AZZ, Inc. (AZZ), Approves 10% Common Buyback; Guides FY13 EPS Below Views, Revs In-Line

January 20, 2012 6:37 AM EST
AZZ incorporated (NYSE: AZZ) has authorized the repurchase of up to 10 percent of the shares of the Company's outstanding shares of common stock, par value $1.00 per share.

The share repurchase authorization does not have an expiration date, and the amount and prices paid for any future share purchases under the new authorization will be based on market conditions and other factors at the time of the purchase.

Also, sees fiscal 2013 EPS of $3.25 - $3.55 with revs of $475 - $510 million. The Street is currently looking for EPS of $3.63 and revs of $504.9 million.


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