2024-04-16 06:43:43 ET
Summary
- Apogee Enterprises' shares have re-tested all-time highs, but sustainable revenue growth is still needed.
- The company operates in the architectural products and services industry, with a focus on framing systems and glass.
- Apogee has shown margin progress and reduced leverage, but more growth signs are needed before getting involved.
- Green shoots could really unleash potential here amidst non-demanding valuations.
Shares of Apogee Enterprises (APOG) have recently re-tested all-time highs around $60 per share again, levels already seen back in 2015. After a few tough years, Apogee still has to deliver on sustainable revenue growth, yet margin progress is undeniably real....
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Apogee Enterprises: Testing The Highs After Margin Progress Comes Through