Apogee(US:APOG)2020-09-17 14:06Financial Performance - Apogee's Q2 FY21 revenue was $319.5 million, compared to $357.1 million in Q2 FY20[13] - Year-to-date revenue was $608.6 million, down from $712.4 million in the prior year[13] - Q2 FY21 operating income was $23.2 million, compared to $27.6 million in Q2 FY20[13] - Year-to-date cash flow reached $85 million, exceeding the previous year's performance[9, 21] Cost Management - The company is on track to deliver over $40 million in cost savings in the current year[19] - Year-to-date procurement savings and Framing Systems improvements have yielded over $10 million in benefits[19] - Temporary cost actions in response to COVID-19 achieved $14 million in savings year-to-date[19] Debt and Liquidity - Debt was reduced by $43 million in Q2, bringing the total debt reduction to $105 million lower than the previous year[9, 11] - Total debt stood at $167.7 million, a decrease from $272.8 million in the prior year[21] Segment Performance - Architectural Framing Systems revenue was $152.9 million in Q2 FY21, compared to $187.4 million in Q2 FY20[15] - Architectural Glass revenue was $86.6 million, down from $99.1 million in the same quarter last year[15] - Architectural Services revenue increased to $73.7 million from $61.6 million[15] - Large-Scale Optical revenue was $16.9 million, compared to $20.8 million in the prior year[15]