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Apogee Enterprises, Inc.

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Apogee’s earnings surged 47% year over year to $0.69 per share in the fourth quarter of fiscal 2016 on strong margins. Moreover, Apogee achieved its fiscal 2016 goals of revenues worth $1 billion at 10% operating margin and expects double-digit revenue growth of approximately 10% and record earnings of $2.65 to $2.80 per share in fiscal 2017. Apogee will benefit from its sound backlog, strong momentum in the architectural markets, and robust bidding and award activity. However, Apogee remains cautious about segmental performance due to the weak Brazilian market conditions and slower Canadian business.


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