Apogee Enterprises (APOG) Higher on Strong Results
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Price: $41.26 -0.96%
Revenue Growth %: -2.6%
Financial Fact:
Weighted average diluted shares outstanding: 28.96M
Today's EPS Names:
EDXC, BICX, FBPI, More
Revenue Growth %: -2.6%
Financial Fact:
Weighted average diluted shares outstanding: 28.96M
Today's EPS Names:
EDXC, BICX, FBPI, More
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Shares of Apogee Enterprises Inc. (Nasdaq: APOG) are 18% higher this morning following strong Q4 results.
The company reported that Q4 revenues rose 18% to $243.3 million, above the consensus of $236.1 million. Earnings from continuing operations were $0.49 per share, above the consensus of $0.45.
Apogee noted strong operating income in both their architectural and large-scale optical segments.
In addition, things don't look to be slowing for Apogee. The company said they started the new year with their highest architectural backlog ever of $510.9 million. The company said they have strong visibility for fiscal 2009 and into fiscal 2010 due to their backlog, project commitments, strong bidding activity and the construction levels and green building trends in markets they serve. Apogee sees FY09 EPS of $1.82 to $1.94 per share, above the consensus of $1.72.
Apogee is a leader in technologies involving the design and development of value-added glass products and services. [LJ]
Link to Earnings Release
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The company reported that Q4 revenues rose 18% to $243.3 million, above the consensus of $236.1 million. Earnings from continuing operations were $0.49 per share, above the consensus of $0.45.
Apogee noted strong operating income in both their architectural and large-scale optical segments.
In addition, things don't look to be slowing for Apogee. The company said they started the new year with their highest architectural backlog ever of $510.9 million. The company said they have strong visibility for fiscal 2009 and into fiscal 2010 due to their backlog, project commitments, strong bidding activity and the construction levels and green building trends in markets they serve. Apogee sees FY09 EPS of $1.82 to $1.94 per share, above the consensus of $1.72.
Apogee is a leader in technologies involving the design and development of value-added glass products and services. [LJ]
Link to Earnings Release
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