Apogee: 2Q profit up 33%

US supplier of glass for buildings, cars and other applications, Apogee Enterprises Inc., announced on 20 September 2006 that its second-quarter profit surged 33% on higher sales to the company“s cor…

US supplier of glass for buildings, cars and other applications, Apogee Enterprises Inc., announced on 20 September 2006 that its second-quarter profit surged 33% on higher sales to the company“s core architectural segment. Net income for the quarter ended 2 September 2006 was USD 7.33 million, or 26 cents per share, compared with USD 5.51 million, or 20 cents per share. Sales gained 9% to USD 188.6 million from USD 173.7 million. “The non-residential construction markets we serve remain strong, as seen in our backlog and bidding activity,” said Russell Huffer, Apogee chairman and chief executive. “We are feeling good about the strength the architectural business is bringing to Apogee“s performance this fiscal year.” The company said it continues to expect fiscal 2007 earnings per share between 88 cents and 94 cents.