Apogee Reports Fiscal 2019 First-Quarter Results
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Apogee Enterprises (APOG) Tops Q1 EPS by 9c, Revenues Beat; Boosts FY19 EPS Outlook Above Consensus
June 28, 2018 6:33 AM EDTApogee Enterprises (NASDAQ: APOG) reported Q1 EPS of $0.62, $0.09 better than the analyst estimate of $0.53. Revenue for the quarter came in at $336.5 million versus the consensus estimate of $304.52 million.
FIRST-QUARTER HIGHLIGHTS
Revenues of $336.5 million were up 24% over the prior year period, driven by acquisition-related and organic growth in Architectural Framing Systems and growth in Architectural Services and in Large-Scale Optical Technologies. This was partially offset by an expected timing-related decline in Architectural Glass. As anticipated, on an organic basis, excluding the EFCO acquisition, revenues were comparable year-over-year.Operating income was... More