Apogee Targets Top Line Growth Of Approx. 10% For FY19 - Quick Facts

(RTTNews) - Apogee Enterprises, Inc. (APOG) announced, for fiscal 2019, the company projects adjusted EPS of $3.43 to $3.63; and revenue growth of approximately 10 percent.

Joseph Puishys, Apogee CEO, said: "In fiscal 2019, we anticipate Apogee's top line will grow approximately 10 percent and operating income will increase to a record level. Looking forward to fiscal 2020, we expect Apogee to show further revenue and income expansion. Our positive outlook is supported by external forecasts for continued solid U.S. commercial construction markets and our internal visibility that includes a healthy backlog and pipeline of projects that we're bidding. Apogee's backlog, bidding and pipeline of potential work support growth through fiscal 2020. Although visibility into fiscal 2021 is limited, the company is not seeing any slowdown in commercial construction markets."

The company reported fourth-quarter adjusted EPS of $0.96, up 12 percent from prior-year period. Revenues were $353.5 million, an increase of 13 percent from last year.