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◦	Q4 revenues up 6%, 8% in constant currency

◦	Q4 EPS up 47%; operating margin up 300 basis points

◦	FY16 revenues up 5%, 7% in constant currency

◦	FY16 EPS up 48% vs. prior-year adjusted EPS

◦	Backlog >$0.5 billion for third consecutive quarter

◦	FY17 outlook: ~10% revenue growth; EPS of $2.65-$2.80

•	Revenues of $262.1 million were up 6 percent.

◦	In constant currency, revenues were up 8 percent.

•	Operating income of $28.9 million was up 47 percent.

◦	Operating margin was 11.0 percent, up 300 basis points.

•	Earnings per share of $0.69 were up 47 percent.

•	Backlog of $508.0 million was up 4 percent.

•	Cash and short-term investments were $90.6 million.

•	Revenues of $981.2 million were up 5 percent.

◦	In constant currency, revenues were up 7 percent.

•	Gross margin was 24.8 percent, up 250 basis points.

•	Operating income of $97.4 million was up 53 percent.

◦	Operating margin was 9.9 percent, up 310 basis points.

•	Earnings per share of $2.22 were up 48 percent vs. prior-year adjusted EPS of $1.50.

◦	Prior-year reported EPS of $1.72 included $0.22 from a tax credit.

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•	Revenues of $98.6 million were up 7 percent, on U.S. volume growth and improved pricing.

◦	In constant currency, revenues were up 10 percent.

•	Operating income grew to $12.1 million, up 169 percent from $4.5 million.

◦	Operating margin expanded 740 basis points to 12.3 percent, compared to 4.9 percent, due to improved pricing and mix, strong operational performance and volume leverage.

•	Revenues of $76.8 million were up 21 percent, due to strong project activity during the quarter.

•	Operating income grew to $5.6 million, up 9 percent from $5.2 million, on increased volume at better margins and good project execution.

◦	Operating margin was 7.3 percent, compared to 8.1 percent.

•	Revenues of $79.6 million were up 3 percent, on U.S. volume growth and improved mix.

◦	In constant currency, revenues were up 5 percent.

•	Operating income grew to $7.7 million, up 60 percent from $4.8 million.

◦	Operating margin expanded 340 basis points to 9.7 percent, compared to 6.3 percent, as a result of lower raw material costs, volume leverage and execution of higher-margin window projects.

•	Revenues of $21.7 million were down 5 percent, due to timing of customer orders.

•	Operating income of $4.8 million was down 19 percent from $6.0 million.

◦	Operating margin was 22.3 percent, compared to 26.2 percent, due to timing within the year of volume and product mix; full-year results and operational performance remained strong.

•	Backlog of $508.0 million was up 4 percent from $490.8 million in the prior-year period, and down 7 percent from the backlog of $544.7 million in the third quarter.

◦	Approximately $407 million, or 80 percent, of the backlog is expected to be delivered in fiscal 2017; and approximately $101 million, or 20 percent, in fiscal 2018.

•	Cash and short-term investments totaled $90.6 million, compared to $52.5 million at the end of fiscal 2015.

•	Share repurchases in fiscal 2016 totaled 575,000 shares at a cost of $24.9 million.

•	Debt was $20.4 million, compared to $20.6 million at the end of fiscal 2015. All debt is long-term, low-interest industrial revenue bonds.

•	Non-cash working capital was $68.8 million, compared to $97.5 million at the end of fiscal 2015.

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•	Capital expenditures in fiscal 2016 were $42.0 million, compared to $27.2 million in the prior year.

•	Depreciation and amortization in fiscal 2016 was $31.2 million.

•	Architectural Glass segment consists of Viracon, the leading fabricator of coated, high-performance architectural glass for global markets.

•	Architectural Services segment consists of Harmon, Inc., one of the largest U.S. full-service building glass installation and renovation companies.

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Architectural Framing Systems segment businesses design, engineer, fabricate and finish the aluminum frames for window, curtainwall and storefront systems that comprise the outside skin of buildings. Businesses in this segment are: Wausau Window and Wall Systems, a manufacturer of custom aluminum window systems and curtainwall; Tubelite, a fabricator of aluminum storefront, entrance and curtainwall products; Alumicor, a fabricator of aluminum storefront, entrance, curtainwall and window products for Canadian markets; and Linetec, a paint and anodizing finisher of window frames and PVC shutters.

•	Large-Scale Optical segment consists of Tru Vue, a value-added glass and acrylic manufacturer primarily for the custom picture framing market.

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Constant currency revenue growth excludes the impact of fluctuations in foreign currency on Apogee’s international operations. The company believes providing constant currency information provides valuable supplemental information regarding our results of operations, consistent with how we evaluate our performance. Constant currency percentages are calculated by converting prior-period local currency results using the current period exchange rates and comparing these adjusted amounts to current period reported results.

•	Adjusted earnings per share excludes the benefit from an energy-efficient tax credit of $0.22 per share recognized in the second quarter of fiscal 2015. The company believes adjusting earnings per share for this credit provides a more useful year-over-year comparison of earnings per share.

•	Backlog represents the dollar amount of revenues Apogee expects to recognize in the near-term from firm contracts or orders. The company uses backlog as one of the metrics to evaluate near-term sales trends in our business.

•	Free cash flow is defined as net cash provided by operating activities, minus capital expenditures. The company considers this measure an indication of the financial strength of the company.

•	Non-cash working capital is defined as current assets, excluding cash and short-term securities, less current liabilities, excluding current portion of long-term debt. The company considers this a useful metric in measuring working capital management over time.

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