Architectural glass

Apogee Enterprises Reports Fiscal 2024 Third Quarter Results

Retrieved on: 
Thursday, December 21, 2023
Architecture, Commercial Building & Real Estate, Construction & Property, Other Manufacturing, Building Systems, REIT, Other Construction & Property, Manufacturing, Growth, Investment, Central Time, Webcast, Corporation, GAAP, Architectural glass, Public expenditure, EPS, Glass, Music

Segment backlog2 at the end of the quarter was $183.9 million, compared to $197.5 million at the end of the second quarter.

Key Points: 
  • Segment backlog2 at the end of the quarter was $183.9 million, compared to $197.5 million at the end of the second quarter.
  • Net cash provided by operating activities in the quarter was $66.7 million, compared to $53.8 million in last year’s third quarter.
  • The net leverage ratio3 as of the end of the third quarter improved to 0.4x compared to 0.9x at the end of fiscal 2023.
  • As a reminder, fiscal 2024 is a 53-week year, with an extra week in the fourth quarter.

Apogee Enterprises Reports Fiscal 2024 Second Quarter Results

Retrieved on: 
Tuesday, September 19, 2023
Architecture, Commercial Building & Real Estate, Construction & Property, Other Manufacturing, Building Systems, REIT, Other Construction & Property, Manufacturing, Capital expenditure, Apsis, GAAP, Central Time, Public expenditure, Architectural Services Department, Investment, New Markets Tax Credit Program, Corporation, Capital, Webcast, Growth, EPS, Glass, Pharmaceutical industry, Retail, Security (finance), Natural gas, Cryptocurrency, Architectural glass

“Second quarter operating margin of 11.5% exceeded our 10% target for the first time since we established our financial goals in November 2021.

Key Points: 
  • “Second quarter operating margin of 11.5% exceeded our 10% target for the first time since we established our financial goals in November 2021.
  • Net cash provided by operating activities in the quarter was $41.3 million, compared to $27.8 million in last year’s second quarter.
  • The net leverage ratio3 as of the end of the second quarter was 0.7x compared to 0.9x at the end of fiscal 2023.
  • As a reminder, fiscal 2024 is a 53-week year, with an extra week in the fourth quarter.

Apogee Enterprises Reports Fiscal 2024 First Quarter Results

Retrieved on: 
Friday, June 23, 2023
Other Manufacturing, Environment, Commercial Building & Real Estate, Construction & Property, REIT, Manufacturing, Building Systems, Architecture, Other Construction & Property, Webcast, Public expenditure, Growth, Architectural Services Department, EPS, Glass, Capital expenditure, System, Investment, Central Time, Retail, Video game, Architectural glass

Segment backlog2 at the end of the quarter was $221 million, compared to $243 million at the end of the fourth quarter of fiscal 2023.

Key Points: 
  • Segment backlog2 at the end of the quarter was $221 million, compared to $243 million at the end of the fourth quarter of fiscal 2023.
  • Segment backlog ended the quarter at $709 million, compared to $727 million at the end of the fourth quarter of fiscal 2023.
  • Cash and cash equivalents were $24.6 million, compared to $15.2 million at the end of the first quarter of fiscal 2023.
  • As a reminder, fiscal 2024 will be a 53-week year, with an extra week in the fourth quarter.

Apogee Enterprises Reports Fiscal 2023 Fourth Quarter and Full Year Results

Retrieved on: 
Wednesday, April 12, 2023
Architecture, Sustainability, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Environment, Construction & Property, Other Manufacturing, Green Technology, Building Systems, Manufacturing, Interior Design, Architectural glass, Capital expenditure, Apsis, Central Time, Sale, Architectural Services Department, Investment, Webcast, Growth, Glass, Enterprise, Video game

Apogee Enterprises, Inc. (Nasdaq: APOG) today announced its fiscal 2023 fourth-quarter and full-year results.

Key Points: 
  • Apogee Enterprises, Inc. (Nasdaq: APOG) today announced its fiscal 2023 fourth-quarter and full-year results.
  • Fourth-quarter revenue grew 4.9 percent to $344.1 million, compared to $328.0 million in the fourth quarter of fiscal year 2022, led by double-digit growth in Architectural Framing Systems and Architectural Glass.
  • “The fourth quarter was a solid close to a terrific year for Apogee, as we continued to build momentum in executing our strategy,” said Ty R. Silberhorn, Chief Executive Officer.
  • In the fourth quarter, net cash provided by operating activities was $51.6 million, compared to $14.2 million in last year’s fourth quarter.

NEW CORPORATE HEADQUARTERS IN INDIANA FEATURES BENDHEIM'S TURNKEY™ SYSTEM

Retrieved on: 
Tuesday, February 28, 2023
U.S. Bancorp, Browning, Glass, Designer, Drama, First, Architectural glass, Element, History, AGM, City, Metal, Nature, FDIC, Interior design, Online shopping, Geography of Indiana, Fisher, Bendheim Center for Finance

NEW YORK, Feb. 28, 2023 /PRNewswire/ -- Architects for a $157 million downtown redevelopment in Central Indiana specified Bendheim's problem-solving TurnKey™ Glass Wall Cladding system for the project's anchor building, adding elegance to an open interior.

Key Points: 
  • Designed by Browning Day of Indianapolis, a new corporate headquarters for First Internet Bank opened in the city of Fishers, Ind., in May 2022.
  • The use of Bendheim's patented TurnKey™ system to attach the glass cladding sped installation along.
  • The TurnKey™ system is also more forgiving than other installation methods, allowing easy adjustments to compensate for uneven walls.
  • Images of the TurnKey™ installation at First Internet Bank are available here: https://app.box.com/s/mpxluzw4wv61uti5rllqtdgwe1w7zbs8
    For more information about the TurnKey™ system, please see https://bendheim.com/introducing-turnkey-quick-assembly-glass-wall-systems/

Apogee Enterprises Reports Fiscal 2023 Third Quarter Results

Retrieved on: 
Thursday, December 22, 2022
Interior Design, Architecture, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Enterprise, Public expenditure, Growth, Investment, Webcast, Apsis, Central Time, Architectural glass, Architectural Services Department, Video game

Apogee Enterprises, Inc. (Nasdaq: APOG) today announced its fiscal 2023 third quarter results.

Key Points: 
  • Apogee Enterprises, Inc. (Nasdaq: APOG) today announced its fiscal 2023 third quarter results.
  • Architectural Services revenue in the third quarter was $102.0 million, compared to $105.4 million in the prior-year quarter.
  • In the third quarter, net cash provided by operating activities was $53.8 million, compared to $31.4 million in last year’s third quarter.
  • Cash and cash equivalents were $21.7 million, compared to $37.6 million at the end of the third quarter of fiscal 2022.

Apogee Enterprises Reports Fiscal 2023 First Quarter Results

Retrieved on: 
Thursday, June 23, 2022
Other Manufacturing, Environment, Commercial Building & Real Estate, Construction & Property, REIT, Building Systems, Manufacturing, Green Technology, Architecture, Other Construction & Property, Time, Contract, Webcast, Public expenditure, COVID-19, Tax, EPS, Investor relations, Compliance, Enterprise, Company, U.S. Securities and Exchange Commission, Aluminium, Private Securities Litigation Reform Act, Depreciation, Growth, EBITDA, Investment, Building, Nature, Nasdaq, Central Time, Architectural Services Department, Architectural glass, Adjustment, Apsis, GAAP, Capital expenditure, Video game, Audit, Bank, Risk management

Apogee Enterprises, Inc. (Nasdaq: APOG) today announced its fiscal 2023 first quarter results.

Key Points: 
  • Apogee Enterprises, Inc. (Nasdaq: APOG) today announced its fiscal 2023 first quarter results.
  • Segment backlog increased to $310 million, up from $281 million at the end of the fourth quarter of fiscal 2022.
  • Segment backlog improved to $681 million, up from $665 million at the end of the fourth quarter of fiscal 2022.
  • Prior-year results for Architectural Services have been recast to reflect the move of the Sotawall business into the segment, effective this quarter.

Siteline Raises $18.4M to Reimagine Construction Finance

Retrieved on: 
Thursday, February 24, 2022
Data Management, Technology, Other Construction & Property, Other Technology, Software, Construction & Property, Internet, Workforce, Entrepreneurship, Roblox, Uber, Population, Pain, Investment, School, Architectural glass, Industry, Roku, First Round Capital, General partnership, CA, VP, PricewaterhouseCoopers, Architecture, Menlo Ventures, Multimedia, Health care, Curri, Poshmark, Marketing, Engineering, CEO, Seed, Video game, Construction, Interior design, Square, Carta, PlanGrid, Level set, Brick, Siteline, Menlo Ventures, First Round Capital, Brick & Mortar Ventures, SITELINE, MENLO VENTURES, FIRST ROUND CAPITAL, BRICK & MORTAR VENTURES

Tyler Sosin, who led the Siteline investment on behalf of Menlo Ventures, is an active investor in construction technology.

Key Points: 
  • Tyler Sosin, who led the Siteline investment on behalf of Menlo Ventures, is an active investor in construction technology.
  • By solving the payments problem for subcontractors arguably the largest segment of the construction workforce Siteline addresses a critical issue for a large population serving a multi-trillion dollar industry.
  • Getting paid in construction is a huge hassle, and that makes cash flow harder to manage, said Gloria Lin, Co-Founder and CEO of Siteline.
  • Gloria and her team are building a best-in-class solution to simplify construction finance workflows, and we look forward to supporting their continued expansion and growth.

Apogee Enterprises Reaches Agreement to Sell Facility in Statesboro, Georgia

Retrieved on: 
Monday, October 18, 2021
Construction & Property, Other Manufacturing, Building Systems, Manufacturing, Apsis, Private Securities Litigation Reform Act, Architectural glass, Glass, Sale, Research, U.S. Securities and Exchange Commission, Nasdaq, Enterprise, Southeastern United States, Solution, Cardinal, Risk management, Apogee Enterprises, Inc., Cardinal Glass Industries, Inc., APOGEE ENTERPRISES, INC., CARDINAL GLASS INDUSTRIES, INC.

Apogee Enterprises, Inc. (Nasdaq: APOG) announced that it has entered into an agreement to sell its Architectural Glass facility located in Statesboro, Georgia to Cardinal Glass Industries.

Key Points: 
  • Apogee Enterprises, Inc. (Nasdaq: APOG) announced that it has entered into an agreement to sell its Architectural Glass facility located in Statesboro, Georgia to Cardinal Glass Industries.
  • Apogee had previously announced its intent to close the Statesboro location as a part of a broader restructuring plan.
  • Apogee expects to record a pre-tax gain on the sale of between $18 million to $20 million.
  • This sale agreement is a terrific outcome for Apogee, our employees in Statesboro, and the surrounding community, said Ty R. Silberhorn, Apogees Chief Executive Officer.

Apogee Enterprises Announces Restructuring and Cost Reduction Actions

Retrieved on: 
Wednesday, August 11, 2021
Architecture, Manufacturing, Commercial Building & Real Estate, Construction & Property, Building Systems, Other Manufacturing, Apsis, Goal, Enterprise, Architectural Services Department, Company, Nasdaq, Private Securities Litigation Reform Act, EFCO, Growth, U.S. Securities and Exchange Commission, Solution, Architectural glass, AFS, Velocity, Sales, Risk management

The actions we are announcing today will better align our organization and cost structure to achieve these objectives.

Key Points: 
  • The actions we are announcing today will better align our organization and cost structure to achieve these objectives.
  • When completed, the restructuring actions announced today are expected to reduce the companys workforce by approximately 400 employees.
  • These actions build on the companys previously announced restructuring and cost savings initiatives.
  • Apogee Enterprises, Inc. (Nasdaq: APOG) delivers distinctive solutions for enclosing commercial buildings and framing art.