Apogee Enterprises (APOG) in the Pivotal Point Check: Why the volume breakout of the building product specialist is just the beginning of the rally!
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Strong quarterly results: The adjusted earnings per share significantly exceed analysts' expectations at $0.57. Efficient cost management: Margin improvements from the restructuring program "Fortify Phase 2” and lower interest expenses offset a minimal decline in revenue. Growth accelerators in sight: The acquisition of the Kalwall Companies is nearing completion and is expected to unlock high-margin niche markets. Apogee Enterprises is a U.S. provider of architectural building products, glass solutions, and high-performance coatings....
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