Apogee Enterprises to Open NASDAQ Stock Market May 7

Date: 8 May 2008
Source: Apogee Enterprises, Inc.
Apogee Enterprises, Inc. (NASDAQ: APOG) Chairman and Chief Executive Officer Russell Huffer will preside over the NASDAQ Stock Market opening bell ceremony Wednesday, May 7 to celebrate the company's 25-year listing anniversary on NASDAQ and to recognize that Apogee has achieved two consecutive years of record earnings.

Apogee provides distinctive value-added glass solutions for the architectural and picture framing industries.

"We are honored to have the opportunity to participate in the opening bell ceremony, at the NASDAQ MarketSite, located at 4 Times Square," said Russell Huffer, Apogee chairman and chief executive officer. "4 Times Square, as well as countless other buildings in New York City and across the nation, are benefiting from energy-efficient architectural glass fabricated by Apogee.

"The growing green building trend is contributing to Apogee's strong performance, despite concerns about a slowdown in the commercial construction industry," said Huffer. "We have the wide variety of aesthetic architectural glass products architects want, with the best energy-efficiency properties available in our markets, making buildings with our glass more valuable."

Apogee achieved record earnings of $1.49 per share in fiscal 2008 and expects to earn from $1.82 to $1.94 per share on revenue growth of 12 to 15 percent in fiscal 2009, which started in March.

"Our architectural segment, approximately 90 percent of our revenues, has been operating well in markets that are using more and more value-added design and energy-efficient products," said Huffer. "We are positioned for continued strong growth for our architectural segment in fiscal 2009. We started the new fiscal year with our highest architectural backlog ever - $510.9 million. We have strong visibility for fiscal 2009 and into fiscal 2010 due to our backlog, project commitments, strong bidding activity, and the construction levels and green building trends in markets we serve."

A live webcast of the NASDAQ opening bell ceremony, which will include remarks from Huffer, will be available at approximately 8:20 a.m. central time at: http://www.nasdaq.com/about/marketsitetowervideo.asx

Apogee Enterprises, Inc., headquartered in Minneapolis, is a leader in technologies involving the design and development of value-added glass products and services. The company is organized in two segments:

-- Architectural products and services companies design, engineer, fabricate, install, maintain and renovate the walls of glass and windows, and storefronts and entrances comprising the outside skin of commercial and institutional buildings.

-- Large-scale optical segment consists of a value-added glass and acrylic manufacturer for the custom framing market and commercial optics.

CONTACT: Apogee Enterprises, Inc.

Mary Ann Jackson, 952-487-7538

Investor Relations

mjackson@apog.com

600450 Apogee Enterprises to Open NASDAQ Stock Market May 7 glassonweb.com

See more news about:

Others also read

Herbert Kent Parker
Apogee Enterprises, Inc. announced that its board of directors elected a new independent director, Herbert K. Parker, 60, retired financial executive from Harman International Industries.
Apogee Announces Architectural Glass Restructuring
Investments, productivity improvements enable Utah plant closure; Restructuring charges reflected in previous fiscal 2018 outlook.
Crossmark Global Holdings Inc. Takes $259,000 Position in Apogee Enterprises, Inc.
The institutional investor purchased 5,376 shares of the industrial products company’s stock, valued at approximately $259,000.
Wicona provides innovative structural glazing solutions to One Bedford Avenue
WICONA, the specialist manufacturer of glazing and glass curtain walling, has worked with specialist contractor GLASSOLUTIONS to deliver the glazing and facades package for One Bedford Avenue, a flagship mixed use development in Central London.
Linetec introduces Brushed Stainless anodize finish
Linetec elevates the aesthetics of anodize to new heights with the addition of a proprietary Brushed Stainless finish.
Dan Smith
He is based in Dallas and reports directly to Tubelite regional sales manager Terry Robinholt. They work closely with glazing contractors and architectural teams across the region to provide assistance with storefront, curtainwall, entrances and daylight control systems.

Add new comment