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Feb 28, 2023
Azz Q4 2023 Earnings Report
Reported record full year results from continuing operations and sales growth.
Key Takeaways
AZZ Inc. reported a strong fourth quarter and fiscal year 2023, with sales of $336.5 million, up 16.0% on a comparable basis. The company's adjusted EPS was $0.30, and adjusted EBITDA was $57.2 million or 17.0% of sales.
Sales of $336.5 million, up 16.0% on a comparable basis.
Metal Coatings sales up 14.8% and Precoat Metals, on a comparable basis, up 17.0%.
GAAP Diluted EPS of $0.15, and Adjusted EPS of $0.30.
Adjusted EBITDA $57.2 million or 17.0% of sales.
Revenue by Segment
Forward Guidance
Management is reaffirming the fiscal year 2024 guidance with annual sales guidance range of $1.40 billion to $1.55 billion, adjusted EBITDA range of $300-$325 million and adjusted earnings per diluted share of $3.85-$4.35.
Positive Outlook
- Strong performance within our segments
- A seasonally higher first quarter
Challenges Ahead
- Higher interest expense
- Dividends on our Preferred Stock
- The impact of an annualized effective tax rate of approximately 24%
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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