Market Overview

UPDATE: AZZ Posts Downbeat Q2 Profit; Lowers Full-Year View

Share:
Related AZZ
Earnings Scheduled For July 1, 2015
AZZ incorporated Announces Plan to Build New "Greenfield" Galvanizing Services Plant in Reno, Nevada
Emerson to Equip Catalina's Energy Supply through Edison (Zacks)

AZZ (NYSE: AZZ) reported a 3.1% rise in its fiscal second-quarter earnings and cut its full-year view.

AZZ now expects full-year profit of $2.45 to $2.65 per share on revenue of $780 million to $810 million. The company had earlier expected a profit of $2.65 to $2.95 per share on revenue of $825 million to $900 million.

AZZ's quarterly profit surged to $16.4 million, or $0.64 per share, from $15.9 million, or $0.62 per share, in the year-ago period. Excluding one-time items, its earnings declined to $0.57 per share from $0.65 per share.

Its sales climbed 24% to $189.8 million. The company had earlier expected earnings of $0.60 to $0.70 per share on revenue of $195 million to $210 million.

AZZ shares closed at $43.11 yesterday.

Posted-In: profitEarnings News Guidance

 

Related Articles (AZZ)

View Comments and Join the Discussion!

Get Benzinga's Newsletters