AZZ Inc. reports Q2 adjusted EPS $1.37, consensus $1.32

Reports Q2 revenue $409M, consensus $411.8M. Tom Ferguson, President, and CEO of AZZ, commented, “Focused execution and seasonal strength contributed to second quarter sales of $409.0 million, up 2.6% over the prior year, and Adjusted EPS of $1.37. Consolidated Adjusted EBITDA margin grew to 22.5%, primarily driven by higher volume for hot-dip galvanized steel and coil-coated materials and operational productivity over the prior year. Metal Coatings benefited from the diversity of its serviced markets, improved zinc utilization, and delivered an Adjusted EBITDA margin of 31.7%. Precoat Metals’ Adjusted EBITDA margin improved to 21.1%, primarily due to sales growth, favorable mix and improved operational performance.”