AZZ Incorporated 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 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)…

Revenue increased 30.49% from $140.39 million in the previous quarter. EPS increased 12% from $0.50 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 $0.76 to a profit $0.79. For the current year, the average estimate has moved up from a profit of $2.90 to a profit of $2.94 over the last ninety days.

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

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