AZZ Earnings: Everything You Must Know Now

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 3.23% to $0.64 in the quarter versus EPS of $0.62 in the year-earlier quarter.

Revenue: Rose 23.74% to $189.8 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: AZZ incorporated reported adjusted EPS income of $0.64 per share. By that measure, the company missed the mean analyst estimate of $0.66. It missed the average revenue estimate of $202.83 million.

Quoting Management: David H. Dingus, president and chief executive officer of AZZ incorporated, commented, “Despite the continued sluggish economic conditions in our served markets, combined with significant project delays, we anticipate that the net earnings for fiscal 2014 will reflect an improvement over fiscal 2013. We continue to face headwinds in both our operating segments in fiscal 2014 tied to the deferral of capital and maintenance spending by our customers. With the acquisitions of both WSI and NLI, we have reoriented our business to capture benefits from maintenance spending on existing infrastructure required in the power generation, oil & gas and industrial markets. Our businesses are well positioned to capture a meaningful share of this spending which we expect to occur in fiscal 2015. We remain very bullish on our opportunities and look forward to seeing those come to fruition in fiscal 2015 and beyond.”

Key Stats (on next page)…

Revenue increased 3.62% from $183.17 million in the previous quarter. EPS increased 14.29% from $0.56 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.82 to a profit $0.95. For the current year, the average estimate has moved down from a profit of $2.94 to a profit of $2.83 over the last ninety days.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]