Business
Apogee Enterprises Reports Fiscal 2024 Fourth Quarter and Full Year Results
Fourth-quarter net sales increase 5%, to $362 million Fourth-quarter diluted EPS of $0.71; adjusted diluted EPS grows 33%, to $1.14 Full year net sales of
About this update from Apogee Enterprises, Inc.
[{"type":"text","content":"\n\nFourth-quarter net sales increase 5%, to $362 million\n\n\n\nFourth-quarter diluted EPS of $0.71; adjusted diluted EPS grows 33%, to $1.14\n\n\n\nFull year net sales of $1.42 billion\n\n\n\nFull-year diluted EPS of $4.51; full-year adjusted diluted EPS increases 20% to $4.77\n\n\n\nFull-year operating margin improves to 9.4%; adjusted operating margin improves to 10.3%\n\n\n\nFull-year cash flow from operations reaches record $204 million\n\n\n\nProvides initial outlook for fiscal 2025\n\n\n\n MINNEAPOLIS--(BUSINESS WIRE)--\nApogee Enterprises, Inc. (Nasdaq: APOG) today reported its fiscal 2024 fourth-quarter and full-year results. The fourth-quarter and full-year results for fiscal 2024 include the impact of an additional week of operations compared to fiscal 2023. The Company reported the following selected financial results:\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\nThree Months Ended\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n(Unaudited, $ in thousands, except per share amounts)\n\n\n\n\n\n\n \n\n\n\n\n\n\nMarch 2, 2024\n\n\n\n\n\n\n \n\n\n\n\n\n\nFebruary 25, 2023\n\n\n\n\n\n\n \n\n\n\n\n\n\n% Change\n\n\n\n\n\n\n\n\nNet Sales\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n361,840\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n344,105\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n5.2%\n\n\n\n\n\n\n\n\nOperating income\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n21,866\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n25,739\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n(15.0)%\n\n\n\n\n\n\n\n\nOperating margin\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n6.0\n\n\n\n\n\n\n%\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n7.5\n\n\n\n\n\n\n%\n\n\n\n\n\n\n \n\n\n\n\n\n\n(20.0)%\n\n\n\n\n\n\n\n\nDiluted earnings per share\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n0.71\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n0.91\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n(22.0)%\n\n\n\n\n\n\n\n\nAdditional Non-GAAP Measures1\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nAdjusted operating income\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n34,269\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n25,739\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n33.1%\n\n\n\n\n\n\n\n\nAdjusted operating margin\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n9.5\n\n\n\n\n\n\n%\n...