APOGEE ENTERPRISES INC
For the period ended Jun 1, 2024. Filed Jul 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 1, 2024 · Filed Jul 9, 2024
APOG$45.77-0.3%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Consolidated Balance Sheets
CONSOLIDATED BALANCE SHEETS
| (Unaudited) | ||
|---|---|---|
| (In thousands, except stock data) | June 1, 2024 | March 2, 2024 |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $30,363 | $37,216 |
| Receivables, net | 183,270 | 173,557 |
| Inventories, net | 80,495 | 69,240 |
| Contract assets | 43,957 | 49,502 |
| Other current assets | 34,417 | 29,124 |
| Total current assets | 372,502 | 358,639 |
| Property, plant and equipment, net of accumulated depreciation of $452,711 and $445,017 | 242,292 | 244,216 |
| Operating lease right-of-use assets | 38,726 | 40,221 |
| Goodwill | 129,042 | 129,182 |
| Intangible assets, net | 64,981 | 66,114 |
| Other non-current assets | 41,436 | 45,692 |
| Total assets | $888,979 | $884,064 |
| Liabilities and Shareholders’ Equity | ||
| Current liabilities | ||
| Accounts payable | $82,841 | $84,755 |
| Accrued compensation and benefits | 28,900 | 53,801 |
| Contract liabilities | 36,377 | 34,755 |
| Operating lease liabilities | 12,090 | 12,286 |
| Other current liabilities | 66,895 | 59,108 |
| Total current liabilities | 227,103 | 244,705 |
| Long-term debt | 77,000 | 62,000 |
| Non-current operating lease liabilities | 30,462 | 31,907 |
| Non-current self-insurance reserves | 30,859 | 30,552 |
| Other non-current liabilities | 43,600 | 43,875 |
| Commitments and contingent liabilities (Note 6) | ||
| Shareholders’ equity | ||
| Junior preferred stock of $1.00 par value; authorized 200,000 shares; zero issued and outstanding | — | — |
| Common stock of $0.33-1/3 par value; authorized 50,000,000 shares; issued and outstanding 21,936,674 and 22,089,265, respectively | 7,312 | 7,363 |
| Additional paid-in capital | 153,002 | 152,818 |
| Retained earnings | 348,651 | 340,375 |
| Accumulated other comprehensive loss | (29,010) | (29,531) |
| Total shareholders’ equity | 479,955 | 471,025 |
| Total liabilities and shareholders’ equity | $888,979 | $884,064 |
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