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Apogee Q1 Earnings Increase Significantly; FY08 Guidance Raised
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 Apogee Enterprises, Inc. (Nasdaq:APOG) today announced fiscal 2008 first quarter earnings. Apogee provides distinctive value-added glass solutions for the architectural and picture framing industries.
FIRST QUARTER HIGHLIGHTS
-- Revenues of $209.9 million were up 12 percent versus the prior-year
period.
-- Earnings from continuing operations were $0.34 per share versus
$0.17 per share a year earlier. Net earnings were $0.40 per share
versus $0.17 per share in the prior-year period.
-- Operating margin was 7.1 percent, compared to 4.4 percent in
the prior-year period.
-- Architectural segment revenues grew 14 percent, and operating
income increased 108 percent versus the prior-year period.
-- Large-scale optical segment revenues were flat as expected, and
operating income increased 25 percent versus the prior-year period.
-- Outlook for fiscal year 2008 earnings from continuing operations
has been increased to a range of $1.37 to $1.47 per share, up from
prior guidance of $1.27 to $1.37 per share.
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June 27th, 2007
Photo: Apogee
Source: Apogee |
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