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Azz Inc. (AZZ)
NYSE:AZZ
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Earnings Data
Report Date
Jan 13, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
$1.25Last Year’s EPS
$1.19Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 09, 2024
|% Change Since: 0.33%
|Next Earnings Date:Jan 13, 2025
Earnings Call Sentiment|Positive
The earnings call conveyed a generally positive outlook with strong financial performance in key areas such as sales growth, EBITDA margins, and debt reduction. However, there are concerns about sales declines in consumer and industrial markets and an expected seasonal slowdown in the latter half of the fiscal year.Company Guidance
During the AZZ Second Quarter 2025 Earnings Conference Call, key guidance metrics were highlighted by the executives to forecast the company's performance for the upcoming fiscal periods. The company reported a 2.6% increase in sales, reaching $409 million for the quarter, with Metal Coating sales up by 1% and Precoat Metal sales rising by 3.8%. The EBITDA margin for Metal Coatings was notably strong at 31.7%, exceeding their target range of 25% to 30%, while Precoat Metals achieved a solid margin of 21.1%. Moving forward, AZZ maintained its fiscal year sales guidance at $1.525 billion to $1.625 billion, and adjusted its EBITDA guidance to between $320 million and $360 million, while increasing its adjusted EPS guidance to a range of $4.70 to $5.10. The company also expects capital expenditures to remain between $100 million and $120 million, including approximately $63 million for the new greenfield plant. They plan to exceed $100 million in debt pay-downs for the year, while continuing to explore bolt-on acquisition opportunities.Sales Growth in Key Segments
Top line sales grew by 2.6% to $409 million compared to the prior year's quarter, with Metal Coatings sales increasing by 1% and Precoat Metal sales increasing by 3.8%.
Strong EBITDA Margins
Metal Coatings delivered a strong EBITDA margin of 31.7%, exceeding the previous year's margin and target range. Precoat Metals also had a solid EBITDA margin of 21.1%.
Successful Debt Reduction
The company paid down $20 million of debt this quarter and expects total debt repayments to exceed $100 million for the full year.
Construction of New Facility
AZZ is on track with the construction of a new aluminum coil coating facility in Washington, Missouri, expected to be operational in early fiscal year 2026.
Improved Interest Expense
Interest expense decreased to $21.9 million from $27.8 million due to consistent debt repayment and lower interest rates.
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AZZ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AZZ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 09, 2024 | $81.40 | $77.13 | -5.25% |
| Jul 10, 2024 | $76.35 | $80.98 | +6.06% |
| Apr 22, 2024 | $74.47 | $76.16 | +2.27% |
| Jan 09, 2024 | $56.54 | $56.30 | -0.42% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Azz Inc. (AZZ) report earnings?
Azz Inc. (AZZ) is schdueled to report earning on Jan 13, 2025, TBA Not Confirmed.
What is Azz Inc. (AZZ) earnings time?
Azz Inc. (AZZ) earnings time is at Jan 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AZZ EPS forecast?
AZZ EPS forecast for the fiscal quarter 2025 (Q3) is $1.25.
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