AZZ Inc. reported a 2.2% increase in total sales to $381.6 million and a 55.9% increase in diluted EPS to $0.92 for the third quarter of fiscal year 2024. Both segments performed well, with Metal Coatings sales up 3.1% and Precoat Metals sales up 1.6%. The company reduced debt by $25 million in the quarter and is narrowing its annual guidance upward.
Total sales increased by 2.2% to $381.6 million.
Diluted EPS increased by 55.9% to $0.92, while Adjusted EPS increased by 52.6% to $1.19.
Net income increased by 45.8% to $26.9 million.
Debt was reduced by $25 million in the quarter.
AZZ is narrowing and revising upward its fiscal year 2024 guidance to reflect nine-month actual results and fourth quarter projections. The guidance includes estimated interest expense benefits and the reduction of debt.
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