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BRIEF-Apogee Enterprises sees FY 2018 EPS of $3.05 to $3.25
August 23, 2017 / 11:01 AM / in 3 months

BRIEF-Apogee Enterprises sees FY 2018 EPS of $3.05 to $3.25

Aug 23 (Reuters) - Apogee Enterprises Inc:

* Apogee updates FY18 outlook for EFCO acquisition impact

* Apogee Enterprises sees FY 2018 operating margin 10.0 to 10.5 percent

* Sees FY 2018 earnings per share $3.05 to $3.25

* Sees FY 2018 adjusted earnings per share $3.40 to $3.60

* Fiscal 2018 revenues for EFCO are now expected to be approximately $200 million, compared to previous outlook of $200 to $220 million​

* Sees ‍FY 2018 revenue growth of 24 to 26 percent​

* ‍EFCO revenues and margins in FY to be slightly lower than initially anticipated due to revised cost estimates​

* Longer-Term outlook related to European competition on larger projects is brightening with strengthening of Euro

* FY2018 earnings per share view $3.38, revenue view $1.42 billion -- Thomson Reuters I/B/E/S

* ‍For fiscal 2019 we expect double-digit revenue growth and triple-digit operating margin improvement​

* In three years, we expect to improve EFCO operating margins to double-digits and to achieve annual synergies of $10 to $15 million​ Source text for Eikon: Further company coverage:

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