AZZ Inc. Reports Third Quarter Fiscal Year 2021 Results; Generates EPS of $0.76; Sequential Improvement in Operating Performance; Comprehensive Strategic Review Underway

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Go back to AZZ Inc. Reports Third Quarter Fiscal Year 2021 Results; Generates EPS of $0.76; Sequential Improvement in Operating Performance; Comprehensive Strategic Review Underway

AZZ, Inc. (AZZ) Tops Q3 EPS by 14c, Revenues Miss

January 11, 2021 6:35 AM EST

AZZ, Inc. (NYSE: AZZ) reported Q3 EPS of $0.80, $0.14 better than the analyst estimate of $0.66. Revenue for the quarter came in at $226.6 million versus the consensus estimate of $234.44 million.

Third Quarter Overview and Recent Highlights:

Earnings per share of $0.76 and net income of $19.7 million; which includes net charges of $1.6 million, or $0.06 cents per share, primarily related to the loss on the divestiture of Southern Mechanical Services (SMS).Sales of $226.6 million, increased sequentially by 11.4% from the second quarterMetal Coatings segment results versus same quarter, prior year:Sales of $115.6 million, down 10.5%, with galvanizing... More