building performance and aesthetics. The company’s ability to merge traditional glass fabrication techniques with modern coating technologies demonstrates its forward-thinking approach and willingness to invest in innovation.
Operational Excellence and Quality Assurance
Operational excellence is a cornerstone of Apogee’s business model. The company applies rigorous quality assurance protocols across its manufacturing and installation processes, ensuring consistent delivery of reliable, high-performance products. By employing a systematic approach to process improvement and technology integration, Apogee is well-equipped to manage large-scale projects and meet tight deadlines, thereby solidifying its credibility and authority in the market.
Furthermore, its strong focus on sustainable practices—such as optimizing energy usage in building enclosures—provides additional value to clients in the commercial space who are increasingly prioritizing operational efficiency alongside structural aesthetics.
Expertise, Experience, and Industry Impact
With decades of experience and a deep understanding of industry dynamics, Apogee Enterprises has built a portfolio of complex projects that underscore its capability in executing large orders, including skyscraper facades and high-volume commercial installations. The company’s multidisciplinary teams bring together expertise in engineering, materials science, and project management, creating a synergy that drives innovation and quality across every project.
By aligning its operational practices with industry-best standards, Apogee not only meets but often exceeds regulatory requirements and client expectations. This emphasis on expertise, coupled with a consistent track record of performance, forms the basis of its trusted reputation among stakeholders in the construction and architectural sectors.
Conclusion
In summary, Apogee Enterprises is a multifaceted company that has carved a niche in the realm of commercial glass and aluminum solutions, with a broad extension into advanced coatings. Its blend of engineering prowess, comprehensive fabrication capabilities, and strategic diversification into specialty coatings enables it to offer products that enhance the safety, functionality, and visual appeal of modern structures. Whether addressing the technical demands of protective glazing or the nuanced requirements of artistic framing, Apogee maintains a balanced focus on quality, innovation, and operational excellence. This comprehensive approach ensures that the company remains a vital and respected participant in its industry, delivering solutions that are both robust and refined.
Apogee Enterprises, Inc. (Nasdaq: APOG) has declared a quarterly cash dividend of $0.20 per share. This dividend will be payable on July 29, 2021, to shareholders of record by the close of business on July 14, 2021. Apogee is recognized for its distinctive solutions in the architectural sector, particularly in architectural glass and framing services. The company is headquartered in Minneapolis, MN, and focuses on providing innovative products for commercial buildings.
Apogee Enterprises, Inc. (Nasdaq: APOG) will announce its fiscal 2022 first quarter results on June 25, 2021, prior to market opening. The company will host a conference call the same day at 8:00 a.m. Central Time to discuss the financial outcomes and provide a business update. Interested parties can access the live webcast through the Investors section of the company's website, with a replay available for those unable to attend live.
Apogee Enterprises, Inc. (Nasdaq: APOG) has declared a quarterly cash dividend of $0.20 per share, payable on May 25, 2021. Shareholders of record as of the close of business on May 10, 2021 will receive this dividend. Apogee is a leader in architectural products and services, focusing on solutions for enclosing commercial buildings and custom picture framing.
Apogee Enterprises reported fourth-quarter revenue of $308.6 million, a decline from $337.1 million year-over-year, driven by volume declines in Architectural Framing Systems and Glass. The company faced a net loss of $(1.65) per diluted share, influenced by $70.1 million in impairment charges. Adjusted earnings were $0.63 per diluted share, compared to $0.50 last year. For the full year, revenue totaled $1.23 billion, down from $1.39 billion, with adjusted earnings of $2.40 per share. Looking ahead, fiscal 2022 guidance for earnings is set between $2.10 and $2.35 per diluted share.
Apogee Enterprises, Inc. (Nasdaq: APOG) will announce its fiscal 2021 fourth quarter and full-year results on April 8, 2021, before market open. A conference call to discuss the financial outcomes and future outlook will take place at 8:00 a.m. Central Time on the same day. The call will be available via webcast through the company's Investor section on its website, with a replay accessible afterward. Apogee specializes in architectural products, providing solutions for commercial buildings and custom picture framing.
Apogee Enterprises, Inc. (Nasdaq: APOG) has declared a quarterly cash dividend of $0.20 per share, marking a 7% increase from the previous $0.1875 rate. This dividend will be payable on February 16, 2021, to shareholders of record as of February 1, 2021. This announcement signifies Apogee's eighth consecutive year of dividend increases, with the quarterly dividend having more than doubled from $0.09 to $0.20.
Apogee Enterprises, Inc. (Nasdaq: APOG) announced an equity grant for its CEO, Ty R. Silberhorn, who joined the company on January 4, 2021. The grant consists of 45,662 shares of time-based restricted common stock valued at $1,400,000. This grant will vest in two increments over a five-year period: 16,308 shares after two years and 29,354 shares after five years. This compensation aligns with the company's strategy to incentivize leadership.
Apogee Enterprises, Inc. (Nasdaq: APOG) announced the appointment of Ty R. Silberhorn as the new Chief Executive Officer, effective January 4, 2021. Silberhorn comes from 3M, where he was Senior Vice President of Transformation, Technologies and Services. This leadership change follows Joseph F. Puishys' planned retirement. Apogee’s Board Chair, Donald A. Nolan, expressed confidence in Silberhorn's ability to drive growth and operational performance based on his extensive experience. Silberhorn will be the fifth CEO in Apogee’s 71-year history.
Apogee Enterprises, Inc. (Nasdaq: APOG) reported third-quarter fiscal 2021 revenue of $313.6 million, down from $337.9 million a year ago, primarily due to declines in Architectural Framing Systems and Glass, partially offset by growth in Services and Optical segments. Earnings per diluted share rose to $1.42 from $0.57 year-over-year, benefiting from cost management. Cash flow improved significantly, with net cash of $121 million year-to-date. The company expects ongoing challenges due to COVID and soft market conditions, impacting fourth-quarter revenue.
Apogee Enterprises, Inc. (Nasdaq: APOG) will release its fiscal 2021 third quarter results on December 18, 2020, before market opening. A conference call to discuss financial results and business updates will follow at 8:00 a.m. Central Time, accessible via their website. Apogee specializes in architectural products, including glass and aluminum framing systems, and aims to provide distinctive solutions for commercial buildings and art framing.
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