Apogee Enterprises, Inc. Fiscal 2025 First Quarter Earnings Call ...

Press Release FOR RELEASE: June 27, 2024 APOGEE ENTERPRISES REPORTS FISCAL 2025 FIRST QUARTER RESULTS • Net sales decrease of 8%, to $332 million • Operating margin improves to 12.5%; adjusted operating margin of 12.8% • Diluted EPS grows to $1.41; adjusted diluted EPS increases 37% to $1.44 • Raising full-year EPS outlook MINNEAPOLIS, MN, June 27, 2024 – Apogee Enterprises, Inc. (Nasdaq: APOG) today reported its results for the first quarter of fiscal 2025. The Company reported the following selected finan ...

mesh cube One of the bad things about investing is that, at some point or another, a good opportunity becomes a neutral one or a bad one. This is not necessarily because of a negative change in the quality of the business in question. Sometimes, it is the result of shares appreciating significantly. One company that is not quite at the point of a downgrade, but that is probably getting close, is Apogee Enterprises (NASDAQ:APOG), a business that's focused on the production and sale of windows, curtain walls, ...

The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Apogee Enterprises (APOG) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out. Apogee Enterprises is one of 222 individual stocks in the Industrial Products sector. Collectively, these companies sit at #4 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector group ...

Apogee Enterprises (APOG) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices - - has triggered this rating change. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _________________________________ FORM 10-K _________________________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 2, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 0-6365 _________________________________ APOGEE ENTERPRISES, INC. (Exact name of regis ...

Apogee Enterprises, Inc. (APOG) reported fourth-quarter fiscal 2024 (ended Mar 2, 2024) adjusted earnings per share (EPS) of $1.14, surpassing the Zacks Consensus Estimate of 97 cents. The bottom line increased 32.6% year over year. Including one-time items, the company reported earnings per share of 71 cents compared with the year-ago quarter's 91 cents. Apogee generated revenues of $362 million in the quarter under review, up 5.2% year over year on solid growth in Architectural Services and Architectural ...

分组1 - 公司在过去三年中制定了新的战略方向,目标是建立更强大的基础,实现长期盈利增长 [11] - 公司通过持续部署Apogee管理系统(AMS)实现了显著的生产效率提升,并增加了差异化产品和服务的占比 [12][13][14] - 公司还加强了核心能力,包括建立中心化的职能专业化、完善人才管理项目,以及加强治理和可持续发展 [15] 分组2 - 公司2024财年全年调整后营业利润增长16%,创历史新高,调整后每股收益增长20%,创历史新高,经营活动产生的现金流近乎翻倍,创历史新高 [16] - 公司在2024财年实现了调整后投资回报率、调整后营业利润率等财务目标,但在收入增长方面未达到预期 [17][18][19][20][21] - 公司已经提高了各业务分部的利润率目标区间,并将继续推进提升利润率的措施 [22][27] 分组3 - 公司预计2025财年收入将下降4%-7%,主要受到市场增长放缓和公司主动退出部分低毛利业务的影响 [46][47] - 公司预计2025财年调整后营业利润率将保持基本稳定,各业务分部的利润率将有所变化 [48][49] - 公司将继续推进地理区域扩张、产品组合优化、并购等措施,以实现长期的收入和利润增长 [29][30][31][94][95] 问答环节重要的提问和回答 问题1 **Julio Romero 提问** 公司在Framing Systems业务中正在进行的Project Fortify调整,包括退出部分较低毛利的产品和服务,对该业务的销售结构有何影响 [58][59][60][61][62][63][64][65][66][67] **Ty Silberhorn 和 Matthew Osberg 回答** 公司将逐步退出部分较低毛利的窗墙和幕墙供应业务,这将占到公司总收入的约1个百分点,并将在2026财年前完全退出这些业务 [59][60][61][62][63][64][65][66][67][68] 问题2 **Brent Thielman 提问** 公司在实现收入增长目标方面的重点策略和着力点是什么 [85][86][87][88][89][90][91][92][93][94][95] **Ty Silberhorn 和 Matthew Osberg 回答** 公司将通过加强服务业务的地域拓展、利用现有品牌和客户关系实现市场份额增长、开拓新的产品和服务应用领域等方式来实现收入增长目标,同时也在积极寻找并购机会 [85][86][87][88][89][90][91][92][93][94][95] 问题3 **Jon Braatz 提问** Project Fortify调整对Framing Systems业务的利润率水平和周期性有何影响 [104][105][106][107][108][109][110][111] **Ty Silberhorn 和 Matthew Osberg 回答** 通过退出部分低毛利业务、优化产品组合和精简运营,公司有信心将Framing Systems业务的利润率维持在10%-15%的目标区间,并在未来随着业务量增长实现进一步提升 [104][105][106][107][108][109][110][111]

财务表现 - Apogee Enterprises (APOG)在最新季度每股收益为1.14美元，超过了Zacks Consensus预期的0.97美元[1] - 公司在过去四个季度中四次超过了市场预期的每股收益[2] - Apogee Enterprises在2024年2月结束的季度实现了3.6184亿美元的营收，超过了Zacks Consensus预期[3] 股价走势 - 公司股价的短期走势将主要取决于管理层在财报电话会议中的评论[4]

第四季度财务表现 - 第四季度净销售额增长5%，达到3.62亿美元[1] - 第四季度调整后每股收益增长33%，达到1.14美元[1] 全年财务表现 - 全年净销售额为14.2亿美元[1] - 全年调整后每股收益增长20%，达到4.77美元[1] - 全年经营利润率提高至9.4%；调整后经营利润率提高至10.3%[1] - 全年经营活动现金流达到创纪录的2.04亿美元[1] 2025财年展望 - 公司提供了2025财年的初步展望[1] - 2025财年预计净销售额下降4%至7%[22] - 预计2025财年调整后每股收益范围为4.35至4.75美元[23] - 预计2025财年调整后有效税率约为24.5%[24] 业务部门表现 - 净销售额为361,840千美元，同比增长5.2%[41] - 基本每股收益为0.72美元，同比下降21.7%[41] - 建筑框架系统部门净销售额为139,188千美元，同比下降6.3%[42] - 建筑玻璃部门净销售额为96,187千美元，同比增长18.2%[42] - 长期光学部门净销售额为27,113千美元，同比下降0.4%[42] 资产和负债情况 - 当前资产中，应收账款净额为173,557千美元[43] - 长期债务为62,000千美元[43] 2024财年财务表现 - Apogee Enterprises, Inc. 在2024财年的经营活动中，净现金流为20.4154亿美元，较上一财年大幅增长[44] - 在2024财年，Apogee Enterprises, Inc. 调整后净收入为10.5439亿美元，较上一财年增长[45] - Apogee Enterprises, Inc. 在2024财年的调整后营业利润为3.4269亿美元，较上一财年增长[46] - 2024财年，Apogee Enterprises, Inc. 的调整后EBITDA为18.5226亿美元，较上一财年增长[48] - Apogee Enterprises, Inc. 在2024财年的净负债率为0.1倍，较上一财年显著下降[49] - Apogee Enterprises, Inc. 在2024财年的经调整营业收入为146,236千美元，较上年同期的125,788千美元增长了16.3%[50] - 经调整后的投入资本回报率（ROIC）为16.5%，较上年同期的13.8%有所提高[50] 2025财年预期 - Apogee Enterprises, Inc. 预计2025财年调整后的每股稀释收益在4.35至4.75美元之间[51]