AZZ, Inc. (AZZ) Misses Q4 EPS by 5c; Offers FY17 Outlook

AZZ, Inc. (NYSE: AZZ) reported Q4 EPS of $0.62, $0.05 worse than the analyst estimate of $0.67. Revenue for the quarter came in at $217.6 million versus the consensus estimate of $209.58 million.

Bookings for fiscal 2016 were $905.1 million, compared to $824.3 million for the prior year, an increase of 9.8 percent. Backlog at the end of the 2016 fiscal year was $334.5 million compared to backlog at the end of the prior year of $332.6 million. Incoming orders for the year were $905.1 million while revenues for the year totaled $903.2 million, resulting in a book to bill ratio of 100 percent. Of the backlog of $334.5 million, 31.8 percent is expected to be delivered outside of the U.S.

GUIDANCE:

AZZ, Inc. sees FY2017 EPS of $3.15-$3.45, versus the consensus of $3.39. AZZ, Inc. sees FY2017 revenue of $930-970 million, versus the consensus of $940.6 million.

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

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