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AZZ Inc (AZZ.N)

AZZ.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

AZZ Inc Announces Delay Of Fiscal Year 2018 Q3 Form 10-Q
Tuesday, 9 Jan 2018 

Jan 9 (Reuters) - AZZ Inc ::TO REVIEW ACCOUNTING METHODOLOGY RESULTING IN A DELAY OF THE ISSUANCE OF ITS FISCAL YEAR 2018 THIRD QUARTER FORM 10-Q. AZZ INC. UPDATES GUIDANCE FOR FISCAL 2018 REVENUE AND EARNINGS PER SHARE..SEES FY 2018 EARNINGS PER SHARE $1.80 TO $2.30.SAYS CURRENTLY ANTICIPATES SIGNIFICANT ONE-TIME, NON-CASH INCOME TAX BENEFIT IN Q4 OF FISCAL YEAR 2018.COMPANY IS ALSO REAFFIRMING ITS CURRENT REVENUE GUIDANCE OF $825 MILLION TO $885 MILLION FOR FY 2018.AZZ - WITHOUT ANTICIPATED BENEFIT FROM REVALUATION OF NET DEFERRED TAX LIABILITIES, FULL YEAR 2018 EPS WOULD FALL "SOMEWHAT BELOW" CURRENT GUIDANCE.  Full Article

AZZ buys Enhanced Powder Coating
Friday, 30 Jun 2017 

June 30 (Reuters) - AZZ Inc ::AZZ Inc acquires Enhanced Powder Coating, Ltd.AZZ Inc - terms of transaction were not disclosed.AZZ Inc - AZZ anticipates acquisition of EPC will be accretive to earnings within first year of operation.  Full Article

Azz Inc Q2 EPS $0.38
Wednesday, 5 Oct 2016 

Azz Inc : Sees Fiscal 2017 Revenue Slightly Below Previously Issued Guidance Of $930 Million To $970 Million . Sees Fiscal 2017 Earnings Per Share Slightly Below Previously Issued Guidance Of $3.15 To $3.45 Excluding Items . Earnings For Quarter Were Negatively Impacted By Approximately $0.17 Per Share, Net Of Related Tax Benefits . Azz Inc. Reports Financial Results For The Second Quarter Of Fiscal Year 2017 . Q2 Earnings Per Share $0.38 . Q2 Revenue $195 Million Versus I/B/E/S View $223.1 Million . Q2 Bookings Of $193.7 Million, Down 17.1% . Backlog At End Of Q2 Of Fiscal 2017 Was $352.8 Million Compared To Backlog At End Of Prior Year Q2 Of $338.1 Million . Earnings For Quarter Were Negatively Impacted By Realignment Charges . "Q2 Financial Results Were Disappointing" . Fy2017 Earnings Per Share View $3.30, Revenue View $951.4 Million -- Thomson Reuters I/B/E/S . Incoming Orders For Quarter Were $193.7 Million While Shipments For Quarter Totaled $195.0 Million . Rather Than Re-Set Guidance Ranges At This Time, Given Uncertainties,Potential Charges Related To Sale Of Nuclear Logistics, Will Suspend Fiscal 2017 Guidance For A "Short Window" .Expect Fiscal 2017 Results To Fall Slightly Below Previously Issued 2017 EPS Guidance Of $3.15-$3.45, Revenue Guidance Of $930-$970 Million.  Full Article

AZZ announces divestiture of its Nuclear Logistics LLC operating unit to Westinghouse Electric
Monday, 3 Oct 2016 

AZZ Inc : AZZ Inc announces the divestiture of its Nuclear Logistics Llc operating unit to Westinghouse Electric Company . Suspending previously issued FY 2017 EPS and revenue guidance due to uncertainty of charge and timing of potential sale . Terms of transaction were not disclosed . Transaction is expected to close in fall of 2016 .Suspending previously issued eps and revenue guidance for fiscal year 2017.  Full Article

AZZ announces a 13.3% increase in quarterly cash dividend
Friday, 30 Sep 2016 

AZZ Inc : Azz announces a 13.3% increase in quarterly cash dividend from $0.15 per share to $0.17 per share .Sets quarterly cash dividend of $0.17per share.  Full Article

AZZ Inc Q1 earnings per share $0.81
Tuesday, 5 Jul 2016 

Azz Inc : Azz inc. Reports financial results for the first quarter of fiscal year 2017 . Q1 earnings per share $0.81 . Q1 earnings per share view $0.84 -- Thomson Reuters I/B/E/S . Reaffirms fy 2017 earnings per share view $3.15 to $3.45 . Sees fy 2017 revenue $930 million to $970 million . Q1 revenue $242.7 million versus i/b/e/s view $247.5 million . Sets quarterly cash dividend of $0.15per share . Sees backlog of $354.2 million at quarter-end . Fy2017 earnings per share view $3.32, revenue view $953.9 million -- Thomson Reuters I/B/E/S .Says q1 bookings of $250.5 million, up 16.4%.  Full Article

AZZ inc gives FY 2017 guidance
Thursday, 21 Apr 2016 

AZZ inc:Issues management's guidance for FY 2017 EPS in the range of $3.15 to $3.45 per diluted share and revenues to be in the range of $930 million to $970 million.  Full Article

AZZ Inc to acquire Power Electronics Inc
Tuesday, 1 Mar 2016 

AZZ Inc:To acquire Power Electronics Inc.Terms of the transaction were not disclosed.Expect that the Power Electronics acquisition will be accretive to earnings within the first year of operation.  Full Article

AZZ Inc acquires assets of Nebraska-based Galvanizing Facility from Olson Industries Inc
Monday, 1 Feb 2016 

AZZ Inc:Announces that it has acquired the assets of Alpha Galvanizing Inc., an Atkinson, Nebraska-based business unit of Olson Industries, Inc.Co anticipate the Nebraska plant will be accretive to earnings within the first year of operation.  Full Article

BRIEF-Azz Inc Files For Non Timely 10-Q - SEC Filing‍​

* AZZ INC FILES FOR NON TIMELY 10-Q - SEC FILING‍​ Source text (http://bit.ly/2AKeQko) Further company coverage: (Bangalore.newsroom@thomsonreuters.com)