Apogee (APOG) Tops Q1 Earnings Estimates, Hikes FY25 View

Apogee Enterprises, Inc. (APOG) reported earnings per share (EPS) of $1.44 in first-quarter fiscal 2025 (ended Jun 1, 2024), surpassing the Zacks Consensus Estimate of $1.16. The bottom line increased 37.1% year over year.Apogee generated revenues of $331.5 million in the quarter under review, down 8.3% year over year due to lower volume.Operational UpdateCost of sales in the fiscal first quarter fell 13.4% year over year to $233 million. Gross profit increased 6.3% year over year to $99 million. The gross ...