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FORT WORTH, Texas – AZZ Inc . (NYSE:AZZ) reported better-than-expected third quarter outcomes and raised its full-year earnings steering vary Tuesday. AZZ’s inventory edged up 0.66% following the earnings launch.
The supplier of hot-dip galvanizing and coil coating options posted adjusted earnings per share of $1.39 for the third quarter, surpassing analyst estimates of $1.25. Income got here in at $403.7 million, exceeding expectations of $394.45 million and rising 5.8% year-over-year.
“Third quarter outcomes exceeded expectations as third quarter gross sales grew to $403.7 million, up 5.8% over the prior yr, with Adjusted EPS of $1.39,” stated Tom Ferguson, President and CEO of AZZ.
The corporate’s Metallic Coatings phase noticed gross sales enhance 3.3% to $168.6 million, whereas Precoat Metals gross sales rose 7.6% to $235.1 million.
For fiscal yr 2025, AZZ narrowed its steering, now anticipating earnings per share between $5.00 and $5.30, in comparison with the earlier vary of $4.15 to $4.65. The corporate initiatives full-year income of $1.55 billion to $1.6 billion, barely beneath the consensus estimate of $1.601 billion.
Ferguson added, “We stay up for ending fiscal yr 2025 nicely as we set new profitability information transferring ahead.”
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