In its quarterly report for the period ending September 1,2012,Apogee Enterprises reported that net sales from continuing operations for its architectural segment were$156 million,a 4.8-percent increase compared to$149 million for the same period last year.For the six months ending September 1,2012,net sales from continuing operations for the segment were$291 million compared to$284 million for the period last year.The report notes that for both the quarter and six-month periods,"growth in the installation and storefront businesses from expanding our domestic geographic footprint and share gains were partially offset by lower volume in the architectural glass business."
Architectural segment operating income from continuing operations for the three months was$3 million compared to a loss of$5 million for the period last year,and for the six months period,operating income was$1.1 million compared to a loss of$12 million last year.
The report notes that,"due to the varying combinations of individual window systems and curtainwall,the company has determined that it is impractical to report product and service revenues generated by the architectural segment by class of product,beyond the segment revenues currently reported."
In addition,architectural backlog increased to$299.0 million,up approximately 32 percent over the prior-year period,and 26 percent over the fourth quarter of fiscal 2012.
"We expect approximately$166 million of the September 1,2012 backlog to flow during the remainder of fiscal 2013,"states the report.
According to the report,architectural segment backlog represents more than 99 percent of consolidated backlog.
Company-wide,Apogee reported that net sales for the three-month period rose to$175 million compared to the$165 million for the August 27,2011 report;net sales for the six-month period were$330 million compared to$318 million last year.Operating income for the three-month period was$7.5 million compared to a loss of$2.7 million last year.For the six-month period,operating income was$9.9 million compared to a loss of$6 million last year.
Gross profit rose to$36 million in the three-month span from$25 milion last year and to$67 million in the six-month period compared to$49 million last year.
Earnings from continuing operations for the three-month period were$4.8 million compared to a loss of$1.7 million last year and$6.4 million compared to a loss of$3.9 million for the six-month period.
Net earnings were$5 million compared to a loss of$1.7 million for the three months and$6.7 million compared to a loss of$3.9 million for the six-month period.
