AZZ, Inc. (NYSE: AZZ) reported Q3 EPS of $0.91, in-line with the analyst estimate of $0.91. Revenue for the quarter came in at $242.4 million versus the consensus estimate of $249.87 million.

CEO Commentary [includes guidance update]:

Tom Ferguson, president and chief executive officer of AZZ Inc., commented “Financial results for the third quarter were solid, as we achieved double-digit net income and EPS growth. The strategic investment in our Energy Segment to improve our sales team and our technology to provide our customers innovative solutions continues to gain traction and drive profitability. Our WSI specialty welding business continues to penetrate and gain market share in the global markets that we serve. Quoting activity for the quarter was strong, and the current backlog in our Energy Segment remains solid.”

Mr. Ferguson continued “In the Galvanizing Service Segment, the market continued to present some challenges in the Gulf Coast region from lower oil prices, but we are gaining strength in other sectors to partially compensate, including bridge and highway and electric utilities. Internally, we continue to integrate the recently acquired U.S. Galvanizing operations, and are on track to meet our operational performance expectations for the acquired plants. During the third quarter we continued to improve processes and invested in various maintenance items and production equipment for a successful integration. We have completed the construction of our newest hot-dip galvanizing plant in Reno, Nevada and as of this week are fully operational.”

Mr. Ferguson concluded, “I continue to believe that fiscal 2016 will finish well and we are narrowing our guidance for fiscal 2016 EPS to the range of $2.90 to $3.10 per diluted share and revenues in the range of $890 million to $915 million, compared to our previously issued guidance of EPS in the range of $2.85 to $3.30 per diluted share and revenues in the range of $900 million to $940 million. We remain confident in our global opportunities and look forward to a solid fiscal 2016 and beyond.”

*** The Street sees FY16 EPS of $3.04.

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