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Apogee Enterprises Guides FY20 Adj. EPS Below View - Quick Facts

While reporting financial results for the fourth quarter of Fiscal 2019 on Thursday, Apogee Enterprises, Inc. (APOG) initiated earnings and revenue growth guidance for the full-year 2020.

For fiscal 2020, the company now projects adjusted earnings in a range of $3.00 to $3.20 per share, which excludes the possible benefit of any potential expense recovery associated with the EFCO-related charges the company recorded in the current quarter.

The company also currently expects full-year revenues to grow 1 to 3 percent, with growth in three of the company's segments, partially offset by a decline in Architectural Services due to the execution schedules for projects already in backlog.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $3.38 per share on revenue growth of 2.2 percent to $1.44 billion for the year. Analysts' estimates typically exclude special items.

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