Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €34.00, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 17x in the Building industry in Europe. Total loss to shareholders of 17% over the past three years. Annuncio • Jul 06
Apogee Enterprises, Inc. Announces Appointment of Christopher W. Ede to President, Architectural Glass Segment Apogee Enterprises, Inc. announced that Christopher W. Ede had been appointed President of the Company's Architectural Glass segment. Prior to his appointment, Ede served as Vice President, Business Development, a position he held since joining the Company in 2022. Chris brings more than 20 years of leadership experience spanning strategy, global P&L management, mergers and acquisitions, finance, and portfolio transformation. Since joining Apogee in 2022, he has played a key role in advancing the Company's growth strategy, leading M&A efforts across the enterprise, developing a robust acquisition pipeline, and overseeing the successful acquisitions of UW Solutions and Kalwall. Annuncio • Jul 02
Apogee Enterprises, Inc. (NasdaqGS:APOG) acquired Kalwall Corporation from the Keller family. Apogee Enterprises, Inc. (NasdaqGS:APOG) agreed to acquire Kalwall Corporation from the Keller family for approximately $120 million on May 28, 2026. The purchase price consists of $105 million in cash at close and up to $10 million of cash earnout subject to financial performance. The acquisition will be financed using cash on hand and the Company’s existing credit facility. Following the acquisition, Apogee plans to integrate Kalwall into its Architectural Glass segment.
The acquisition is expected to contribute $85 million of revenue with an adjusted EBITDA margin of approximately 15% within the first 12 months of ownership. Apogee expects to realize operational and cost synergy opportunities of $4 million by the end of fiscal 2029.
The transaction is subject to customary closing conditions and is expected to close during Apogee's fiscal 2027 second quarter. The transaction is expected to be accretive to Apogee’s adjusted diluted EPS in the first year of ownership. Assuming the pending Kalwall Corporation acquisition closes in early July 2026.
Dorsey & Whitney LLP acted as legal advisor for Apogee Enterprises, Inc.
Apogee Enterprises, Inc. (NasdaqGS:APOG) completed the acquisition of Kalwall Corporation from the Keller family on July 1, 2026. The transaction was completed following satisfaction of customary closing conditions. Annuncio • Jun 29
Apogee Enterprises, Inc.(NasdaqGS:APOG) dropped from Russell 2000 Dynamic Index Apogee Enterprises, Inc.(NasdaqGS:APOG) dropped from Russell 2000 Dynamic Index Declared Dividend • Jun 29
First quarter dividend of US$0.27 announced Shareholders will receive a dividend of US$0.27. Ex-date: 14th July 2026 Payment date: 29th July 2026 Dividend yield will be 2.5%, which is lower than the industry average of 5.0%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (19% cash payout ratio). The dividend has increased by an average of 9.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 6.6% over the next year, which should provide support to the dividend and adequate earnings cover. New Risk • Jun 28
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 41% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (41% net debt to equity). Large one-off items impacting financial results. Reported Earnings • Jun 28
First quarter 2027 earnings released: EPS: US$0.55 (vs US$0.13 loss in 1Q 2026) First quarter 2027 results: EPS: US$0.55 (up from US$0.13 loss in 1Q 2026). Revenue: US$342.7m (down 1.1% from 1Q 2026). Net income: US$11.5m (up US$14.2m from 1Q 2026). Profit margin: 3.4% (up from net loss in 1Q 2026). Revenue is forecast to grow 4.2% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Annuncio • Jun 26
Apogee Enterprises, Inc. Reaffirms Earnings Guidance for Fiscal Year 2027 Apogee Enterprises, Inc. reaffirmed earnings guidance for fiscal year 2027. For the period, based on current macroeconomic conditions and excluding any impacts from the pending Kalwall acquisition, the Company continues to expect net sales to be in the range of $1.38 billion to $1.43 billion. Assuming the pending Kalwall acquisition closes in early July, the Company expects net sales in the range of $1.43 billion to $1.48 billion. Annuncio • Jun 25
Apogee Enterprises Declares Quarterly Cash Dividend, Payable on July 29, 2026 Apogee Enterprises, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.27 per share. The dividend will be payable on July 29, 2026, to shareholders of record at the close of business on July 14, 2026. Annuncio • Jun 05
Apogee Enterprises, Inc. to Report Q1, 2027 Results on Jun 26, 2026 Apogee Enterprises, Inc. announced that they will report Q1, 2027 results Pre-Market on Jun 26, 2026 Annuncio • Jun 01
Apogee Enterprises, Inc. Announces Resignation of Brent C. Jewell as President of Architectural Glass Segment, Effective June 10, 2026 Apogee Enterprises, Inc. announced that Brent C. Jewell tendered his resignation as President of the Architectural Glass Segment. His last day with the Company will be June 10, 2026. Mr. Jewell's resignation is unrelated to the transaction announced by the Company on May 28, 2026 and was not the result of any disagreement with the Company on any matter relating to its operations, policies or practices. Mr. Jewell is expected to continue to support the Company, including with respect to transition, pre-closing and integration activities related to the transaction, through his final date of employment. Annuncio • May 29
Apogee Enterprises, Inc. (NasdaqGS:APOG) agreed to acquire Kalwall Corporation from the Keller family for approximately $120 million. Apogee Enterprises, Inc. (NasdaqGS:APOG) agreed to acquire Kalwall Corporation from the Keller family for approximately $120 million on May 28, 2026. The purchase price consists of $105 million in cash at close and up to $10 million of cash earnout subject to financial performance. The acquisition will be financed using cash on hand and the Company’s existing credit facility. Following the acquisition, Apogee plans to integrate Kalwall into its Architectural Glass segment.
The acquisition is expected to contribute $85 million of revenue with an adjusted EBITDA margin of approximately 15% within the first 12 months of ownership. Apogee expects to realize operational and cost synergy opportunities of $4 million by the end of fiscal 2029.
The transaction is subject to customary closing conditions and is expected to close during Apogee's fiscal 2027 second quarter. The transaction is expected to be accretive to Apogee’s adjusted diluted EPS in the first year of ownership.
Dorsey & Whitney LLP acted as legal advisor for Apogee Enterprises, Inc. Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 4 highly experienced directors. Independent Director Christy Alvord was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • May 13
Apogee Enterprises, Inc., Annual General Meeting, Jun 24, 2026 Apogee Enterprises, Inc., Annual General Meeting, Jun 24, 2026. Annuncio • Apr 24
Apogee Enterprises, Inc. Provides Earnings Guidance for the Fiscal Year 2027 Apogee Enterprises, Inc. provided earnings guidance for the fiscal year 2027. For the year, the Company expects net sales to be in the range of $1.38 billion to $1.43 billion. Annuncio • Apr 23
Apogee Enterprises, Inc. Declares Quarterly Cash Dividend, Payable on May 28, 2026 Apogee Enterprises, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.27 per share. The dividend will be payable on May 28, 2026, to shareholders of record at the close of business on May 13, 2026. Annuncio • Apr 03
Apogee Enterprises, Inc. to Report Q4, 2026 Results on Apr 24, 2026 Apogee Enterprises, Inc. announced that they will report Q4, 2026 results Pre-Market on Apr 24, 2026 Annuncio • Jan 15
Apogee Enterprises Increases Quarterly Cash Dividend, Payable on February 18, 2026 Apogee Enterprises, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.27 per share, a 4% increase from its previous quarterly dividend rate of $0.26 per share. The dividend will be payable on February 18, 2026, to shareholders of record at the close of business on February 3, 2026. Annuncio • Dec 17
Apogee Enterprises, Inc. to Report Q3, 2026 Results on Jan 07, 2026 Apogee Enterprises, Inc. announced that they will report Q3, 2026 results Pre-Market on Jan 07, 2026 Annuncio • Sep 30
Apogee Enterprises, Inc. to Report Q2, 2026 Results on Oct 09, 2025 Apogee Enterprises, Inc. announced that they will report Q2, 2026 results After-Market on Oct 09, 2025 Annuncio • Aug 07
Apogee Enterprises, Inc. Announces Executive Changes, Effective August 7, 2025 Apogee Enterprises, Inc. announced the appointment of two new business segment presidents effective August 7, 2025. Nick Longman will resign as President of the Architectural Metals Segment. Troy Johnson will take the role of President of the Architectural Metals Segment, replacing Mr. Longman, and Matt Christian will take the role of President of the Architectural Services Segment, succeeding Mr. Johnson. Mr. Johnson joined Apogee in 2011 and has served as President of the Architectural Services Segment and as a member of the Executive Committee since 2020. He has more than 25 years of industry experience. Mr. Christian brings 23 years of Apogee experience to his new position, where he most recently served as the Vice President, Products in the Architectural Metals Segment. Prior to that, he spent more than 19 years in the Architectural Services Segment. Annuncio • Jun 26
Apogee Enterprises Declares Quarterly Cash Dividend, Payable on July 31, 2025 Apogee Enterprises, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.26 per share. The dividend will be payable on July 31, 2025, to shareholders of record at the close of business on July 16, 2025. Annuncio • Jun 13
Apogee Enterprises, Inc. to Report Q1, 2026 Results on Jun 27, 2025 Apogee Enterprises, Inc. announced that they will report Q1, 2026 results Pre-Market on Jun 27, 2025 Annuncio • May 14
Apogee Enterprises, Inc., Annual General Meeting, Jun 25, 2025 Apogee Enterprises, Inc., Annual General Meeting, Jun 25, 2025. Annuncio • Apr 24
Apogee Enterprises, Inc. Provides Earnings Guidance for the Fiscal Year 2026 Apogee Enterprises, Inc. provided earnings guidance for the fiscal year 2026. For the year, the Company expects net sales in the range of $1.37 billion to $1.43 billion. The Company expects diluted EPS in the range of $2.54 to $3.19. This includes a current projected unfavorable EPS impact from tariffs of $0.45 to $0.55, which will mostly impact the first half of fiscal 2026, before mitigation efforts take full effect. Annuncio • Apr 23
Apogee Enterprises, Inc. Declares Quarterly Cash Dividend, Payable on May 28, 2025 Apogee Enterprises, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.26 per share. The dividend will be payable on May 28, 2025, to shareholders of record at the close of business on May 13, 2025. Annuncio • Apr 03
Apogee Enterprises, Inc. to Report Q4, 2025 Results on Apr 24, 2025 Apogee Enterprises, Inc. announced that they will report Q4, 2025 results at 9:30 AM, US Eastern Standard Time on Apr 24, 2025 Annuncio • Jan 09
Apogee Enterprises Declares Quarterly Dividend, Payable on February 12, 2025 Apogee Enterprises, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.26 per share, a 4% increase from its previous quarterly dividend rate of $0.25 per share. The dividend will be payable on February 12, 2025, to shareholders of record at the close of business on January 28, 2025. This marks Apogee’s twelfth consecutive year with a dividend increase, during which time the quarterly dividend has grown by 189%, from $0.09 per share to $0.26 per share. Annuncio • Jan 07
Apogee Enterprises, Inc. Revises Earnings Guidance for 2025 Apogee Enterprises, Inc. revised earnings guidance for 2025. The Company now expects full-year net sales to decline approximately 5%, which includes an expected $30 million contribution from the acquisition of UW Solutions and the impact of lower-than-expected volume in the fourth quarter. Annuncio • Dec 10
Apogee Enterprises, Inc. to Report Q3, 2025 Results on Jan 07, 2025 Apogee Enterprises, Inc. announced that they will report Q3, 2025 results Pre-Market on Jan 07, 2025 Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €79.50, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 17x in the Building industry in Europe. Total returns to shareholders of 105% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €55.46 per share. Annuncio • Nov 06
Apogee Enterprises, Inc. (NasdaqGS:APOG) completed the acquisition of UW Interco, LLC from Heartwood Partners. Apogee Enterprises, Inc. (NasdaqGS:APOG) agreed to acquire 100% membership interest of UW Interco, LLC from Heartwood Partners for approximately $240 million on September 23, 2024. A cash consideration of $240 million will be paid by Apogee Enterprises, Inc. As part of consideration, $240 million is paid towards common equity of UW Interco, LLC. Apogee plans to finance the transaction using cash on hand and its existing credit facility. The consummation of the Transaction is subject to the satisfaction or waiver of customary conditions set forth in the Purchase Agreement, including, among others: (i) the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended; (ii) the absence of any law, governmental order or proceeding prohibiting the transactions contemplated by the Purchase Agreement; (iii) no “Company Material Adverse Effect” (as defined in the Purchase Agreement) having occurred since the signing of the Purchase Agreement; and (iv) certain other customary conditions relating to the accuracy of the parties’ representations and warranties in the Purchase Agreement (subject, with specified exceptions, to customary materiality standards) and the performance of their respective obligations under the Purchase Agreement in all material respects.
The transaction is expected to close during the Company’s fiscal 2025 third quarter.
Cleary Gottlieb Steen & Hamilton LLP acted as legal advisor for Apogee Enterprises, Inc. Centerview Partners LLC acted as financial advisor for Apogee Enterprises, Inc. Finn Dixon & Herling, L.L.P. acted as a legal advisor to UW Interco, LLC. Harris Williams LLC acted as a financial advisor to UW Interco.
Apogee Enterprises, Inc. (NasdaqGS:APOG) completed the acquisition of UW Interco, LLC from Heartwood Partners on November 04, 2024. Declared Dividend • Oct 14
Second quarter dividend of US$0.25 announced Shareholders will receive a dividend of US$0.25. Ex-date: 22nd October 2024 Payment date: 6th November 2024 Dividend yield will be 1.3%, which is lower than the industry average of 5.0%. Sustainability & Growth Dividend is well covered by both earnings (21% earnings payout ratio) and cash flows (14% cash payout ratio). The dividend has increased by an average of 9.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 3.1% over the next year, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Oct 07
Now 30% overvalued after recent price rise Over the last 90 days, the stock has risen 32% to €71.50. The fair value is estimated to be €55.01, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.8% over the last 3 years. Earnings per share has grown by 66%. Revenue is forecast to grow by 1.8% in a year. Earnings are forecast to grow by 4.5% in the next year. Reported Earnings • Oct 06
Second quarter 2025 earnings released: EPS: US$1.41 (vs US$1.54 in 2Q 2024) Second quarter 2025 results: EPS: US$1.41 (down from US$1.54 in 2Q 2024). Revenue: US$342.4m (down 3.2% from 2Q 2024). Net income: US$30.6m (down 8.3% from 2Q 2024). Profit margin: 8.9% (down from 9.4% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 1.5% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Annuncio • Oct 04
Apogee Enterprises, Inc. Increases Earnings Guidance for the Fiscal Year Ending March 1, 2025 Apogee Enterprises, Inc. increased earnings guidance for the fiscal year ending March 1, 2025. The Company continues to expect a full-year net sales decline in the range of 4% to 7%. The Company is increasing its outlook for full-year diluted EPS to a range of $4.81 to $5.08. Assuming closing of the UW Solutions acquisition on November 1, 2024, the Company expects incremental net sales of approximately $30 million. Annuncio • Sep 18
Apogee Enterprises, Inc. to Report Q2, 2025 Results on Oct 04, 2024 Apogee Enterprises, Inc. announced that they will report Q2, 2025 results Pre-Market on Oct 04, 2024 Buy Or Sell Opportunity • Sep 16
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 3.5% to €59.50. The fair value is estimated to be €49.20, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last 3 years. Earnings per share has grown by 73%. Revenue is forecast to decline by 3.3% in a year. Earnings are forecast to decline by 1.1% in the next year. Buy Or Sell Opportunity • Aug 23
Now 21% overvalued Over the last 90 days, the stock has fallen 3.3% to €59.50. The fair value is estimated to be €49.06, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last 3 years. Earnings per share has grown by 73%. Revenue is forecast to decline by 3.3% in a year. Earnings are forecast to decline by 1.1% in the next year. Recent Insider Transactions • Jul 18
Insider recently sold €296k worth of stock On the 16th of July, Brent Jewell sold around 5k shares on-market at roughly €59.12 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.4m. Insiders have been net sellers, collectively disposing of €5.3m more than they bought in the last 12 months. Buy Or Sell Opportunity • Jul 12
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 3.7% to €55.50. The fair value is estimated to be €46.13, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last 3 years. Earnings per share has grown by 73%. Revenue is forecast to decline by 3.3% in a year. Earnings are forecast to decline by 1.1% in the next year. Reported Earnings • Jun 28
First quarter 2025 earnings released: EPS: US$1.42 (vs US$1.08 in 1Q 2024) First quarter 2025 results: EPS: US$1.42 (up from US$1.08 in 1Q 2024). Revenue: US$331.5m (down 8.3% from 1Q 2024). Net income: US$31.0m (up 32% from 1Q 2024). Profit margin: 9.4% (up from 6.5% in 1Q 2024). The increase in margin was driven by lower expenses. Revenue is expected to decline by 1.5% p.a. on average during the next 2 years, while revenues in the Building industry in Europe are expected to grow by 4.6%. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jun 24
Fourth quarter dividend of US$0.25 announced Shareholders will receive a dividend of US$0.25. Ex-date: 10th July 2024 Payment date: 25th July 2024 Dividend yield will be 1.7%, which is lower than the industry average of 5.0%. Sustainability & Growth Dividend is well covered by both earnings (21% earnings payout ratio) and cash flows (14% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 2.8% over the next year, which should provide support to the dividend and adequate earnings cover. Annuncio • Jun 20
Apogee Enterprises Declares Quarterly Cash Dividend, Payable on July 25, 2024 Apogee Enterprises, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.25 per share. The dividend will be payable on July 25, 2024, to shareholders of record at the close of business on July 10, 2024. Annuncio • Jun 15
Apogee Enterprises, Inc. to Report Q1, 2025 Results on Jun 27, 2024 Apogee Enterprises, Inc. announced that they will report Q1, 2025 results Pre-Market on Jun 27, 2024 Declared Dividend • May 12
Fourth quarter dividend of US$0.25 announced Shareholders will receive a dividend of US$0.25. Ex-date: 20th May 2024 Payment date: 5th June 2024 Dividend yield will be 1.5%, which is lower than the industry average of 5.0%. Sustainability & Growth Dividend is well covered by both earnings (21% earnings payout ratio) and cash flows (14% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 2.8% over the next year, which should provide support to the dividend and adequate earnings cover. Annuncio • May 12
Apogee Enterprises, Inc., Annual General Meeting, Jun 20, 2024 Apogee Enterprises, Inc., Annual General Meeting, Jun 20, 2024. Annuncio • May 03
Apogee Enterprises, Inc. Declares Quarterly Cash Dividend, Payable on June 5, 2024 Apogee Enterprises, Inc. announced that its board of directors has declared a quarterly cash dividend of $0.25 per share. The dividend will be payable on June 5, 2024, to shareholders of record at the close of business on May 21, 2024. Reported Earnings • Apr 28
Full year 2024 earnings released: EPS: US$4.56 (vs US$4.73 in FY 2023) Full year 2024 results: EPS: US$4.56 (down from US$4.73 in FY 2023). Revenue: US$1.42b (down 1.6% from FY 2023). Net income: US$99.6m (down 4.3% from FY 2023). Profit margin: 7.0% (down from 7.2% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 2.4% p.a. on average during the next 2 years, while revenues in the Building industry in Europe are expected to grow by 4.5%. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Apr 26
Independent Director recently sold €887k worth of stock On the 23rd of April, Herbert Parker sold around 16k shares on-market at roughly €56.40 per share. This transaction amounted to 65% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €3.1m more than they bought in the last 12 months. Annuncio • Apr 19
Apogee Enterprises, Inc. Provides Earnings Guidance for the Fiscal Year 2025 Apogee Enterprises, Inc. provided earnings guidance for the fiscal year 2025. The Company expects a net sales decline in the range of 4% to 7%. The Company expects diluted EPS in the range of $4.25 to $4.55. Reported Earnings • Apr 19
Full year 2024 earnings released: EPS: US$4.56 (vs US$4.73 in FY 2023) Full year 2024 results: EPS: US$4.56 (down from US$4.73 in FY 2023). Revenue: US$1.42b (down 1.6% from FY 2023). Net income: US$99.6m (down 4.3% from FY 2023). Profit margin: 7.0% (down from 7.2% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 1.7% p.a. on average during the next 2 years, while revenues in the Building industry in Europe are expected to grow by 4.5%. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Annuncio • Mar 29
Apogee Enterprises, Inc. to Report Q4, 2024 Results on Apr 18, 2024 Apogee Enterprises, Inc. announced that they will report Q4, 2024 results Pre-Market on Apr 18, 2024 Upcoming Dividend • Jan 22
Upcoming dividend of US$0.25 per share at 1.8% yield Eligible shareholders must have bought the stock before 29 January 2024. Payment date: 14 February 2024. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (5.0%). Annuncio • Jan 11
Apogee Enterprises Increases Quarterly Dividend, Payable on February 14, 2024 Apogee Enterprises, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.25 per share, a 4% increase from its previous quarterly dividend rate of $0.24 per share. The dividend will be payable on February 14, 2024, to shareholders of record at the close of business on January 30, 2024. Reported Earnings • Dec 22
Third quarter 2024 earnings released: EPS: US$1.24 (vs US$1.09 in 3Q 2023) Third quarter 2024 results: EPS: US$1.24 (up from US$1.09 in 3Q 2023). Revenue: US$339.7m (down 7.6% from 3Q 2023). Net income: US$27.0m (up 14% from 3Q 2023). Profit margin: 7.9% (up from 6.5% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 2 years compared to a 4.3% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Annuncio • Dec 08
Apogee Enterprises, Inc. to Report Q3, 2024 Results on Dec 21, 2023 Apogee Enterprises, Inc. announced that they will report Q3, 2024 results Pre-Market on Dec 21, 2023 Annuncio • Oct 19
Apogee Enterprises, Inc. Announces Leadership Transition Apogee Enterprises, Inc. announced a transition in its segment leadership. Effective immediately, Brent C. Jewell will assume the role of President of Apogee’s Architectural Glass Segment. Brent will succeed Nick C. Longman, who has concurrently been named President of Apogee’s Architectural Framing Systems Segment. Brent C. Jewell has served as President of Apogee’s Architectural Framing Systems Segment since August 2019. He joined Apogee in 2018 as Senior Vice President, Business Development and Strategy. In that role he led efforts to develop Apogee’s business strategy and was responsible for implementing increased cross-business collaboration to drive top-line growth. Before joining Apogee, Brent spent seven years at Valspar, a global leader in the coatings industry, where he held senior level positions in their General Industrial Americas and North America Wood Coatings divisions. Before Valspar, Brent held senior level positions in sales, marketing and general management at NewPage, a leading manufacturer of coated printing and specialty papers. Nick C. Longman joined Apogee as President of the Architectural Glass Segment in 2021. He came to Apogee with a strong track record of leading businesses across multiple industries, with experience executing successful growth strategies while driving significant improvements in operational performance. Before joining Apogee, Nick was Chief Executive Officer for Harvey Building Products, a manufacturer and distributor of replacement and new construction windows, doors, and accessory products. Prior to Harvey, he held functional and businesses leadership roles at Colfax, Rexnord Corporation, and Danaher Corporation. Annuncio • Oct 07
Apogee Enterprises Declares Quarterly Cash Dividend, Payable on November 8, 2023 Apogee Enterprises, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.24 per share. The dividend will be payable on November 8, 2023, to shareholders of record at the close of business on October 24, 2023. Annuncio • Sep 20
Apogee Enterprises, Inc. Provides Earnings Guidance for the Fiscal 2024 Apogee Enterprises, Inc. provided earnings guidance for the fiscal 2024. For the year, company expects GAAP diluted EPS in the range of $4.15 to $4.45 and continues to expect flat to slightly declining net sales compared to fiscal 2023. Reported Earnings • Sep 19
Second quarter 2024 earnings released: EPS: US$1.54 (vs US$1.71 in 2Q 2023) Second quarter 2024 results: EPS: US$1.54 (down from US$1.71 in 2Q 2023). Revenue: US$353.7m (down 5.0% from 2Q 2023). Net income: US$33.3m (down 11% from 2Q 2023). Profit margin: 9.4% (in line with 2Q 2023). Revenue is forecast to stay flat during the next 2 years compared to a 4.9% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Annuncio • Sep 08
Apogee Enterprises, Inc. to Report Q2, 2024 Results on Sep 19, 2023 Apogee Enterprises, Inc. announced that they will report Q2, 2024 results Pre-Market on Sep 19, 2023 New Risk • Jul 16
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €264k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 4.1% per year for the foreseeable future. Minor Risk Significant insider selling over the past 3 months (€264k sold). Recent Insider Transactions • Jul 15
Insider recently sold €142k worth of stock On the 12th of July, Brent Jewell sold around 3k shares on-market at roughly €43.81 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.0m more than they bought in the last 12 months. Upcoming Dividend • Jul 04
Upcoming dividend of US$0.24 per share at 2.0% yield Eligible shareholders must have bought the stock before 11 July 2023. Payment date: 27 July 2023. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.6%). Annuncio • Jun 24
Apogee Enterprises, Inc. Raises Earning Guidance for the Fiscal Year 2024 Apogee Enterprises, Inc. raised earning guidance for the full year 2024. For the period, the company raised its diluted EPS to a range of $4.15 to $4.45, up from the previously announced range of $3.90 to $4.25. As a reminder, fiscal 2024 will be a 53-week year, with an extra week in the fourth quarter. Including the extra week of operations, the Company continues to expect flat to slightly declining net sales compared to fiscal 2023, primarily reflecting expected lower volume in Architectural Services and Architectural Framing Systems, partially offset by expected net sales growth in Architectural Glass. Reported Earnings • Jun 24
First quarter 2024 earnings released: EPS: US$1.08 (vs US$1.02 in 1Q 2023) First quarter 2024 results: EPS: US$1.08 (up from US$1.02 in 1Q 2023). Revenue: US$361.7m (up 1.4% from 1Q 2023). Net income: US$23.6m (up 3.7% from 1Q 2023). Profit margin: 6.5% (up from 6.4% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 2 years compared to a 5.1% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Annuncio • Jun 23
Apogee Enterprises, Inc. Declares Quarterly Cash Dividend, Payable on July 27, 2023 Apogee Enterprises, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.24 per share. The dividend will be payable on July 27, 2023, to shareholders of record at the close of business on July 12, 2023. Annuncio • Jun 15
Apogee Enterprises, Inc. to Report Q1, 2024 Results on Jun 21, 2023 Apogee Enterprises, Inc. announced that they will report Q1, 2024 results Pre-Market on Jun 21, 2023 Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €39.40, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Building industry in Europe. Total returns to shareholders of 105% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €50.92 per share. Annuncio • May 13
Apogee Enterprises, Inc., Annual General Meeting, Jun 21, 2023 Apogee Enterprises, Inc., Annual General Meeting, Jun 21, 2023, at 08:00 Central Standard Time. Agenda: To consider election of three Class I directors for terms expiring at our 2026 Annual Meeting of Shareholders; to consider advisory vote to approve Apogee’s executive compensation; to consider advisory vote on the frequency of the advisory vote on executive compensation; to consider advisory vote to ratify the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for the fiscal year ending March 2, 2024; and to consider transaction of such other business as may properly be brought before the Annual Meeting. Upcoming Dividend • May 01
Upcoming dividend of US$0.24 per share at 2.3% yield Eligible shareholders must have bought the stock before 08 May 2023. Payment date: 24 May 2023. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (4.1%). Recent Insider Transactions • Apr 21
Interim Chief Financial Officer recently bought €51k worth of stock On the 12th of April, Mark Augdahl bought around 1k shares on-market at roughly €38.03 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Mark's only on-market trade for the last 12 months. Reported Earnings • Apr 13
Full year 2023 earnings released: EPS: US$4.73 (vs US$0.14 in FY 2022) Full year 2023 results: EPS: US$4.73 (up from US$0.14 in FY 2022). Revenue: US$1.44b (up 9.6% from FY 2022). Net income: US$104.1m (up US$100.6m from FY 2022). Profit margin: 7.2% (up from 0.3% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 2 years compared to a 5.3% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Apr 13
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be €47.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Buying Opportunity • Mar 07
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 1.4%. The fair value is estimated to be €54.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 1.8% in 2 years. Earnings is forecast to grow by 27% in the next 2 years. Buying Opportunity • Feb 07
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 1.8%. The fair value is estimated to be €55.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 1.8% in 2 years. Earnings is forecast to grow by 27% in the next 2 years. Board Change • Feb 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. 1 highly experienced director. CEO, President & Director Ty Silberhorn was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Jan 23
Upcoming dividend of US$0.24 per share Eligible shareholders must have bought the stock before 30 January 2023. Payment date: 15 February 2023. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (4.6%). In line with average of industry peers (2.1%). Annuncio • Jan 13
Apogee Enterprises, Inc. Increases Quarterly Cash Dividend, Payable on February 15, 2023 Apogee Enterprises, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.24 per share, a 9% increase from its previous quarterly dividend rate of $0.22 per share. The dividend will be payable on February 15, 2023, to shareholders of record at the close of business on January 31, 2023.