27.09.2013 11:18:28

AZZ Q2 Profit Rises - Quick Facts

(RTTNews) - AZZ incorporated (AZZ) reported that its second-quarter net income increased to $16.4 million, or $0.64 per share, from $15.9 million, or $0.62 per share, last year. Adjusted earnings was $14.68 milllion or $0.57 per share for the quarter.

Analysts polled by Thomson Reuters expected the company to report profit per share of $0.66 for the quarter. Analysts' estimates typically exclude special items.

Revenues were $189.8 million compared to $153.4 million for the same quarter last year, an increase of 24 percent. Analysts expected revenue of $202.83 million for the quarter.

The company revised its fiscal 2014 guidance for revenues to be in the range of $780 million to $810 million. Earnings are anticipated to be in the range of $2.45 and $2.65 per share. Analysts expect the company to report fiscal 2014 profit per share of $2.83 on revenue of $844.56 million.

The company expects its third-quarter revenues will be in the range of $210 million to $230 million and earnings are anticipated to be in the range of $0.65 to $0.75 per share. Analysts expect the company to report third-quarter profit per share of $0.95 on revenue of $248.03 million.

AZZ announced its Board, at the regularly scheduled quarterly meeting, declared a 14 cent per share cash dividend on the company's common stock outstanding.

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AZZ IncShs 93,50 -0,53% AZZ IncShs