Apogee Enterprises Inc., Minneapolis,announced fiscal 2009 fourth quarter and full-year earnings April 6. Apogee provides distinctive value-added glass solutions for the architectural and picture framing industries.
FY09 full year highlights
Revenues were a record $925.5 million, an increase of 5 percent compared to the prior year.Earnings from continuing operations were a record $1.82 per share, up 22 percent from earnings of $1.49 per share a year ago. Operating margin was 8.4 percent, compared to 7.5 percent the prior year.Architectural segment revenues were up 7 percent, and operating income grew 21 percent compared to the prior year. Operating margin was 7.6 percent, up from 6.7 percent the prior year.Large-scale optical segment revenues declined 14 percent, while operating income increased 10 percent versus the prior year.Net earnings were $1.81 per share, compared to $1.67 per share last year. Fiscal 2008 earnings from discontinued operations of $0.18 per share were related to Apogee's exit from the auto glass segment.Read full release.
Share this article:
