Balanced Risk-Reward for Apogee

Date: 14 March 2014
Source: www.zacks.com

Date: 14 March 2014

On Mar 7, 2014, we issued an updated research report on Apogee Enterprises, Inc.The leader in technologies for design and development of value added glass products, services and systems reported an 18% increase in its third-quarter 2013 earnings to 33 cents per share.

The improvement was particularly driven by improved mix and productivity in the Architectural Glass segment as well as increasing margins and good project execution. For fiscal 2014, Apogee raised the lower end of its earnings guidance on the back of strong backlog at improving margins and project pipeline.Apogee now expects earnings in the band of 95 cents per share to $1.00 per share compared with the previous guidance of 93 cents per share to $1.00 per share. The company guides annual sales growth in the range of 10–11%.

Read more and download the report here.
600450 Balanced Risk-Reward for Apogee glassonweb.com

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