Apogee Enterprises

Apogee, headquartered in Minneapolis, MN, provides distinctive value-added glass solutions for enclosing commercial buildings and framing art. Our companies engineer, fabricate, install and repair the walls of glass and windows that enclose buildings and often provide energy efficiency, hurricane protection or blast protection. For picture framing, our glass reduces reflectivity and fading from sunlight. Our Company: Apogee transforms plain glass to create distinctive solutions for architects, building owners, contractors, picture framers and others. Our glass and aluminum window, storefront and curtainwall systems make commercial buildings look great, reduce energy consumption and protect against hurricanes and blasts. Apogee's glass also reduces fading and reflection for picture framing customers. We combine the expertise of our people to engineer glass and metal building façades, complete massive orders for skyscrapers on time, and manage complex window, curtainwall and storefront installation projects. We also provide glass that makes framed art and pictures look better, while helping framers improve profitability. Leaders in our markets, Apogee leverages the strengths of our products and people to deliver distinctive solutions.
Company Growth (employees)
Type
Public
HQ
Bloomington, US
Founded
1949
Size (employees)
4,614 (est)-3%
Website
apog.com
Apogee Enterprises was founded in 1949 and is headquartered in Bloomington, US

Apogee Enterprises Office Locations

Apogee Enterprises has an office in Bloomington
Bloomington, US (HQ)
520 4400 W 78th St

Apogee Enterprises Data and Metrics

Apogee Enterprises Financial Metrics

Apogee Enterprises's revenue was reported to be $272.3 m in Q1, 2017
USD

Revenue (Q1, 2017)

272.3 m

Gross profit (Q1, 2017)

70.3 m

Gross profit margin (Q1, 2017), %

26%

Net income (Q1, 2017)

16.1 m

EBIT (Q1, 2017)

24.1 m

Market capitalization (25-Jul-2017)

1.5 b

Cash (03-Jun-2017)

23 m
Apogee Enterprises's current market capitalization is $1.5 b.
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

771.4 m72.7 m79.5 m1.1 b

Revenue growth, %

(91%)9%1302%

Cost of goods sold

737.6 m822.5 m

Gross profit

165.3 m208.5 m(658.1 m)292 m

Gross profit Margin, %

21%287%(828%)26%

General and administrative expense

169.8 m

Operating expense total

169.8 m

EBIT

40.3 m63.6 m97.4 m122.2 m

EBIT margin, %

5%87%122%11%

Interest expense

593 k971 k

Interest income

981 k1 m

Pre tax profit

97.3 m122.8 m

Income tax expense

32 m37 m

Net Income

28 m50.5 m65.3 m85.8 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

240 m240.8 m238.3 m247.9 m278.5 m274.1 m272.3 m

Cost of goods sold

184.4 m184.1 m175.9 m183.5 m205.9 m201.2 m202 m

Gross profit

55.6 m56.7 m62.4 m64.4 m72.5 m72.9 m70.3 m

Gross profit Margin, %

23%24%26%26%26%27%26%

General and administrative expense

37.4 m34.3 m34.6 m38.2 m39.5 m39.6 m46.2 m

Operating expense total

37.4 m34.3 m34.6 m38.2 m39.5 m39.6 m46.2 m

EBIT

18.2 m22.4 m27.9 m26.2 m33 m33.3 m24.1 m

EBIT margin, %

8%9%12%11%12%12%9%

Interest expense

167 k150 k159 k157 k188 k150 k444 k

Interest income

237 k267 k258 k275 k252 k271 k167 k

Pre tax profit

18.3 m22.4 m27.9 m26.6 m33.4 m33.2 m24 m

Income tax expense

6.2 m7.7 m9.4 m8.9 m11 m10.7 m7.9 m

Net Income

22.9 m36.6 m12.1 m26.9 m45.4 m17.7 m40.1 m62.7 m16.1 m
USDY, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015Y, 2016FY, 2017

Cash

46.9 m24.3 m54 m37.8 m28.5 m52.2 m60.5 m19.5 m

Inventories

48 m61.4 m63.4 m73.4 m

Current Assets

242.8 m299 m336.8 m297.5 m

PP&E

193.9 m193.5 m202.5 m246.7 m

Goodwill

78 m75.9 m74 m101.3 m

Total Assets

565.4 m612.1 m657.4 m784.7 m

Accounts Payable

47.2 m56.5 m64.8 m63.2 m

Total Debt

65.4 m

Current Liabilities

136.8 m149 m177.4 m186.1 m

Additional Paid-in Capital

130.6 m138.6 m145.5 m150.1 m

Retained Earnings

225.4 m256.5 m282.5 m342 m

Total Equity

406.2 m470.6 m

Debt to Equity Ratio

0.1 x

Debt to Assets Ratio

0.1 x

Financial Leverage

1.6 x1.7 x
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

28.2 m36.2 m30.7 m37 m47 m51.6 m23 m

Inventories

62.5 m59.7 m64 m69.5 m68.7 m73.2 m81.1 m

Current Assets

297.7 m311 m328.5 m331.8 m358.6 m365.5 m297.3 m

PP&E

192.4 m196.7 m194.1 m214.5 m218.3 m229.6 m251 m

Goodwill

75.6 m74.7 m74.1 m74.7 m74.9 m74.3 m95.2 m

Total Assets

607.9 m621.3 m640.5 m667.7 m701.6 m717.2 m779.6 m

Accounts Payable

52.8 m54.1 m59.7 m60.1 m61.3 m65.1 m63.7 m

Current Liabilities

136 m141.6 m159.1 m170.1 m177.5 m188.4 m167.3 m

Additional Paid-in Capital

144.2 m146.7 m146.7 m147 m150 m148.4 m152.1 m

Retained Earnings

262.3 m272.8 m281.3 m295.5 m313.4 m323.1 m351.9 m

Total Equity

390.9 m401.6 m406.1 m423.6 m446.3 m452.2 m481.8 m

Financial Leverage

1.6 x1.5 x1.6 x1.6 x1.6 x1.6 x1.6 x
USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

28 m50.5 m65.3 m85.8 m

Depreciation and Amortization

26.6 m29.4 m31.2 m35.6 m

Inventories

(6.1 m)(8.7 m)(2.8 m)(6.4 m)

Accounts Payable

18.3 m12.9 m17.3 m17.4 m

Cash From Operating Activities

52.9 m68.6 m124 m124 m

Capital Expenditures

(41.9 m)(27.2 m)(42 m)(68.1 m)

Cash From Investing Activities

(44 m)(24.5 m)(77.9 m)(183.8 m)

Dividends Paid

(10.8 m)(12.1 m)(13.2 m)(14.7 m)

Cash From Financing Activities

(17.6 m)(19.8 m)(36.4 m)18.7 m

Free Cash Flow

94.8 m95.8 m166 m55.9 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

22.9 m36.6 m12.1 m26.9 m45.4 m17.7 m40.1 m62.7 m16.1 m

Depreciation and Amortization

13.7 m21.6 m7.7 m15.5 m23.3 m7.7 m16 m24.3 m11.4 m

Inventories

(3.1 m)(7.3 m)(1.2 m)1.3 m(3.4 m)(5.9 m)(4.9 m)(9.6 m)(7.7 m)

Accounts Payable

(10.1 m)3 m(18.1 m)(12.7 m)1.3 m(21.3 m)(7.5 m)1.9 m(30.7 m)

Cash From Operating Activities

16.6 m37.1 m20.9 m62.1 m86.2 m(858 k)41.2 m70.5 m5.9 m

Capital Expenditures

(13.3 m)(18.7 m)(8.8 m)(19.4 m)(26.8 m)(17.7 m)(31.5 m)(44.5 m)(11.4 m)

Cash From Investing Activities

(7.2 m)(16.3 m)(43.7 m)(73.5 m)(91.4 m)(20.3 m)(49.3 m)(59.2 m)(2.9 m)

Dividends Paid

(6 m)(8.9 m)(3.2 m)(6.4 m)(9.6 m)(3.6 m)(7.1 m)(10.7 m)(4 m)

Cash From Financing Activities

(13.7 m)(15 m)(435 k)(3.9 m)(14.8 m)(2.5 m)(5.8 m)(20.5 m)402 k

Free Cash Flow

3.4 m18.4 m12.1 m42.7 m59.4 m(18.6 m)9.7 m25.9 m(5.5 m)
Y, 2017

Financial Leverage

1.6 x

Apogee Enterprises Market Value History

Apogee Enterprises Online and Social Media Presence

Apogee Enterprises Company Life and Culture

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