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AZZ Inc (AZZ.N)

AZZ.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

AZZ Inc Posts Q1 Earnings Per Share of $0.81
Monday, 8 Jul 2019 

July 8 (Reuters) - AZZ Inc ::. REPORTS FINANCIAL RESULTS FOR THE FIRST QUARTER OF FISCAL YEAR 2020.Q1 EARNINGS PER SHARE $0.81.Q1 REVENUE $289.1 MILLION VERSUS REFINITIV IBES ESTIMATE OF $277.2 MILLION.Q1 EARNINGS PER SHARE ESTIMATE $0.68 -- REFINITIV IBES DATA.REAFFIRMS FY 2020 EARNINGS PER SHARE VIEW $2.25 TO $2.75.SEES FY 2020 SALES $950 MILLION TO $1.03 BILLION.BACKLOG AT END OF Q1 OF FISCAL YEAR 2020 DECREASED 1.6% TO $300.1 MILLION VERSUS $304.9 MILLION.DURING FIRST HALF OF FY 2019, BOOKED TWO LARGE CHINESE ORDERS WITH $45 MILLION IN Q1 AND $55 MILLION IN Q2.THE TWO CHINESE ORDERS ARE ANTICIPATED TO BE SHIPPED OVER A PERIOD OF YEARS.  Full Article

AZZ Inc QTRLY Earnings Per Share $0.34
Monday, 20 May 2019 

May 20 (Reuters) - AZZ Inc ::AZZ INC - COMPANY REAFFIRMS FULL YEAR EPS GUIDANCE RANGE OF $2.25 TO $2.75.AZZ INC - COMPANY REAFFIRMS FISCAL 2020 ANNUAL SALES GUIDANCE RANGE OF $950 MILLION TO $1,030 MILLION..AZZ INC - BACKLOG AT END OF 2019 FISCAL YEAR WAS $332.9 MILLION, AN INCREASE OF 25.4% COMPARED TO BACKLOG AT END OF PRIOR YEAR OF $265.4 MILLION.AZZ INC - WE WERE DISAPPOINTED IN OUR Q4 RESULTS.AZZ INC - REVENUES FOR Q4 WERE $202.5 MILLION COMPARED TO $200.7 MILLION FOR SAME QUARTER LAST YEAR.AZZ INC QTRLY EARNINGS PER SHARE $0.34.AZZ INC - Q4 RESULTS WAS IMPACTED BY A DELAY IN SHIPPING FIRST PART OF A MAJOR ORDER FROM OUR HIGH-VOLTAGE BUS BUSINESS INTO CHINA.AZZ INC - COMMENCED SHIPPING ORDER DURING Q1 OF FISCAL 2020 WHICH BEGAN ON MARCH 1, 2019.AZZ INC - SPECIALTY WELDING BUSINESS HAD SEVERAL KEY OPPORTUNITIES DELAYED, WITH MOST EXPECTED TO BEGIN DURING FISCAL 2020.AZZ INC - ZINC COSTS IN KETTLES DID NOT DECLINE AS QUICKLY AS EXPECTED, CREATING A DRAG ON MARGINS IN GALVANIZING DURING QUARTER.  Full Article

AZZ Inc Expands Metal Coating Services By Acquiring K2 Partners Inc
Friday, 12 Apr 2019 

April 12 (Reuters) - AZZ Inc ::AZZ INC. EXPANDS METAL COATING SERVICES BY ACQUIRING K2 PARTNERS, INC..AZZ INC - TERMS OF TRANSACTION WERE NOT DISCLOSED..AZZ INC - AZZ EXPECTS ACQUISITION WILL BE ACCRETIVE TO EARNINGS WITHIN FIRST YEAR OF OPERATION.AZZ INC - ACQUISITION INCREASES AZZ'S METAL COATINGS NETWORK OF PLANTS TO 44 SITES IN UNITED STATES AND CANADA..  Full Article

Azz Inc Announces Agreement To Purchase Tennessee Galvanizing Inc
Monday, 4 Feb 2019 

Feb 4 (Reuters) - AZZ Inc ::ANNOUNCES AGREEMENT TO PURCHASE TENNESSEE GALVANIZING INC..TERMS OF TRANSACTION WERE NOT DISCLOSED AND ARE SUBJECT TO CUSTOMARY TERMS AND CONDITIONS.FACILITY WILL OPERATE AS AZZ GALVANIZING - CHATTANOOGA.COMPANY EXPECTS AZZ GALVANIZING - CHATTANOOGA TO BE ACCRETIVE TO EARNINGS WITHIN FIRST YEAR OF OPERATION.COMPANY EXPECTS AZZ GALVANIZING - CHATTANOOGA TO BE ACCRETIVE TO EARNINGS WITHIN FIRST YEAR OF OPERATION.ACQUISITION WILL INCREASE AZZ'S METAL COATINGS NETWORK OF HOT-DIP GALVANIZING PLANTS TO 41 SITES IN UNITED STATES & CANADA.  Full Article

Azz Inc. Reports Financial Results For The Second Quarter Of Fiscal Year 2019
Tuesday, 9 Oct 2018 

Oct 9 (Reuters) - AZZ Inc ::. REPORTS FINANCIAL RESULTS FOR THE SECOND QUARTER OF FISCAL YEAR 2019.Q2 EARNINGS PER SHARE $0.43.Q2 EARNINGS PER SHARE VIEW $0.47 -- THOMSON REUTERS I/B/E/S.SEES FY 2019 EARNINGS PER SHARE $1.90 TO $2.25.SEES FY 2019 SALES $930 MILLION TO $970 MILLION.Q2 REVENUE $222.8 MILLION VERSUS I/B/E/S VIEW $228 MILLION.Q2 FISCAL YEAR 2019 BOOKINGS OF $253.9 MILLION, RESULTING IN BACKLOG OF $336.0 MILLION.FY2019 EARNINGS PER SHARE VIEW $2.20 -- THOMSON REUTERS I/B/E/S."REMAIN SOMEWHAT CAUTIOUS DUE TO UNCERTAINTY RELATED TO TARIFFS AND CHINESE TRADE SITUATION, AS WELL AS TIGHTER MARKET FOR LABOR"."OPTIMISTIC ABOUT FULL YEAR".  Full Article

Azz Inc Reaffirms Earnings Per Share Guidance Range For Fiscal 2019
Tuesday, 3 Jul 2018 

July 3 (Reuters) - AZZ Inc ::REPORTS FINANCIAL RESULTS FOR THE FIRST QUARTER OF FISCAL YEAR 2019.Q1 EARNINGS PER SHARE $0.60.Q1 EARNINGS PER SHARE VIEW $0.49 -- THOMSON REUTERS I/B/E/S.REAFFIRMS FY 2019 EARNINGS PER SHARE VIEW $1.75 TO $2.25.SEES FY 2019 SALES $900 MILLION TO $960 MILLION.Q1 REVENUE $262.2 MILLION VERSUS I/B/E/S VIEW $228.9 MILLION.SEES Q1 2019 REVENUE $262.2 MILLION.REAFFIRMS EARNINGS PER SHARE GUIDANCE RANGE FOR FISCAL 2019 OF $1.75 TO $2.25 AND SALES OF $900 MILLION TO $960 MILLION.BACKLOG AT END OF Q1 OF FISCAL YEAR 2019 INCREASED 7.6% TO $329.7 MILLION.  Full Article

AZZ Inc Announces Contract Awards For Underground Gas Insulated Line In China
Friday, 29 Jun 2018 

June 29 (Reuters) - AZZ Inc ::AZZ INC. ANNOUNCES CONTRACT AWARDS FOR UNDERGROUND ULTRA HIGH VOLTAGE 1100KV GAS INSULATED LINE IN THE PEOPLE'S REPUBLIC OF CHINA.AZZ INC - UNDER TERMS, WILL PROVIDE 7,431 METERS OF GIL TO BE INSTALLED IN A TUNNEL RUNNING UNDER YANGTZE RIVER.AZZ INC - TOTAL VALUE OF CONTRACT AWARDS ESTIMATED TO BE GREATER THAN $40 MILLION AND DELIVERY IS SCHEDULED TO BEGIN LATE 2018.  Full Article

Azz Inc. Completes Restatement Of Form 10-K For Fiscal Year 2017
Thursday, 19 Apr 2018 

April 19 (Reuters) - AZZ Inc ::AZZ INC. COMPLETES RESTATEMENT OF FORM 10-K FOR FISCAL YEAR 2017 AND THE COMPANY'S QUARTERLY REPORTS ON FORM 10-Q FOR THE FIRST AND SECOND QUARTERS OF FISCAL YEAR 2018.AZZ INC - EXPECTS TO ISSUE FISCAL YEAR 2019 GUIDANCE ONCE FISCAL YEAR 2018 FILINGS ARE COMPLETED.  Full Article

AZZ Says Will Restate Consolidated Financial Statements In Its Qtrly Reports On Form 10-Q For Qtrs Ended May 31 And August 31
Thursday, 29 Mar 2018 

March 29 (Reuters) - AZZ Inc ::AZZ SAYS WILL RESTATE CONSOLIDATED FINANCIAL STATEMENTS IN ITS QTRLY REPORTS ON FORM 10-Q FOR QTRS ENDED MAY 31, 2017 AND AUGUST 31, 2017 - SEC FILING.AZZ - FINANCIAL REPORTS IN CO'S QTRLY REPORTS FOR QTRS ENDED MAY 31, 2017 & AUG 31, 2017 SHOULD NO LONGER BE RELIED UPON DUE TO ACCOUNTING ERROR.  Full Article

AZZ Inc Announces Delay Of Fiscal Year 2018 Q3 Form 10-Q
Tuesday, 9 Jan 2018 

Jan 9 (Reuters) - AZZ Inc ::TO REVIEW ACCOUNTING METHODOLOGY RESULTING IN A DELAY OF THE ISSUANCE OF ITS FISCAL YEAR 2018 THIRD QUARTER FORM 10-Q. AZZ INC. UPDATES GUIDANCE FOR FISCAL 2018 REVENUE AND EARNINGS PER SHARE..SEES FY 2018 EARNINGS PER SHARE $1.80 TO $2.30.SAYS CURRENTLY ANTICIPATES SIGNIFICANT ONE-TIME, NON-CASH INCOME TAX BENEFIT IN Q4 OF FISCAL YEAR 2018.COMPANY IS ALSO REAFFIRMING ITS CURRENT REVENUE GUIDANCE OF $825 MILLION TO $885 MILLION FOR FY 2018.AZZ - WITHOUT ANTICIPATED BENEFIT FROM REVALUATION OF NET DEFERRED TAX LIABILITIES, FULL YEAR 2018 EPS WOULD FALL "SOMEWHAT BELOW" CURRENT GUIDANCE.  Full Article