AZZ Fiscal Q1 Misses Street Projections

AZZ, a provider of metal coatings and other industrial services, reported fiscal Q1 earnings of $0.51 per share, down from $0.81 in the same period a year ago and missing the estimate of $0.69 from analysts polled by Capital IQ. For the quarter ended May 31, total revenues of $208.6 million were down from $242.7 million in the same period a year ago and fell short of the Street projection of $225.1 million.

The company reaffirmed its FY EPS guidance in the range of $2.60 to $3.10, straddling the Street estimate of $2.79, and revenues between $880 million and $950 million, straddling the Street projection of $888.6 million.

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