AZZ Inc. (AZZ) PT Lowered to $56 at Stifel Following 1Q18 Miss; 'Weakness in Energy Offsets Improvements in Galvanizing, Mgmt Guiding to a Stronger 2H'

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Go back to AZZ Inc. (AZZ) PT Lowered to $56 at Stifel Following 1Q18 Miss; 'Weakness in Energy Offsets Improvements in Galvanizing, Mgmt Guiding to a Stronger 2H'

AZZ, Inc. (AZZ) Misses Q1 EPS by 19c; Reaffirms FY18 Outlook

July 6, 2017 6:31 AM EDT

AZZ, Inc. (NYSE: AZZ) reported Q1 EPS of $0.51, $0.19 worse than the analyst estimate of $0.70. Revenue for the quarter came in at $208.6 million versus the consensus estimate of $225.08 million.

Tom Ferguson, president and chief executive officer of AZZ Inc., commented, "First quarter financial performance reflected continued delays and smaller than expected scopes in refinery turnarounds and maintenance projects in our Energy segment. We experienced some margin pressure in our Electrical platform as we continued to feel the effects of soft markets in oil and gas sector and the uncertainty and delays related to the... More