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, Inc. (Nasdaq: APOG) is a provider of architectural building products and services and high-performance coated materials, with operations organized into the Architectural Metals, Architectural Services, Architectural Glass, and Performance Surfaces segments. Headquartered in Minneapolis, Minnesota, the company focuses on products and services used to enclose buildings and in applications that require preservation, protection, and enhanced viewing.
This news page compiles company-issued announcements and market updates related to Apogee. Readers can find earnings releases that discuss net sales trends, segment performance, non-GAAP measures such as adjusted EBITDA and adjusted diluted earnings per share, and commentary on factors like material costs, tariffs, and project mix. The company’s communications also describe initiatives such as Project Fortify Phase 2, which is intended to drive cost efficiencies and optimize the manufacturing footprint, particularly in the Architectural Services and Architectural Metals segments.
In addition to financial results, Apogee’s news often covers leadership and governance developments, including CEO and CFO transitions, appointments of business segment presidents, and updates from the Board of Directors. Dividend declarations and changes to the quarterly cash dividend are also announced through press releases, including information on record dates and payment dates.
Investors and followers of APOG can use this page to monitor recurring themes in the company’s updates, such as its exposure to non-residential construction markets, the performance of its architectural and performance surfaces segments, and its use of non-GAAP measures and backlog to describe business conditions. For ongoing research, this news feed provides a centralized view of Apogee’s public disclosures and corporate announcements over time.
Apogee Enterprises, Inc. (Nasdaq: APOG) declared a quarterly cash dividend of $0.24 per share, marking a 9% increase from $0.22. This dividend is payable on February 15, 2023, to shareholders of record on January 31, 2023. This milestone represents Apogee’s tenth consecutive year of dividend increases, with total growth of 167% since the dividend was $0.09 per share. CEO Ty R. Silberhorn attributed this increase to strong operational performance and cash flow generation.
Apogee Enterprises reported a 10.1% revenue increase for Q3, reaching $368 million, compared to $334.2 million in the prior year. Earnings per diluted share surged to $1.07, up from $0.44, reflecting margin gains and improved pricing. Cash from operations stood at $54 million. The company has narrowed its full-year adjusted earnings guidance to $3.90 to $4.05 per share. Architectural Framing Systems and Architectural Glass were significant growth drivers, while Architectural Services faced challenges with lower profitability.
Apogee Enterprises, Inc. (Nasdaq: APOG) is set to release its fiscal 2023 third quarter results on December 22, 2022, before market opening. A conference call is scheduled for 8:00 a.m. Central Time on the same day, allowing investors to discuss the financial results. The webcast will be accessible via the company's Investors section on its website, with a replay available later. Apogee specializes in architectural products and services, including high-performance glass and integrated project management.
Apogee Enterprises, Inc. (Nasdaq: APOG) announced a quarterly cash dividend of $0.22 per share. This dividend will be payable on November 9, 2022, to shareholders recorded by the close of business on October 25, 2022. Apogee specializes in architectural products and high-performance glass, providing comprehensive solutions for building enclosures. The company is headquartered in location value="LU/us.mn.minnea"Minneapolis, MN.
Apogee Enterprises reported strong fiscal Q2 2023 results, with revenue up 14.2% to a record $372.1 million, driven by growth in Architectural Framing Systems and Services. Earnings per diluted share rose to $1.68, benefiting from a $0.62 tax benefit. Adjusted earnings also reached a record at $1.06 per share. The company increased full-year adjusted earnings guidance to $3.75 to $4.05 per share, anticipating 8-10% revenue growth. Despite lower operating cash flow of $27.8 million, Apogee returned $83.9 million to shareholders through buybacks and dividends.
Apogee Enterprises, Inc. (NASDAQ: APOG) is set to report its fiscal 2023 second quarter results on September 20, 2022, before market opens. The financial results will be discussed during a conference call starting at 8:00 a.m. Central Time on the same date. Investors can access the webcast via the company's website. Apogee is a leader in architectural products and services, specializing in high-performance architectural glass and customized framing solutions.
Apogee Enterprises, Inc. (NASDAQ: APOG) has completed an amendment and extension of its senior unsecured credit facility, increasing it to $385 million. The new agreement includes an uncommitted accordion feature for an additional $200 million borrowing capacity and will mature in 2027. Apogee will use this facility to repay its $150 million senior unsecured term loan. CEO Ty R. Silberhorn stated the revised credit facility offers lower borrowing costs and greater flexibility to support the company's strategic direction.
Apogee Enterprises, Inc. (NASDAQ: APOG) announced the resignation of Chief Financial Officer, Nisheet Gupta, effective August 1, 2022. Mr. Gupta is leaving to pursue an opportunity outside the industry. Mark Augdahl, Vice President of Finance for the Architectural Glass segment, has been appointed as interim CFO. CEO Ty R. Silberhorn expressed gratitude for Gupta's contributions, especially during the pandemic, while emphasizing Augdahl's industry expertise during the search for a permanent CFO.
Apogee Enterprises (Nasdaq: APOG) has declared a quarterly cash dividend of $0.22 per share, payable on July 27, 2022, to shareholders on record as of July 12, 2022. The company’s Board also increased its share repurchase authorization by 1 million shares, totaling approximately 1.25 million shares available for buyback. Apogee will assess future repurchase options based on cash flow, debt levels, and market conditions.
Apogee Enterprises reported a strong fiscal 2023 first quarter, with revenue growing 9.4% to $356.6 million compared to $326.0 million in the prior year. Earnings per diluted share reached $1.00, up from $0.42, driven by improved profitability in its Architectural Framing Systems and Architectural Glass segments. The company increased its full-year adjusted earnings guidance to $3.50 to $3.90 per diluted share, citing strong operational execution despite ongoing cost inflation and supply chain challenges.