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FORT WORTH, Texas - AZZ Inc . (NYSE:AZZ) reported better-than-expected third quarter results and raised its full-year earnings guidance range Tuesday. AZZ's stock edged up 0.66% following the earnings release.
The provider of hot-dip galvanizing and coil coating solutions posted adjusted earnings per share of $1.39 for the third quarter, surpassing analyst estimates of $1.25. Revenue came in at $403.7 million, exceeding expectations of $394.45 million and rising 5.8% year-over-year.
"Third quarter results exceeded expectations as third quarter sales grew to $403.7 million, up 5.8% over the prior year, with Adjusted EPS of $1.39," said Tom Ferguson, President and CEO of AZZ.
The company's Metal Coatings segment saw sales increase 3.3% to $168.6 million, while Precoat Metals sales rose 7.6% to $235.1 million.
For fiscal year 2025, AZZ narrowed its guidance, now expecting earnings per share between $5.00 and $5.30, compared to the previous range of $4.15 to $4.65. The company projects full-year revenue of $1.55 billion to $1.6 billion, slightly below the consensus estimate of $1.601 billion.
Ferguson added, "We look forward to finishing fiscal year 2025 well as we set new profitability records moving forward."
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