AZZ, Inc. (AZZ) Tops Q2 EPS Views; Declares Two-for-One Split

June 28, 2012 5:55 PM EDT
AZZ, Inc. (NYSE: AZZ) reported Q2 EPS of $1.26, $0.45 better than the analyst estimate of $0.81. Revenue for the quarter came in at $127.1 million versus the consensus estimate of $124.36 million.

Additionally, the Company announced that the Board of Directors, at its regularly scheduled quarterly meeting, declared a 2 for 1 stock split of the Company's Common Stock in the form of a 100% stock dividend, payable on July 30, 2012 to shareholders of record as of July 16, 2012, with a broker's cut-off date of July 23, 2012. The stock dividend entitles each shareholder of record as of July 16, 2012 to receive one additional share of common stock for each share then owned. Prior to the most recent quarterly filing of May 31, 2012, the company had outstanding approximately 12.6 million shares. Upon completion of the stock dividend, the outstanding shares will be approximately 25.3 million shares. The share and per share information in this release has not been adjusted to reflect the stock split.

For earnings history and earnings-related data on AZZ, Inc. (AZZ) click here.

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