Apogee Enterprises, Inc. (APOG) reported that its third-quarter net earnings increased to $8.05 million or $0.28 per share, from $5.54 million or $0.20 per share in the same quarter last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.23 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales for the quarter rose to $190.42 million from $174.85 million in the prior year quarter. Three analysts had consensus revenue estimate of $182.45 million for the quarter.
The company raised its fiscal 2013 earnings from continuing operations outlook to a range of $0.62 to $0.67 per share, from the prior outlook of $0.56 to $0.64 per share, as it benefits from improving margins resulting from better mix and good operational performance.
The company expects revenues for the full year will grow 5 to 6 percent as it continues to outperform its end markets.
For the full year, the company expect positive free cash flow, net of spending approximately $30 million of capital for investments to improve productivity, increase capacity and introduce new products, as well as for maintenance requirements.
Analysts expect the company to report earnings of $0.65 per share on revenues of $687.02 million for fiscal 2013.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.