Business
Apogee Enterprises Hosts Investor Day and Announces Three-Year Financial Targets
Outlines strategy to drive profitable growth by building differentiated businesses with stronger execution New three-year financial targets include
About this update from Apogee Enterprises, Inc.
[{"type":"text","content":"\n\nOutlines strategy to drive profitable growth by building differentiated businesses with stronger execution\n\n\nNew three-year financial targets include significant margin expansion, above-market growth, and higher return on invested capital\n\n\n MINNEAPOLIS--(BUSINESS WIRE)--\nApogee Enterprises, Inc. (Nasdaq: APOG) today will host its 2021 Investor Day, which will include presentations by Chief Executive Officer Ty Silberhorn, and other members of the executive leadership team. During the presentations, Apogee’s leadership team will discuss their strategic framework for driving profitable growth and improving return on invested capital over the next three years. The presentations will be followed by a question-and-answer session with management.\n\nThe company is also announcing new three-year financial goals, which include:\n\n\nReturn on invested capital (ROIC) greater than 12%\n\n\nOperating margin greater than 10%\n\n\nRevenue growth greater than 1.2 times the growth of the non-residential construction market\n\n\n“Following a deep strategic review of our business, we have a roadmap to deliver profitable growth and improved returns,” said Ty R. Silberhorn, Apogee’s Chief Executive Officer. “Our strategy is centered around three pillars, including becoming the economic leader in our target markets, actively managing the portfolio to drive higher margins and ROIC, and strengthening our core capabilities to enable improved execution. We are excited about the opportunities we see ahead of us to deliver significantly improved financial performance and look forward to providing more insight on our plans during today’s investor day.”\n\nThe event will begin at 9:00 a.m. ET today, November 30, 2021, and is expected to conclude at approximately 11:30 a.m. ET. A live webcast of the event and the presentation materials will be available in the Investors section of the company’s website, https://www.apog.com/investor-relations. A replay will be available shortly after the conclusion of the event.\n\nAbout Apogee Enterprises, Inc.\n\nApogee Enterprises, Inc. (Nasdaq: APOG) delivers distinctive solutions for enclosing commercial buildings and framing art. Headquartered in Minneapolis, MN, we are a leader in architectural products and services, providing architectural glass, aluminum framing systems and installation services for bui...