AZZ Shines in Q1 on Metal Coatings Momentum, Boosts Outlook
AZZ Inc. (NYSE: AZZ ) shares are trading higher premarket on Thursday after the company reported better-than-expected first-quarter results and raised its fiscal year 2027 guidance on Wednesday. Earnings Results Revenue rose 6.3% year over year (Y/Y) to $448.5 million, above the street view of $434.5 million. Adjusted EBITDA declined to $99.5 million from $106.4 million in the prior-year quarter. This is primarily due to the inclusion of $7.7 million in equity earnings from AVAIL JV operations in the first quarter of the previous year. Read Also: Top Wall Street Forecasters Revamp AZZ Expectations Ahead Of Q1 Earnings Adjusted EPS of $1.85 surpassed the analyst estimate of $1.69. The company generated $37.1 million in operating cash flow during the quarter, supported by improved earnings and disciplined working capital management. The company returned $6.0 million to shareholders thro...
AZZ Inc. (NYSE: AZZ ) shares are trading higher premarket on Thursday after the company reported better-than-expected first-quarter results and raised its fiscal year 2027 guidance on Wednesday. 5 million. 4 million in the prior-year quarter.
7 million in equity earnings from AVAIL JV operations in the first quarter of the previous year. 69. 1 million in operating cash flow during the quarter, supported by improved earnings and disciplined working capital management. 7 million in capital expenditures.
3% Y/Y, driven by higher volumes across construction, industrial, and infrastructure markets. 3%, down 260 basis points due to prior-year land sale benefits and a higher mix of large projects in the current period. 2 million, aided by stronger contributions from the Washington, Missouri facility and recovery of higher paint and input costs. 7%, driven by higher sales.
84. 75 billion. Also, the company expects capital expenditure to be approximately $80 million-$100 million. 59 during premarket trading on Thursday.
19, according to Pro data. Photo via Shutterstock