Apogee reports fiscal 2011 first-quarter results

Apogee Enterprises Inc., Minneapolis, today announced fiscal 2011 first-quarter results, according to a June 22 release. Apogee provides distinctive value-added glass solutions for the architectural and picture framing industries.

FY11 first quarter vs. prior year period

• Revenues of $143.0 million were down 21 percent.
• Operating loss was $6.1 million, compared to earnings of $11.7 million.
• Loss from continuing operations was $0.13 per share, versus earnings of $0.27 per share.
• Architectural segment revenues declined 24 percent, with an operating loss of $8.6 million.
  • Backlog ended at $214.9 million, compared to $227.5 million at the end of fiscal 2010 and $310.0 million in the prior-year period.
• Large-scale optical segment revenues increased 18 percent, and operating income grew 69 percent to $3.4 million.
• Cash and short-term investments totaled $69.6 million, compared to $102.6 million at the end of the fiscal 2010.

Read the full release.