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AZZ Q4 Net Rises, Guidance Increased

Tuesday - 4/9/2013, 4:15am  ET

AZZ has released results for its Q4 2013 and trailing 12 months. For the quarter, net sales were just over $140 million, which bettered the $124 million in the same period the previous year. The bottom line also rose, to $13.2 million ($0.52 per diluted share) from Q4 2012's $11.6 million ($0.46).

Analysts had been expecting slightly higher revenue of $143 million and moderately lower EPS of $0.48.

For the 12-month period, top line was $571 million, or more than $100 million higher than the $469 million of the same period the previous year. Net profit was nearly 50% higher over that same time frame, coming in at $60.5 million ($2.37 per diluted share) for the year against the preceding $40.7 million ($1.61).

AZZ also revised its forward guidance. For its fiscal 2014, revenues are now anticipated to be $825 million to $900 million, with diluted EPS coming in at $2.65 to $2.95.

This article was originally published as AZZ Q4 Net Rises, Guidance Increasedon

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