Apogee Enterprises, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended March 02, 2024
April 18, 2024 at 06:09 am EDT
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Apogee Enterprises, Inc. reported earnings results for the fourth quarter and full year ended March 02, 2024. For the fourth quarter, the company reported sales was USD 361.84 million compared to USD 344.11 million a year ago. Net income was USD 15.74 million compared to USD 20.22 million a year ago. Basic earnings per share from continuing operations was USD 0.72 compared to USD 0.92 a year ago. Diluted earnings per share from continuing operations was USD 0.71 compared to USD 0.91 a year ago.
For the full year, sales was USD 1,416.94 million compared to USD 1,440.7 million a year ago. Net income was USD 99.61 million compared to USD 104.11 million a year ago. Basic earnings per share from continuing operations was USD 4.55 compared to USD 4.73 a year ago. Diluted earnings per share from continuing operations was USD 4.51 compared to USD 4.64 a year ago.
Apogee Enterprises, Inc. is a provider of architectural products and services for enclosing buildings, and performance glass and acrylic products used in applications for preservation, protection, and enhanced viewing. The Company operates through four segments: Architectural Framing Systems, Architectural Glass, Architectural Services and Large-Scale Optical Technologies (LSO). The Architectural Framing Systems segment designs, engineers, fabricates and finishes aluminum window, curtainwall, storefront and entrance systems for the exterior of buildings. The Architectural Glass segment coats and fabricates glass used in custom window and wall systems on commercial buildings. The Architectural Services segment integrates technical services, project management, and field installation services to design, engineer, fabricate, and install building glass and curtainwall systems. The LSO segment manufactures glazing products for the custom framing, fine art, and engineered optics markets.