Large-scale optical segment revenues are expected
to be up
approximately 4 percent, with growth in picture framing
glazing
products continuing to be somewhat offset by the
shift away from select consumer electronics
products.
Despite challenging market conditions leading to
slightly lower
pricing and volume, we are winning new
independent customers for aftermarket windshields
.5 percent, as margins continue to
increase with improved pricing and capacity utilization;
large-scale optical, approximately 12 percent, relatively
flat with the
focus on making products more affordable for
consumers; and auto glass breakeven or slightly
better, a
decrease due to competitive market dynamics., one of
the largest U. JACKSONVILLE
, Fla.
shutters lengthy
Depreciation and amortization are estimated at $19 million for
the year. For
a more detailed
explanation of the foregoing and other risks and uncertainties, see
Exhibit 99
.
sandblasted prisms
72 -
$0. These statements are forward-looking, and actual results
may differ materially
.
Gaining market share through success of growth
initiatives.capable swarovski
72 - $0.aesthetic shutters
Apogee
Increases Guidance for Fiscal 2006 as a Result of Delay in Requirement to Expense Stock Options
Capital expenditures are targeted at $25 million. The company cautions readers that actual
future
results could differ materially from those described in the
forward-looking statements. Businesses
in this segment are:
Viracon, the leading fabricator of coated, high-performance
architectural
glass for global markets; Harmon, Inc. ("FNFS") is launching
its state-specific Contractor Qualification
Assessment program. FIS offers information services, including property
data and real estate-related
services that are used by lenders, mortgage
investors and real estate professionals to complete residential
real estate
transactions throughout the U. The risks and uncertainties which forward-looking
statements
are subject to include, but are not limited to, the effect of
governmental regulations, the economy
, competition and other risks detailed
from time to time in the "Management's Discussion and Analysis
" section of the
Company's Form 10-K and other reports and filings with the Securities and
Exchange
Commission.windoor aesthetic
72 for fiscal 2006.
Expected annual operating margins by segment are:
architectural, 3.fidelityinfoservices.sundries stained
These statements
reflect Apogee management's expectations
or beliefs as of the date of
this release. The company wishes to caution investors
that other
factors may in the future prove to be important in
affecting the company's results of operations
. (NYSE: FNF), a Fortune 500 provider of products, services and
technology solutions to the financial
and real estate industries, today
announced that Fidelity National Field Services, Inc. FIS' software
processes
nearly 50 percent of all U.lengthy extremes
This new
program will validate the industry proficiencies
of more than 1,000
independent property preservation contractors managed by Fidelity National
Field
Services nationwide.
Additionally, contractors can use the property preservation study
materials
and the Contractor Qualification Assessment provided by Fidelity
National Field Services as a resource
to educate, train and validate job
knowledge and skills of the sub-contractors representing them
in the field. FNF is the nation's largest title
insurance company, with nearly 32 percent national
market share, and is also a
provider of other specialty insurance products, including flood insurance
,
homeowners insurance and home warranty insurance.S.ensures arranging
"Using our new online assessment, we are able
to further qualify
our network of contractors, ensuring we are managing a team of professionals
capable
of meeting and exceeding the standards of our clients and the
industry," said Insul.com and
http:
//www.hassle shutters
Overall revenues for the year are expected to increase 6 to 8
percent.
Earnings
per share from continuing operations are expected to
range from $0., headquartered in Minneapolis
, is a world
leader in technologies involving the design and development of
value-added glass products
and services.prisms capable
Equity in affiliates, which reflects Apogee's portion of the
results
of the PPG Auto Glass joint venture, is expected to
report earnings of approximately $1 million
due to increased
volume and operational improvements.fnfieldserv. ("FIS"), the Company is
a leading
provider of technology solutions, processing services and information services
to the
financial services and real estate industries.S. FIS also provides customized business process outsourcing
related
to aspects of the origination and management of mortgage loans to national
lenders and
servicers.fnf.sundries window
Business Editors
MINNEAPOLIS----Apogee Enterprises,
Inc. fabricator
of aftermarket foreign and
domestic car windshields.com . These
forward-looking statements are
subject to known and unknown risks,
uncertainties and other factors that may cause actual results
, performance or
achievements of the Company to be different from those expressed or implied
above
.octagonal aesthetic
68 -
$0.S.arranging frameset
5 to 4.
Debt is expected to be reduced to approximately $30 million. As an industry
first,
contractors will be required to complete a new assessment once per year to
ensure the ongoing
consistency and caliber of service provided by Fidelity
National Field Services.yards conservatories
72 per share, to
$0.04
per share earnings impact in the second half of the current fiscal
year, fiscal 2006, related
to expensing stock options. This impact had
been reflected in its previous earnings per share guidance
of $0.
Auto glass segment revenues are expected to be
approximately 3 percent
lower than in fiscal 2005.
Selling, general and administrative expenses as a percent of
sales are projected to be approximately 14.5 percent.S.
kenner sundries
Architectural segment
revenues are expected to increase 6
to 9 percent for the year.S.window craftsmen
Apogee Enterprises
, Inc. The company is organized in
three segments:
-- Architectural products and services
companies design,
engineer, fabricate, install, maintain and renovate the walls
of glass and windows
comprising the outside skin of commercial
and institutional buildings.
-- Large-scale optical
technologies segment consists of Tru Vue,
a value-added glass and acrylic manufacturer for the custom
framing and pre-framed art markets, and a producer of optical
thin film coatings for consumer
electronics displays.S.
For more information regarding Fidelity National Field Services, please
visit the company's Web site at http://www.craftsmen swarovski
Apogee had previously stated that it expected to have
a $0. All forward-looking
statements are qualified by factors that may affect the operating
results
of the company, including the following: Operational risks
within (A) the Architectural segment:
i) competitive, price-sensitive
and changing market conditions, including unforeseen delays in project
timing and work flow; ii) economic conditions and the cyclical nature
of the North American commercial
construction industry; iii) product
performance, reliability or quality problems that could delay
payments, increase costs, impact orders or lead to litigation; iv) the
segment's ability to fully
utilize production capacity; v) integration
of the AWallS acquisition in a timely and cost-efficient
manner; and
vi) completion and production ramp-up of the Viracon capacity
expansion in a timely
and cost-efficient manner; (B) the Large-Scale
Optical segment: i) markets that are impacted by consumer
confidence;
ii) dependence on a relatively small number of customers; and iii)
ability to utilize
manufacturing facilities; and (C) the Auto Glass
segment: i) transition of markets served, as the
long-term supply
agreement with PPG Industries for auto replacement windshields expires
in the
second quarter of fiscal 2006 and product is then marketed to
independent distributors; ii) changes
in market dynamics; iii) market
seasonality; iv) highly competitive, fairly mature industry; and
v)
performance of the PPG Auto Glass, LLC joint venture. New factors emerge from
time to time
and it is not possible for management to predict all such
factors, nor can it assess the impact of
each such factor on the
business or the extent to which any factor, or a combination of
factors
, may cause actual results to differ materially from those
contained in any forward-looking statements
. full-service building glass installation,
maintenance and renovation companies; Wausau Window and
Wall
Systems, a manufacturer of custom aluminum window systems and
curtainwall; and Linetec, a
paint and anodizing finisher of
window frames and PVC shutters., Fidelity National
Financial
, Inc.
"We strive to provide the highest quality property preservation services
nationwide
," said Marc Insul, President and COO of Fidelity National Field
Services.com . financial institutions
and it has clients in more
than 50 countries who rely on its processing and outsourcing products
and
services.extremes shutters
76
The discussion above, including all statements in the Outlook
section,
contains "forward-looking statements" within the meaning of
the Private Securities Litigation Reform
Act of 1995.S.swarovski capable
The company undertakes no obligation to publicly update
or revise any forward-looking
statements, whether as a result of new
information, future events or otherwise.
-- Automotive
replacement glass and services segment consists of
Viracon/Curvlite, a U.Fidelity National Field
Services Implements Industry's Most Comprehensive Contractor Assessment
Department of Housing and
Urban Development ("HUD") preservation
and protection guidelines and Department of Veterans Affairs
("VA") servicing
guidelines. Contractors are also continually educated on updates to the
standard
guidelines throughout the year., number 262 on the Fortune 500, is a
provider of products and outsourced
services and solutions to financial
institutions and the real estate industry. Through its subsidiary
Fidelity National Information Services, Inc. More information about the FNF family of
companies
can be found at http://www.swarovski coverings
76 per share as a result of the delay in the requirement to expense
stock
options until its next fiscal year, which begins February 26,
2006.
Annual gross margins are
expected to be approximately 1
percentage point higher than the prior year as operational
improvements and cost reductions are somewhat offset by higher
costs for wages
, materials, utilities and freight.
The effective tax rate for the full year is anticipated to
be
approximately 32 percent, driven by benefits relating to the
new manufacturer
's deduction as enacted by the American Jobs
Creation Act of 2004. Additional
factors include:
i) revenue and operating results that are volatile;
ii) the possibility of a material product liability
event; iii) the
costs of compliance with governmental regulations relating to
hazardous substances;
iv) management of discontinued operations
exiting activities; and v) foreign currency risk related
to
discontinued operations.1 to the company's Annual Report on Form 10-K for the
fiscal year ended
February 28, 2004. banks and more than 2,800
small and mid-sized U.
This press release
contains statements related to future events and
expectations and, as such, constitutes forward-looking
statements.kenner severest
68 - $0.
Based on lender and investor guidelines and best practices in the
industry
, the comprehensive Web-based assessment consists of a wide variety of
questions relating to lender
and investor requirements, as well as state-
specific questions relating to services such as conveyance
preparation,
winterization, lock changes, eviction attendances, lawn services, pool
coverings
, extermination, window replacements, etc. The Company expressly disclaims any duty to update or revise
forward-
looking statements.shutters windoor
Sales of value-added picture framing products are
expected to again grow more than 20 percent.
To facilitate new independent contractors
' training as well as ongoing
education, Fidelity National Field Services supplies both existing and
new
contractors with a Fidelity National Field Services Training Manual, as well
as the U.
About Fidelity National Financial
Fidelity National Financial, Inc.ensures windoor
residential mortgages
, it has processing and
technology relationships with 45 of the top 50 U.capable window
(Nasdaq:APOG) today announced
that it is increasing its fiscal
year 2006 guidance range from $0.
The increased earnings per
share range is the only change to the
fiscal 2006 guidance the company previously issued on April
6, 2005:
The following statements are based on current expectations for
fiscal 2006.swarovski windoor
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