AZZ, Inc. (AZZ) Reports Q4 EPS of $0.15, Miss on Revenues; Offers FY19 EPS Guidance Above Consensus

AZZ, Inc. (NYSE: AZZ) reported Q4 EPS of $0.15, versus $0.44 reported last year. Revenue for the quarter came in at $200 million versus the consensus estimate of $231.53 million.

Fiscal Year 2019 Guidance

Mr. Ferguson concluded, "We are gaining confidence in our outlook for fiscal 2019 as we see improving market activity in refinery turnarounds and are seeing more robust galvanizing markets. Additionally, we should benefit from improved operational performance with our realigned sales team and expect accretion from our recent acquisitions. We are initiating our fiscal 2019 earnings per fully diluted share guidance range at $1.75 to $2.25, a substantial increase over our Non-GAAP adjusted earnings for fiscal 2018 of $1.35. We are also initiating our fiscal 2019 annual sales guidance range from $900 million to $960 million. We believe we have taken the necessary actions to improve operating performance and with the improved market dynamics, we are optimistic for a much improved fiscal 2019."

GUIDANCE:

AZZ, Inc. sees FY2019 EPS of $1.75-$2.25, versus the consensus of $1.74.

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

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