AZZ Incorporated (NYSE:AZZ) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
AZZ incorporated Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 9.8% to $0.56 in the quarter versus EPS of $0.51 in the year-earlier quarter.
Revenue: Rose 44.09% to $183.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: AZZ incorporated reported adjusted EPS income of $0.56 per share. By that measure, the company missed the mean analyst estimate of $0.63. It missed the average revenue estimate of $197.08 million.
Quoting Management: David H. Dingus, president and chief executive officer of AZZ incorporated, commented, “AZZ continues to demonstrate our commitment to growth through acquisitions and has strengthened our position globally, especially in the power generation and petrochemical markets. We are excited about our growth opportunities with the addition of a service offering to our portfolio, following the Aquilex SRO acquisition.”
Key Stats (on next page)…