Azz profit and revenue rise above expectations, gross margins decline [MarketWatch]
AZZ Inc. (AZZ)
Last azz inc. earnings: 4/29 06:30 am
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Source: MarketWatch
Azz profit and revenue rise above expectations, gross margins decline Azz Inc. AZZ, +0.35% reported fiscal first-quarter earnings and revenue that rose above expectations, amid strength in both its metal coatings and energy businesses. Net income for the quarter to May 31 increased to $15.7 million,or 60 cents a share, from $12.1 million, or 46 cents a share, in the same period a year ago. Revenue rose 27.7% to $262.2 million, with metal coatings revenue growing 25.2% to $115.3 million and energy revenue climbed 29.8% to $147.0 million. The FactSet consensus for earnings per share was 48 cents and for revenue was $228.9 million. Incoming orders were $320.5 million while shipments were $262.2 million for a booking ratio of 1.22, up from 0.94 a year ago. Gross margins declined to 22.4% from 23.1%. "While we are somewhat optimistic at this point, we remain cautious due to the uncertainty related to tariffs and the Chinese trade situation, as well as the tighter market for craft labor,
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AZZ
News
- AZZ announces CFO retirement [Seeking Alpha]Seeking Alpha
- AZZ Inc. Announces CFO Succession Plan [Yahoo! Finance]Yahoo! Finance
- AZZ Inc. Announces CFO Succession PlanPR Newswire
- Global Pad Mounted Switchgear Market to Advance at a CAGR of 5.6%, reaching US$ 10.6 Billion by 2034: Future Market Insights [Yahoo! Finance]Yahoo! Finance
- Will AZZ (AZZ) Beat Estimates Again in Its Next Earnings Report? [Yahoo! Finance]Yahoo! Finance
AZZ
Earnings
- 1/9/24 - Beat
AZZ
Sec Filings
- 3/27/24 - Form 8-K
- 3/20/24 - Form 8-K
- 2/14/24 - Form SC
- AZZ's page on the SEC website