Apogee Enterprises, Inc. maintained its guidance for fiscal 2009 for earnings from continuing operations at USD 1.65 to USD 1.82 per share (EPS). The company expects overall fiscal 2009 revenues to in…
Apogee Enterprises, Inc. maintained its guidance for fiscal 2009 for earnings from continuing operations at USD 1.65 to USD 1.82 per share (EPS). The company expects overall fiscal 2009 revenues to increase 6% to 8% (prior guidance was 9% to 12%). The company expects declines in revenues and EPS in the 4Q 2009 compared to the prior year as it experiences the first full quarterly impact of the commercial construction slowdown. The company reported EPS of USD 0.49 and revenue of USD 243.28 million in the 4Q 2008. The company estimates that fiscal 2010 revenues are likely to be down at least 10%.