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 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.
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.