Apogee Enterprises 4Q earnings rose sharply

April 9, 2015 at 2:53AM

Apogee Enterprises Inc., a maker of commercial glass and glass technologies, saw its performance increase as more commercial construction projects sprouted with a recovering economy.

Revenue for its fiscal fourth quarter ended Feb. 28 was $246.7 million, the company reported after the market closed on Wednesday. That's up 15 percent from $214.4 million a year ago.

Net earnings were $13.9 million, or 47 cents a share, up from $8 million, or 27 cents a share, a year ago.

For the year, the company reported earnings of $50.5 million, or $1.72 per share, on revenue of $933.9 million.

The Minneapolis-based company said it expects continued growth. It forecast earnings of $2.05 to $2.20 a share for its new fiscal year, with sales growing 10 to 15 percent.

Catherine Roberts

about the writer

about the writer

Catherine Roberts

Senior business editor

As senior business editor, Catherine Roberts oversees business special projects as well as the accountability, retail, public company, workplace and energy beats.

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