Apogee Enterprises, Inc. designs and develops glass solutions for enclosing commercial buildings and framing art in the United States, Canada, and Brazil. It operates through four segments: Architectural Glass, Architectural Services, Architectural Framing Systems, and Large-Scale Optical Technologies (LSO). The Architectural Glass segment is involved in the fabrication of coated and high-performance architectural glass. The Architectural Services segment designs, engineers, fabricates, and installs the walls of glass, windows, and other curtain wall products making up the outside skin of commercial and institutional buildings. The Architectural Framing Systems segment designs, engineers, fabricates, and finishes the aluminum frames used in customized aluminum and glass windows, curtain walls, storefronts, and entrance systems comprising the outside skin and entrances of commercial and institutional buildings. It is also involved in the manufacture of aluminum window systems and curtain walls; and painting and anodizing architectural aluminum and PVC shutters. The LSO segment manufactures value-added glass and acrylic for the custom picture framing and fine art markets. The company's architectural glass and metal framing products and services are used in commercial buildings, such as office towers, hotels, and retail centers; and institutional buildings, including education facilities and dormitories, health care facilities, and government buildings, as well as high-end multi-family buildings. Apogee Enterprises, Inc. markets its architectural products and services through direct sales force, independent sales representatives, and distributors to architects, building owners, general contractors, and glazing subcontractors; and value-added glass and acrylics through independent distributors and retail chains, as well as directly to museums, and public and private galleries. The company was founded in 1949 and is headquartered in Minneapolis, Minnesota.
Technical break out over 45 taking it out of the downtrend, waiting to see if there is some follow through.
Apogee Beats Q4 Earnings Estimates Apogee Enterprises, Inc. (APOG) posted earnings per share of 69 cents in fourth-quarter fiscal 2016 (ended Feb 27, 2016) that surged 47% from earnings of 47 cents per share in the prior-year quarter. The improvement was driven by strong margins. Earnings beat the Zacks Consensus Estimate of 63 cents.
Reported after close yesterday (6/22/16) Earnings: EPS $0.61 Revenue $247.9M Estimates: EPS $0.49 Revenue $247.18M Up 9.40% pre-market so far
Upcoming dividend information: Ex-Div-Date: 10/21/16 Payment Date: 11/9/16 Dividend: $0.13 Current Price: $43.90 Annual Yield: 1.14%
Apogee's revised revenue growth for the full FY19 is 8-10%, down from 10% previously. The new operating margin guidance is 8.3-8.8%, down from 8.9-9.4%.