NASDAQ$APOG
Apogee Enterprises Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Reported strong earnings and cash flow despite market challenges.
Apogee Enterprises reported a decrease in revenue by 7% to $314 million, but earnings increased to $1.42 per diluted share. Adjusted earnings grew to $0.90 per diluted share. The company is on track to achieve cost savings of over $40 million in fiscal 2021 and is taking actions to drive additional savings in fiscal 2022.
- Earnings increased to $1.42 per diluted share; adjusted earnings grew to $0.90 per diluted share.
- Revenue declined 7 percent to $314 million, with continued end-market headwinds.
- On-track to achieve cost savings target of over $40 million in fiscal 2021; taking action to drive additional savings in fiscal 2022.
- Strong cash flow, with $35 million of cash from operations in the quarter.
Headline financials
Revenue & EPS history
Apogee Enterprises · Revenue · Quarterly
$314M
Revenue by segment
Apogee Enterprises · $161M total across 2 segments · Q3 2021
- Architectural Glass$84.8M-5.2%52.5%
- Architectural Services$76.7M+11.1%47.5%
Forward guidance
The company is not providing detailed financial guidance due to continued uncertainty driven by the impact of COVID and end-market conditions. The company expects that continued project delays and soft market conditions will negatively impact revenue in the fourth quarter.
Headwinds
- Continued project delays
- Soft market conditions
- COVID-19 impact
- End-market conditions
- Uncertainty in financial guidance
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2021
-0.2%
Avg return
Earnings day
-1.9%
Avg return
5 days after
+0.5%
Avg return
30 days after
49%
32 / 65 earnings
Positive
+15.2%
Q2 2025
Best reaction
-26.2%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2027 | — | — | — | |
| Q4 2026 | +0.3% | +0.1% | +0.6% | |
| Q3 2026 | -14.0% | -6.3% | +12.1% | |
| Q2 2026 | -4.5% | -7.7% | -16.9% | |
| Q1 2026 | -3.1% | -3.6% | +0.3% | |
| Q4 2025 | -12.7% | -12.1% | -15.8% | |
| Q3 2025 | -26.2% | -28.7% | -28.6% | |
| Q2 2025 | +15.2% | +13.8% | +10.8% | |
| Q1 2025 | +6.1% | +3.9% | +15.0% | |
| Q4 2024 | +3.6% | +2.3% | +18.4% | |
| Q3 2024 | +4.4% | +4.5% | +3.3% | |
| Q2 2024 | -1.8% | -3.6% | -13.7% | |
| Q1 2024 | +9.2% | +8.8% | +4.7% | |
| Q4 2023 | -0.2% | +2.8% | -8.7% | |
| Q3 2023 | -2.1% | -1.6% | -1.4% | |
| Q2 2023 | +3.1% | -1.4% | +6.4% | |
| Q1 2023 | +10.9% | +3.9% | +6.4% | |
| Q4 2022 | -6.1% | -4.3% | -8.3% | |
| Q3 2022 | +13.6% | +12.1% | +8.7% | |
| Q2 2022 | -3.4% | -3.7% | +2.0% | |
| Q1 2022 | +4.9% | +5.5% | -0.2% | |
| Q4 2021 | -7.4% | -8.7% | -7.2% | |
| Q3 2021 | +1.1% | +1.7% | +14.5% | |
| Q2 2021 | +8.9% | -2.3% | +23.5% | |
| Q1 2021 | +4.9% | -0.4% | +0.3% | |
| Q4 2020 | -1.6% | -3.8% | +10.9% | |
| Q3 2020 | -20.9% | -19.7% | -14.6% | |
| Q2 2020 | +1.8% | -1.1% | -9.5% | |
| Q1 2020 | +10.3% | +9.4% | +4.4% | |
| Q4 2019 | -4.6% | -1.4% | +2.4% | |
| Q3 2019 | -12.4% | -10.2% | +11.1% | |
| Q2 2019 | -13.4% | -10.8% | -22.1% | |
| Q1 2019 | +11.5% | +10.9% | +13.9% | |
| Q4 2018 | -5.9% | -1.9% | -1.3% | |
| Q3 2018 | -14.0% | -11.6% | -11.6% | |
| Q2 2018 | -1.0% | +3.4% | +2.4% | |
| Q1 2018 | -5.4% | -6.6% | -8.5% | |
| Q4 2017 | -10.1% | -10.6% | -8.1% | |
| Q3 2017 | +1.5% | +4.9% | +17.3% | |
| Q2 2017 | -2.7% | +0.1% | -1.3% | |
| Q1 2017 | +4.6% | -3.0% | +8.1% | |
| Q4 2016 | +4.0% | — | — | |
| Q3 2016 | +0.1% | — | — | |
| Q2 2016 | -3.6% | — | — | |
| Q1 2016 | -2.3% | — | — | |
| Q4 2015 | +11.6% | — | — | |
| Q3 2015 | +3.7% | — | — | |
| Q2 2015 | +10.4% | — | — | |
| Q1 2015 | +9.6% | — | — | |
| Q4 2014 | +1.4% | — | — | |
| Q3 2014 | +5.0% | — | — | |
| Q2 2014 | -0.9% | — | — | |
| Q1 2014 | +4.6% | — | — | |
| Q4 2013 | -11.0% | — | — | |
| Q3 2013 | +5.9% | — | — | |
| Q2 2013 | +13.4% | — | — | |
| Q1 2013 | +4.0% | — | — | |
| Q4 2010 | -1.8% | — | — | |
| Q4 2012 | -5.5% | — | — | |
| Q3 2011 | +0.2% | — | — | |
| Q3 2012 | +11.5% | — | — | |
| Q4 2011 | -3.4% | — | — | |
| Q2 2011 | -3.4% | — | — | |
| Q2 2012 | -0.4% | — | — | |
| Q1 2012 | -2.5% | — | — | |
| Q1 2011 | -3.8% | — | — |
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