APOGEE ENTERPRISES INC
For the period ended Apr 24, 2025. Filed Apr 24, 2025.
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Apr 24, 2025 · Filed Apr 24, 2025
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Contents
EX-99.1 · Financial Condition
Financial Condition
Net cash provided by operating activities in the fourth quarter was $30.0 million, compared to $74.9 million in the prior year period. For the full year, net cash provided by operating activities was $125.2 million, compared to $204.2 million last year, primarily reflecting increased cash used for working capital. Capital expenditures for the full year were $35.6 million, compared to $43.2 million last year.
In the fourth quarter, the Company returned $35.8 million of cash to shareholders, through $30.3 million of stock repurchases and $5.5 million of dividends. For the full year, the Company returned $67.1 million of cash to shareholders through share repurchases and dividends, up from $33.0 million in the prior year.
5 Backlog is a non-GAAP financial measure. See Use of Non-GAAP Financial Measures later in this press release for more information.
Quarter-end long-term debt increased to $285.0 million, bringing the Consolidated Leverage Ratio 6 (as defined in the Company’s credit agreement) to 1.3x at the end of the quarter.
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