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, Inc. (Nasdaq: APOG) has declared a quarterly cash dividend of $0.24 per share. This dividend will be payable on May 24, 2023, to shareholders of record at the close of business on May 9, 2023.
Apogee is a leading provider of architectural products and services, focusing on high-performance glass and acrylic products. Headquartered in location value="LU/us.mn.minnea"Minneapolis, MN, its extensive offerings include architectural glass, windows, and integrated project management services. The company is committed to energy conservation and enhancing client viewing experiences.
Apogee Enterprises reported a 5% increase in fourth-quarter revenue, reaching $344 million, driven by strong performance in Architectural Framing Systems and Architectural Glass. Earnings per diluted share were $0.91, a significant turnaround from the prior year's loss of $(0.67). For the full year, revenue climbed 9.6% to a record $1.44 billion, with full-year earnings per diluted share jumping to $4.64 from $0.14 in fiscal 2022. Operating cash flow for Q4 was robust at $52 million. Looking ahead, Apogee anticipates fiscal 2024 earnings per diluted share between $3.90 and $4.25 but expects flat to slightly declining revenue due to anticipated lower volume in Architectural Services. Despite strong financial metrics, shares may face volatility due to the expected revenue stagnation.
Apogee Enterprises, Inc. (Nasdaq: APOG) is scheduled to report its fiscal 2023 fourth quarter and full-year results on April 12, 2023, before market opening. A conference call will occur at 8:00 a.m. Central Time on the same day, which will also be available via webcast. Investors can access the webcast through the company’s investor section on its website, with a replay option for those unable to attend live. Apogee is a leading provider of architectural products and services, focusing on glass and acrylic solutions that promote energy conservation and enhanced viewing experiences.
Apogee Enterprises, Inc. (Nasdaq: APOG) has appointed Matt Osberg as the new Executive Vice President and Chief Financial Officer, effective April 28, 2023. Osberg brings over 20 years of financial leadership experience, including his recent role as CFO at Helen of Troy Limited and prior positions at Best Buy Co., Inc. CEO Ty R. Silberhorn expressed confidence in Osberg's ability to drive results and add value to the company. Mark Augdahl, the interim CFO, will return to his position as Vice President of Finance for the Architectural Glass segment.
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.