Headquartered in Fort Worth, TX Fiscal year ends February NYSE: AZZ azz.com
AZZ Inc. is an independent provider of hot-dip galvanizing and coil coating solutions serving a broad range of end-markets across North America. The company operates through two segments: Metal Coatings, which provides hot-dip galvanizing services to protect steel from corrosion, and Precoat Metals, which provides coil coating solutions that enhance the longevity and appearance of metal products. Key end-markets include construction, industrial, infrastructure, transportation, HVAC and appliances, and containers. AZZ also holds a minority interest in AVAIL, an unconsolidated joint venture. The company's business model is built around providing sustainable metal coating solutions for buildings, products, and infrastructure essential to everyday life. Updated
Management raised full-year adjusted EPS guidance to $7.00-$7.30 from $6.75-$7.15 after both Metal Coatings and Precoat Metals set record sales. Metal Coatings revenue jumped 22.9% to $233.5 million on heavier steel volumes from construction and infrastructure work, and the Seattle Galvanizing deal closed for $57.5 million.
Three straight EPS beats ride on today's 4:15 PM ET report, with consensus at $1.84 on $463.4 million in revenue. The galvanizing business has been riding infrastructure and data-center demand, so the outlook matters more than the quarter.
Q3 earnings season front-loads everything into two mornings: JPMorgan, Goldman, Wells Fargo, Citi, UnitedHealth and Johnson & Johnson all report before the open Tuesday, with Bank of America, Morgan Stanley, BlackRock and ASML following Wednesday. Of 51 companies on the week, 38 land before the bell, so the tone for rates, credit and chip demand gets set early.
Pre-Market Stock Futures: Futures are trading mostly higher after a rather ho-hum start to the third-quarter earnings season. Large-cap financial stocks led off with strong numbers, though the sector’s results were mixed.…
Pre-Market Stock Futures: The futures are trading lower after a dreadful Friday and week, one that could be laying the foundation for a larger and more intense sell-off. The combination of the…
AZZ Inc. is an independent provider of hot-dip galvanizing and coil coating solutions serving a broad range of end-markets across North America.
The Wall Street consensus 12-month price target for AZZ is $162.30.
