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Another good quarter for Apogee Enterprises

Staff writer ▼ | September 24, 2013
Apogee Enterprises announced fiscal 2014 second-quarter results. Revenues were $178.3 million, up 1 percent, and operating income of $9.4 million was up 24 percent.
Apogee Enterprises
Apogee EnterprisesApogee Enterprises announced fiscal 2014 second-quarter results. Revenues were $178.3 million, up 1 percent, and operating income of $9.4 million was up 24 percent.


Architectural Glass revenueswere $70.0 million were up 11 percent. Operating income was $0.8 million, improved from an operating loss of $2.0 million. Operating margin was 1.1 percent, compared to negative 3.2 percent.

Architectural Services revenues were $42.2 million were down 10 percent due to the timing of project flow. Operating loss was $0.8 million, improved from an operating loss of $1.0 million despite the decline in current quarter revenues.

Architectural Framing Systems revenues were $49.5 million were down 5 percent. perating income was $5.2 million, compared to $6.1 million. Operating margin was 10.5 percent, compared to 11.6 percent.

Large-Scale Optical Technologies revenues were $19.7 million were up 1 percent. Operating income was $5.3 million, compared to $5.2 million. Operating margin was 26.9 percent, up from 26.5 percent.

"Apogee recorded another good quarter, with growth in revenues, operating income and backlog We also grew cash and short-term investments in a quarter when we made an acquisition," said Joseph F. Puishys, Apogee chief executive officer.


 

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