AZZ IncorporatedAZZ
▼ NegativeCapitalrelevance
Profit dropped sharply from $170.9M to $52.0M year-over-year, despite revenue growth.
Impact on stocks 1
Industrials
AZZ IncorporatedAZZ Incorporated announced a drop in first-quarter profit. The company's bottom line came in at $52.006 million, or $1.72 per share, compared with $170.908 million, or $5.66 per share, last year. Excluding items, adjusted earnings were $55.768 million or $1.85 per share. Revenue rose 6.3% to $448.530 million from $421.962 million last year. The company issued full-year EPS guidance of $6.75 to $7.15 and revenue guidance of $1.80 billion to $1.85 billion.
AZZ IncorporatedProfit dropped sharply from $170.9M to $52.0M year-over-year, despite revenue growth.