Despite increased costs and labor shortage marring the near-term outlook of the Zacks Glass Products industry, it is poised to benefit from the rising demand for glass — both as a packaging option and for use in construction. This is backed by its endless recyclability and sustainability benefits. Growing demand for energy-efficient, smart windows or smart glass panels will be another catalyst for the industry going forward.Companies like Xinyi Glass (XYIGF) , Apogee Enterprises (APOG) and View, Inc. (VIEW) ...

Core Insights - Zacks Premium offers tools for investors to enhance their stock market engagement and confidence through various research services [1] Zacks Style Scores - Zacks Style Scores are indicators that rate stocks based on value, growth, and momentum characteristics, helping investors identify stocks likely to outperform the market in the next 30 days [2] - Each stock is rated from A to F, with A indicating the highest potential for outperformance [2] Value Score - The Value Score focuses on identifying undervalued stocks using financial ratios such as P/E, PEG, Price/Sales, and Price/Cash Flow [2] Growth Score - The Growth Score emphasizes a company's financial health and future outlook, analyzing projected and historical earnings, sales, and cash flow [3] Momentum Score - The Momentum Score identifies trends in stock prices and earnings outlooks, helping investors time their stock purchases based on recent price changes and earnings estimate revisions [3] VGM Score - The VGM Score combines the Value, Growth, and Momentum Scores, providing a comprehensive rating that highlights stocks with attractive value, strong growth forecasts, and promising momentum [4] Zacks Rank - The Zacks Rank is a proprietary model that uses earnings estimate revisions to guide investors in building successful portfolios, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988 [5] - There are over 800 top-rated stocks available, making it essential for investors to select those with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal success [6] Company Spotlight: Apogee Enterprises (APOG) - Apogee Enterprises is a leader in architectural products, providing glass and framing systems for buildings [7] - Currently rated 3 (Hold) on the Zacks Rank, APOG has a VGM Score of A and a Momentum Style Score of B, with shares up 1% over the past four weeks [7] - Recent earnings estimates for fiscal 2024 have been revised higher, with the Zacks Consensus Estimate increasing by $0.12 to $4.61 per share, and an average earnings surprise of 15.9% [7][8]

Core Viewpoint - Apogee Enterprises, Inc. has announced a quarterly cash dividend increase of 4%, marking its eleventh consecutive year of dividend growth, with a total increase of 178% over the past decade [1]. Group 1: Dividend Announcement - The Board of Directors declared a quarterly cash dividend of $0.25 per share, up from $0.24 per share [1]. - The dividend will be payable on February 14, 2024, to shareholders of record as of January 30, 2024 [1]. - This increase reflects a consistent trend of dividend growth for the company over the past eleven years [1]. Group 2: Company Overview - Apogee Enterprises, Inc. is a leading provider of architectural products and services, specializing in building enclosures and glass and acrylic products [2]. - The company is headquartered in Minneapolis, MN, and offers a portfolio that includes high-performance architectural glass, windows, and integrated project management services [2]. - Apogee's products are designed for preservation, energy conservation, and enhanced viewing experiences [2].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _________________________________ FORM 10-Q _________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended November 25, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 0-6365 _________________________________ APOGEE ENTERPRISES, INC. (Exact n ...

Apogee Enterprises, Inc. (NASDAQ:APOG) Q3 2024 Results Conference Call December 21, 2023 9:00 AM ET Company Participants Jeff Huebschen - VP, IR Ty Silberhorn - CEO Matt Osberg - CFO Conference Call Participants Chris Moore - CJS Securities Julio Romero - Sidoti & Company Brent Thielman - D.A. Davidson Operator Good day, and welcome to the Q3 2024 Apogee Enterprises Earnings Conference Call. [Operator Instructions]. As a reminder, this call is being recorded. I would now like to turn the call over to Jeff H ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _________________________________ FORM 10-Q _________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended August 26, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 0-6365 _________________________________ APOGEE ENTERPRISES, INC. (Exact nam ...

Financial Data and Key Metrics Changes - Consolidated revenue decreased by 5% to $354 million compared to $372 million last year, primarily due to lower volumes in Services and Framing, partially offset by a 22% increase in Glass revenue [10][12] - Adjusted diluted EPS grew by 28% to a record level of $1.36, driven by higher operating income and a lower diluted share count [14][16] - Operating margin expanded by 290 basis points to 11.5%, exceeding the 10% target for the first time since the financial goals were established [10][16] Business Line Data and Key Metrics Changes - Architectural Glass segment revenue increased by 22%, driven by improved volume, pricing, and mix, with operating income nearly tripling to $17.5 million and operating margin improving to 18.5% [10][12][13] - Framing segment operating income grew by 3%, with operating margin expanding by 140 basis points to 13.3%, primarily due to improved mix and cost efficiencies [12][13] - Services segment experienced lower revenue recognition due to a higher mix of early-stage projects, impacting overall revenue [11] Market Data and Key Metrics Changes - Backlog for Framing decreased to $197 million from $221 million in the previous quarter, driven by a decline in longer cycle business [15] - Services backlog also declined to $674 million from $709 million, reflecting delays in award activity [15] Company Strategy and Development Direction - The company is focused on a three-pillar strategy: becoming an economic leader, actively managing the portfolio, and strengthening core capabilities [6][7] - Strategic investments are being made to enable organic growth, diversify project mix, and explore acquisition opportunities [9][20] - The company aims to shift focus towards driving profitable revenue growth after achieving improved margins and returns on invested capital [8][9] Management's Comments on Operating Environment and Future Outlook - Management noted signs of softening in the broader non-residential market but highlighted strong demand in premium Class A office space and mixed-use buildings [23] - The company expects to continue driving productivity gains and operational execution while monitoring macroeconomic trends for potential impacts [20][21] Other Important Information - The company recognized a $4.7 million pretax benefit from a New Markets Tax Credit, which is expected to support future growth [14] - Capital expenditures for the year are projected to be between $50 million and $60 million, with a focus on expanding capacity in higher-margin businesses [19][33] Q&A Session Summary Question: Can you elaborate on the framing operating margin and what mix means within Framing? - Management explained that stronger margins are seen in the shorter-cycle business, which has recovered service and lead time levels, while the team is being selective about project-related business to ensure sustainable margins [25][26] Question: What impact do you expect from aluminum pricing in the balance of '24? - Management indicated that there is no material impact expected from aluminum pricing in the back half of the year [27][28] Question: How do you view cash flow normalization and its relationship with net income? - Management acknowledged unique circumstances affecting cash flow last fiscal year and indicated opportunities for improvement in working capital moving forward [29][30] Question: What are the expected capital expenditures for fiscal '25? - Management stated that while fiscal '24 represents a step-up in CapEx, specific numbers for fiscal '25 have not yet been determined, but there will be a focus on organic growth initiatives [32][33] Question: Are you seeing more orders for mixed-use buildings? - Management confirmed an increase in mixed-use projects, which are being tracked in backlog analysis, indicating a positive trend for the company [36][37] Question: How much more runway is there for mix improvements in the Glass segment? - Management noted that the recent quarter represented an optimal scenario for mix and pricing, but they do not expect to maintain that level consistently [38][39] Question: What organic growth opportunities are being considered? - Management highlighted potential expansion into new geographies and capacity investments, while also considering acquisitions for diversification [42][43]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _________________________________ FORM 10-Q _________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 27, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 0-6365 _________________________________ APOGEE ENTERPRISES, INC. (Exact name o ...

Apogee Enterprises, Inc. Fiscal 2024 First Quarter Earnings Call ...

Apogee Enterprises, Inc. (NASDAQ:APOG) Q1 2024 Earnings Conference Call June 23, 2023 9:00 AM ET Company Participants Jeff Huebschen - Vice President, Investor Relations Ty Silberhorn - Chief Executive Officer Matt Osberg - Chief Financial Officer Conference Call Participants Chris Moore - CJS Securities Eric Stine - Craig Hallum Julio Romero - Sidoti Operator Good day and thank you for standing by. Welcome to the First Quarter 2024 Apogee Enterprises’ Earnings Conference Call. At this time, all participant ...