AZZ Inc. Rises Following Q2 Earnings Beat, Reaffirmed Guidance
Portfolio Pulse from Ryan Gustafson
AZZ Inc. reported Q2 earnings of $1.27 per share, beating the analyst consensus estimate of $1.08. The company also reported quarterly sales of $398.50 million, beating the analyst consensus estimate of $396.91 million. The Metal Coatings segment reported record sales of $169.8 million. The company reaffirmed its full-year 2024 guidance, expecting earnings per share to be between $3.85 and $4.35 and sales between $1.40 billion and $1.55 billion. Shares of AZZ were up 3.49% in the after-hours session.
October 10, 2023 | 10:57 pm
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AZZ Inc. reported better than expected Q2 earnings and sales, and reaffirmed its full-year 2024 guidance. This led to a 3.49% increase in the company's stock price in after-hours trading.
AZZ Inc. reported better than expected Q2 earnings and sales, which is generally a positive signal to investors. The company also reaffirmed its full-year 2024 guidance, indicating confidence in its future performance. These factors likely contributed to the increase in the company's stock price in after-hours trading.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100