Apogee to Expand Product Offerings With UW Solutions Buyout

Zacks09-27 00:00

Apogee Enterprises, Inc. APOG announced that it has inked an agreement with Heartwood Partners to acquire UW Interco, LLC (UW Solutions) for $240 million in cash. This transaction is consistent with ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2470089763?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/knmT_zhl4W5gMgUMJIEvBg--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/026a08802cd984229bb03e0aefeb2972","is_english":true,"pubTime":"2024-09-27 00:00","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2470089763","market":"us","top_or_hot":-1,"title":"Apogee to Expand Product Offerings With UW Solutions Buyout","media":"Zacks","content":"<div>\n<p>Apogee Enterprises, Inc. APOG announced that it has inked an agreement with Heartwood Partners to acquire UW Interco, LLC (UW Solutions) for $240 million in cash. This transaction is consistent with ...</p>\n\n<a href=\"https://finance.yahoo.com/news/apogee-expand-product-offerings-uw-160000267.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apogee to Expand Product Offerings With UW Solutions Buyout</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApogee to Expand Product Offerings With UW Solutions Buyout\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-27 00:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/apogee-expand-product-offerings-uw-160000267.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apogee Enterprises, Inc. APOG announced that it has inked an agreement with Heartwood Partners to acquire UW Interco, LLC (UW Solutions) for $240 million in cash. This transaction is consistent with ...</p>\n\n<a href=\"https://finance.yahoo.com/news/apogee-expand-product-offerings-uw-160000267.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BLDYK493.USD","symbol_name":"NEUBERGER BERMAN US SMALL CAP \"A\" (USD) INC","start_time":0,"source_url":"https://finance.yahoo.com/news/apogee-expand-product-offerings-uw-160000267.html","article_id":"2470089763","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/knmT_zhl4W5gMgUMJIEvBg--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/026a08802cd984229bb03e0aefeb2972"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2470089763","pubTimestamp":1727366400,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Apogee Enterprises, Inc. APOG announced that it has inked an agreement with Heartwood Partners to acquire UW Interco, LLC  for $240 million in cash. This transaction is consistent with Apogee's goal of adding distinctive businesses with a great operational track record to its portfolio.UW Solutions, a U.S. manufacturer, produces high-performance coated substrates for building products and graphic arts markets, boasting innovative formulations and iconic brands like ResinDEK, ChromaLuxe, RDC Coatings and Unisub.APOG currently carries a Zacks Rank #3 .Some better-ranked stocks from the Industrial Products sector are Crane Company CR, Flowserve Corporation FLS and RBC Bearings Incorporated RBC. Each of these companies carries a Zacks Rank #2  at present. You can see the complete list of today's Zacks #1 Rank  stocks here.The Zacks Consensus Estimate for Crane’s 2024 earnings is pegged at $5.07 per share. The consensus estimate for 2024 earnings has moved north by 6% in the past 60 days. T","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00BLDYK493.USD":"NEUBERGER BERMAN US SMALL CAP \"A\" (USD) INC","IE00B64QTZ34.USD":"NEUBERGER BERMAN US SMALL CAP \"A\" (USD) ACC","CR":"crane","APOG":"Apogee Enterprises","LU2065731478.USD":"ALLSPRING (LUX) WORLDWIDE FUND - SMALL CAP INNOVA \"I\" (USD) ACC","BK4161":"工业机械","FLS":"福斯","RBC":"RBC轴承","BK4086":"建筑产品"},"translate_title":"Apogee通过收购UW Solutions扩大产品供应","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CR":1,"FLS":1,"RBC":1,"APOG":0.9},"content_text":"Apogee Enterprises, Inc. APOG announced that it has inked an agreement with Heartwood Partners to acquire UW Interco, LLC (UW Solutions) for $240 million in cash. This transaction is consistent with Apogee's goal of adding distinctive businesses with a great operational track record to its portfolio. UW Solutions, a U.S. manufacturer, produces high-performance coated substrates for building products and graphic arts markets, boasting innovative formulations and iconic brands like ResinDEK, ChromaLuxe, RDC Coatings and Unisub.\nDetails of Apogee’s UW Solutions Acquisition\nAfter completion, Apogee intends to incorporate UW Solutions into its Large-Scale Optical segment. This will establish a scalable growth platform in the specialized coatings and materials market. The purchase price is approximately 8.5x UW Solutions' expected adjusted EBITDA for fiscal 2026. Apogee intends to finance the deal with cash on hand and its current credit facility.\nAPOG’s Benefits from the Deal\nThe deal is expected to yield $5 million in operational cost synergies by fiscal 2027. The transaction is projected to improve Apogee's long-term financial profile, including its revenue growth rate and adjusted EBITDA margin, as well as adjusted diluted earnings per share, beginning in fiscal 2026. The transaction is estimated to generate roughly $100 million in sales in fiscal 2026, with an adjusted EBITDA margin of around 20%. APOG is broadening its product portfolio for non-residential construction by entering the manufacturing, warehousing and distribution center markets, while also intensifying its efforts to diversify the large-scale optical segment.\nApogee Tops Q1 Earnings Estimates\nApogee reported earnings per share of $1.44 in first-quarter fiscal 2025 (ended June 1, 2024), surpassing the Zacks Consensus Estimate of $1.16. The bottom line increased 37.1% year over year.Apogee generated revenues of $331.5 million in the fiscal first quarter, down 8.3% year over year due to lower volume.\nAPOG’s Share Price Outperforms Industry\nShares of Apogee have gained 47% in the past year against the industry's decline of 4.8%.\nImage Source: Zacks Investment Research\nApogee’s Zacks Rank & Stocks to Consider\nAPOG currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks from the Industrial Products sector are Crane Company CR, Flowserve Corporation FLS and RBC Bearings Incorporated RBC. Each of these companies carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.The Zacks Consensus Estimate for Crane’s 2024 earnings is pegged at $5.07 per share. The consensus estimate for 2024 earnings has moved north by 6% in the past 60 days. The company has a trailing four-quarter average earnings surprise of 11.2%. CR shares have gained 75.2% in a year.Flowserve has an average trailing four-quarter earnings surprise of 18.2%. The Zacks Consensus Estimate for FLS’ 2024 earnings is pinned at $2.76 per share, which indicates year-over-year growth of 31.6%. The consensus estimate for 2024 earnings has moved north by 4% in the past 60 days. The company’s shares have gained 27.5% in a year.The Zacks Consensus Estimate for RBC Bearings’ fiscal 2025 earnings is pegged at $9.71 per share. The consensus estimate for 2025 earnings has moved north by 1.4% in the past 60 days. The company has a trailing four-quarter average earnings surprise of 4.7%. RBC shares have gained 27.2% in a year.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nRBC Bearings Incorporated (RBC) : Free Stock Analysis Report\nFlowserve Corporation (FLS) : Free Stock Analysis Report\nApogee Enterprises, Inc. (APOG) : Free Stock Analysis Report\nCrane Company (CR) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.1","shortVersion":"4.28.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2470089763"}