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

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).

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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