By Kelly Cloonan
AZZ posted lower revenue in its fiscal fourth quarter as unfavorable weather pressured volumes.
The provider of hot-dip galvanizing and coil-coating solutions logged a profit of $20.2 million, or 67 cents a share, for the three-months ended Feb. 28, up from $14.3 million, or 56 cents a share, a year ago.
Adjusted earnings per share was 98 cents, in line with estimates according to analysts polled by FactSet.
Revenue fell 4% to $351.9 million, behind analyst forecasts of $378 million, according to FactSet.
The company said sales of metal coatings fell 3.9%, while sales of precoat metals fell 4.1% due to a decrease in volume amid unfavorable weather conditions in the quarter. Lower end market demand in transportation also pressured precoat metals sales.
For fiscal 2026, AZZ expects adjusted earnings per share between $5.50 to $6.10. Analysts expected $5.90 a share, at the upper end of the range.
The company guided for full-year fiscal 2026 sales of $1.63 billion to $1.73 billion. Analysts expect $1.68 billion.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
April 21, 2025 16:51 ET (20:51 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.