AZZ Boosts FY22 Outlook - Quick Facts

(RTTNews) - While reporting financial results for the first quarter on Friday, AZZ, Inc. (AZZ), a provider of metal coating solutions and welding solutions, raised its earnings and sales guidance for the full-year 2022, due to the improved market conditions for many of the end markets.

For fiscal 2022, the company now projects earnings in a range of $2.65 to $3.05 per share on sales between $855 million and $935 million.

Previously, the company expected earnings in a range of $2.45 to $2.95 per share on sales between $835 million and $935 million.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $2.70 per share on revenues of $911.45 million for the year. Analysts' estimates typically exclude special items.