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Apogee Enterprises Forecasts Topline Decline In FY25 Amid Strategic Actions: Details

Apogee Enterprises Inc (NASDAQ:APOG) reported fourth-quarter FY24 sales growth of 5.2% year-on-year to $361.84 million, beating the analyst consensus estimate of $337.83 million. Gross profit increased 13.3% to $88.5 million, and gross margin improved by 170 bps to 24.4%, primarily driven by higher pricing, improved product mix, and the impact of cost saving initiatives. The operating income for ...