AZZ incorporated (NYSE:AZZ) Reports 2Q19 Profit Up 13%

AZZ incorporated

AZZ incorporated (NYSE:AZZ) headquartered in Fort Worth, Texas, announced net income for the second quarter of $ 11.24 million or $ 0.43 per share, compared to income $ 9.79 million or $ 0.38 per share for the year-ago quarter.

Analysts from Thomson Reuters expected income of $ 0.47 per share.

Top line figures for the second quarter rose 13% to $ 222.79 million from $ 196.33 million in the same quarter last year, where as analysts anticipated $ 227.99 million.

Tom Ferguson, President and CEO, commented, We are very pleased to achieve double-digit, year-over-year growth for both top- and bottom-lines for the second quarter of fiscal year 2019. Driven by strength in both our Energy and Metal Coatings segments, second quarter revenue increased 13.5% and net income increased 14.9%.

Be the first to comment

Leave a Reply