AZZ, Inc. (AZZ) Misses Q4 EPS by 4c

AZZ, Inc. (NYSE: AZZ) reported Q4 EPS of $0.47, $0.04 worse than the analyst estimate of $0.51. Revenue for the quarter came in at $245.4 million versus the consensus estimate of $228.36 million.

Discontinues Fiscal Year 2021 Guidance:

Mr. Ferguson added, "Due to uncertainty associated with the recent COVID-19 pandemic on many of our end markets, we are discontinuing our previously issued fiscal 2021 sales and earnings per fully diluted share guidance range. We continue to operate as an 'essential business' in supporting critical infrastructure needs during these unprecedented times. Our low debt level and ample borrowing capacity, combined with our consistent ability to generate cash, gives us the confidence that we can manage both debt and liquidity satisfactorily throughout fiscal year 2021. We are conserving cash by moderately reducing capital expenditures, suspending share repurchases and taking selected staffing reductions in businesses with low demand. Additionally, we have not experienced any unusual slowdown in customer payments."

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

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