AZZ Inc (AZZ) Releases Earnings Results, Misses Expectations By $-0.16 EPS

AZZ Inc (AZZ) announced its most recent quarterly financial results on Wednesday, Oct-5-2016. AZZ reported $0.55 earnings per share for the quarter, missing the analyst consensus estimate by $-0.16. Analysts had a consensus of $0.71. The company posted revenue of $195.00 million in the period, compared to analysts expectations of $225.43 million. AZZ’s revenue was down -9.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS.

AZZ Inc closed down -0.85 points or -1.29% at $65.11 with 96,885 shares getting traded on Tuesday. Post opening the session at $66.06, the shares hit an intraday low of $64.88 and an intraday high of $66.42 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Sep 8, 2016, Timothy E Pendley (SVP GALVANIZING) purchased 109 shares at $38.42 per share price. According to the SEC, on Sep 8, 2016, Tara D Mackey (Chief Legal Officer) purchased 361 shares at $38.42 per share price. On Sep 8, 2016, Robert Joseph Steines (VP & Chief Accounting Officer) purchased 277 shares at $47.66 per share price, according to the Form-4 filing with the securities and exchange commission.

AZZ Inc. formerly AZZ incorporated is a provider of galvanizing services welding solutions specialty electrical equipment and engineered services to the power generation transmission distribution refining and industrial markets. The Company operates in two business segments: the Energy segment and the Galvanizing Services segment. The Company’s Energy segment provides products and services designed to support industrial nuclear and electrical applications. Its product offerings include custom switchgear electrical enclosures medium and high voltage bus ducts explosion proof and hazardous duty lighting nuclear safety-related equipment and tubular products. The Company’s Galvanizing Services segment provides hot dip galvanizing to the steel fabrication industry through facilities located throughout the United States and Canada. The Company operates in the United States Canada China Brazil Poland and the Netherlands.


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