Apogee Enterprises, Inc. (NASDAQ: APOG) Chairman and Chief Executive
Officer Russell Huffer will preside over the
Nasdaq Stock Market opening
bell ceremony Wednesday, May 7 to celebrate the company’s
25-year listing anniversary on NASDAQ and to recognize that Apogee has
achieved two consecutive years of record earnings. Apogee provides
distinctive value-added glass solutions for the architectural and
picture framing industries.
"We are honored to have the opportunity to
participate in the opening bell ceremony, at the NASDAQ MarketSite,
located at 4 Times Square,” said Russell
Huffer, Apogee chairman and chief executive officer. "4
Times Square, as well as countless other buildings in New York City and
across the nation, are benefiting from energy-efficient architectural
glass fabricated by Apogee.
"The growing green building trend is
contributing to Apogee’s strong performance,
despite concerns about a slowdown in the commercial construction
industry,” said Huffer. "We
have the wide variety of aesthetic architectural glass products
architects want, with the best energy-efficiency properties available in
our markets, making buildings with our glass more valuable.”
Apogee achieved record earnings of $1.49 per share in fiscal 2008 and
expects to earn from $1.82 to $1.94 per share on revenue growth of 12 to
15 percent in fiscal 2009, which started in March.
"Our architectural segment, approximately 90
percent of our revenues, has been operating well in markets that are
using more and more value-added design and energy-efficient products,”
said Huffer. "We are positioned for continued
strong growth for our architectural segment in fiscal 2009. We started
the new fiscal year with our highest architectural backlog ever –
$510.9 million. We have strong visibility for fiscal 2009 and into
fiscal 2010 due to our backlog, project commitments, strong bidding
activity, and the construction levels and green building trends in
markets we serve.”
A live webcast of the NASDAQ opening bell ceremony, which will include
remarks from Huffer, will be available at approximately 8:20 a.m.
central time at: http://www.nasdaq.com/about/marketsitetowervideo.asx
Apogee Enterprises, Inc., headquartered in Minneapolis, is a leader in
technologies involving the design and development of value-added glass
products and services. The company is organized in two segments:
Architectural products and services companies design, engineer,
fabricate, install, maintain and renovate the walls of glass and
windows, and storefronts and entrances comprising the outside skin of
commercial and institutional buildings.
Large-scale optical segment consists of a value-added glass and
acrylic manufacturer for the custom framing market and commercial
optics.
