Apogee Enterprises Reports a 10.9% Drop in Net Income for Q2 2023
Revenue Declines by 5% in the Second Quarter
By USInMinutes
Published - Sep 19, 2023, 12:57 PM ET
Last Updated - Sep 19, 2023, 12:57 PM EDT
Apogee Enterprises, Inc.(APOG), a leading provider of architec tural glass, framing systems, and services, has released its financial results for the second quarter of 2023. The company reported a 10.9% decrease in net income compared to the same period last year. Additionally, revenue declined by 5.0% during the quarter. Let's delve into the details of Apogee's financial performance and business segments.
Net Income Decline
Apogee's net income for the three months ended August 26, 2023, was $33.3 million, down 10.9% from $37.4 million in the same period in 2022. This decrease reflects the challenges the company faced during the quarter.
Revenue Decline
