secwatch.observer — SEC 8-K summary
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Issuer:     APOGEE ENTERPRISES, INC. (APOG)
CIK:        0000006845
Form:       8-K/A
Filed at:   2024-11-05T23:59:59+00:00
Accession:  0000006845-24-000268
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 2.03, 2.01, 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Apogee closes $242M acquisition of UW Solutions; funds with $250M term loan draw
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- Acquired UW Interco (UW Solutions) for $242M cash; $1.75M placed in escrow for post-closing adjustments.
- Drew $250M under existing term loan facility to finance purchase price and for working capital.
- FY2025 expects ~$30M added net sales and ~$0.10 dilutive impact to adjusted diluted EPS.
- FY2026 expects accretion with ~$100M revenue and ~20% adjusted EBITDA margin from the deal.
- Acquisition expands Large-Scale Optical segment; CEO Silberhorn cites new growth engine.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/6845/000000684524000268/0000006845-24-000268-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/6845/000000684524000268/apog-20241104.htm
  HTML page:      https://secwatch.observer/filing/0000006845-24-000268

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer