Apogee Redefines Business Segment Financial Reporting to Reflect Changing Focus; Announces Fourth Quarter Conference Call.

Business Editors

MINNEAPOLIS--(BUSINESS WIRE)--March 29, 2001

Apogee Enterprises, Inc. (Nasdaq:APOG) today said it will redefine its financial business segments, effective with the release of the company's fourth quarter and fiscal 2001 year-end financial results on April 4. To facilitate a better understanding of these results, historical financials in the new reporting segments are included here.

"Our three new segments reflect our changing business mix and focus, and more closely align with markets served to underscore Apogee's growth potential," said Russell Huffer, Apogee chairman, president and chief executive officer. "The historical results included below show the importance of the architectural products and services segment, which is approximately 50 percent of revenues and 75 percent of earnings through the fiscal 2001 third quarter. This segment captures Apogee's competitive strengths - serving high-end markets with custom-engineered, energy-efficient, value-added, higher-margin products that feature high-performance coatings on glass.

"Our large-scale optical technologies segment offers growth potential in the future," said Huffer, "while the automotive replacement glass and services segment, which was restructured during fiscal 2001, has seen flat revenues for the past two years."

Apogee's new business segments are:

-- Architectural products and services: design, engineer, fabricate and install
the walls of glass and windows comprising the outside skin of commercial and
institutional buildings.

-- Large-scale optical technologies: develop and produce high technology glass
that enhances the visual performance of products for the display, imaging and
picture framing industries.

-- Automotive replacement glass and services: fabricate, repair and replace
automobile windshields and windows.

Reported in "equity in affiliates" are two joint ventures - PPG Auto Glass, LLC, owned 34 percent by Apogee; and TerraSun, owned 50 percent by Apogee. These joint ventures are not included in the operating segments.

Two years of restated results

Results have been restated to reflect the new segments. Attached are restated results for fiscal 1999 and 2000, as well as restated quarterly results for fiscal 2000 and the first nine months of fiscal 2001.

Fourth quarter conference call scheduled April 5

Apogee will host a live conference call and real-time webcast to discuss the company's fourth quarter and year-end results and fiscal 2002 earnings guidance on Thursday, April 5 at 9 a.m. Central Standard Time (10 a.m. Eastern Standard Time). The call will last approximately one hour. Fourth quarter results will be released after the market closes on April 4.

Investors and other interested parties can participate in the call by dialing 1-877-679-9051 toll free or 952-556-2804 local, and referencing "Apogee Enterprises." Access to the conference call is open to the press and general public in a listen-only mode. The call will be available for replay from 1 p.m. Central Standard Time on Thursday, April 5 through midnight Central Standard Time on Thursday, April 12, by calling 1-800-615-3210 toll free, access code 5079630.

To listen to the live conference call over the internet, go to the Apogee web site at http://www.apog.com and then click on "investor relations" followed by the webcast link at the top of that page at least 15 minutes early to register, download, and install any necessary audio software. For those who cannot listen to the live broadcast, the webcast version will be archived on the company's web site at the same location.

For more information, please contact Mary Ann Jackson at 952-830-0674 or e-mail [e-mail].

Apogee Enterprises, Inc., headquartered in Minneapolis, is a world leader in technologies involving the design and development of value-added glass products, services and systems. The company is organized in three segments:

-- Architectural products and services companies design,

engineer, fabricate and install the walls of glass and windows

comprising the outside skin of commercial and institutional

buildings. Businesses in this segment are: Viracon, a leading

global fabricator of coated, high-performance architectural

glass; Harmon, Inc., the second largest U.S. full-service

building glass installation and maintenance company; Wausau

Window & Wall Systems, a manufacturer of non-residential

aluminum window systems and curtainwall; and Linetec, one of

the largest U.S. architectural paint and anodizing finishers.

-- Large-scale optical technologies companies develop and produce

high technology glass that enhances the visual performance of

products for the display, imaging and picture framing

industries. Businesses in this segment are: Tru Vue, a leading

U.S. value-added glass and matboard manufacturer for the art

and framing industry; and Viratec Thin Films, a leading global

producer of optical thin film coatings for the display and

imaging markets.

-- Automotive replacement glass and services companies fabricate,

repair and replace automobile windshields and windows.

Businesses in this segment are: Harmon AutoGlass, the nation's

second largest chain of retail auto glass replacement and

repair stores; and Viracon/Curvlite, a leading U.S. fabricator

of aftermarket foreign and domestic car windshields.

                     Business Segment Information
                              (unaudited)
                        (dollars in thousands)

                         Fifty-two   Fifty-two    Forty
                        Weeks Ended Weeks Ended Weeks Ended
                         Feb. 27,    Feb. 26,     Dec. 2,
                          1999        2000         2000
                        ---------   ---------   ---------
Sales
Architectural           $349,968    $394,104    $331,285
Large-Scale Optical       58,669      69,934      66,149
Auto Glass               380,524     377,499     273,799
Eliminations              (1,099)     (1,049)       (325)
                        ---------   ---------   ---------
Total                   $788,062    $840,488    $670,908
                        ---------   ---------   ---------

Operating income (loss)
Architectural            $23,501     $20,512     $17,988
Large-Scale Optical        2,477        (540)      3,572
Auto Glass                18,399         184       3,176
Corporate and other       (1,025)       (738)     (1,745)
                        ---------   ---------   ---------
Total                    $43,352     $19,418     $22,991
                        ---------   ---------   ---------


Fiscal 2001              Fourteen    Thirteen    Thirteen
Quarterly Results      Weeks Ended  Weeks Ended Weeks Ended
                         June 3,     Sept. 2,    Dec. 2,
                          2000         2000       2000
                        ---------   ---------   ---------
Sales
Architectural           $111,007    $113,110    $107,168
Large-Scale Optical       19,642      21,638      24,869
Auto Glass               106,778     101,713      65,308
Eliminations                (174)        (97)        (54)
                        ---------   ---------   ---------
Total                   $237,253    $236,364    $197,291
                        ---------   ---------   ---------

Operating income (loss)
Architectural             $6,334      $5,993      $5,661
Large-Scale Optical       (1,058)      1,376       3,254
Auto Glass                 2,790       3,427      (3,041)
Corporate and other       (1,111)       (131)       (503)
                        ---------   ---------   ---------
Total                     $6,955     $10,665      $5,371
                        ---------   ---------   ---------


Fiscal 2000              Thirteen   Thirteen    Thirteen    Thirteen
Quarterly Results      Weeks Ended Weeks Ended Weeks Ended Weeks Ended
                         May 29,     Aug. 28,    Nov. 27,    Feb. 26,
                          1999        1999        1999         2000
                        ---------   ---------   ---------   ---------
Sales
Architectural            $93,056     $97,247     $93,518    $110,283
Large-Scale Optical       16,125      14,890      19,246      19,673
Auto Glass               100,611     105,150      88,866      82,872
Eliminations                (129)       (325)       (503)        (92)
                        ---------   ---------   ---------   ---------
Total                   $209,663    $216,962    $201,127    $212,736
                        ---------   ---------   ---------   ---------

Operating income (loss)
Architectural             $4,918      $6,762      $1,161      $7,671
Large-Scale Optical           (1)       (400)     (1,115)        976
Auto Glass                 7,043       4,921      (4,090)     (7,690)
Corporate and other       (1,226)        738        (235)        (15)
                        ---------   ---------   ---------   ---------
Total                    $10,734     $12,021     ($4,279)       $942
                        ---------   ---------   ---------   ---------