AZZ Inc

NYSE:AZZ   2:04:59 PM EDT
34.51
-0.85 (-2.40%)
Divestitures / Spin-offs, Other Pre-Announcement

AZZ Inc Reports Qtrly Adjusted Earnings Per Share $0.49

Published: 10/13/2020 11:20 GMT
AZZ Inc (AZZ) - Qtrly Adjusted Earnings per Share $0.49.
Qtrly Sales of $203.4 Million, Down 13.9% Versus Same Quarter, Prior Year.
Q2 Loss per Share $0.07.
Fiscal Year 2021 Q3 Expected to Show Sequential Improvement in Both Revenue and Earnings per Share Versus Q2.
Recorded One-time Impairment Charges of $18.7 Million During Q2.
Expects to Divest Or Consolidate Certain Assets in Both Metal Coatings and Infrastructure Solutions Segments.
Will Continue to Suspend Guidance for Fiscal 2021 at This Time.
Strong Cash Flow Generated by Operations Will Continue to Help Co Manage Both Debt, Liquidity Effectively Throughout Remainder of FY 2021 and Well Beyond.
Anticipate Q3 Results Will Fall Short of Q3 of Last Year.