AZZ reports Q1 adjusted EPS $1.85, consensus $1.69
Reports Q1 revenue $448.5M, consensus $434.52M. Tom Ferguson, President, and CEO of AZZ, commented, "We are off to a great start in the fiscal year as sales grew to $448.5M, up 6.3% over the prior year quarter. Our sales momentum and disciplined operational execution resulted in Adjusted EBITDA of $99.5M, or 22.2% of sales, which generated adjusted diluted EPS of $1.85, up 3.9%. Metal Coatings achieved strong, double-digit sales gains on higher volume of galvanized steel. Meanwhile, Precoat Metals reached record first-quarter sales, fueled by a combination of price increases to offset materials and input cost inflation and the ongoing production ramp-up at the Washington, Missouri facility. We are on track to set new sales and profitability records in fiscal year 2027 due to external market visibility as we continue to execute our strategic plans; therefore, we have increased our annual guidance range."
Reports Q1 revenue $448.5M, consensus $434.52M.
Tom Ferguson, President, and CEO of AZZ, commented, "We are off to a great start in the fiscal year as sales grew to $448.5M, up 6.3% over the prior year quarter.
Our sales momentum and disciplined operational execution resulted in Adjusted EBITDA of $99.5M, or 22.2% of sales, which generated adjusted diluted EPS of $1.85, up 3.9%.
Metal Coatings achieved strong, double-digit sales gains on higher volume of galvanized steel.
Meanwhile, Precoat Metals reached record first-quarter sales, fueled by a combination of price increases to offset materials and input cost inflation and the ongoing production ramp-up at the Washington, Missouri facility.
We are on track to set new sales and profitability records in fiscal year 2027 due to external market visibility as we continue to execute our strategic plans; therefore, we have increased our annual guidance range."