Here's What We Think About Apogee Enterprises, Inc.'s (NASDAQ:APOG) CEO Pay
Joe Puishys became the CEO of Apogee Enterprises, Inc. (NASDAQ:APOG) in 2011. First, this article will compare CEO compensation with compensation at similar sized companies. Next, we'll consider growth that the business demonstrates. Third, we'll reflect on the total return to shareholders over three years, as a second measure of business performance. This method should give us information to assess how appropriately the company pays the CEO.
Check out our latest analysis for Apogee Enterprises
How Does Joe Puishys's Compensation Compare With Similar Sized Companies?
Our data indicates that Apogee Enterprises, Inc. is worth US$902m, and total annual CEO compensation was reported as US$2.3m for the year to March 2019. While this analysis focuses on total compensation, it's worth noting the salary is lower, valued at US$935k. As part of our analysis we looked at companies in the same jurisdiction, with market capitalizations of US$400m to US$1.6b. The median total CEO compensation was US$2.5m.
So Joe Puishys is paid around the average of the companies we looked at. Although this fact alone doesn't tell us a great deal, it becomes more relevant when considered against the business performance.
You can see a visual representation of the CEO compensation at Apogee Enterprises, below.
Is Apogee Enterprises, Inc. Growing?
On average over the last three years, Apogee Enterprises, Inc. has shrunk earnings per share by 21% each year (measured with a line of best fit). Revenue was pretty flat on last year.
Few shareholders would be pleased to read that earnings per share are lower over three years. And the flat revenue is seriously uninspiring. So given this relatively weak performance, shareholders would probably not want to see high compensation for the CEO. Shareholders might be interested in this free visualization of analyst forecasts.
Has Apogee Enterprises, Inc. Been A Good Investment?
With a three year total loss of 38%, Apogee Enterprises, Inc. would certainly have some dissatisfied shareholders. It therefore might be upsetting for shareholders if the CEO were paid generously.
In Summary...
Remuneration for Joe Puishys is close enough to the median pay for a CEO of a similar sized company .
After looking at EPS and total shareholder returns, it's certainly hard to argue the company has performed well, since both metrics are down. Few would argue that it's wise for the company to pay any more, before returns improve. CEO compensation is one thing, but it is also interesting to check if the CEO is buying or selling Apogee Enterprises (free visualization of insider trades).
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
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