Product Manufacturing Industry

• According to IBIS World, the total revenue for the US manufacturing industry in 2019 was $6.15 trillion and the industry is expected to decline at an annual rate of 0.9% between 2019 and 2024.
•  Glass Product Manufacturing has an anticipated market size of $30.1 billion in 2020 with an annual growth of 1.8%.

• The companies with the largest market share according to IBIS World are Exxon Mobil Corporation, The Boeing Company, and Ford Motor Company.

•  IBIS World suggests that a major threat to the industry is the declining price of steel, which restricts low value-added manufacturers. A major opportunity is the growing US GDP, which expands demand in all sectors of the economy.
• US manufacturing is the largest in the world, producing 18.2% of the world's goods, although high operating costs are threatening America's leadership position.
• A major reason for the decline of the US manufacturing industry is the US' shift to a service-based economy, a trend that does not show signs of reversing.

Apogee Enterprises

• Apogee Enterprises' revenues grew by 19% to $1.3 billion in 2018.
• It generated $127 million in operating cash flow and had a gross profit of $333.52 million in 2018.
• Apogee's Architectural framing systems segment is its largest and most profitable segment.

•  The Official Board has an organizational chart of Apogee that includes its board and upper leadership that was updated last in December 2019.
• Apogee's Governance web page has profiles for its board members and c-suite.

• In an April 2019 press release from Apogee, CEO Joseph Puishys predicted "continued operational improvements" in the Architectural Glass segment.
• In an Earnings Call in December 2019, Puishys cited operational difficulties in several of the Framing segments as one of the reasons that the quarter's results were low.