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.(納斯達克：APOG)報告第一季FY25銷售額爲3.315億美元，未達成共識預期的3.332億美元。
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％，主要是由於成交量下降。毛利率同比提高410個點子至29.8％，主要由於建築服務項目中更有利的優化組合，有利的物料成本，較低的保險成本和生產率提高。
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.
調整後的營業利潤率比去年同期提高350個點子至12.8％，調整後的營業收入增長了25.9％達4250萬美元，主要受有利的項目組合，較低的物料和保險成本，生產率增長和減少的壞賬費用的推動。
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.
本季度調整後的EBITDA同比增長20.2％至5260萬美元，調整後的EBITDA率爲15.9％。調整後的EPS同比增長37.1％至1.44美元，超過共識預期的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，公司回購了1510萬美元的股票。截至6月1日，Apogee持有3040萬美元的現金及現金等價物。
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將FY25調整後的EPS展望從4.35-4.75美元上調至4.65-5.00美元，超過共識預期的4.52美元。Apogee重申FY25淨銷售額下降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.
該公司現預計Project Fortify將有1500萬美元至1600萬美元的稅前費用，並將實現每年節省1200萬至1400萬美元的費用。它繼續預計在FY25中實現這些節省的60％，其餘部分在FY26中實現。Apogee預計FY25的資本支出將爲4000萬至5000萬美元。
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."
首席執行官Ty R. Silberhorn表示：“展望未來，由於終端市場疲軟，我們仍預計在財年剩餘的時間裏會受到成交量和價格的壓力。在這種環境下，我們致力於繼續交付結果，同時投資於將公司定位爲長期增長。”
Investors can gain exposure to the stock via Pacer US Small Cap Cash Cows Growth Leaders ETF (NASDAQ:CAFG).
投資者可以通過Pacer美國小盤現金奶牛成長領導者ETF (納斯達克：CAFG)獲得該股的認股權。
Price Action: APOG shares are up 9% at $64.58 at the last check Thursday.
最後一次檢查時，APOG股價上漲了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.
免責聲明：本文部分內容使用了Benzinga Neuro的幫助。此內容是通過AI工具部分製作的，並由Benzinga編輯進行了審查和發佈。
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譯文內容由第三人軟體翻譯。