Apogee Enterprises Increases Quarterly Dividend by Ten Percent and Increases Share Repurchase Authorization
Apogee’s Ninth Consecutive Year with a Dividend Increase
Adds 2 Million Shares to Existing Share Repurchase Authorization
Apogee’s Board also increased the company’s existing share repurchase authorization by 2 million shares, bringing the total available share repurchase program to approximately 2.6 million shares. The company will continue to evaluate future share repurchases, considering cash flow, debt levels, market conditions, and other capital allocation options.
“Today’s announcement reflects our growing confidence in Apogee’s strategic direction and the Board’s commitment to delivering shareholder value,” said
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. The words “believe,” “expect,” “anticipate,” “intend,” “estimate,” “forecast,” “project,” “should” and similar expressions are intended to identify “forward-looking statements”. These statements reflect Apogee management’s expectations or beliefs as of the date of this release. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. These forward-looking statements are subject to significant risks that could cause actual results to differ materially from the expectations reflected in the forward-looking statements. Such risks and uncertainties include risks associated with the sale of the Statesboro facility, including our ability to timely close the sale transaction, the amount of pre-tax gain on the sale, our resulting financial position and flexibility, and our ability to successfully implement our new enterprise strategy. More information concerning potential factors that could affect future financial results is included in the company’s Annual Report on Form 10-K for the fiscal year ended
Vice President, Investor Relations