AZZ Boosts FY27 Sales Guidance to $1.8B-$1.85B Amid Strong Q1 Results
AZZ sits 67% above its 52-week low of $92.98.
Summary
AZZ Inc. has significantly raised its fiscal year 2027 sales guidance to a range of $1.8 billion to $1.85 billion, an increase from the previous outlook of $1.725 billion to $1.775 billion provided in an investor presentation on May 28th. Concurrently, the company also boosted its FY27 Adjusted EPS view to $6.75-$7.15. These updated forecasts were released alongside strong Q1 FY2027 results for the quarter ended May 31, which reported revenue of $448.5 million and adjusted diluted EPS of $1.85. The improved outlook, signaling enhanced business momentum and a more robust revenue forecast, is primarily driven by strong demand in its Metal Coatings segment.
At the time of this announcement, AZZ was trading at $155.00 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $4.3B. The 52-week trading range was $92.98 to $162.20. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Dow Jones Newswires.