Why Architectural Services Company Apogee Shares Are Trading Higher Today
Why Architectural Services Company Apogee Shares Are Trading Higher Today
Apogee Enterprises, Inc. (NASDAQ:APOG) reported first-quarter FY25 sales of $331.5 million, missing the consensus estimate of $333.2 million.
Apogee Enterprises, Inc.(纳斯达克：APOG)报告第一季FY25销售额为3.315亿美元，未达成共识预期的3.332亿美元。
Revenue fell 8.3% Y/Y, driven by lower volume. Gross margin improved by 410 basis points Y/Y to 29.8%, primarily driven by a more favorable mix of projects in Architectural Services, favorable material costs, lower insurance-related costs, and productivity gains.
收入同比下降8.3％，主要是由于成交量下降。毛利率同比提高410个基点至29.8％，主要由于建筑服务项目中更有利的优化组合，有利的物料成本，较低的保险成本和生产率提高。
Adjusted operating income rose 25.9% to $42.5 million, with the operating margin improving 350 basis points Y/Y to 12.8%, led by favorable project mix, lower material and insurance costs, productivity gains, and reduced bad debt expense.
调整后的营业利润率比去年同期提高350个基点至12.8％，调整后的营业收入增长了25.9％达4250万美元，主要受有利的项目组合，较低的物料和保险成本，生产率增长和减少的坏账费用的推动。
Adjusted EBITDA for the quarter increased 20.2% Y/Y to $52.6 million with an adjusted EBITDA margin of 15.9%. Adjusted EPS rose 37.1% Y/Y to $1.44, beating the consensus of $1.04.
本季度调整后的EBITDA同比增长20.2％至5260万美元，调整后的EBITDA率为15.9％。调整后的EPS同比增长37.1％至1.44美元，超过共识预期的1.04美元。
During the quarter, the company repurchased $15.1 million of stock. Apogee held $30.4 million in cash and equivalents as of June 1.
本季度，公司回购了1510万美元的股票。截至6月1日，Apogee持有3040万美元的现金及现金等价物。
Outlook: Apogee raised the FY25 adjusted EPS outlook to $4.65-$5.00 from $4.35-$4.75 against the consensus estimate of $4.52. Apogee reiterated a FY25 net sales decline of 4% to 7%.
展望：Apogee将FY25调整后的EPS展望从4.35-4.75美元上调至4.65-5.00美元，超过共识预期的4.52美元。Apogee重申FY25净销售额下降4％至7％。
The company now expects a total of $15 million to $16 million of pre-tax charges in connection with Project Fortify, leading to annualized cost savings of $12 million to $14 million. It continues to expect to achieve 60% of these savings in FY25 and the rest in FY26. Apogee anticipates capital expenditures of $40 million-$50 million in FY25.
该公司现预计Project Fortify将有1500万美元至1600万美元的税前费用，并将实现每年节省1200万至1400万美元的费用。它继续预计在FY25中实现这些节省的60％，其余部分在FY26中实现。Apogee预计FY25的资本支出将为4000万至5000万美元。
Ty R. Silberhorn, Chief Executive Officer, said, "As we look ahead, we continue to expect pressure on volume and pricing through the remainder of the fiscal year, due to softening end markets. We are focused on continuing to deliver results in this environment, while investing to position the Company for long-term growth."
首席执行官Ty R. Silberhorn表示：“展望未来，由于终端市场疲软，我们仍预计在财年剩余的时间里会受到成交量和价格的压力。在这种环境下，我们致力于继续交付结果，同时投资于将公司定位为长期增长。”
Investors can gain exposure to the stock via Pacer US Small Cap Cash Cows Growth Leaders ETF (NASDAQ:CAFG).
投资者可以通过Pacer美国小盘现金奶牛成长领导者ETF (纳斯达克：CAFG)获得该股的认股权。
Price Action: APOG shares are up 9% at $64.58 at the last check Thursday.
最后一次检查时，APOG股价上涨了9％，至64.58美元。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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