Volume 48, Issue 8- August 2013

FinancialFlash

Architectural Revenues Up for Apogee

The first-quarter financial figures for Apogee Enterprises’ architectural segment saw a robust increase in revenues along with an overall operating income that more than doubled.

The company reported operating income was $6.1 million, up from $2.3 million in the prior year, while the earnings per share were also up considerably at $0.14 compared to $0.06. Net earnings were $4.2 million in the quarter compared to $1.6 million in the prior-year period—a 159 percent increase.

Architectural glass revenues jumped 27 percent to $74.8 million, while architectural services (up 19 percent to $46.5 million) also recorded strong profits.
USG
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