Architectural Services Company Apogee Smashes Q2 Expectations, Hikes FY25 EPS Outlook Despite Revenue Dip
Architectural Services Company Apogee Smashes Q2 Expectations, Hikes FY25 EPS Outlook Despite Revenue Dip
Adjusted EBITDA for the quarter increased 3.9% Y/Y to $53.1 million with an adjusted EBITDA margin of 15.5%.Apogee Enterprises, Inc. (NASDAQ:APOG) shares are trading higher after the company reported second-quarter sales of $342.4 million, beating the consensus estimate of $335.3 million.
Apogee Enterprises，Inc.（纳斯达克:APOG）股票走高，因公司报告第二季度销售额达到3.424亿美元，超过 consensus 预估的3.353亿美元。
Revenue fell 3.2% due to lower volume. Gross margin improved by 140 basis points Y/Y to 28.4%, led by better pricing, a favorable project mix in Architectural Services, lower material costs, and reduced insurance expenses.
由于成交量较低，营业收入下降了3.2%。毛利率同比提高了140个基点，达到28.4%，主要受到更好的定价、 Architectural Services 中有利的项目组合、较低的材料成本和降低的保险费用的影响。
Adjusted operating income increased 6.4% Y/Y to $43.1 million, while the operating margin improved by 110 basis points to 12.6%.
调整后的营业利润同比增加了6.4%，达到4.31亿美元，而营业利润率提高了110个基点，达到12.6%。
Adjusted EBITDA for the quarter increased 3.9% Y/Y to $53.1 million with an adjusted EBITDA margin of 15.5%.
本季度调整后的 EBITDA 同比增加3.9%，达到5.31亿美元，调整后的 EBITDA 毛利率为15.5%。
Adjusted EPS rose 5.9% Y/Y to $1.44, beating the consensus of $1.23.
调整后的每股收益同比上涨了5.9%，达到1.44美元，超过 consensus 的1.23美元。
Apogee held $51.0 million in cash and cash equivalents as of August 31.
Apogee 截至8月31日持有5100万现金及现金等价物。
Dividend: The Board of Directors declared a quarterly cash dividend of $0.25 per share, payable on November 6 to shareholders of record as of October 22.
股息：董事会宣布每股支付0.25美元的季度现金股息，将于11月6日支付给截至10月22日持股的股东。
Year-to-date, the company has returned $25.9 million to shareholders through share repurchases and dividend payments.
截至目前，公司通过股份回购和股息支付向股东返还了2590万美元。
Outlook: Apogee raised the FY25 adjusted EPS outlook to $4.90 – $5.20 (vs. consensus of $4.82) from $4.65 – $5.00 earlier.
展望：Apogee将FY25调整后的每股收益展望上调至$4.90 - $5.20（相较于$4.82的共识） ，之前为$4.65 - $5.00。
Apogee reiterated its outlook for FY25 net sales decline of 4% to 7%.
Apogee重申了其FY25净销售额下降4%至7%的展望。
The company continues to expect a total of $15 million to $16 million of pre-tax charges in connection with Project Fortify, leading to annualized cost savings of $13 million to $14 million in the year.
该公司仍预计与Project Fortify有关的税前费用将达到$1500万至$1600万，从而在今年实现年度成本节约$1300万至$1400万。
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.
公司继续预计在FY25年实现这些节省的60%，其余部分在FY26年实现。Apogee预计FY25年的资本支出为$4000万至$5000万。
Ty R. Silberhorn, Chief Executive Officer, said, "The momentum we've established in the business, combined with the recently announced acquisition of UW Solutions, position us for continued success as we move forward."
首席执行官Ty R. Silberhorn表示：“我们在业务上已建立的势头，再加上最近宣布收购UW Solutions，使我们在前进中继续取得成功。”
Investors can gain exposure to the stock via ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV).
投资者可以通过ProShares Russell 2000 Dividend Growers ETF（BATS:SMDV）来获得该股票的曝光。
Price Action: APOG shares are up 9.601% at $75.00 premarket at the last check Friday.
股价走势：APOG股票在上周五的最后一次交易中上涨了9.601%，报价为$75.00。
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