Apogee Beats on Q3 Earnings, Anticipates Sales Decline in FY25
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Apogee Enterprises, Inc. (APOG) reported better-than-expected Q3 earnings but anticipates a 5% decline in fiscal 2025 net sales due to lower Q4 volumes. This decline is expected to be partially offset by a $30-million boost from the UW Solutions acquisition.
January 07, 2025 | 9:15 pm
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Apogee Enterprises reported strong Q3 earnings but expects a 5% decline in FY25 sales due to lower Q4 volumes, with some offset from the UW Solutions acquisition.
The anticipated 5% decline in FY25 sales is a negative indicator for Apogee's future performance, despite the positive Q3 earnings. The acquisition of UW Solutions provides some offset, but the overall outlook suggests a potential short-term negative impact on stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100