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May 31, 2022
Azz Q1 2023 Earnings Report
Reported strong operating performance in the first quarter of fiscal year 2023, with sales increasing and operating income up.
Key Takeaways
AZZ Inc. reported a strong start to fiscal year 2023, with a 36.8% increase in sales and a 29.9% increase in operating income. Diluted EPS was reported at $0.96, up 9.1%, and adjusted diluted EPS was $1.40, up 59.1%. The company's Metal Coatings segment continued to deliver strong results, and the newly acquired Precoat Metals segment performed well.
Sales increased by 36.8% year-over-year to $314.4 million.
Diluted earnings per share (EPS) increased by 9.1% to $0.96.
Adjusted diluted EPS increased by 59.1% to $1.40.
Operating income increased by 29.9% to $39.9 million.
Azz
Azz
Azz Revenue by Segment
Revenue by Segment
Metal Coatings Revenue
CapyFin.comPrecoat Metals Revenue
CapyFin.com Forward Guidance
The company anticipates 2nd quarter sales to be within the range of $485 million and $510 million, and EBITDA within the range of $90 million to $110 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income