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Financials
Business headlines
Architectural segment drives growth for Apogee in second quarter
Officials from Apogee Enterprises Inc. of Minneapolis said the company’s earnings were up 57 percent in its second quarter, lead by growth in its architectural segment, according to a Sept. 20 article from the Minneapolis/St. Paul Business Journal.
Income in the quarter reached $11.5 million, up from $7.3 million during the same period last year. Revenue increased 20 percent from $181 million last year to $217.7 million this year, according to the article.
Russell Huffer, Apogee CEO, attributed the companywide gains to a 21 percent revenue increase for the architectural segment. “Our architectural segment exceeded our expectations with slightly stronger than expected revenue due to project timing and flow,” he said in the article … read more
Solutia opens Saflex manufacturing facility in China
Officials from St. Louis-based Solutia Inc. held the grand opening of its Saflex manufacturing plant in Suzhou, China, Sept. 20, according to a same-day company release. Saflex produces and sells polyvinyl butyral interlayers.
The facility marks the company’s commitment to serve the growing Chinese glass market, said Jeff Quinn, Solutia president and CEO. “We will continue to devote substantial resources to seizing the growth opportunities in China across each of our businesses,” he said in the release … read more
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