AZZ Posts Q2 EPS of $1.94, Beating Expectations
AZZ sits 45% above its 52-week low of $94.61.
Summary
AZZ reported second-quarter earnings per share of $1.94, beating market expectations, with adjusted EPS of USD 2 versus an IBES estimate of USD 1.85. Net income was $58.5 million on sales of $486.9 million. The company raised its fiscal year guidance for the year ending February 28, now seeing FY27 sales of $1.825 billion to $1.875 billion, adjusted EBITDA of $380 million to $420 million, and adjusted diluted EPS of $7.00 to $7.30. The stock is trading at $136.87 with a market cap of approximately $4.1 billion. This follows a strong Q1 report and recent acquisition of Seattle Galvanizing Company, suggesting continued operational momentum.
Updated with an SEC 8-K filing · What changed
Updates
· SEC 8-K — AZZ raised FY2027 guidance: sales $1.825B-$1.875B, adjusted EBITDA $380M-$420M, adjusted diluted EPS $7.00-$7.30.
· SEC 10-Q — 10-Q reports Q2 net income $58.5M, sales $486.9M, diluted EPS $1.94; six-month net income $110.5M, sales $935.4M.
At the time of this announcement, AZZ was trading at $136.87 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $4.1B. The 52-week trading range was $94.61 to $162.20. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.