After the bell on Wednesday, Apogee Enterprises (APOG) announced its second quarter results, posting an increase in both revenue and earnings from last year’s Q2 figures.
The Minneapolis, MN-based glass company posted a 1% increase in revenues from last year, with this quarter’s figure coming in at $178.3 million. The company also posted a 24% increase in operating income, which was up to $9.4 million. EPS for the quarter came in at 21 cents, a 17% increase from last year’s figure.
Though Apogee was able to post gains across the board, the figures still came in below of analysts’ estimates, which had EPS pegged at 23 cents on revenues of $187 million.
Apogee shares were up 14 cents, or .47%, in Wednesday’s trading. The company’s stock is up more than 19% YTD.The Bottom Line
Shares of Apogee Enterprises (APOG) have a yield of 1.22% based on Wednesday’s closing price of $29.50 and the company’s annualized payout of 36 cents.
Apogee Enterprises (APOG) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.