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APOG expects fiscal 2025 adjusted EPS between $4.81 and $5.08, up from the previously disclosed $4.65-$5.00.
Apogee Enterprises (APOG, Financial) experienced a significant stock movement as its shares soared by 23.15%. This surge followed the company's strong second-quarter earnings performance and an upward revision of its full-year profit guidance despite a revenue decline.
The architectural products and services company raised full-year EPS guidance even as revenue declined.
Apogee Enterprises, Inc. (NASDAQ:APOG ) Q2 2025 Earnings Conference Call October 4, 2024 9:00 AM ET Company Participants Jeff Huebschen - VP, IR Ty Silberhorn - CEO Matthew Osberg - CFO Conference Call Participants Brent Thielman - D.A. Davidson Julio Romero - Sidoti & Company Jon Braatz - KCCA Gowshi Sriharan - Singular Research Operator Good day and thank you for standing by.
Apogee Enterprises (APOG, Financial) saw a significant rise of 22% following its Q2 earnings report. The company delivered another impressive EPS beat, marking the sixth consecutive double-digit EPS surprise.
On October 4, 2024, Apogee Enterprises Inc (APOG, Financial) released its 8-K filing for the fiscal 2025 second quarter, reporting a mixed performance with a notable improvement in operating margins despite a decline in net sales. The company, a leading provider of architectural products and services, reported a 3.2% decrease in net sales to $342 million, exceeding the estimated $335.29 million.
Apogee Enterprises Inc (APOG, Financial) is set to release its Q2 2025 earnings on Oct 4, 2024. The consensus estimate for Q2 2025 revenue is $335.29 million, and the earnings are expected to come in at $1.18 per share.
APOG inks a deal to acquire UW Solutions for $240 million in cash from Heartwood Partners.
Apogee Enterprises remains a 'buy' despite revenue drops, due to strong bottom line growth and attractive share pricing relative to peers. Recent financials show mixed results: revenue down 8.3% YoY, but net income up from $23.6M to $31M, driven by cost reductions and margin improvements. Project Fortify aims to save $12M-$14M annually through operational changes and phasing out low-margin products, already showing positive impact on profitability.