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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • AZZ Revenue And Earnings Increase 0 comments
    Jan 8, 2014 10:35 AM | about stocks: AZZ

    Originally published at www.seclive.com

    AZZ Incorporated (NYSE:AZZ) announced its financial results for the third fiscal quarter of 2014, reporting increases in revenue and earnings. The galvanizing services and electrical products and services provider reported revenue of $197.8M, up from $149.7M a year ago. AZZ earnings increased from $15.4M and $0.60 per share a year ago to $18.4M and $0.72 per share. However when excluding special items, the company's earnings declined from $16.3M and $0.64 per share to $15.2M and $0.59 per share. The company's electrical segment reported a drastic increase in revenue, up from $60.4M to $112.0M, while performance in the galvanizing segment decreased slightly from $89.3M to $85.7M. President and CEO Tom Ferguson remarked that the company is not pleased with its performance this quarter and is seeing progress in efforts to grow various aspects of the company.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: AZZ
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