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Apogee reports fiscal 2011 first-quarter results

Post Time:Jun 23,2010Classify:Industry NewsView:87

Apogee Enterprises Inc., Minneapolis, today announced fiscal 2011 first-quarter results, according to a June 22 release. Apogee provides distinctive value-added glass solutions for the architectural and picture framing industries.

FY11 first quarter vs. prior year period

Revenues of $143.0 million were down 21 percent.
  • Operating loss was $6.1 million, compared to earnings of $11.7 million.
  • Loss from continuing operations was $0.13 per share, versus earnings of $0.27 per share.
  • Architectural segment revenues declined 24 percent, with an operating loss of $8.6 million.
    • Backlog ended at $214.9 million, compared to $227.5 million at the end of fiscal 2010 and $310.0 million in the prior-year period.
    • Large-scale optical segment revenues increased 18 percent, and operating income grew 69 percent to $3.4 million.
    • Cash and short-term investments totaled $69.6 million, compared to $102.6 million at the end of the fiscal 2010.

      Read the full release.

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  • Source: http://www.glassmagazine.com/news-item/commercial/apogee-reports-fiscal-2011-first-quarter-results123Author:

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