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Last $51.33 USD
Change Today +0.09 / 0.18%
Volume 138.0K
AZZ On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 07/6/15 All times are local (Market data is delayed by at least 15 minutes).

azz inc (AZZ) Snapshot

Open
$50.69
Previous Close
$51.24
Day High
$51.66
Day Low
$50.48
52 Week High
06/10/15 - $54.01
52 Week Low
10/1/14 - $36.84
Market Cap
1.3B
Average Volume 10 Days
219.1K
EPS TTM
$2.63
Shares Outstanding
25.8M
EX-Date
07/9/15
P/E TM
19.5x
Dividend
$0.60
Dividend Yield
1.15%
Current Stock Chart for AZZ INC (AZZ)

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azz inc (AZZ) Details

AZZ incorporated provides galvanizing services, welding solutions, specialty electrical equipment, and engineered services to the power generation, transmission, distribution, and industrial markets. The company operates through two segments, Energy and Galvanizing Services. The Energy Segment provides specialized products and services designed to support industrial, nuclear, and electrical applications. This segment offers custom switchgear, electrical enclosures, medium and high voltage bus ducts, explosion proof and hazardous duty lighting, nuclear safety-related equipment, and tubular products to multi-national companies, and small independent companies. It also supplies safety related equipment for the nuclear industry. This segment sells its products through manufacturers’ representatives, distributors, agents, and internal sales force. The Galvanizing Services segment offers hot dip galvanizing services to the steel fabrication industry. This segment serves fabricators or manufacturers that provide services to the electrical and telecommunications, bridge and highway, petrochemical, and general industrial markets, as well as original equipment manufacturers. As of February 28, 2015, the company operated 36 galvanizing plants located in Alabama, Arkansas, Arizona, Colorado, Indiana, Illinois, Louisiana, Kentucky, Minnesota, Mississippi, Missouri, Ohio, Oklahoma, Tennessee, Texas, Virginia, and West Virginia, the United States; and Ontario, Quebec, and Nova Scotia, Canada. AZZ incorporated was founded in 1956 and is based in Fort Worth, Texas.

3,244 Employees
Last Reported Date: 04/22/15
Founded in 1956

azz inc (AZZ) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $650.0K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $325.0K
Senior Vice President of Galvanizing Services...
Total Annual Compensation: $339.9K
Chief Information Officer and Vice President
Total Annual Compensation: $226.6K
Chief Accounting Officer and Vice President
Total Annual Compensation: $220.0K
Compensation as of Fiscal Year 2015.

azz inc (AZZ) Key Developments

AZZ incorporated Declares Quarterly Cash Dividend Payable on July 27, 2015

AZZ incorporated announced that its Board of Directors has authorized a quarterly cash dividend in the amount of $0.15 per share on the company's outstanding shares of common stock. The dividend is payable on July 27, 2015, to shareholders of record as of the close of business on July 13, 2015.

AZZ incorporated Announces Unaudited Consolidated Financial Results for the First Quarter Ended May 31, 2015; Revises Earnings Guidance for the Fiscal Year 2016

AZZ incorporated announced unaudited consolidated financial results for the first quarter ended May 31, 2015. Revenues for the first quarter of fiscal 2016 were $228.9 million compared to $216.1 million for the same quarter last year, an increase of 5.9%. Net income for the first quarter increased 33.5% to $19.9 million, or $0.77 per diluted share, compared to net income of $14.9 million, or $0.58 per diluted share, for the first quarter of fiscal 2015. Earnings for the first quarter of fiscal 2016 were positively impacted by an improved gross margin of 25.9% compared to 25.6% in the first quarter of fiscal 2015, despite the challenging comparison year over year from insurance proceeds related to business interruption settlements. Earnings were also positively impacted by a reduction in SG&A as a percentage of sales to 11.5% compared to 12.7% in the prior fiscal year. Operating income was $59.304 million against $55.388 million a year ago. Income before income taxes was $29.155 million against $23.696 million a year ago. Net cash provided by operating activities was $4.722 million against $12.094 million a year ago. The company is adjusting guidance upward for fiscal 2016 EPS in the range of $2.85 to $3.30 per diluted share and revenues in the range of $900 million to $940 million, compared to previously issued guidance of earnings of $2.75 to $3.25 per diluted share and revenues in the range of $875 million to $925 million. This is a direct result of acquisition of U.S. Galvanizing and expectation that it will provide accretion of approximately $0.10 in EPS for fiscal year 2016.

AZZ incorporated Announces the Construction of a New Hot-Dip Galvanizing Plant Near Reno, Nevada

AZZ incorporated announced the construction of a new hot-dip galvanizing plant near Reno, Nevada. The new 25 acre plant site is located in the Tahoe-Reno Industrial Center east of Sparks, Nevada will be open for business by January of 2016. Upon completion of the new Reno facility, AZZ Galvanizing Services will operate a network of 43 hot-dip galvanizing plants in the United States and Canada. The new Reno plant will be an environmentally friendly, 50,000-square foot facility with a 30'-6"L x 7'-3"W x 10'D kettle.

 

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Industry Analysis

AZZ

Industry Average

Valuation AZZ Industry Range
Price/Earnings 18.9x
Price/Sales 1.6x
Price/Book 3.0x
Price/Cash Flow 18.9x
TEV/Sales 1.1x
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