Apogee Enterprises (APOG) Misses Q1 EPS by 5c
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Apogee Enterprises Reports Fiscal 2021 First Quarter Results
June 26, 2020 6:30 AM EDTSignificant COVID-19 related headwinds impact first-quarter results, with revenue down 19 percent from the prior year to $289 million First quarter earnings of $0.11 per diluted share and adjusted EPS of $0.15 per diluted share, with the impact of reduced revenue being mitigated by actions to manage costs and capacity Effective working capital management drives strong cash flow, well above prior-year level New project wins in Architectural Services grow segment backlog to record $685 million Strong market position and financial condition provide confidence in long-term outlook
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