Welcome to our dedicated page for Apogee Entr news (Ticker: APOG), a resource for investors and traders seeking the latest updates and insights on Apogee Entr stock.
Apogee Enterprises reports developments for an operating company that supplies architectural building products and services and high-performance coated materials. News commonly covers quarterly and annual results, segment performance across Architectural Metals, Architectural Services, Architectural Glass, and Performance Surfaces, and operating factors such as construction demand, product mix, cost actions, debt levels, and contributions from acquired businesses.
Company updates also include cash dividend declarations and dividend increases, board and executive leadership changes, and schedules for earnings releases and conference calls. The recurring news record links Apogee's non-residential building enclosure products with its coated-materials activities and the financial measures used to describe sales, margins, earnings, leverage, and capital allocation.
Apogee Enterprises (Nasdaq: APOG) has announced the date for its fiscal 2025 second quarter financial results. The company will release its results on Friday, October 4, 2024, before the market opens. Following the release, Apogee will host a conference call and webcast at 8:00 a.m. Central Time to discuss the financial results.
Investors and interested parties can access the webcast through the Investors section of Apogee's website at https://www.apog.com/events-and-presentations. For those unable to attend the live webcast, a replay and transcript will be made available on the company's website after the event.
Apogee Enterprises, celebrating its 75th anniversary, was founded as Harmon Glass Company in Minneapolis on July 12, 1949. Now boasting 4,400 employees and 15 facilities across the U.S., Canada, and Brazil, Apogee's architectural products adorn various prominent structures worldwide. CEO Ty R. Silberhorn attributes the company's success to its resilience and innovation, emphasizing future growth and team investment. Initially focused on windshield replacement and contract glass installation, Apogee went public in 1971 and reached $1.4 billion in sales in 2023. Key brands include Harmon, Viracon, Alumicor, EFCO, Linetec, Tubelite, and Tru Vue, known for their quality and innovation.
Apogee Enterprises (Nasdaq: APOG) released its Q1 fiscal 2025 results, reporting an 8.3% decline in net sales to $331.5 million due to lower volume. However, the company's operating margin improved to 12.5%, and adjusted operating margin reached 12.8%. Diluted EPS grew 34.3% to $1.41, with adjusted diluted EPS increasing 37.1% to $1.44. Key segments showed mixed results: Architectural Services saw a 10.7% sales increase, while other segments experienced declines. Despite volume pressures, Apogee raised its full-year EPS outlook to $4.56-$4.88, with adjusted EPS projected at $4.65-$5.00. The company repurchased $15.1 million in stock and expects fiscal 2025 net sales to decline by 4-7%.
Apogee Enterprises (Nasdaq: APOG) announced that its Board of Directors has declared a quarterly cash dividend of $0.25 per share. This dividend is scheduled to be paid on July 25, 2024. Shareholders who hold the company's stock as of the close of business on July 10, 2024, will qualify to receive the dividend. This announcement underscores Apogee's commitment to returning value to its shareholders through consistent dividend payouts.
Apogee Enterprises (Nasdaq: APOG) will release its fiscal 2025 first quarter financial results on June 27, 2024, before the market opens.
The company will also host a webcast conference call to discuss these results at 8:00 a.m. Central Time on the same day. Investors can access the webcast and a subsequent replay through the company's website.
Apogee Enterprises, Inc. (Nasdaq: APOG) declared a quarterly cash dividend of $0.25 per share, payable on June 5, 2024. The Board of Directors announced this dividend for shareholders of record on May 21, 2024.
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