Apogee Enterprises (APOG) Tops Q4 EPS by 20c, Offers Outlook

Apogee Enterprises (NASDAQ: APOG) reported Q4 EPS of $0.91, $0.20 better than the analyst estimate of $0.71. Revenue for the quarter came in at $328 million versus the consensus estimate of $323.33 million.

GUIDANCE:

Apogee Enterprises sees 2023 EPS of $2.90-$3.30, versus the consensus of $2.91.

• The company is providing initial guidance for fiscal year 2023, with full year adjusted earnings expected to be in the range of $2.90 to $3.30 per diluted share. The company expects revenue growth in fiscal 2023, primarily driven by growth in Architectural Framing Systems. The company forecasts full year capital expenditures of $35 to $40 million.

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

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