Apogee Reports Fiscal 2012 First-Quarter Results

Apogee Enterprises, Inc. on Jun 21, 2011 announced fiscal 2012 first-quarter results. Apogee provides distinctive value-added glass solutions for the architectural and picture framing industries.

FY12 FIRST QUARTER VS. PRIOR-YEAR PERIOD

* Revenues of $153.3 million were up 7 percent.

* Operating loss was $3.4 million, compared to a loss of $6.1 million.

* Per share loss was $0.08, compared to a loss of $0.13.

* Architectural segment revenues increased 7 percent, with an operating loss of $7.1 million.

o Backlog ended at $247.0 million, compared to $237.2 million at the end of fiscal 2011 and $214.9 million in the prior-year period.

* Large-scale optical segment revenues grew 8 percent, while operating income increased 38 percent to $4.6 million.

* Cash and short-term investments totaled $43.0 million, compared to $60.6 million at the end of the fiscal 2011.

Read more on the link below.

600450 Apogee Reports Fiscal 2012 First-Quarter Results glassonweb.com
Date: 23 June 2011
Source: Apogee Enterprises, Inc.

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