Business
Apogee Enterprises Reports Fiscal 2025 First Quarter Results
Net sales decrease of 8%, to $332 million Operating margin improves to 12.5%; adjusted operating margin of 12.8% Diluted EPS grows to $1.41; adjusted diluted
About this update from Apogee Enterprises, Inc.
[{"type":"text","content":"\n\nNet sales decrease of 8%, to $332 million\n\n\n\nOperating margin improves to 12.5%; adjusted operating margin of 12.8%\n\n\n\nDiluted EPS grows to $1.41; adjusted diluted EPS increases 37% to $1.44\n\n\n\nRaising full-year EPS outlook\n\n\n\n MINNEAPOLIS--(BUSINESS WIRE)--\nApogee Enterprises, Inc. (Nasdaq: APOG) today reported its results for the first quarter of fiscal 2025. 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\nJune 1, 2024\n\n\n\n\n\n\n \n\n\n\n\n\n\nMay 27, 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$\n\n\n\n\n\n\n331,516\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n361,713\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n(8.3\n\n\n\n\n\n\n)%\n\n\n\n\n\n\n\n\nOperating income\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n41,381\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n33,767\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n22.5\n\n\n\n\n\n\n%\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\n12.5\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\n9.3\n\n\n\n\n\n\n%\n\n\n\n\n\n\n \n\n\n\n\n\n\n34.4\n\n\n\n\n\n\n%\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$\n\n\n\n\n\n\n1.41\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n1.05\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n34.3\n\n\n\n\n\n\n%\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\nAdjusted operating income\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n42,503\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n33,767\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n25.9\n\n\n\n\n\n\n%\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\n12.8\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\n9.3\n\n\n\n\n\n\n%\n\n\n\n\n\n\n \n\n\n\n\n\n\n37.6\n\n\n\n\n\n\n%\n\n\n\n\n\n\n\n\nAdjusted diluted earnings per share\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n1.44\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n1.05\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n37.1\n\n\n\n\n\n\n%\n\n\n\n\n\n...