FinancialFlash  
Apogee Sales Up in 2017; Architectural  
Glass Unit Shows Greatest Gains  
pogee Enterprises reported its offerings, further penetrating the retrofit the operating margin grew 200 basis  
fiscal 2017 revenues of $1.1 market and executing acquisitions.”  
billion were up 14 percent com- Here’s how the company’s architec- operating income was $4.2 million,  
pared to the prior year, and its fourth tural segments broke down, according down 26 percent.  
quarter revenues increased 20 percent to the announcement:  
points to 6.8 percent, Fourth-quarter  
A
to $314.1 million.  
Architectural Framing  
Systems (Wausau,  
Sotawall, Tubelite,  
Full-yearrevenueswereup9percenton Alumicor and Linetec)  
Full-year revenues were up 25 per-  
For the full year, operating income Architectural Glass  
of $122.2 million was up 25 percent (Viracon)  
compared to the prior-year period, ac-  
cording to the company’s latest finan- strong U.S.growth,especially in the mid-  
cial release. Operating margin was 11 sized project sector, and fourth-quarter cent on expanded geographic pene-  
percent, up 110 basis points vs. the pri- revenues of $112.3 million were up 14 tration and the introduction of new  
or-year period. In the fourth quarter, percent. Full-year operating income was products. Fourth-quarter revenues  
operating income of $29.7 million was up 26 percent and operating margin of $121.8 million were up 53 percent,  
up 3 percent over the prior-year period. grew 140 basis points to 10.8 percent. with volume growth in all four ongo-  
The operating margin was 9.4 percent Fourth-quarter operating income was ing businesses.Growth,excluding reve-  
compared to 11 percent in the pri- $13.8 million,up 14 percent. nues from Sotawall which was acquired  
or-year period.  
Segment backlog was $66.4 million, during the quarter, was 31 percent.  
We once again drove revenue growth compared to $75.9 million in the fiscal  
in all four segments by leveraging new 2017 third quarter.  
geographies, products and markets for  
Full-year operating income was up  
40 percent, and the operating margin  
grew 130 basis points to 11.6 percent.  
Fourth-quarter operating income grew  
to $9.7 million, up 26 percent.  
better than market growth,”said CEO Jo- Architectural Services  
seph F. Puishys in the results announce- (Harmon)  
ment.“…We are delivering on initiatives  
Full-year revenues were up 10 per-  
Segment backlog grew $81 mil-  
to better position Apogee over a cycle, cent. Fourth-quarter revenues of $66.0 lion in the fourth quarter to $245.4  
including growing our share of mid-size million were down 14 percent on the million. The acquisition of Sotawall in  
projects in architectural glass,expanding timing of project activity. Full-year op- the fourth quarter added $69 million to  
our geographic presence and product erating income was up 58 percent and the framing systems backlog. n  
Apogee Business Segments Information  
(Unaudited) In Thousands  
1
ended  
4 wks.  
13 wks.  
Ended  
53 wks.  
Ended  
52 wks.  
Ended  
3/4/17  
2/27/16  
Change  
4/4/17  
2/27/16  
Change  
Sales  
Architectural Glass  
$112,314  
121,767  
66,003  
$98,644  
79,603  
76,842  
14%  
53%  
$411,881  
385,978  
270,937  
$377,713  
308,593  
245,935  
9%  
Architectural Framing Systems  
Architectural Services  
25%  
10%  
(14)%  
Operating income (loss)  
Architectural Glass  
$13,801  
9,698  
$12,099  
7,714  
14%  
26%  
$44,656  
44,768  
18,494  
$35,504  
31,911  
11,687  
26%  
40%  
58%  
Architectural Framing Systems  
Architectural Services  
4,158  
5,624  
(26)%  
30  
USGlass, Metal & Glazing | June 2017  
www.usglassmag.com  

USGlass
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