Apogee Enterprises, Inc. (NASDAQ:APOG) Q1 2024 Earnings Conference Call June 23, 2023 9:00 AM ET

Company Participants

Jeff Huebschen - Vice President, Investor Relations

Ty Silberhorn - Chief Executive Officer

Matt Osberg - Chief Financial Officer

Conference Call Participants

Chris Moore - CJS Securities

Eric Stine - Craig Hallum

Julio Romero - Sidoti

Operator

Good day and thank you for standing by. Welcome to the First Quarter 2024 Apogee Enterprises’ Earnings Conference Call. At this time, all participants are in a listen-only mode. After the presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker today, Jeff Huebschen, Vice President of Investor Relations. Please go ahead.

Jeff Huebschen

Thank you, Liz. Good morning and welcome to Apogee Enterprises fiscal 2024 first quarter earnings call. With me today are Ty Silberhorn, Apogee’s Chief Executive Officer; and Matt Osberg, Chief Financial Officer. I’d like to remind everyone that there are slides to accompany today’s remarks. These are available in the Investor Relations section of Apogee’s website.

During this call, we will reference certain non-GAAP financial measures. Definitions of these measures and a reconciliation to the nearest GAAP measures are provided in the earnings release and slide deck we issued this morning. I’d also like to remind everyone that our call will contain forward-looking statements. These reflect management’s expectations based on currently available information.

Actual results may differ materially. More information about factors that could affect Apogee’s business and financial results can be found in today’s press release and in our SEC filings.

And with that, I’ll turn the call over to you, Ty.

Ty Silberhorn

Thank you, Jeff. Good morning, everyone. Well, Apogee's team delivered yet another strong quarter. Our strategy and strengthening operational execution continue to drive results. This morning, I'll cover highlights from the quarter, how our strategy is driving sustainable improvements in our business, and our progress on this year's priorities. Then I'll turn it over to Matt for more details on the quarter and our outlook.

The first quarter was a solid start to our fiscal year, continuing the positive trends we've established over the past several quarters. We delivered top and bottom line [Technical Difficulty] sustained operating margins at 9.3% and had a strong cash flow quarter with cash from operations significantly higher than last year’s first quarter.