Why Apogee Rocketed 25% Higher Today [Yahoo! Finance]
Apogee Enterprises, Inc. (APOG)
Last apogee enterprises, inc. earnings: 4/2 06:30 am
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US:NASDAQ Investor Relations:
ir.apog.com/news-releases
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Source: Yahoo! Finance
Apogee released second-quarter earnings today. Not only did the company beat expectations, but it also raised profit guidance for the rest of the year, even amid negative revenue growth. The news sent shares rallying to all-time highs. Management is enhancing profitability Apogee makes high-end framing, glass, and protective acrylic building products, and also provides architectural services. But its main markets are in the non-residential space. So, it hasn't exactly had a great growth profile recently as non-residential construction has had a tough few years amid work-from-home trends and higher interest rates. However, the tough environment has made the stock quite cheap. Meanwhile, management has been cutting lower-margin business and boosting profitability through an initiative called Project Fortify. That came out in today's earnings report. While revenue fell 3.2%, the company's non-GAAP (adjusted) earnings per share (EPS) managed to grow 5.9% to $1.44. And both figures
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APOG
News
- Apogee Enterprises, Inc. (NASDAQ: APOG) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- Are Industrial Products Stocks Lagging Apogee Enterprises (APOG) This Year? [Yahoo! Finance]Yahoo! Finance
- Why Apogee Enterprises (APOG) is a Top Growth Stock for the Long-Term [Yahoo! Finance]Yahoo! Finance
- Apogee Enterprises Completes Acquisition of UW SolutionsBusiness Wire
- Is Apogee Enterprises, Inc. (NASDAQ:APOG) Potentially Undervalued? [Yahoo! Finance]Yahoo! Finance
APOG
Earnings
- 10/4/24 - Beat
APOG
Sec Filings
- 11/8/24 - Form SC
- 11/6/24 - Form 144
- 11/5/24 - Form 8-K/A
- APOG's page on the SEC website