Azz Q3 2020 Earnings Report
Key Takeaways
AZZ Inc. reported a 21.6% increase in revenue to $291.1 million and a 43.1% increase in net income to $22.0 million compared to the third quarter of last year. The company reaffirmed its full fiscal year 2020 revenue guidance of $1.02 to $1.06 billion and EPS guidance of $2.60 to $2.90.
Revenues increased by 21.6% to $291.1 million.
EPS increased by 42.4% to $0.84 compared to $0.59 for Q3 FY2019.
Net income increased by 43.1% to $22.0 million.
Operating margin was 11.5% compared to 9.5% in Q3 FY2019.
Azz
Azz
Azz Revenue by Segment
Forward Guidance
The company reaffirmed its previously issued guidance for fiscal year 2020 with earnings per share to be in the range of $2.60 to $2.90 per diluted share, and revenues to be in the range of $1.02 to $1.06 billion.
Revenue & Expenses
Visualization of income flow from segment revenue to net income