AZZ stock climbed 8.4% after the metal coatings company reported fiscal first-quarter results that topped estimates and raised its fiscal 2027 guidance above Wall Street expectations. The company now expects sales of $1.80 billion to $1.85 billion, up from its prior outlook of $1.725 billion to $1.775 billion, and adjusted diluted earnings per share of $6.75 to $7.15, above the previous estimate of $6.50 to $7.00. For the first quarter, adjusted earnings per share were $1.85, beating analyst estimates by $0.16, while revenue increased 6.3% year-over-year to $448.5 million, exceeding consensus by $13.98 million. The Metal Coatings segment saw sales rise 12.3% to $210.3 million, while Precoat Metals sales grew 1.5% to $238.2 million. Consolidated adjusted EBITDA was $99.5 million, or 22.2% of sales, compared with $106.4 million, or 25.2% of sales, a year earlier, with the prior-year quarter including $7.7 million of equity in earnings from the AVAIL joint venture.
AZZ IncorporatedAZZ raised FY2027 outlook due to robust metal coatings demand, with Metal Coatings segment sales up 12.3%.