Architectural glass restructuring at Apogee

|About: Apogee Enterprises, Inc. (APOG)|By:, SA News Editor

Ahead of the weekend, Apogee (APOG) announced details of a planned restructuring referred to in its FQ3 2018 earnings release.

Countering the headwinds of the glass business, the company will close its Viracon architectural glass plant in St. George, UT.

Per the release, "In the fiscal 2018 fourth quarter, Apogee is taking a restructuring charge of approximately $4.5M, or $0.11 per share, primarily related to the plant closure... The payback is expected to be approximately one year."

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