Apogee Enterprises (APOG) Tops Q1 EPS by 6c, Updates FY Guidance

Apogee Enterprises (NASDAQ: APOG) reported Q1 EPS of $0.42, $0.06 better than the analyst estimate of $0.36. Revenue for the quarter came in at $326 million versus the consensus estimate of $288.6 million.

GUIDANCE:

Apogee Enterprises sees FY2022 EPS of $2.20-$2.40, versus the consensus of $2.20.

• Based on first quarter results, the company is increasing its full-year earnings guidance to a range of $2.20 to $2.40 per diluted share, up from the previously announced range of $2.10 to $2.35. This guidance includes $7 to $10 million of expected pre-tax costs related to investments in transformation initiatives. The company continues to expect a full-year tax rate of approximately 24.5 percent, and full-year capital expenditures of approximately $45 million.

For earnings history and earnings-related data on Apogee Enterprises (APOG) click here.

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