APOG - Earnings call transcript Q2 2023 | Apogee Enterprises, Inc.

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Operator

Good day and thank you for standing by. Welcome to the Apogee Enterprises Fiscal 2023 Second Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today’s conference is being recorded. to Jeff conference Huebschen. like speaker to now today, for would turn over the your I Please ahead, go sir.

Jeff Huebschen

Apogee's With Relations Ty Thank accompany slides you, and like XXXX available call. to Fiscal are to Mark today's Apogee today section Lisa. Good Financial the website. that in morning, remarks. second and Augdahl, Interim remind quarter These Officer. Executive everyone Apogee's to Chief Silberhorn, welcome of Chief Enterprises me Investor Officer; are I'd earnings are there

During nearest call, certain the financial are this deck will we non-GAAP and in slide measures. reference measures these we reconciliation Definitions morning. issued earnings provided GAAP of release and to this the measures

have from results statements. factors this filings. release move the everyone I'll a on year earnings the that may in information -- our can press reflect found More available our been Apogee's in over materially. the call differ framing information. that, prior you, Actual like about to segments As will I'd for results of be forward-looking included remind Pro are expectations reflect could slide reflecting and to into currently financial management's today's business And results the results turn affect with and Framing SEC that based call These deck. forma segment also I'll contain Ty. Systems services. Sotawall Architectural our reminder, in recast change and Services call Architectural to

Ty Silberhorn

to revenue into they've per our this This reaching another Execution Mark commentary I'll our date. driving been record since I'm and take ready rest for our to of the team After It's and Thank records. be with and strategy. morning, improved over end the we your strategy clearly on I'll year. turn to our of you, our Then the everyone, Apogee. This about provide details our to of new and this the for quarter, quarter how markets questions. our insights quarter drove proud share our Jeff, strong year began strategy offer outlook it quarter results execute us earnings and progress guidance. execution on quarterly joining we'll a both some was delivered thanks, new review incredibly for for is that, today. results more enterprise now

Framing X As our presentation. and Last Page a a align take is we three to announced structure. go-to-market to performance. our We margin on efforts year, the began of approach reminder, shown each address portfolio, were These our to restructuring opportunity cost framework primarily strategic segments our actions and of the to pillars. simplify today's focused Glass, bring clarity the their more improve improve to with on systems most and

operating of new We the also program. and model. This is Continuous re-launched foundation Improvement our Lean our

we segment, Our to was initial and it in emphasis parts business. Glass other are expanding the of the

these of win Our days in an production day. hour, on is the the with early the shift, win focus the win floor approach

plans to which year course results. segment's and control over a is baseline especially start tremendous made work Our short-cycle support drive is the near-term progress improvement to evident using the the goal corrections to over improvements then drive again. efforts Glass feedback new in past and repeatable We all make We've build to results.

resources, launched operations more center-led procurement building strengthen also which more also enable capabilities future support expertise greater scalability, efficient finance. systems. to functional We work. important We're will several will and M&A processes with This core initiatives and and human in

in growth presentation. year, coming the quarter efforts in strengthens The future with last record share our XXX across QX XX% in for operating margin programs. the to talent quarter. and key from basis quarters. performance compared the are in points per results in our are brought energy shown further X content a roles added we per organization and this and new adjusted more The development to our Page doubled and highlights on had earnings our Finally, have Adjusted at talent of We than increased revenue evident $X.XX record foundation share.

into our around to quarters, done addition supply the stronger minimize to In a impact the over across of approach and of cost we and us customers us. year our disruptions. in the reach have muscle We've to chain We've still of managing inflation and ahead Day, confident ahead operational more on progress work new path management. but we're worked our improved Company. our through the our Investor to pricing. We job proud goals past team strategy, are our set strategy, has at And strengthened inflation several suppliers of with progress terrific demonstrating than the our the financial a discipline we've we our cost ever

to economic an and further of with We goal the support productivity our meaningful what the price, are for being controlling management leader. can cost shifts in we control while years stage coming set

Now past markets as we've few end for of the top mind state you. our investors of spoken the months, many with of over is

an I are on to provide we would update what So like seeing.

for rising economic The conditions Billing Of understand Index course, construction however, this months. has for At rates they and end we're remain positive point, markets. our to favorable. consecutive most how closely demand XX in overall interest non-residential monitoring might Architectural indicators been inflation, impact

bills in business. non-residential are projects. growth new our for been and every industry our strong, strong passed what has construction provide This building is continued and have These forecast that of suggest and for calendar spending. the calls construction pipeline starts through several that federal a for support government significant XXXX industry indicators construction we infrastructure New XXXX. to own calendar Nearly seeing corresponds

this to won in quoting activity. see projects, new continue especially the quarter, and several solid we We In segment. Services bidding

a our Looking at we positive well all the have next data, into year. markets of view

and market. office outperform on market We've space other the projects, non-office backlog strategy that energy-efficient we're won health offerings in these demand And differentiated business we our take product better markets. like of aligning those mix, is new the this infrastructure-related align the will care with resilient our more our in our Over to diversifying of transportation We're more where a of have the importantly, the build focused Across and end to segments premium education. more and and positioning More and most model to offerings our state Company of regardless advantage parts profitability. provide value sustainable changes our expanding customers. time, we're service buildings. for business, for continued business with shifting

their several organic in These more both enable investments Framing have opportunities growth and geographic expansion meaningful Optical, Large-Scale opportunities grow capacity in of and scale We will Services. Systems investments and our include of segment, to the which services businesses. Architectural in revenues diversification

are and pipeline this In addition, approach capabilities. working faster developing to we overall opportunities, acquisitions of deals. our to construction we M&A of in strategy, we're We're deliver to the integration to non-residential future can building on ensure potential stronger synergies we market. With a than confident accelerate we're that that capture growing set strengthen cost a our goal meaningful of our

half. up year. led our year the the me first Let continuing with earnings about comments to has outlook. some the see wrap the guidance second increase into our Generally, of full the trends for This half from us we

how have and stronger pricing, beyond and will we cost execution gains we anticipate in productivity. manage expect sustainable improvements back are But and continued inflation demonstrated this margin impact top we continue from be we We and continued Systems Systems, growth, of Stepping line pricing. operational overall looking Architectural and by year, to and Framing around led costs biggest year-over-year primarily Glass. business. driving the management Framing variables The our

X Page scratch our only will Our in the the have listed surface to our progress enable improvements priorities Making program. these not years. We're in for of the and on productivity in year growth this in and are presentation. profitable beginning from Lean changed areas future

fiscal we driver We are turn which for we're the we 'XX mix on With across our to for initiatives. 'XX. I'm our to will on further fiscal more talent exceed goals and have or and call a develop be let financial over and the products We're transformation Company, Mark will the of confident investing services, that work, quarter guidance. driving progress this details Through the me set achieve in increasing and our ourselves. that, increasingly differentiated

Mark Augdahl

morning, positive be morning. for strong you and quarter with joining This another this you, momentum everyone. to in continued our good I'm happy Thank business. Apogee was Ty,

our Let me X provide some of details, presentation. Page starting with results consolidated on

X%. $XX revenue Systems grew XX% inflation. by led $XXX to that third balance. quarter margin X.X% a Architectural Interest the and primarily Operating of due greater also this with margins productivity to gains to more than adjusted XXX our driven consecutive pricing million. grew increased Second offset by Framing higher higher Optical million This was Operating improved notably, both X.X% basis debt this increased $XXX,XXX, points operating margin by than was record growth income than a adjusted Large-Scale last in by primarily X%. year. quarter expense and And Services. and double-digit was

GAAP the items. in discrete our slightly Our due was a the quarter have a EPS lower line long-term Absent on rate stock of rate deduction and for would $XX.X several XX.X%. income tax worthless earnings tax deduction, been million this This to tax our included XX.X% loss. than

record down adjusted Finally, for adjusted XX.X This $X.XX Apogee. past diluted share year. double year's share. our was earnings count to it to last a all XX.X over million, and grew share ago repurchases a together, from due our Putting million the new earnings diluted per year was

last benefit to on driven Operating average was profits due at This that $X.X pricing income Nonetheless, of were grew is driven to by strong segment million Revenue improved pricing but to the offset last Starting $X actions the lower with of about of Framing Framing compared continued as an our target inflation. the quarter. quarter, quarter, first offset a Last in timing quarter Architectural The This the into move quarter, had was improved margin benefits Let's flows. benefited inventory XX.X%. XX%. the by and by adjusted pricing near double from X. volatility increased restructuring. in Systems our quarter. million Slide top said came $X another Framing X% on XX%. amount mix That [indiscernible] to aluminum in at Second much taken of range this margin for year's inflation, to margins and end aluminum results cost of exceptionally income million Systems, year's second to nearly operating we Framing primarily

the Operating to to X.X%. Architectural as at volume margins by segment. projects we grew in our higher came XX% Turning executed million. This was $XXX Revenues driven Services in backlog.

change improvement for Sotawall time, and our As enable primarily will from scale sequential the future combined year-over-year segment was margins we're quarter, this overall nice expected, of below but me, -- integration this the last over The drive year's to was to due the Also, profitability growth making in a services. transition and quarter. second first investments to continued operational -- improvements excuse expect overall market operations. in stronger suppress X.X% we

wins a million. Looking at to Services Backlog quarter. We awards, had notable and transportation several backlog, orders health project segments. had $XXX care including XX% in new strong and increased

is the Our of activity sales healthy we're pipeline strong, optimistic remains us. opportunities ahead quoting about and

backlog a As of typically and small a are orders. reminder, number services, orders large

announced significantly our Like benefited lower revenue our year. the than past trend backlog to Margins improved reaching and completed X.X%. next. strategic Architectural So in margin inflation, impressive gains Velocity to the one Lean now to we away sales. [indiscernible] Adjusted the This sequentially last we have year. to Operating program continued In its compared savings of some team that make from from our operating business the few higher, quarter more vary closure and quarters, amount down offset can shift. restructuring productivity margins progress from pricing quarter each the cost new was from strategy. in the from margin since shift the prior reflects Glass, strategic continued

XX deliver to was steady volume driven margin continues year points and higher Revenue ago. gains. X%, up from the grew a basis LSO Finally, by operating primarily performance XX.X%,

from to quarter, of the flow Page to rebounding and turn due cash from In margins Let's to Year-to-date, capital. balance year's cash $XX the our primarily nicely first inflation the working we flow X. below capital sheet million, This [indiscernible] on had second negative the cash support impact on remains the increased of flow our level. growth and last and quarter. is working positive

half. first We the also had in higher-than-normal tax payment

We further put up we rest will million, our improve to evaluate we to expect as through cash year expect ramp now high-return full $X in the the will capital work on Year-to-date year be business. projects to was as move CapEx approximately flow to spend the opportunities and $XX capital this million. continue of We year. invest

the reduced During by quarter, debt $XX we net million.

our revolver extended This primary out to XXXX, our costs. quarter. and lowered the refinanced facility borrowing capacity during also the We credit increased maturity our

raising results by our growth Based share. a on earnings is year-to-date XX% outlook, Let on a and that confidence me per range our XX. midpoint, to year the which Page we adjusted our discussing are year's $X.XX of wrap up increased outlook, $X.XX to over in EPS. last found guidance is full At

growth. similar For Systems, Framing due the XX% to half. of the to revenue year, this normally second has that This reminder, revenue as segments, three other expect seasonality, framing fourth and the we same continue we will and anticipate a quarter primarily In that revenue year. driven expect by X% half the be be to trend in to lower we first to

and in We expect primarily to Glass. expansion year-over-year Framing Systems margin drive continued

that We we've benefit cost will productivity seen. and continue to from reductions the

does volatility particularly expense the challenging that continued second that, approximately We to continue make in expect the quarter, and over tax aluminum it volatility the and to Interest rate to fourth segment. turn glass more business, some we our With third be it This commodities. and XX.X%. long-term quarter to also should remarks. back Framing average concluding similar in Ty the I'll in expect forecast and other of for of

Ty Silberhorn

Mark. Thanks

and this operational chain improving quarter how cost demonstrate through execution sustainable executing price we are results improvements, Our supply We're strategy. navigating productivity our challenges. management to and continue effective

staying do our and continues these strategy. focused job through challenges, execution to serving team customers a our Our driving managing terrific the of on

hope award Our shift accelerate work in years M&A a positioning activity ahead, we stronger which as bidding with well. also also and the mix for us is to

take entire on our know And continue team to our the already I momentum results congratulating of With Apogee ready rest that, we through record by to working close the your quarter. year. me this Let fiscal they're questions. our are

Operator

that question first Moore Please The have C. is go Instructions] Securities. coming of [Operator ahead. I from JCS

C. Moore

sorry. off. got I cut I'm

a the better or function is more of the better-than-expected second perhaps year QX that now the is So guidance three ago? that increase, half looking than of months

Ty Silberhorn

is this Yes. Ty. Chris,

I at a mean, look performance performance. QX, very in you our As that strong was

at our So looking that that our around upside second we kind and in performed, still in think, do half That's year. the you we now for We second of the see and But rest can how has the concerns opportunity the half. math, also half. the guidance in range. economy. questions looking into do I that at the know reflected broader how first of the And factored

well like especially trying in seeing I to we're so, And as our order my opening could in our we see factor comments, although and rate some that just softness, said in bidding activity. that we're not in now that run right

C. Moore

there? XX% Got volume of a -- there growth? it. little look sense. give like That Any makes can you QX. volume in what sense The Was growth any terms growth in

Mark Augdahl

that by it, offset were was we This Chris. our driven volume nice really played cost did pricing it Mark. primarily to across specifically mix inflationary and segments Sure, is nominal We part growth pricing, also see of a the although it mixed that was but seeing.

Ty Silberhorn

see areas see that if volume, at in volume. and -- was expected that that you I did Chris, think the where Yes. wanted it we negative negative look to And we in

looked window And and flattish, then still where last will, get from to Glass a want best you have Velocity we wall some still of said, even lower-margin us still of selling quoting saw unit, a margin, at it of a margins, walking they where if we profitability to that within our we posted types in project we offerings do and is if product standpoint. So that opportunity are offerings negative away that of see different Framing, to in doesn't this And they be significant and and and an had us number improvement and volume were stopped history. in the purposely quarter result business they some revenue. just from

single-digit if as year-to-date rest it's the as even So, across they've seen positive growth. the low volume positive well. When of some the you volume that volume result been look negative has of a business,

C. Moore

No, me. that's for it. one then And last Got interesting.

to that then are backlog, the to there the said, little a so that thoughts it's you're just quick from putting you used projects longer is but just that some I here Framing not lead what Just get services, was now? you before other bit, have. be down may your piece to talk does return, What look would have of you like question was roughly half And move that Framing Sotawall time. ratio trying

Ty Silberhorn

so Well, the first answer terms let me in Framing. that backlog in question of

through by managing something They is some with have building want in primarily and they a solutions. and some a backlog some drop of business, chain So was where out finishing do driven supply conditions. they demand frankly, and Framing storefront that And which shorter the see. as times, that were of saw is we and that seen a well and the to not our of actually lead cycle pushing as continued labor that their backlog

in saw reflective actually The up was to lead of catch that as we push number a times. finishing, So, on starting of news. starting that orders Framing those some good them driven and out that by and their to storefront was drop of we're

Mark Augdahl

give you our windows point about and business to of references walls. be XX% storefront represents then overall Maybe XX% some still of the Chris, AFS and would there,

shorter a have time lead the the business shorter have have So to time didn't greater would backlog. would fact again, a the -- [indiscernible] that lead it

Operator

Hallum. The next is Eric Stine coming question from of Craig

Aaron Spychalla

Eric. Mark, Ty it's on Aaron for and Spychalla

that you're between talk the about the business maybe that First, just how maintain backlog? while there, split update about nice on margins any on profitability trying the right job new And to for how are targets? backlog thinking growth growth Services, on can you the on

Ty Silberhorn

Aaron. question, Yes. It's a really good

Sotawall executing was was is moved project branded backlog that revenue of underperforming we at was right in was -- weak. one and now mostly both There on recognizing of the an That's period. and out pressure what margins. they Sotawall job demand Services. services, business That Harmon backlog, the when are reminder, a the into pandemic work our So bottom very flowing Framing

more competition fewer chasing saw You jobs.

they of into So fiscal some working are trail now that through will in and year. year, this next fiscal that

about, improvement that fully an as we as sequential opportunity And backlog, saw we we in improvement And as we our that we execution talked that, is forward, as business that so that applying of are as to some expect 'XX an into the today, I that look have start to And addition would on will the and Services flows that is to In Services. margin backlog, that system. get strong improvement in particularly Architectural former and improve just address project significantly business. that forward, they work saw strong starts in each by as build we seen too work we bid guide where we underway operating into from we some operational as provide Sotawall that Sotawall 'XX demand, and fiscal margin, early well. we're as to that in building that, seeing Architectural tailwinds, think fully within activity what to margin they then as that, we quarter sequentially 'XX as 'XX just say will our going and those challenges see execute we've integrate

Aaron Spychalla

actively on the you for pipeline talked you I opportunity, that on, an of and second of part the kind update valuations, the looking maybe the any then just three portfolio process building as and know in? about maybe fill pillars to there. Can the And you're managing you're right. focusing that the me, there areas All M&A. on give

Ty Silberhorn

Aaron. a just of you give I'll at Yes. high level, kind

working of invested in third support added that terms work. parties that we've resources in year-to-date. to So, We've and with

goal be to strategic here. Our is

or right our applications and what So, today from us fit we complements we're adjacency today. market we're maybe and in strategically have out the looking terms product that one portfolio moves of in maybe serving the services for that segments

building to come be market targets. So identifying opportunistic focused will that things those we that work we sense. not to right on think makes as now is That's say really that pipeline,

may to cost our out and strategically the so. the long-term jump synergies in we being in integration for we're on are manage take those that would approach look those. businesses that acquisitions see should to definitely and that's fit in When a also aggressive at drive emphasis fit synergies, financial at those we from will that strategic, we will there's accretive or an look shift And allow the this I to help meaningful cost for a us which and another goals process fact mean types play past. bigger we targets, year year. first new still big that drive say of that But are acquisitions We going how and looking

Operator

Our Brent Thielman next question will Davidson. be coming D.A. from of

Brent Thielman

at that other like some. Framing, business Ty, components strong? the looks I things least of of the has some still in Or Just Are terms mean, pretty aluminum price reset market on as prices quoted pulled it cost in of now? input the you back seeing are

Ty Silberhorn

Well, I think there's two things to remember there.

So Framing at look saw one, we note those cost boost margins. flow our on benefit did a that that if you helped QX,

benefit was was still on way but through had million There million. a $X its adjust while So, to reflect a about there lower price maybe moved we system, higher already approximately our slight aluminum QX, costs. aluminum that $X was it the in to benefit was working cost roughly

good right, that, but we double-digit as expected and they through news, saw for the margin that down, quarter. still that they worked to we So, performed come margins

of terms know, as market In pricing, competitive it's market. a you

on grow need storefront to business. and we stay want top of on finishing So particularly business that. our and to solutions We

haven't respect in second So out some will and market in looked track. of to and adjustments. adjustments long-term margins can to where why on maybe We in working our going to on while as at be drop I guidance working a start seen while show it. But the the we we as at performed goal seen anticipate on in the to maintain top middle through of that, going they're XX%, they're we're that focused make some change, we and will they And that need to our probably we close looking pricing. half, staying how do that's to we with on that be to, think we've QX. pricing, pricing year. across they're wholesale of X% They're the that But of

Brent Thielman

the Velocity you the business initiatives it where like Can some Yes. us the Understood. terms put better on business, from margin stands Glass drive also And of help shutdown. improvement looks Ty, in comes to sort you understand high then, core that business in the of place profitability? of

Mark Augdahl

Sure. is little this give of color as core bit can our a relates in Brent, it Mark. business. I to what doing we're

We plan complex projects are little the highlighted, not core there space really us area. are explore of are trying opportunities it's drive to proprietary that to have drive in and priced, plenty a as higher in They Glass for products, products business. trying had that more bit that to we're our strategic to type to overall higher and really

also the quarterly or as highly the in that's to point productivity quarter contributed it emphasis that. say, to So should primary contributed the relates was margin the results. I improvement I out to highly also want

So includes not from also associated the moving out cost the and that we taken only are we've with perspective, but the business. costs of Velocity business, a mix

Ty Silberhorn

I tailwind the I'll plant year, up that And mix margin restructuring fiscal the bid the additional productivity because into for that through that benefits, expansion. we're Yes. it's showing big isn't business Obviously, of go a up production that's for give very been until tailwinds rec then a as alluded 'XX in reinforce, we said. going that award the is Lean. on and in up lot Brent has of we've more on the of shift, activity that showing driver revenue to captured and 'XX-story and that a floor to, as Mark that's a business. but the and just this seeing end showing think flow Lean

Brent Thielman

see That's you on to Okay. year. sequential year-on-year paid, well last Services mean, some And initiatives margin through Are into move I initiatives, we one -- you expected then growth think we just should I seasonally. the typically what margin I improvement see said tend cost the some these as guess of you business, you the the fiscal improvement half? back for growth as as

Ty Silberhorn

have look Investor think a nine. that, out of a they set Day I you being we've at at as seven goal to

dollars investment right some then of next projects large that through a and bit little putting a from to, backlog. well. into will as alluded think be that that's its probably continue our looks year, -- outside right and And has yes, And QX, you help as few probably get getting costs as integration of is to business execution see we're for year that combination we Sotawall rest they'll and the driving look you we range. a if the some QX that that at up now million range. of now, But the it of the I standalone, into to on bottom of Sotawall, scale grow the beginning the of them the like into of related full year showing as

Operator

Julio question from coming next Sidoti. be Our Romero will

Julio Romero

quarter? there you Could believe further talk transportation could do the you some runway maybe new you've additional how you're detail just I and those mix won about And won you to have the you much infrastructure-related during if seeing? award called on the out business? any projects give diversify projects,

Ty Silberhorn

everyone's that of so been Julio, future has questions There's an of effort Yes. lot had ours. office. -- about a of the

premium would if we reiterate, remiss demand continue space. for to office see I I I think strong didn't be

saw in And be this continues our that we opportunities other was going what our space, backlog said, sure a as so we're to in really being to That non-office. growth that quarter after make we focused have in that backlog. driver

and due care project some some and in new terminals, we to We'll were the there office significant health So in segment. projects wins construction, that wins a were we but saw transportation think airport saw of this won additional significantly there. again, And But drivers that we that was quarter, some office in total, reduced non-office. our at the And backlog percent least office that in was in the education. at space. is look increase there

think tax business care And through. in are of some we're so for government, seeing our think higher efficiencies of energy are those some and go the education products, coming funding through of that a Glass because It's -- we value or see health mix. that would federal good of our great because the Services that curtain and the even well as that more those for come and that's business tailwinds We rebates diversification into there's funding some space for things. both We wall. bodes complex that transportation,

are us we we're those backlog that well as as look So positives building. at for that

Julio Romero

the I it. Framing guess on the commentary And appreciate on there. Got storefront specifically the segment, and I side. finishing

lead time shortening the the high business a normalization and times slowing and You of the drove number. not to sign shorter that and activity normalizing, of mentioned I framing base it's and of necessarily a you indicator more as as of any view a kind time an there? lead clarify, good off lead kind a is guess backlog

Ty Silberhorn

across some to and just working we QX in times in solid the line businesses, chain trend We very market up. order on through went push out that is QX lead up. Again, the volume were -- trend issues, Correct. and again. demand the still this and see all continues month-to-month, that supply happening but then started earlier It into as line be was space, early seeing is that. choppy across They to

improve part their those drove that think well as they're very is a the marketplace. they've a so, under working those this short going I continue lead their service in expect to in because to strong backlog. back of lead And that value times on component the lead to and that control, times proposition get And time, quarter been reduction we

they're So on there. focused driving improvements very

Julio Romero

of any in That's Is on that giving helpful. indicator regards other? to And what way one kind side are the you the the or I seeing Got it. you guess, of state LSO consumer?

Ty Silberhorn

healthy now, are we watching Well, still it's a it. condition. Right

order But show QX, into now, they the headlines, our quarter are falloff and will is some news sees maybe So, a anticipating little LSO start holding they right cetera. of point. rates as probably and been look finish up not their a that second their conservative for the as well. very this leader in They and at it to QX. We've CPI the seeing et at demand in

Operator

the back turn Ty call over to I Silberhorn you. our to Thank now for would closing like remarks.

Ty Silberhorn

again driving of us and this our strategy business, more and this the again joining in building of you as we and to our alluded revenue improvements earlier just in driving the outlook, a really the as I in that want go for Q&A, being reiterate we market margin regardless economic basis really strong to income And to leader But in momentum forward. long-term strong setting from and strong thank outperform through an a we execution thank both Well, today. ourselves see up those everyone importantly, really quarter. call for team

So thanks, again today, everyone, talk joining you us a we'll and to in for months. few

Operator

everyone, you, Have your joining. Thank for may good of rest day. disconnect. Everyone a

Apogee Enterprises (APOG) 20 Sep 222023 Q2 Earnings call transcript