Apogee Reports Significant Fiscal 2015 Q2 Sales, Earnings Growth

FY15 SECOND QUARTER VS. PRIOR-YEAR PERIOD

COMMENTARY In our second quarter, we had exceptional revenue, earnings and backlog growth as our architectural markets strengthen and we gain market share, said Joseph F. Puishys, Apogee chief executive officer. All three architectural segments experienced significant growth in revenues and earnings. I am pleased that our architectural business is starting to deliver on its potential, even as we overcome some higher costs to expand our workforce and capacity.

Our backlog, which has grown to its highest level in six years, positions us well for the future most of the work we are currently bidding and booking will be delivered in our fiscal 2016, he said.

To support this rapid and I believe sustainable growth, we are investing in reopening our architectural glass facility in Utah and expanding our architectural finishing capacity, both projects starting in the second half of the current fiscal year, he said. In addition, we are excited that our new architectural coater, a major investment that will provide new product capabilities and improved productivity, went live in August.

FY15 SECOND-QUARTER SEGMENT AND OPERATING RESULTS VS. PRIOR-YEAR PERIOD

Architectural Glass

Architectural Services

Architectural Framing Systems

Large-Scale Optical Technologies

Consolidated Backlog

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Apogee Reports Significant Fiscal 2015 Q2 Sales, Earnings Growth