for civilized discussion.....APOG
- From: ausound <ausound@xxxxxxxxxxx>
- Date: Mon, 31 Mar 2008 08:41:23 -0000
APOG 9-Apr-08 Earnings announcement
Div & Yield: 0.30 (1.90% )
P/E (ttm): 10.12
PERIOD ENDING ...1-Dec-07.. 1-Sep-07. 2-Jun-07. 3-Mar-07
Retained Earnings 173,969 ...165,131 ..156,058 ..147,248
Total Revenue ....210,975 ...217,673.. 209,885.. 185,300
Sale of Stock ......220 .... 1,607 .. 1,459 .. 4,017 <--decreasing
Net Borrowings.. (3,700)... (19,100)... 8,000 . (20,803) <-------paydown
http://stockcharts.com/charts/gallery.html?apog <--buy the dip at $14?
Short % of Float (as of 26-Feb-08): 9.40%
Qtrly Revenue Growth (yoy): 3.50% <-------ok
Qtrly Earnings Growth (yoy): 11.00% <-------good
Total Debt (mrq): 20.60M <--------2% of revenue....ok
Apogee Enterprises, Inc., through its subsidiaries, engages in the design
and development of glass products, services, and systems. The company
operates in two segments, Architectural Products and Services, and Large-
Scale Optical Technologies. The Architectural Products and Services
segment designs, engineers, fabricates, installs, maintains, and
renovates the walls of glass and windows comprising the outside skin of
commercial and institutional buildings. It provides installation,
maintenance, and renovation services for window and curtain wall systems,
as well as paint and anodizing coating services for metal and plastic
components used in window and curtain wall systems, and other products.
This segment also offers finishing services for the architectural,
industrial, and commercial metal fabricator markets, as well as for
building product manufacturers, and residential and commercial interior
window shutter businesses. It markets its products through a network of
independent distributors and direct sales staff to general contractors,
building owners, architects, and glazing subcontractors in the
nonresidential commercial construction market primarily in North America.
The Large-Scale Optical Technologies segment manufactures glass and
acrylic products for the custom framing market. It also produces optical
thin coatings for consumer electronic displays, such as projection
televisions and computer screens; and produces and sells pre-framed
reproduction art to retail chains, primarily through trade shows. This
segment distributes its products through mass merchandisers and
independent distributors in North America, as well as in Europe,
Australia, and New Zealand. Apogee Enterprises was founded in 1949 and is
headquartered in Minneapolis, Minnesota.
=============
Pane Maker Apogee Spared Housing Pain
http://www.smartmoney.com/stockscreen/index.cfm?story=
20080326intro&afl=yahoo
excerpt:
Buildings account for 39% of all carbon dioxide emissions in the U.S.,
reckons the Energy Information Administration. High energy prices and
environmental pressures have led more companies to shoot for Leadership
in Energy and Environmental Design, or LEED, designation for new building
projects. Administered by the nonprofit U.S. Green Council in Washington,
D.C., the LEED program judges new building plans on elements like site
choice, materials, water and energy efficiency and indoor atmosphere.
Worthy buildings are labeled Certified, Silver, Gold or Platinum, in many
cases qualifying companies for tax incentives, and perhaps good press.
All new federal building projects are expected to meet LEED standards.
Some lawmakers are pushing to extend the mandate to commercial builders.
That bodes well for Apogee. It uses processes like lamination, heat
tempering, electrostatic surface treatment, multilayering and gas
insulation to increase the energy efficiency and shock resistance of
glass, while creating a customized look. Apogee has a dominant market
share in the U.S. Management figures the company is involved with three-
quarters of large-scale building projects. (Apogee also makes frame glass
for pictures, which brings in about 10% of sales.)
The company's stated goal is to turn 8% sales growth into 20% profit
growth each year between now and fiscal 2010. It's on pace for fiscal
2008, which ended March 3 and will be reported April 9.
.
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