Apogee Enterprises Boosts FY22 EPS Outlook - Quick Facts

(RTTNews) - While reporting financial results for the first quarter of fiscal 2022 on Friday, Apogee Enterprises, Inc. (APOG) raised its earnings guidance for the full-year 2022, based on first quarter results. For fiscal 2022, the company now projects earnings in a range of $2.20 to $2.40 per share, up from the previously expected range of $2.10 to $2.35 per share.

This guidance includes $7 to $10 million of expected pre-tax costs related to investments in transformation initiatives.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $2.20 per share for the year. Analysts' estimates typically exclude special items.