AZZ Q4 Profit Declines; Reaffirms FY15 EPS Target - Quick Facts

(RTTNews) - AZZ incorporated (AZZ) reported net income for the fourth quarter of $10.2 million, or $0.40 per share, compared to $13.2 million, or $0.52 per share, last year. Adjusted earnings was $10.75 million or $0.42 per share, for the quarter.

On average, five analysts polled by Thomson Reuters expected the company to report profit per share of $0.42 for the quarter. Analysts' estimates typically exclude special items.

Revenues were $181.0 million compared to $140.4 million, last year, an increase of 28.9 percent. Analysts expected revenue of $191.97 million for the quarter.

Tom Ferguson, president and CEO of AZZ Incorporated, said, "our markets during the fourth quarter did remain sluggish and our businesses were impacted by more weather delays than expected. We were able to pull in some projects at WSI and to catch up on some of the lost days within Galvanizing."

The company continues to anticipate fiscal 2015 gross revenues to be in the range of $850 million to $900 million. Earnings are anticipated to be in the range of $2.40 and $2.80 per share. Analysts expect the company to report fiscal 2015 earnings per share of $2.65 on revenue of $836.64 million.

The company announced that the Board, at its regularly scheduled quarterly meeting, declared a $0.14 per share cash dividend on common stock outstanding.