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.（納斯達克:APOG）股票走高，因公司報告第二季度銷售額達到3.424億美元，超過 consensus 預估的3.353億美元。
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.
由於成交量較低，營業收入下降了3.2%。毛利率同比提高了140個點子，達到28.4%，主要受到更好的定價、 Architectural Services 中有利的項目組合、較低的材料成本和降低的保險費用的影響。
Adjusted operating income increased 6.4% Y/Y to $43.1 million, while the operating margin improved by 110 basis points to 12.6%.
調整後的營業利潤同比增加了6.4%，達到4.31億美元，而營業利潤率提高了110個點子，達到12.6%。
Adjusted EBITDA for the quarter increased 3.9% Y/Y to $53.1 million with an adjusted EBITDA margin of 15.5%.
本季度調整後的 EBITDA 同比增加3.9%，達到5.31億美元，調整後的 EBITDA 毛利率爲15.5%。
Adjusted EPS rose 5.9% Y/Y to $1.44, beating the consensus of $1.23.
調整後的每股收益同比上漲了5.9%，達到1.44美元，超過 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5100萬現金及現金等價物。
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：董事會宣佈每股支付0.25美元的季度現金股息，將於11月6日支付給截至10月22日持股的股東。
Year-to-date, the company has returned $25.9 million to shareholders through share repurchases and dividend payments.
截至目前，公司通過股份回購和股息支付向股東返還了2590萬美元。
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將FY25調整後的每股收益展望上調至$4.90 - $5.20（相較於$4.82的共識） ，之前爲$4.65 - $5.00。
Apogee reiterated its outlook for FY25 net sales decline of 4% to 7%.
Apogee重申了其FY25淨銷售額下降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.
該公司仍預計與Project Fortify有關的稅前費用將達到$1500萬至$1600萬，從而在今年實現年度成本節約$1300萬至$1400萬。
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.
公司繼續預計在FY25年實現這些節省的60%，其餘部分在FY26年實現。Apogee預計FY25年的資本支出爲$4000萬至$5000萬。
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."
首席執行官Ty R. Silberhorn表示：「我們在業務上已建立的勢頭，再加上最近宣佈收購UW Solutions，使我們在前進中繼續取得成功。」
Investors can gain exposure to the stock via ProShares Russell 2000 Dividend Growers ETF (BATS:SMDV).
投資者可以通過ProShares Russell 2000 Dividend Growers ETF（BATS:SMDV）來獲得該股票的曝光。
Price Action: APOG shares are up 9.601% at $75.00 premarket at the last check Friday.
股價走勢：APOG股票在上週五的最後一次交易中上漲了9.601%，報價爲$75.00。
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譯文內容由第三人軟體翻譯。