AZZ, Inc. (AZZ) Tops Q3 EPS by 3c; Lowers FY15 Outlook

AZZ, Inc. (NYSE: AZZ) reported Q3 EPS of $0.77, $0.03 better than the analyst estimate of $0.74. Revenue for the quarter came in at $224.8 million versus the consensus estimate of $232.2 million.

AZZ's backlog at the end of the third quarter of fiscal 2015 was $300.3 million, compared to $290.0 million at the end of the third quarter of fiscal 2014. Incoming orders for the third quarter of fiscal 2015 were $196.1 million while revenue for the quarter totaled $224.8 million, resulting in a book to ship ratio of 0.87. For purposes of comparison, for the third quarter of fiscal 2014 incoming orders were $193.7 million resulting in a book to ship ratio of 0.98 for that period.

AZZ, Inc. sees FY2015 EPS of $2.40-$2.60, versus prior guidance of $2.40-$2.80. AZZ, Inc. sees FY2015 revenue of $825-850 million, versus prior guidance of $850-900 million.

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

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