Why Apogee Enterprises Shares Are Gaining Today
Apogee Enterprises Inc (NASDAQ: APOG ) reported first-quarter FY23 sales growth of 9% year-over-year to $356.6 million , beating the consensus of $328.59 million. Revenue by segments: Architectural Framing Systems $163.3 million ( 19% Y|Y); Architectural Glass $76.3 million (-8.1% Y|Y); Architectural Services $103.4 million ( 14% Y|Y); and Large-Scale Optical $25.2 million ( 4% Y|Y). The gross margin expanded by 324 bps to 24%. The operating income improved by 107.1% Y|Y to $33.22 million, and the margin expanded by 440 bps to 9.3%. Apogee generated cash from … Full story available on Benzinga.com
Why Apogee Enterprises Shares Are Gaining Today
Apogee Enterprises Inc (NASDAQ: APOG ) reported first-quarter FY23 sales growth of 9% year-over-year to $356.6 million , beating the consensus of $328.59 million. Revenue by segments: Architectural Framing Systems $163.3 million ( 19% Y|Y); Architectural Glass $76.3 million (-8.1% Y|Y); Architectural Services $103.4 million ( 14% Y|Y); and Large-Scale Optical $25.2 million ( 4% Y|Y). The gross margin expanded by 324 bps to 24%. The operating income improved by 107.1% Y|Y to $33.22 million, and the margin expanded by 440 bps to 9.3%. Apogee generated cash from … Full story available on Benzinga.com