Stock Analysis

Apogee Enterprises Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

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Apogee Enterprises (NASDAQ:APOG) Full Year 2024 Results

Key Financial Results

  • 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.
  • EPS: US$4.56 (down from US$4.73 in FY 2023).
NasdaqGS:APOG Earnings and Revenue Growth April 19th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Apogee Enterprises Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 6.2%.

Looking ahead, revenue is expected to decline by 1.7% p.a. on average during the next 2 years, while revenues in the Building industry in the US are expected to grow by 5.4%.

Performance of the American Building industry.

The company's shares are up 3.5% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on Apogee Enterprises' balance sheet health.

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